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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.
Saturday, November 01, 2008With 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).
Friday, October 31, 2008
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.
Thursday, October 30, 2008
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.
Wednesday, October 15, 2008
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.
Thursday, September 25, 2008
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.
Tuesday, September 23, 2008
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.
Thursday, September 11, 2008
No horses inspired buyers to pay dazzling seven-figure amounts during the third day of the Keeeneland September yearling sale in Lexington. But some of the results for the auction's first open session were encouraging after significant downturns during the two select sessions that kicked off the sale.
Wednesday, September 10, 2008
During the first two sessions of the 2008 Keeneland September yearling sale the Central Kentucky auction company reported 20 requests for testing for exogenous anabolic steroids.
Wednesday, September 10, 2008
Keeneland director of sales Geoffrey Russell is taking two straight days of declines in the 2008 September yearling sale in stride by saying it is just a factor of the economic world we are living in today. "This establishes what the market is," Russell said at the close of the Sept. 9 session. "Everybody is here and they have now set the table. This is what the world is today, and they have established the value of these horses."
Wednesday, September 10, 2008
Keeneland officials plan to expand their testing program for exogenous anabolic steroids in sale horses to include the April select juvenile auction. That decision came after Kentucky Gov. Steve Beshear signed emergency regulations Sept. 5 that ban the use of the common steroids boldenone, nandrolone, and testosterone in Thoroughbred and Standardbred racehorses competing in Kentucky.
Monday, September 08, 2008
Some people call the Keeneland September yearling sale a marathon because of its length: 15 sessions this year. Others think it's more like Walmart because of the large number of horses cataloged, which has risen to a record of 5,555. To Geoffrey Russell, Keeneland's director of sales, it's more like a Broadway show.
Sunday, September 07, 2008
It's crunch time for North America's Thoroughbred yearling market, which faces its biggest test when the Keeneland September sale gets under way. There are more horses cataloged than ever before, 5,555, and they will be offered over 15 sessions beginning Sept. 8 in Lexington.
Saturday, September 06, 2008Officials of Barretts, Fasig-Tipton, Keeneland, and the Ocala Breeders' Sales Co. (OBS) announced in early September that they were banding together to make major changes in the under tack shows for their sales of 2-year-olds in training. Beginning in 2009, they said they would strictly regulate the use of whips by riders during workouts and would prohibit the use of front toe grabs on horses.
Friday, September 05, 2008
Keeneland will play host to the international Thoroughbred community for the next two weeks as it conducts its 65th annual September yearling sale. The catalog is the largest in the auction's history, with 5,555 horses listed.
Thursday, September 04, 2008
Keeneland has cataloged a record 5,555 yearlings for its 2008 September yearling sale, which is scheduled for Sept. 8-23.
Tuesday, July 29, 2008
Average rises as fewer horses are sold at Keeneland April sale of 2-year-olds in training.
Wednesday, April 09, 2008
Keeneland director of sales Geoffrey Russell called Tuesday's opening session of the Keeneland April sale of 2-year-olds in training "a success." But the auction will have to seriously improve upon its first night gross of $7,127,000 in Wednesday's second session to equal or surpass last year's total of $16,637,000.
Tuesday, April 08, 2008
Cool Coal Man's half-brother is the star of the April sale's under tack show.
Monday, April 07, 2008A Jump Start colt was euthanized Monday after fracturing a tibia during the under tack show for the Keeneland April sale of 2-year-olds in training in Central Kentucky.
Monday, April 07, 2008
It's a year of big changes for the Keeneland April sale of 2-year-olds in training, which will be conducted Tuesday and Wednesday in Central Kentucky.
Sunday, April 06, 2008
Keeneland has cataloged 191 horses for its upcoming April Two-Year-Olds in Training Sale, which this year will span two evening sessions, April 8-9. Sessions begin at 7 p.m. ET each day.
Tuesday, February 19, 2008
The Keeneland January horses of all ages auction generated a sale-record median price during its seven-day run in Lexington, and its average price increased from 2007, while the gross revenue suffered a slight setback even though the number of horse sold plunged.
Sunday, January 13, 2008
Wotan sold for $380,000 during Friday's session of the Keeneland January sale.
Friday, January 11, 2008
Yes She Is sells for $240,000 on Keeneland January sale's fourth day.
Thursday, January 10, 2008
Three horses sell for seven-figure prices during January sale's second session.
Tuesday, January 08, 2008
Irish Cherry's $2.7-million price leads the way as gross and average rise at Keeneland.
