Gross declines 44.8%, and median drops 25.9% from a year ago.
Mare was expected to be one of top sellers during Keeneland auction's first session.
Breeders and consignors saw a little light at the end of a long, dark financial tunnel during last November's Keeneland sale, and they're hoping the glimmer will get a little brighter during Keeneland's January auction.
These horses could bring high prices as the Keeneland auction kicks off Jan. 11.
Listed are horses that could bring high prices, based on their pedigrees or horsemen's comments, during the second session of Keeneland's horses of all ages sale.
Grade I winner Student Council, who stands at Ro Parra's Millennium Farms near Lexington, had his first foal hit the ground when a colt was foaled at Millennium Jan. 4.
Keeneland officials hoping demand is solid for short yearlings in January sale.
The 35,000-square-foot structure is 2 1/2 stories tall.
The market for quality stock was pretty solid, according to buyers and consignors participating in the first week of the Keeneland November breeding stock sale.
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.
Cotton Blossom, winner of the 2007 Acorn Stakes (gr. I), became the most expensive horse sold so far at the Keeneland November breeding stock sale when she brought $2.3 million during the auction's second session Nov. 11 in Lexington.
Summer Raven, winner of the 2004 Tempted Stakes (gr. III) and in foal to Unbridled's Song, became the first horse to bring seven figures Nov. 11 during the second session of the Keeneland November breeding stock auction in Lexington. Offered around noon (EST), she sold for $1.7 million to Kentucky bloodstock agent Reynolds Bell.
The struggling Thoroughbred marketplace stumbled badly yet again as the Keeneland November breeding stock auction opened its 13-day run in Lexington Nov. 10.
The final bid on Swift Temper was $2,050,000, but it came from her owner, Mark Stanley, so she didn't find a new home Nov. 10 during the opening session of the Keeneland November breeding stock sale in Lexington. Taylor Made Sales Agency consigned the 5-year-old daughter of Giant's Causeway to the auction for Stanley as a racing or broodmare prospect.
It's a sad good-bye. Bohemia Stable, the successful breeding and racing operation of the late Allaire du Pont, has announced it will completely disperse its horses -- 13 broodmares and weanlings. The horses will be consigned to auction over the next three months with Walnut Green as the agent.
People listening closely to the announcements from the auction stand during the Fasig-Tipton Kentucky fall yearling sale heard something new during the auction's three-day run (Oct. 26-28) in Lexington. For the first time, Fasig-Tipton told prospective buyers when a horse's stem cells had been collected and stored.
Leonard Lavin's Florida-based Glen Hill Farm was a powerful buying force during the Fasig-Tipton Kentucky fall yearling sale's second session, which generated a median price that was up 25% from a year ago. The average price fell 4.4% while the gross revenue declined 12.3% Oct. 27 in Lexington.
The news wasn't all bad during the opening session of the Fasig-Tipton Kentucky fall yearling sale Oct. 26 in Lexington. The median price increased 20% from 2008 while the buy-back rate was down significantly. The results also included downturns of 11% in gross revenue and 6.4% in average price, but they weren't nearly as severe as those suffered by many other yearling auctions earlier in 2009.
Fasig-Tipton's Kentucky fall yearling sale isn't as fancy as the company's Saratoga and Kentucky July select auctions, but as a producer of Kentucky Derby Presented By Yum! Brand (gr. I) winners, it stands out. Big Brown, who captured the Run for the Roses in 2008, and Mine That Bird, who scored in the first leg of the Triple Crown this year, both are graduates of the October sale.
University of Kentucky College of Agriculture's Nancy Cox will be one of Kentucky's visionaries and innovators honored at Bluegrass Tomorrow's 20th Anniversary Vision Awards/InnoVision Breakfast Oct. 30 at the Hyatt Regency in Lexington.
Fasig-Tipton, which introduced its virtual catalog concept last year for its Kentucky November select mixed sale, has made a number of technical enhancements since then. The improvements can be seen in the virtual catalog for this year's edition of the November auction, which appears on the sale company's Web site: www.fasigtipton.com.
Fasig-Tipton has cataloged 153 horses for its November select mixed sale, which will be held in Lexington Nov. 10, beginning at 5 p.m. The number is down 18.6% from last year's total of 188.
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.
An Unbridled's Song colt brought $185,000 to top the ninth session of the struggling Keeneland September yearling sale. While the number of horses sold Sept. 23 in Lexington rose 5.6% from a year ago, the gross revenue declined 26.2%. The average price dropped 30.1%, and the median price plunged 40%. The buy-back rate fell from 24.6% in 2008 to 19.3% this year.
From the very beginning of the Keeneland September yearling sale in Lexington, it was apparent that there would be a major correction in the market for young horses as key business figures suffered significant setbacks. Here are comments from auction participants during the first week of the 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 first session of Keeneland's marathon September yearling sale concluded Sept. 14 with major declines in gross, average, and median prices.
