October 6, 2022


News and Update

Document worth cuts for September curiosity gasoline in Keeneland

With not all demand quenched for the earlier books in the course of the September 2022 Anniversary Ebook Sale in Keeneland, the 5-session Ebook Truthful ending September 22 in Lexington delivered the numbers. stronger when gross sales hit a document.

This 12 months, the Keeneland September Yearling Sale on Thursday grew to become the highest-grossing public sale in Keeneland’s historical past after one session pushed the overall to $399,940,000. The earlier document of $399,791,800 was set in the course of the September 2006 Sale.

With two classes remaining, a complete of two,597 horses bought by the ring marks a 15.7% improve over the identical interval final 12 months when 2,545 horses have been bought by the ring for $360,579,000. The $158,831 median worth is up 12% from $141,681, whereas the $85,000 median is 13.33% larger than 2021’s $75,000 common.

“This milestone was achieved by the persistence, power and laborious work of a neighborhood of our breeders, sellers and patrons. Chief Govt Officer Shannon Arvin.” It’s an thrilling time in our sport, and as we noticed on the September Sale, there’s numerous need to personal racehorses. It is a second we have a good time with the complete Purebred trade.”

Photograph: Anne M. Eberhardt

Shannon Arvin

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Paramount Gross sales consignee Pat Costello was delighted to see continued curiosity within the tenth session of Thursday’s sale.

“It was one other nice day,” Costello stated. “I believe it’s all backed up. Earlier patrons backed up with their buy so now they’re discovering issues to crave in later books and others are nonetheless as enthusiastic as they have been right this moment. It’s a terrific market.”

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Pushed by that curiosity, Keeneland reported that 308 crested birds have been bought within the ring for $10,335,000 for the session. The median worth is $33,555 and the median is $25,000. These numbers are up from final 12 months’s tenth session when 305 rings bought for $9,222,000, the median was $30,236 and the median was $23,000.

It’s not an ideal comparability as final 12 months’s tenth session was the second last session within the sale whereas two extra classes (Ebook 6) are nonetheless up for this 12 months. Whereas that’s notable, it’s nonetheless spectacular that the tenth session of this 12 months noticed a 12.4% achieve, a ten.6% common achieve, and an 8.7% common achieve.

John Greathouse III stated his shoppers, Al and Arlene London, skilled the crash Costello referenced earlier than heading to $190,000 on Thursday to land Sky Mesa diminutive from Speight’s Comete — an ideal sister to many tier 2 winners and a profitable male Munnings .

Greathouse says of longtime clients of his household’s Glencrest ranch: “They’ve been attempting to come up with a craving with this sale however in earlier books they’ve had no luck; up to now The value continues to be fairly excessive.” .

Keeneland’s vp of gross sales, Tony Lacy, stated it’s nice to see momentum deepening on this 12 months’s sale.

“It is a purpose all of us work laborious to realize, and we respect the sellers and patrons which have believed in us and the adjustments we’ve made to the Low cost format. September costs,” Lacy stated. “The large success of Ebook 1 has created momentum for the sale and continues into the ultimate days to come back. Two extra classes left and we nonetheless have many lovely horses which have but to be bought.”

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A 12 months in the past, Greathouse hit $145,000 to land Click on Formation to a Londoner, a son of Tapiture who received her maiden particular weight class debut in August at Ellis . Park. That buy will show to be Keeneland’s September 10, 2021 buying and selling session however will rank fourth right this moment.

“Costs are clearly nonetheless sturdy for those who’re paying $190,000 for a ebook in Ebook 5. We purchased as much as $145,000 on Faucet in Formation and he was the one who opened the corresponding session final 12 months. So, it was a terrific sale,” Greathouse stated. “Keeneland did a terrific job placing this stuff collectively. They’ve patrons right here who’re hungry to purchase horses.”

About three-quarters of the best way by Thursday’s session, Web contractor Mick Wallace, a consultant for St. Elias Stables, had a son of Girvin for $290,000. Costs for darkish bay or brown colt consigned by Brookdale Gross sales topped each the September 22 session in addition to Ebook 5, which is obtainable Wednesday and Thursday.

“It’s an excellent worth,” says Freddy Seitz of Brookdale. “It’s simply saying that this can be a actually scorching market and it could be actually good for those who had a pleasant one.”

Seitz was raised in Kentucky by the Brookdale Ranch, Seitz stated the foal (bought because the Hip 3504) did nicely when it was bought.

go away the sector <br /> Scenes at Keeneland September sale on September 20, 2022.” src=”https://cms-images.bloodhorse.com/i/bloodhorse-images/2022/09/010f9dc60d3c412da28555cab2785cc9.jpg?preset=medium” fashion =”border-width: 0px;” title=”go away the sector <br /> Scenes at Keeneland September Sale on September 20, 2022.”/><figcaption><small>Photograph: Anne M. Eberhardt</small></figcaption></figure>
<p>“He was at all times an excellent horse, a very nice horse, exact and shifting nicely,” stated Seitz.  “So staying away from him and letting him develop up was an issue. Our crew did a terrific job with him they usually helped make him look actually sharp. So he’s a type of guys. within the straightforward ones.”</p>
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The horse now not wins, wager Into Mischief horse in summer season. The second dam, Summertime, by Siberian Summer season, is a junior highschool finisher Summer season wind dancer .

Girvin’s first season of 2-year-olds is on monitor, led by winner Saratoga Particular Stakes (G2) Damon’s Mound and winner Astoria Stakes Dame crooked . A boy received first prize in grade 1 of The story of Ekati Girvin is at the moment eighth on the checklist of freshmen’s males.

The ultimate ebook of the sale will go on sale on Friday, September 23 and Saturday, September 24. Each of these buying and selling classes begin at 10 a.m. Although it’s solely two days away. This sale continues to be very enthusiastic. Like many others, Greathouse factors to the 2022 racing season that may award document purses this 12 months as a optimistic pattern driving far-reaching demand.

“I believe the rising purse construction has actually helped,” says Greathouse. “It’s good to see a pleasant wholesome market and — as a breeder — it’s nice to see breeders being rewarded for elevating an exquisite horse.”