Main menu

Pages

Keeneland Book 1 wraps in a strong session

On the second day of the Keeneland September Yearling Sale on Sept. 13, buyers are hungry for quality specimens to appear in future books, while shippers and breeders are looking forward to seeing the 13-year-old Yearlings available only on Tuesdays. Excited to see it hit the 7-figure mark.

$1.8 million Constitution colt topped the session and sold it to Louisiana-based Lynnhaven Racing. A TaylorMade distributor commissioned the foal to breeder China Horse Club as Hip 311.

(LR): Jim Bernhardt, Matt Weinman, Frank Taylor, and Duncan Taylor at the Keeneland September Yearling Sale in Keeneland, Lexington, Kentucky on September 13, 2022.
Photo: Anne M. Eberhardt

(LR): Jim Bernhardt, Matt Weinmann, Frank Taylor, Duncan Taylor after selling Hip 311

“By the end of day one, the momentum was almost euphoric. And by day two, you’re asking, ‘Can we sustain this?'” Keeneland Sales Vice President Tony Lacy said: “In racing terms, we hit the wire hard. The last few hours ended with euphoria throughout the session.”

Tuesday’s top 10 prices were covered by eight separate institutions, and the buy benches proved deep.

Apply

Session 2 figures show that 106 of the 138 horses have a median price of $533,632 and a median of $462,500 for a gross income of $56,565,000. There were 32 individuals who failed to meet the reserve to represent an RNA rate of 23.1%, and compared to 2021 he marked a significant decrease of 33.3%.

In the second session of 2021, 112 of the 160 horses offered were sold at an average price of $466,964 and a median price of $400,000 for gross revenue of $52,300,000. His 48 horses failed to fill reserves, with an RNA rate of 30%.

European blood stock agent Richard Knight ended up making five purchases worth $4,150,000, making him the day two major purchaser overall. Three of his purchases crossed the seven-figure threshold.

Keeneland President Shannon Irvine said, “We are grateful to our sellers, breeders and consignors for collaborating on this format and believing in us in trying to put together the best Book 1 possible.” and CEO. “I’ve heard from many buyers that they’re trying to be shortlisted, but the shortlist has been long. They said there are so many good horses here, which is great, and the results speak for themselves. think”

This day can be seen as an affirmation of the sales company who worked hard to bring together the top management of the crop in front of industry buyers and introduce high quality individuals in the first week.

Keeneland Rep Tony Lacy at the Keeneland September Yearling Sale on September 13, 2022 in Keeneland, Lexington, Kentucky.
Photo: Anne M. Eberhardt

Keeneland’s Tony Lacey

“I was hearing a lot of feedback from buyers. There was a lack of consistency and tension about whether the horses were in the best place on the market, and I think that’s been evident over the last few years.” Put it in front of people and the market will handle itself.There were a lot of horses that encouraged us to move forward and it was part of a million dollar sale and probably ended. I usually upload it to Book 2.”

A major shipper for many years, the Taylor Made Sales Agency, sold 9 cows for a receipt of $5,410,000, making it the leading shipper in gross terms.

Industry heavyweight OXO Equine’s Larry Best, responsible for buying one of the top-selling yearlings, summed up the market on Tuesday with the word ‘rich’.

Cumulatively, 224 of the 282 horses sold for $114.52 million, representing a 26.3% increase over 2021. Similarly, the cumulative average ($511,250) increased by 17.3% and the median ($450,000) increased by 28.5%. An RNA rate of 20.6% represents 58 horses that failed to meet reserves.

“When session 2 averaged $533,632 and the cumulative average is $511,250, it’s really encouraging,” says Lacy. “Looking at the diversity, 13 horses brought in over a million horses from large to small breeders, so everyone got in on the act. Many were very happy with the results. The demand for quality horses exceeded our expectations.”

At this point in 2021, 208 of the 316 horses sold for a gross revenue of $90,622,000 with an average price of $435,683 and a median of $350,000. An RNA rate of 34.1% represents 108 horses that failed to meet reserves.

“Twenty-two horses making over $1 million is a step back in time to the strong sales in 2018 and 2019, pre-pandemic. I’m here.

Scenics, Keeneland September 2022 Yearling Sale
Photo: Keeneland Photography

Book two barns full of action

Volume 2 begins on September 14th at 11:00am with Hips 380-758 going through the ring. As of Tuesday evening, 55 horses had withdrawn from Session 3.

Lacy added: Obviously, the mean and median may be adjusted, but many good horses are down the pike. ”

.

Comments