{"id":9453,"date":"2012-09-21T18:37:00","date_gmt":"2012-09-21T23:37:00","guid":{"rendered":"http:\/\/www.sallyharrison.com\/?p=9453"},"modified":"2012-09-21T18:37:00","modified_gmt":"2012-09-21T23:37:00","slug":"double-digit-average-increase-at-keeneland-sale","status":"publish","type":"post","link":"https:\/\/www.sallyharrison.com\/?p=9453","title":{"rendered":"Double digit average increase at Keeneland Sale"},"content":{"rendered":"

\"\"<\/a>Keeneland’s Yearling Sale concluded today with a 14% increase from a $76,511 cumulative average in 2011 to this year’s $87,354. <\/p>\n

\u00e2\u20ac\u0153This was an extraordinary sale that was driven by the sheer number of people who attended and the high volume of trade they generated,\u00e2\u20ac\u009d said Walt Robertson, Keeneland\u00e2\u20ac\u2122s Vice President of Sales. \u00e2\u20ac\u0153There were a number of new faces as well as longtime clients, and we welcomed many returning buyers. The interest level was unlike anything we\u00e2\u20ac\u2122ve experienced in recent memory.\u00e2\u20ac\u009d<\/p>\n

Gross receipts for the 11-day sale, conducted September 10-21, totaled $219,781,500, for 2,516 horses. The RNA rate decreased by double-digits during six of the sale\u00e2\u20ac\u2122s 11 sessions, falling to unprecedented single digits during each of the final three days of the sale.<\/p>\n

\u00e2\u20ac\u0153It continues to be a highly competitive, highly selective market,\u00e2\u20ac\u009d Robertson said. \u00e2\u20ac\u0153In many cases, horses far exceeded their reserves, which meant there were several underbidders who then bought other horses to fill their orders. And while there were fewer horses who failed to meet their reserve, there was active trade in the RNA market as those horses were sold privately.\u00e2\u20ac\u009d <\/p>\n

Keeneland officials noted that buyers were out in force well into the final days of the sale, and there was greater participation during the second week this year compared to 2011.<\/p>\n

\u00e2\u20ac\u0153The high volume of trade was accomplished despite the fact that three of last year\u00e2\u20ac\u2122s top five buyers were not major players at this year\u00e2\u20ac\u2122s sale,\u00e2\u20ac\u009d said Geoffrey Russell, Keeneland Director of Sales. \u00e2\u20ac\u0153While obviously we missed them, the September Sale is so big and so strong that other buyers stepped up and absorbed their absence. The majority of international buyers attend only one American sale each year, and that is the September Yearling Sale.\u00e2\u20ac\u009d <\/p>\n

\u00e2\u20ac\u02dcIt\u00e2\u20ac\u2122s been a really solid sale because the clearance rate was higher than it\u00e2\u20ac\u2122s been in a long time, and there seemed to be good depth in the middle and lower ends,\u00e2\u20ac\u009d said Eaton Sales\u00e2\u20ac\u2122 Reiley McDonald.<\/p>\n

Consignor Beau Lane, who sold 17 yearlings for $1,379,000, concurred. “It\u00e2\u20ac\u2122s the first time (since the 2008 financial crisis) that I\u00e2\u20ac\u2122ve seen this kind of interest and activity,\u00e2\u20ac\u009d he said. \u00e2\u20ac\u0153People are really pushing to get what they want. It all goes back to supply and demand..\u00e2\u20ac\u009d<\/p>\n

Seven yearlings brought $1 million or more compared to six in 2011. A colt by Distorted Humor out of Grade 1 winner Mushka brought $1.65 million as the sale\u00e2\u20ac\u2122s highest-priced yearling. The colt was one of 17 yearlings purchased for a total of $8,250,000 by Sheikh Hamdan bin Rashid al Maktoum\u00e2\u20ac\u2122s Shadwell Estate Company Ltd., the sale\u00e2\u20ac\u2122s leading buyer.<\/p>\n

Demi O\u00e2\u20ac\u2122Byrne, on behalf of the Coolmore partnership of John Magnier, Derrick Smith and Michael Tabor, paid the sale\u00e2\u20ac\u2122s second-highest price of $1.55 million for a colt by Bernardini. Out of the Carson City mare Wilshewed, the colt is a half-brother to Grade 1 stakes winner Stormello and 2012 Del Mar Derby (G2) winner My Best Brother.<\/p>\n

A half-sister to Grade 1 winner Bodemeister was the sale\u00e2\u20ac\u2122s top-priced filly, selling for $1.3 million to Donato Lanni, as agent for John Sikura and Bruce Lunsford.<\/p>\n","protected":false},"excerpt":{"rendered":"

Keeneland’s Yearling Sale concluded today with a 14% increase from a $76,511 cumulative average in…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9453","post","type-post","status-publish","format-standard","hentry","category-racing"],"_links":{"self":[{"href":"https:\/\/www.sallyharrison.com\/index.php?rest_route=\/wp\/v2\/posts\/9453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sallyharrison.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sallyharrison.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sallyharrison.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sallyharrison.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9453"}],"version-history":[{"count":2,"href":"https:\/\/www.sallyharrison.com\/index.php?rest_route=\/wp\/v2\/posts\/9453\/revisions"}],"predecessor-version":[{"id":9456,"href":"https:\/\/www.sallyharrison.com\/index.php?rest_route=\/wp\/v2\/posts\/9453\/revisions\/9456"}],"wp:attachment":[{"href":"https:\/\/www.sallyharrison.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sallyharrison.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sallyharrison.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}