Session three of the Keeneland January horses of ages sale in Lexington was brightened by the most expensive yearling sold so far, a $390,000 son of Maria's Mon. But the auction's key business figures remained grim when compared to 2008's results.
Read what consignors and buyers had to say about the market at the Keeneland January horses of all ages sale.
A Maria's Mon colt became the highest-priced yearling sold at the Keeneland January horses of all ages sale so far when he was purchased for $390,000 by Florida pinhooker Jimmy Gladwell in the name of Ferguson Valley Ranch Jan. 14 in Lexington. The immediate underbidder on the handsome chestnut was Brian Graves, who is the director of public sales for the Beck family's Kentucky-based Gainesway Farm.
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%.
One day after buying back Azeri for $4.4 million at the Keeneland January horses of all ages sale, Michael Paulson indicated that the 2002 Horse of the Year would be remaining under the control of the Allen E. Paulson Living Trust even though he had expressed a desire to sell her privately.
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%.
Azeri failed to find a new home during the opening session of the Keeneland January horses of all ages sale Jan. 12 in Lexington. Michael Paulson, saying she was "like part of the family," bought back the 2002 Horse of the Year for $4.4 million. Last year, Paulson set a world Thoroughbred auction record when he bought back Azeri's s first foal, Vallenzeri (by 1992 Horse of the Year A.P. Indy), for $7.7 million at the Keeneland September yearling auction.
Grade I winner Island Fashion, who is in foal to 2004 Horse of the Year Ghostzapper, sold for $950,000 around noon during the Jan. 12 opening session of the Keeneland January horses of all ages auction in Lexington. Naohiro Hosoda of the Shadai Corp. wrote the name of Katsumi Yoshida, the owner of Northern Farm in Japan, on the sale ticket.
Elusive Diva, a grade III winner on turf and dirt, provided a bright spot early in the Keeneland January horses of all ages sale in Lexington, bringing $825,000 as hip No. 9 Jan. 12.
Azeri and Island Fashion will be in the spotlight as the Keeneland January horses of all ages sale starts its six-day run in Lexington Jan. 12. Azeri was the 2002 Horse of the Year while Island Fashion was a grade I winner.
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.
Keeneland kicks off its 2009 selling season on Jan. 12 in Lexington with its January horses of all ages auction. Scheduled to be offered during the opening session of the six-day auction is 2002 Horse of the Year Azeri, who is in foal to 2004 Horse of the Year Ghostzapper.
Domino Stud of Lexington is streamlining its operations. More than 20 horses, including Domino's breeding stock, will be offered at the Keeneland January horses of all ages sale through Meg Levy's Bluewater Sales.
Barretts has cataloged 315 horses for its 2009 January mixed sale. The auction will be held Jan. 26 in the Hinds Pavilion, which is located on the grounds of Fairplex Park in Southern Caliofornia. The sale will begin at 11 a.m. (PST).
Splash of Vanilla, a filly by Ballado Chieftan, probably will attract plenty of attention at the upcoming Keeneland January horses of all ages sale because of her golden color. She is registered as a palomino.
Number of horses sold, gross, average, and median fall Wednesday at Keeneland.
Three horses sell for seven-figure prices during January sale's second session.
The Keeneland January sale begins Monday. Alan Porter looks at the best TrueNick ratings for the first session.
Keeneland has cataloged 2,547 horses for its 2008 January horses of all ages sale to be held Jan. 7-13, the sale company announced Nov. 21.
Keeneland has cataloged a record 2,933 lots, including four stallion shares, for its 2007 January horses of all ages sale.
The catalog for the 2007 Keeneland January sale contains a record number of horses and will last a day longer than this year's edition.
The Barretts January mixed auction experienced moderate growth in gross revenue and a big gain in average price during its two-day run that ended Tueday in Southern California.
There weren't any million-dollar broodmares or yearlings Monday during the opening session of the Keeneland January sale in Lexington. But the auction didn't need any seven-figure fireworks. Business was strong enough to boost the gross revenue, average price, and median price by more than 40% apiece from last year.
Following blockbuster September yearling and November breeding stock auctions, Keeneland has catalogued a record number of horses to its annual January sale.
The Ocala Breeders' Sales Company's 2004 Winter Mixed Sale begins a four-day run on Jan. 19th. A total of 1090 lots are cataloged for the sale, which begins with 240 horses in a Consignor Preferred Session. Sessions begin daily at 11 a.m.
Barretts' winter mixed sale will be slightly larger in 2002 than it was in 2001. The catalogue has 541 lots, an increase from the 532 that were listed earlier this year. The sale will be conducted Jan. 22 and 23 in Pomona, Calif.
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