Solid results from Book 1 that carried into Book 2 of the Keeneland September yearling sale signal what Keeneland president Bill Thomason believes is key: stability in the market.
"I loved the first part of the sale this year because it showed stability from last year," Thomason said. "I'm happy to see the stability people have been looking for for so long. Book 2 started on a high note, and there are so many people on the grounds looking at horses. There are signs of a continued healthy market—healthy but also realistic."
Thomason noted an increasing number of sale participants are both selling and racing their stock, which he called "a good sign for racing around the country." He said good purse structures are "the economic driver that provides an option for breeders" whose yearlings don't bring the desired price in the sale ring.
The Keeneland November breeding stock sale catalog will be released soon. Thomason said early indications bode well for "the depth and number of buyers" that will participate.