On heels of some strong days, the Keeneland November breeding stock sale hit a soft spot. The average price on day nine of the 11-day sale dropped 33% to $11,308 and the median fell 30% to $7,000.
A total 254 horses found new homes Nov. 14, bringing gross sales of $2,872,300 compared with the same session of 2011 when 260 horses sold for $4,391,700.
Excluding results from the premier Edward P. Evans and Palides Investments dispersals held in 2011, the overall results for the mixed sale continued to track higher. Through day nine, 2,006 horses had been sold this year for $140,061,100, which is up 5.38% from $132,915,600 in 2011 when 1,965 horses were sold. The average price of $69,821 is up 3.2% from $67,642 last year, while the median of $30,000 is up 11.1% from $27,000.
Out of the stakes-winning Storm Cat mare Storm Alert, Storm Crossing is a half sister to 2012 Inglewood Handicap (gr. I) winner Utopian. She was consigned by Lane's End, agent, as a racing or broodmare prospect.
The second-highest price of the day was brought by grade III stakes winner Machen, a son of Distorted Humor , who sold as a stallion prospect for $70,000. J. Michael Baird bought the colt, who is the first foal out of the graded stakes winner Ready's Gal (by More Than Ready ). Machen was also consigned by Lane's End as agent.
The November Sale continues through Nov. 16. Sessions begin daily at 10 a.m. EST. The entire sale is streamed live at keeneland.com.