Breeders have done a good job cutting the numbers of horses that they breed and reducing the stud fees of stallions. Now, some other things have to happen for the Thoroughbred industry to get out of its slump. Read Blog
The slumping market in recent years at the Keeneland January horses of all ages sale took a turn for the better in several important statistical categories during the auction's latest edition in Lexington.
The Keeneland January sale turned in a solid third session even though the number of quality mares and yearlings on offer decreased significantly from the Central Kentucky auction's first two days.
Average price also increases even though the second session wasn't as strong as the first during the 2011 Keeneland January horses of all ages sale in Lexington
The New Year started on a happy note at Keeneland as the January horses of all ages sale finished its opening session in Lexington Jan. 10 with huge increases of 62.2% in gross and 53.5% in average price from 2010.
The two most recent winners of Keeneland's Alcibiades Stakes (gr. I), Negligee and Wickedly Perfect, are scheduled to go through the sale ring on the auction's opening day.
Keeneland has cataloged 1,827 horses for its 2011 January Horses of All Ages Sale, to be held Jan. 10-14 at the Lexington sales pavilion.
Though overall figures were down for the Keeneland November breeding stock sale that ended Nov. 20, the results were encouragingly good considering ongoing weakness in the horse industry and the economy at large.
The buy-back rate was one of the best-performing statistics through three sessions of the Keeneland November breeding stock auction in Lexington. It stood at 21.1%, the same as in 2009, when selling ended for the day Nov. 1.
The robust market for top-end young mares continued during the second session of the Keeneland November breeding stock sale as five horses sold for seven-figure prices.
The Keeneland November breeding stock sale got off to what the company's director of sales, Geoffrey Russell, called a "solid start."
Shoppers probably will remain cautious even though Breeders' Cup runners and their close relatives will be available.
The total for the breeding stock auction is about the same as it was for the 2009 edition of the sale.
Buyers and sellers were encouraged by the 6.7% growth in the Keeneland September yearling sale's overall average price and an increase of 13.6% in the median. The positive results are a good omen for the November sale.
Average is virtually the same as last year and median is the same.
A Tapit colt produced from the stakes-winning mare Victory Road was purchased by Ron Winchell for $450,000 to top the Sept. 20 session of the Keeneland September yearling sale.
Two of the stallion's progeny bring $550,000 apiece during the Keeneland auction's fifth session.
A bay ridgling by Smart Strike commanded a seven-figure price during the Sept. 14 session of the Keeneland September yearling sale when he was bought for $1 million by George Bolton.
A Distorted Humor colt brings $2.05 million during the second and final select session.
Falling prices at boutique sales in France and Saratoga suggest the prices for fancy horses in Keeneland's select sessions will be more vulnerable this year.
As a member of the auction firm's inspection team, he helped Keeneland select which horses would be showcased during the September yearling sale.
Keeneland is unveiling several new technological innovations for its upcoming September yearling sale, including an industry-first online catalog page that will allow customers to access more information than before.
The buy-back rate for the April 5 juvenile auction drops while the gross and median price increase; average off 5.4%.
The auction will wrap up the select juvenile selling season, which has enjoyed some modest rebounds.
On a beautiful spring day, chestnut juvenile works a quarter mile in :20 3/5.
The former trainer will replace Dr. Gary Lavin, who is retiring, on the yearling inspection team.
Keeneland announced March 5 a major format change in its marathon September yearling sale, which will begin with two selected sessions of 100 horses each selling during night sessions Sept. 12-13.
Keeneland has cataloged 181 horses for its April 2-year-olds in training sale, to be held Monday, April 5.
Declines in gross and median are less steep than they were in 2009.
Gross declines 44.8%, and median drops 25.9% from a year ago.
Several sale company officials and horsemen talk about what they think will happen in the commercial Thoroughbred marketplace in 2010.
Keeneland Association announced Nov. 24 it has cataloged 1,753 horses for its 2010 January Horses of All Ages Sale, to be held Monday-Friday, January 11-15.
