One day prior to the Sept. 14 start of the Keeneland September yearling sale in Lexington, there was a lot of uncertainty about how the market would perform at a time when the economy was continuing to struggle. There also were some questions about what was going on around the sale grounds. Here they are, and here are their answers.
Legends Racing, which was 2008's biggest-spending new shopper at Thoroughbred yearling sales, is preparing for its inaugural season at the racetrack. According to Olin Gentry, one of the venture's founders, the stable's 39 horses have been divided equally among Legends' three trainers--Bob Baffert, D. Wayne Lukas, and Nick Zito--and are in Florida being prepared for competition.
After its ninth day, which produced a session-topper of $400,000, the marathon Keeneland September yearling sale business-wise remained down. But given recent developments on Wall Street, overall economic stagnation, and the aftermath of hurricanes, things could be much worse, consignors said.
When the second session of the Keeneland September yearling sale ended Sept. 9, Olin Gentry and trainer Bob Baffert of Legends Racing rushed to the barn area to look at more horses and get ready for the next day's selling. It's been a busy auction, so far, for the new racing venture, whose formation was announced just prior to the Belmont Stakes (gr. I) in June when a presentation was made to potential investors in New York.
A son of A.P. Indy continues to top the second session of the Keeneland September yearling sale with a price tag of $1.5 million. The second highest price of the day--$1.25 million--belongs to a daughter of Giant's Causeway purchased by Troy Steve Bloodstock.
Legends Racing made a powerful debut as a Thoroughbred buyer at the Fasig-Tipton Saratoga select yearling auction, which ended its two-night run Aug. 5 in New York.
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