The JRHA started the July sale in 1998, offering both foals and yearlings. But from 1999 through this year, only foals were sold. According to a JHRA press release, it is making the change next year because the demand for top quality yearlings has increased significantly in Japan's bloodstock market.
The Japan Racing Horse Association (JRHA) has announced a new format for the July select sale next year that will include yearlings along with foals. The auction's first session, featuring yearlings, is scheduled for July 10 at the Northern Horse Park on the Japanese island of Hokkaid. It will be followed by sessions featuring foals on July 11 and 12.