The gross revenue for the Keeneland January horses of all ages sale in Lexington already has surpassed the total for last year’s entire auction even though one day of selling remains. In addition, with four of the five sessions completed, the number of horses sold and average price are ahead of 2010’s pace at the same point, the median is holding steady, and the buy-back rate is about the same.
But Jan. 13’s fourth session was the 2011 edition of the sale’s weakest so far. Keeneland reported that 230 horses were sold for a gross of $1,876,500. The average was $8,159 and the median was $4,200. Compared to the fourth of the five sessions in 2010, the number sold was up 15.6%. But the gross and average declined 16.4% and 27.7%, respectively, while the median dropped 16%.
The buy-back rate of 19.3% was down from 27.1% last year.
Paradise Bound, who brought $110,000, topped the fourth session and was the only horse to command a six-figure price. Roger W. Schipke, in the name of Colts LLC, purchased the 5-year-old daughter of Pulpit from Kitty Taylor’s Warrendale Sales, agent for Charlotte Weber’s Live Oak Plantation.
Offered as a broodmare prospect, Paradise Bound won two of her 11 career races and earned $72,356. Weber bred the gray or roan mare in Florida in the name of Live Oak Stud.
Paradise Bound is a half sister to Unbridled Humor (by Distorted Humor ), who captured the 2010 Memories of Silver Stakes at Aqueduct. They are out of the Unbridled mare Devotion Unbridled, who triumphed in the Miss Liberty Stakes at the Meadowlands and finished second in the Anne Arundel Stakes (gr. III) at Laurel Park in 2003.
The statistics for the first four sessions combined included a gross of $24,354,850 for the 848 horses and one stallion share that were sold. The average was $28,687 and the median was equal to 2010’s figure of $10,000. As for the other results, the number sold, gross, and average were up 4%, 6.8%, and 2.7%, respectively.
The buy-back rate was 25.9% compared to 25.6% in last year.
In 2010, the auction’s final gross was $23,895,100
The horses of all ages sale ends Jan. 13, with selling beginning at 10 a.m. (EST).