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.
Keeneland has cataloged 212 juveniles for its April Two-Year-Olds in training sale, to be held Monday and Tuesday evenings, April 6-7. Sessions begin at 7 p.m. ET. The Preview Show will be held Thursday, April 2, beginning at 10:30 a.m.
The final results of the Keeneland January horses of all ages sale in Lexington were sobering, with setbacks of 53.4% in gross revenue, 48% in average price, and 44.1% in median price from a year ago. But they weren't anything new to the people who market Thoroughbreds.
The Keeneland January horses of all ages sale continued its scary downward spiral during the second session of its six-day run in Lexington. The gross revenue Jan. 13 dropped 66.2% from a year ago while the average price fell 61.6%. The median price plunged 55.8% while the number of horses sold was down least of all, 12.1%.
The results were grim, but not surprising, as Keeneland opened its January horses of all ages sale in Lexington during a time of worldwide economic downturns. The gross revenue Jan. 12 plummeted 44% from the auction's first session in 2008 while the average price dropped 45.9%. The median price suffered the most damage, falling 50.9%.
The Thoroughbred marketplace ended 2008 with dramatic declines, and all signs point to more tough times ahead as Keeneland gets ready to open its 2009 selling season with its January horses of all ages auction in Lexington.
Azeri, 2002 Horse of the Year and three-time champion older mare, in foal to 2004 Horse of the Year Ghostzapper, highlights Keeneland's January Horses of All Ages Sale, to be held Jan. 12-17.
In a departure from the first four sessions of the Keeneland November breeding stock sale, in which broodmares or broodmare prospects were the session sale toppers, the highest-priced offering sold Nov. 7 was a weanling, a son of Giant's Causeway out of the winning Dixieland Band mare Queen's Music, who brought $310,000.
It was more of the same for the fourth session of the 2008 Keeneland November breeding stock sale Nov. 6 at the Central Kentucky auction house as the number of horses sold, gross, average, and median all fell from last year's marks.
The marketplace continued to take a pounding from negative economic forces outside the Thoroughbred industry during the third day of the Keeneland November breeding stock sale in Lexington. Compared to 2007, the Nov. 5 session was down 42.1% in gross revenue, 33.3% in average price, and 36.5% in median price. The buy-back rate soared from 20.9% last year to 28.2% this year.
Day two of the 2008 Keeneland November breeding stock sale Nov. 4 closed with downturns in gross, average, and median.
The opening session of the Keeneland November breeding stock sale generated some fireworks, but the results were a lot less spectacular than in 2007 when the gross revenue ($109,064,000) and the number of horses sold for $1 million or more apiece (28) established world Thoroughbred auction records for a single sale session. Also last year, Playful Act set a $10.5-million world mark for a broodmare or broodmare prospect, which since has been eclipsed by Better Than Honour's $14-million price.
Consignors are steeling themselves and their clients for a significant downturn in the market at Keeneland's breeding stock sale, which starts Nov. 3 in Lexington and runs for 15 days. But they also are hoping that the drop in prices will bring out the bargain hunters, who could help reduce the severity of the setbacks, which seem inevitable during the current global financial crisis and Thoroughbred auction slump.
With the economy struggling and the buy-back/no bid rates at Thoroughbred auctions rising, the issue of unwanted horses is a growing concern. Antony Beck, president of Gainesway Farm in Lexington, decided to try to do something about by sponsoring an adoption service on the Web site of The Blood-Horse's sister publication, The Horse (www.TheHorse.com).
The Keeneland November breeding stock sale traditionally has been a market primarily for broodmares and weanlings, but a growing segment of the auction in recent years has been horses in training.
- By Ryan Conley
Although Keeneland has announced it has been retained to market the 20% minority interest in reigning Horse of the Year Curlin, a pending motion in a Kentucky court is asking for the current sale process to be halted.
Keeneland has cataloged 5,709 horses for its November breeding stock sale, setting a world record for a Thoroughbred auction. The total exceeds the previous mark of 5,555 for this year's Keeneland September yearling sale and is up by 294 lots from the former November sale mark of 5,415.
The Keeneland September yearling sale closed out its 15-session run in Lexington with downturns in every key business figure and gross revenue that fell short of last year's total by a whopping $57,019,500. But even though the setbacks were significant, many participants in the auction were pleased by its performance at a time when the nation is reeling from a financial meltdown and there are growing economic woes abroad.
Despite a filly by Medaglia d'Oro selling for $1.1 million and the session realizing a 3.9% increase in the number of horses sold compared to last year, day four of the 2008 Keeneland September yearling sale Sept. 11 saw declines in gross, average, and median.
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