{"id":11258,"date":"2014-09-23T08:28:34","date_gmt":"2014-09-23T13:28:34","guid":{"rendered":"http:\/\/www.sallyharrison.com\/?p=11258"},"modified":"2014-09-23T08:28:34","modified_gmt":"2014-09-23T13:28:34","slug":"market-stability-marks-keeneland-yearling-sale","status":"publish","type":"post","link":"https:\/\/www.sallyharrison.com\/?p=11258","title":{"rendered":"Market stability marks Keeneland Yearling Sale"},"content":{"rendered":"

\"\"<\/a>Lexington, Ky – The Keeneland September Yearling Sale, the world\u00e2\u20ac\u2122s premier Thoroughbred auction, closed Sunday, Sept. 21, 2014, with results nearly equal to 2013, continuing a healthy trend toward market stability.<\/p>\n

Gross receipts for the 13-day sale, held Sept. 8-21, totaled $279,960,500. A total of 2,819 yearlings were sold versus 2,744, for $280,491,300, in 2013. The average price of $99,312 was down 2.8 percent from $102,220 last year. The median remained the same as last year, at $50,000.<\/p>\n

\u00e2\u20ac\u0153The success of this sale flows from the fact that we continue to operate in a fair, realistic market,\u00e2\u20ac\u009d said Keeneland vice president of sales Walt Robertson. \u00e2\u20ac\u0153We had a significant improvement in results the last two years. Now we\u00e2\u20ac\u2122re seeing consistency and stability in the market, which fuels optimism, heightens buyer confidence, and spurs competition.\u00e2\u20ac\u009d <\/p>\n

Trade in the upper middle market, defined as horses sold for $400,000 or more, proved exceptionally strong despite 113 fewer horses cataloged. Thirteen yearlings sold for $1 million or more, including two for the sale-topping price of $2.2 million each, compared to 18 last year. Altogether, 121 yearlings brought $400,000 or more each versus 105 sold in that price range in 2013.<\/p>\n

Further indication of the sale\u00e2\u20ac\u2122s strong performance lies in the fact that during the first weekend and week 2 of the sale, the highest-priced yearling of each session exceeded the top price for the corresponding session in 2013. In each of those sessions, a yearling sold for $100,000 or more.<\/p>\n

\u00e2\u20ac\u0153There was all-out competition for horses from start to finish, and buyers were more determined to go home with horses,\u00e2\u20ac\u009d said Keeneland director of sales Geoffrey Russell.<\/p>\n

In addition to the U.S., Europe and Dubai, buyers from Saudi Arabia, Qatar, Japan, Korea, Russia, and Central and South America were also active at the sale. <\/p>\n

John Ferguson, bloodstock adviser to Sheikh Mohammed bin Rashid Al Maktoum of Dubai, was the sale\u00e2\u20ac\u2122s leading buyer, acquiring 22 yearlings for $7.88 million. The second-leading buyer was Ben Glass, agent for leading U.S. owners Gary and Mary West, who purchased 29 horses for $7,805,000.<\/p>\n

This year colts by two of the world\u00e2\u20ac\u2122s most successful stallions each brought the sale-topping price of $2.2 million. The first was a son of War Front consigned by Claiborne Farm and purchased by M.V. Magnier. Sheikh Hamdan bin Rashid Al Maktoum\u00e2\u20ac\u2122s Shadwell Estate Company Ltd. bought the second top-priced yearling, a half-brother by Tapit to Breeders\u00e2\u20ac\u2122 Cup Juvenile (G1) winner New Year\u00e2\u20ac\u2122s Day, consigned by Clearsky Farms, agent.<\/p>\n

For the third consecutive year, Tapit, who stands at Gainesway, in Lexington, was the sale\u00e2\u20ac\u2122s leading sire, with 36 yearlings that grossed $21,725,000. The average price for his yearlings was $603,472, the highest average for a sire at the September Sale since 2007, when 23 yearlings by A.P. Indy sold for an average of $858,043.<\/p>\n

Moyglare Stud Farm paid $1.5 million for the sale\u00e2\u20ac\u2122s top-priced filly, a daughter of Medaglia d\u00e2\u20ac\u2122Oro and a half-sister to Grade 1 winner Nereid. She was consigned by Royal Oak Farm.<\/p>\n

During Sunday\u00e2\u20ac\u2122s final session, Keeneland sold 178 horses for $1,913,300, for an average of $10,749 and a median of $6,000. There was no comparable session for last year\u00e2\u20ac\u2122s 12-day sale. Lisa Orth paid the day\u00e2\u20ac\u2122s top price of $120,000 for Fort Hope, a colt by Fort Prado out of the Vindication mare Zindi. The colt was consigned by MJK Bloodstock, agent.<\/p>\n

Keeneland\u00e2\u20ac\u2122s next sale will be the November Breeding Stock Sale, to be held Nov. 4-14. <\/p>\n","protected":false},"excerpt":{"rendered":"

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