A globally diverse group of buyers, robust trade, and the highly prized pedigrees available through the Overbrook Farm dispersal combined to produce promising results at Keeneland's November Breeding Stock Sale, which concluded Nov. 22.
Gross sales rose for a third consecutive day on Friday at Keeneland's November breeding stock sale, led by the sale of Dancing Shoes, in foal to Unbridled's Song, for $400,000.
High quality stock from the Overbrook Farm dispersal and stronger participation by American buyers at the top of the market boosted the results for the second session of the Keeneland November breeding stock sale.
The Keeneland November breeding stock sale was hammered last year by the global financial crisis, suffering alarming downturns of 45.5% in gross, 39% in average price, and 42.9% in median price after a record-setting run in 2007. This year, consignors and sale company officials are hoping that, at the very least, the declines will slow down, but the odds are against a rebound during the auction's 13-day run, Nov. 10-22, in Lexington.
Keeneland announced Oct. 5 that 4,702 horses have been cataloged for its November breeding stock sale, a decline of 17.6% from the record 5,709 cataloged for the Lexington sale in 2008.
The marathon Keeneland September yearling sale drew to a close Sept. 28 with some of the biggest declines in key statistical categories in recent history as the gross receipts fell 41.5%, the average was down 33.2%, and the median was off 40.5% for the 14 sessions.
The yearling market continues its slump but trading was brisk during the fifth session of the 14-day Keeneland September Yearling sale.
During the fourth session of the Keeneland September yearling sale Sept. 17, very little changed from the results seen during the first three days of the marathon sale.
The Keeneland September yearling auction continued its merciless battering of commercial breeders and consigners, posting results that fell far short of last year's figures for the third consecutive day.
The first session of Keeneland's marathon September yearling sale concluded Sept. 14 with major declines in gross, average, and median prices.
Keeneland is unveiling technological innovations and features for all its sales, including a new service to promote the sale of horses that did not reach their reserve in the auction ring, as well as the re-launch of its mobile site.
Keeneland officials announced July 30 that 5,189 yearlings have been cataloged for the 2009 September yearling sale, scheduled for Sept. 14-28.
The Society of International Thoroughbred Auctioneers (SITA) will clarify its policy on aged broodmares during its next meeting, according to a press release issued by the organization on July 10. Based on comments by Fasig-Tipton and Keeneland officials, there was confusion about the portion of the policy that addresses broodmares 18 years of age and older and whether the ban recommended by SITA concerns all broodmares of that age or only broodmares of that age that are not in foal.
Fasig-Tipton and Keeneland executives are raising questions about the the Society of International Thoroughbred Auctioneers' new guidlelines for older mares and barren mares, saying the policies they had agreed to support differed on one key point from what has appeared in recent published reports.
Meeting people was a big part of Marcia Taylor's job at Fasig-Tipton, and she never got tired of making new acquaintances during her nearly 30 years with the Thoroughbred auction firm.
Mark Maronde and Dr. Johnny Mac Smith have joined the Keeneland sales staff. Maronde will be a sales account executive, and Smith, a veterinarian, will be a member of the yearling inspection team.
Vallenzeri, who set a world Thoroughbred auction record last year as a $7.7-million buy-back, finally found a new home as the Keeneland sale of 2-year-olds in training opened in Lexington April 6.
Keeneland's April auction is the year's fifth and final major sale of 2-year-olds in training. The results for the previous auctions have been sobering, and most consignors are expecting to have a tough time again getting the prices they want for their horses April 6 and 7 in Lexington.
Most Popular Stories
- Lord Nelson Fighting Laminitis, to Miss Breeding Season
- Deal Reached on Pegasus Starting Slot for Gun Runner
- California Chrome's Dubai Win voted Moment of the Year
- A. P. Indy Fires Another Across the Bow
- Two New Sires to California's Milky Way Farm
- NY Proposes Sweeping Equine Drug, Record Rules
- Summer Front's First Foal is a Filly
- Jockey Lane Luzzi Follows in Father's Footsteps
- Untapped Takes First Steps Toward Filling Big Shoes
- First Foal by American Pharoah Born at Brookdale Farm