Topped by a $170,000 colt by first-crop sire The Factor, the Keeneland September yearling sale's 11th session posted gains as the auction continued to stay in positive territory overall.
Upper-level buyers stayed in Lexington Friday as Keeneland's 12-day September yearling sale rolled into its second week and the premier Book 1 sessions gave way to Book 2.
The three-day OBS August yearling sale got off to a strong start with double-digit increases in average and median.
As the start of the Keeneland September yearling sale approached, people expressed more anticipation than trepidation about the market's prospects. Read what they had to say.
Even though the National Weather Service issued an excessive heat warning for the Lexington area July 7, it didn't keep buyers and consignors away from Fasig-Tipton's Newtown Paddocks complex.
Buyers and consignors discuss their expectations for the market at the Keeneland September yearling auction.
Conchita, a half sister to group 1 stakes winner White Moonstone, sold for $370,000 to top the Nov. 11 session of the Keeneland breeding stock sale.
The cumulative average price of $181,131 and median price of $120,000 are ahead of last year's pace by 8.2% and 9.1%, respectively.
Even though the stock market has been enjoying a recent rally, buyers and sellers of young horses aren't expecting a similar rebound in yearling prices. Heading into the Fasig-Tipton Kentucky July select auction, which kicks off the 2009 yearling selling season, some people were predicting further downturns of 30% or more in key business figures, mainly because the health of the overall economy, here and abroad, remains weak.
Buyers and consignors have mostly good things to say about the Keeneland September yearling sale, which ends Tuesday in Lexington.
While many of the dams of Breeders' Cup World Thoroughbred Championship contenders are owned by famous breeders who have carefully developed their broodmare bands over decades, the dam of Juvenile Fillies (gr. I) favorite You is owned by a financially strapped university in Louisiana that is ready to cash in on her success.
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