Anne M. Eberhardt

Keeneland's Gross Sales Up Again

Gross receipts for Friday's session totaled $20,399,700, up 23.22%

(Keeneland release)

Gross sales rose for a third consecutive day on Friday at Keeneland’s November breeding stock sale, led by the sale of Dancing Shoes, in foal to Unbridled's Song, for $400,000. 
Gross receipts for Friday’s session totaled $20,399,700, up 23.22% from the $16,556,000 posted last year. The session average of $83,605 increased 1.5% from $82,368 recorded in 2008, while the median of $60,000 was down 7.69% from last year’s $65,000. A total of 244 horses were sold this year compared to 201 in 2008.

“There is a sense of realism at this sale; it is much more consistent,” said Geoffrey Russell, Keeneland’s director of sales. “There is a lot more American participation and a number of different people buying horses. Those are good and healthy signs.”

Following four days of selling, gross sales totaled $118,884,200, down 9.4% from $131,281,000 in 2008. Average decreased 17.11% from $181,327 to $150,296.  The median of $95,000 was down 5% from $100,000 recorded last year. 

For complete results from this sale, including Hip-by-Hips and cumulative sale results, click here.

“People have come to an understanding of where we are in this market,” Russell said, commenting on the not sold rate, which was down 46.13% on Friday. “The credit goes to the consignors in their appraisals. It’s a very difficult market, but consignors have obviously adjusted very well.”

Horse France went to $400,000 to purchase Dancing Shoes to top Friday’s session. By Danehill, the 9-year-old Dancing Shoes is out of the stakes-winning Affirmed mare Emmaline, a half-sister to champion and sire Bates Motel and group I winner and sire Super Asset. She was consigned by Four Star Sales, agent for Glencrest Farm.

Vienna Affair, in foal to Rahy, brought the day’s second-highest price of $380,000 from Bob Feld, as agent for Sagamore Farm. A 4-year-old daughter of Red Ransom, Vienna Affair is a half-sister to European stakes winners Crowded House and On Reflection. She was consigned by Royal Oak Farm, agent.

A colt from the first crop of Corinthian, purchased for $260,000 by Dowdy Draw Farm, was the session’s top weanling. Consigned by Highclere Sales, agent, the colt is out of the stakes-winning Silver Deputy mare Silver Lace.