Monday, January 07, 2008
Consignors are optimistic the day before the start of Keeneland's January sale.
Sunday, January 06, 2008
Foreign buyers expected to boost market at Keeneland January horses of all ages sale.
Friday, January 04, 2008
Keeneland's record-setting November breeding stock came to a close Nov. 19, setting a new standard for gross receipts of $340,877,200.
Friday, December 14, 2007
Gross, average, and median all increase in Keeneland November sale's 12th session.
Friday, November 16, 2007
A steady group of buyers continued to provide strength to the market Nov. 15 during the 11th session of the Keeneland November breeding stock sale, resulting in across-the-board increases and a clearance rate of more than 80%. A dark bay daughter of Our Emblem brought $130,000 to top the session and close the sixth catalog of the 15-day auction.
Thursday, November 15, 2007
The Keeneland November breeding stock sale's gross reached an all-time high Tuesday. The total soared to $321,774,400 Tuesday in Lexington during the ninth of the sale's 15 sessions, surpassing the former mark of $317,666,000 that had been set in 1999.
Tuesday, November 13, 2007Buyers at the eighth session of the Keeneland November breeding stock sale kept things rolling Nov. 12, pushing the gross, average, and median towards positive gains in a session-to-session comparison over 2006.
Monday, November 12, 2007
A strong mix of international and domestic buyers was active Nov. 11 at the seventh session of the Keeneland November breeding stock sale.
Sunday, November 11, 2007
Keeneland's Director of Sales Geoffrey Russell termed the Nov. 9 session of the Keeneland November breeding stock sale "a very good day at the office" as a slight drop in gross was untainted by a rising average and a strong middle market.
Friday, November 09, 2007
The fourth session of the Keeneland November breeding stock sale produced mixed results, but the cumulative gross revenue and average price continued to remain well ahead of last year's pace in Lexington.
Thursday, November 08, 2007
On a day when the U.S. stock market plunged 360 points, the Keeneland November breeding stock sale generated strong enough figures during its third session to keep the auction's cumulative gross up 13.8% and the average price up 9.9% from a year ago.
Wednesday, November 07, 2007With cumulative increases of 19.3% and 7.3% in gross sales and average price, respectively, during the first two days of the marathon Keeneland November Breeding Stock Sale, the mood within the Lexington sales pavilion was almost euphoric Tuesday, Nov. 6.
Tuesday, November 06, 2007
While the financial fireworks might not be as spectacular as they were a year ago at the Keeneland November breeding stock sale, consignors and sale company officials still are expecting prices to be solid.
Saturday, November 03, 2007
Keeneland's sale of 2-year-olds in training will be conducted earlier in April next year and will have two evening sessions and only one under tack show.
Friday, September 28, 2007Keeneland's November breeding stock sale will have 15 sessions and 5,415 lots.
Thursday, September 27, 2007
The gross revenue and median price for the Keeneland September yearling sale both were the auction's second-second highest ever, and the number of horses sold established a world Thoroughbred auction record.
Tuesday, September 25, 2007
Led by the $122,000 given for a half-sister to grade II winner Dream Rush, the Sept. 24 session of the 2007 Keeneland September yearling sale again produced lofty percentage increases over the corresponding 2006 session.
Monday, September 24, 2007
A new group of buyers, both local and foreign, were active Sept. 21 at the 11th session of the Keeneland September yearling sale, driving substantial gains and a high clearance rate. A dark bay son of champion sprinter Orientate brought $235,000 to top the session and close the sixth catalog of the 15-day auction.
Friday, September 21, 2007
A filly from the family of Mr. Greeley and Street Sense topped day 10 of the Keeneland September yearling sale. Tom Gentry, agent, bought the Hold That Tiger filly for $182,000 from Four Star Sales, agent.
Thursday, September 20, 2007
A bay daughter of Distorted Humor fetched $475,000 and topped the ninth day of the Keeneland September yearling sale as the middle market continued to show its strength by posting across-the-board gains.
Wednesday, September 19, 2007
The market showed no sign of slowing as Keeneland concluded its eighth day of the September yearling sale.
Tuesday, September 18, 2007The marathon Keeneland September yearling sale did not lose any momentum by taking a day off Sept. 14, with the following sessions on Saturday and Sunday continuing the upward tick shown during the "open" sessions of the auction.
Sunday, September 16, 2007A son of Lion Heart fetched a bid of $440,000 to top the sixth session and the close of the third catalog of the 15-day Keeneland September yearling sale. Once again, the sale company realized increases in gross, average, and median despite a slight drop in the number of horses sold.
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