Here is a list of horses that consignors and buyers think could be standouts Sept. 15 during the second session of the Keeneland September yearling sale in Lexington.
One day prior to the Sept. 14 start of the Keeneland September yearling sale in Lexington, there was a lot of uncertainty about how the market would perform at a time when the economy was continuing to struggle. There also were some questions about what was going on around the sale grounds. Here they are, and here are their answers.
Here is a list of horses that consignors and buyers think could be standouts Sept. 14 during the first session of the Keeneland September yearling sale in Lexington.
The weekend before the Sept. 14 start of the Keeneland September yearling sale in Lexington, the auction's participants were worrying about the market and trying to guess how much it would be down from 2008. But some consignors were pleasantly surprised by how many people were looking at their horses. Here is what some of them had to say.
- By Esther Marr
A painting worth thousands left in the trash has since prompted a zeal-filled quest for Gordon Burnette to give acclaim to the long forgotten, but well-revered 19th century equine artist Thomas J. Scott.
Despite losing to Birdstone in heartbreaking fashion in the Belmont, Smarty Jones touched Madison Scott's heart. And from that point on she became "Smarty's No. 1 Fan," an unofficial title that became official July 6 when Three Chimneys Farm and Smarty's owner, Pat Chapman, arranged for the 15-year-old Scott to spend a week with her favorite horse.
The number of horses cataloged to the 2009 Keeneland September yearling sale fell 6.6%, from an all-time high of 5,555 for the auction last year to 5,189. According to Geoffrey Russell, Keeneland's director of the sales, the weakening of the Thoroughbred market in general -- because of problems within the horse industry and economic difficulties around the world -- was an important factor in the decline.
Afleet Alex got his first winner as a sire July 28, but just barely. His son Kratisto broke his maiden by a head at Delaware Park.
The Fasig-Tipton July select yearling sale, held July 20-21 in Lexington, ended with significant setbacks in gross revenue, average price, and median price, but managed to lower its buy-back rate from a year ago slighty. Read what sale company officials and sale participants had to say about the market.
"You can call it a midlife crisis or whatever you want, but it's the best thing I've ever done," said pinhooker Murray Smith of her move earlier this year to Southern California from the Ocala area in Central Florida.
Fasig-Tipton's July select yearling sale ended with a bang instead of a whimper in Lexington, getting a boost from the progeny of the hot stallion Medaglia d'Oro. Even though the key business figures were down from the previous year, the final day produced the auction's highest price and results that were stronger than the opening day's statistics.
The declines were in line with expectations during the opening session of the Fasig-Tipton July select yearling sale. Buyers and consignors had predicted the market would be down significantly, and there were no surprises July 20 in Lexington.
Even though the stock market has been enjoying a recent rally, buyers and sellers of young horses aren't expecting a similar rebound in yearling prices. Heading into the Fasig-Tipton Kentucky July select auction, which kicks off the 2009 yearling selling season, some people were predicting further downturns of 30% or more in key business figures, mainly because the health of the overall economy, here and abroad, remains weak.
This is a list of horses that consignors and buyers consider to be among the top prospects during the first session of the Fasig-Tipton Kentucky July select yearling sale July 20 in Lexington.
This is a list of horses that buyers and consignors considered to be among the top prospects during the second session of the Fasig-Tipton Kentucky July select yearling sale July 21 in Lexington.
Sandy Stuart is the new director of sales for Bluegrass Thoroughbred Services, and he's finding out what it's like being in charge of a consignment for the first time at the Fasig-Tipton Kentucky July select yearling auction in Lexington.
Read what people have been saying about their expectations for the Fasig-Tipton July select yearling sale, which is scheduled for July 20 and 21 in Lexington.
The Thoroughbred Owners and Breeders Association recently announced its annual list of recipients of its state breeder of the year awards. The winners will be honored at an awards ceremony Sept. 10 at Keeneland.
The Thoroughbred Owners and Breeders Association announced July 14 it will hold a Thoroughbred Pedigree and Conformation Clinic Aug. 11 in Saratoga Springs, N.Y.
Fasig-Tipton has cataloged 494 horses for its Kentucky July select yearling auction. The number is down 13% from last year's total of 568.
As part of an expanding mission to enhance services to its consignors and buyers, Fasig-Tipton has recently added Reed Ringler to its marketing staff at the company's headquarters near Lexington.
There's a new president in town, and a Congress even more dominated by Democrats, but one of the nation's top lobbyists for equine interests said April 30 that the horse industry must be ever-diligent about protecting and advancing its positions in Washington, D.C.
Preston Madden, who bred Alysheba, called the 1988 Horse of Year and racing Hall of Fame member "a gift from heaven" during a memorial service for the pensioned stallion at the Kentucky Horse Park near Lexington April 29.
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