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Keeneland’s 81st November Breeding Inventory Sale closed Nov. 13 following 9 days of vibrant commerce from a world shopping for bench that yielded wholesome across-the-board features, led by product sales of $196,442,900, together with non-public gross sales and a report median of $40,000 to sign continued purchaser confidence and market stability. Demand for high quality spurred competitors in any respect ranges of the market, highlighted by 9 horses that offered for greater than $1 million and topped by $2.4 million for grade 2 winner Roses for Debra . A robust November Sale foal market produced the 2 costliest weanlings offered at public public sale in North America for the 14th time in 15 years, in keeping with Keeneland.
“This fall at Keeneland has been a testomony to ahead momentum and confidence in the way forward for our sport globally,” Keeneland president and CEO Shannon Arvin stated. “The optimism and pleasure across the grounds has been palpable, from the September Yearling Sale by the autumn meet, at Del Mar for our first Championship Sale and now into November Gross sales.”
Throughout the November Sale, held Nov. 5-13, Keeneland offered 2,158 horses (together with post-sales) for $196,442,900, a rise of 4% over final 12 months’s nine-day public sale, when 2,221 hips offered for $188,891,000.
The typical value of $91,030 was up 7% from $85,048 in 2023.
The cumulative median value rose 25% from $32,000 to $40,000, exceeding the report of $37,000 set in the course of the 2021 November Sale. The clearance charge was 83%.
“General, this was a really robust, honest market from begin to end,” Keeneland vp of gross sales Tony Lacy stated. “E book 1 gross jumped almost 15% from final 12 months with a much-improved clearance charge and that momentum powered the sale by the ultimate days.
Tony Lacy
“Our technique for recruiting worldwide consumers and attracting consumers from home and regional areas is admittedly paying off,” Lacy stated of Keeneland’s year-round efforts to supply a deep and various shopping for bench. “Along with main consumers from established racing markets, consumers from creating breeding applications all over the world come right here to supply their bloodstock as a result of American pedigrees are extremely sought-after. We are the main sellers of grime pedigrees on the planet and a whole lot of evolving jurisdictions are racing on grime, whether or not as a main floor or a secondary floor. As with every product, it is essential to have a marketplace for what you are producing. It is Keeneland’s accountability to generate that market and these outcomes are very encouraging.”
Depth of commerce coupled with an improved clearance charge and a report median have been all optimistic indicators of a bullish market even because the sale moved into the center and latter days.
“The median, or the center value in every session, is the barometer for the well being of the market that we at all times come again to,” Keeneland senior director of gross sales operations Cormac Breathnach stated.
“The typical is nice for headlines, however 12 months to 12 months, if you’re taking a look at how a sale compares, the median and the RNA charge give a extra goal viewpoint. The median rose in most periods of this sale in comparison with final 12 months and ended up a report for the sale. The RNA charge is some extent decrease than final 12 months. This reveals that these horses are marketable and there is a purchaser base right here to choose them up at a really excessive charge.”
The aggressive setting was mirrored within the mixture of main home and worldwide consumers, which included members from resurgent racing markets all over the world. The highest 12 highest-priced horses have been bought by 10 completely different pursuits.
“I’m at all times happy with the worldwide recruiting that Keeneland does, particularly for the second half of the sale” stated Grey Lyster of Ashview Farm, which offered eight horses for $2,020,500, led by Krissy’s Sweet for $1.5 million to Summer time Wind Equine. “There was loads of worldwide presence. We’ve at all times had robust European presence, however the Australian presence was improbable, and the Japanese have been coming for many years and appear to be stronger 12 months after 12 months. The globalization of the market has been nice.”
“We had a improbable sale,” stated John Sikura, whose Hill ‘n’ Dale at Xalapa offered 141 horses for $14,050,900, together with put up gross sales. “It’s a reinforcement of the market actuality which is that elite mares with race information coated by the suitable sires are attributes extremely coveted by worldwide consumers and outcomes have been vital throughout the board.”
Mandy Pope’s Whisper Hill Farm paid $2.4 million for the sale-topping Roses for Debra, a 5-year-old daughter of Liam’s Map consigned by Sweet Meadows Gross sales, agent. Whisper Hill was the sale’s main purchaser with 13 purchases for $6,635,000. They included the $600,000 excessive vendor of the fourth session, the Curlin filly Adoptable, from Claiborne Farm, agent.
“We’re not the most important consignment and to have a sale topper may be very particular for (Sweet Meadows proprietor and Keeneland trustee) Everett Dobson, together with his involvement with Keeneland and the business,” stated Matt Lyons, senior vp and CEO of Sweet Meadows Farm, which offered 11 horses for $3,068,000. “It was additionally very particular for John O’Meara who’s our associate in Roses for Debra and who I’ve identified for a very long time. It was an excellent thrill.”
Different main consumers with whole purchases exceeding $2 million have been Willingham Stud, Katsumi Yoshida of Japan, and such United States operations as Travis Boersma’s Flying Dutchmen, Stonestreet Stables, Summer time Wind Equine, Spendthrift Farm, and Gainesway.
The power of the November Sale weanling market was borne out within the outcomes, topped by colts by Into Mischief and Curlin offered for $900,000 and $725,000, respectively, throughout E book 1.
Twenty-eight weanlings offered for $300,000 or extra. Fifteen of these 28 weanlings have been by seven first-crop sires: Flightline , Olympiad , Life Is Good , Jackie’s Warrior , Jack Christopher , Golden Pal , and Epicenter .
Two first-crop sires topped the rankings for main sires of weanlings. Golden Pal led by product sales with $3,035,200 paid for 29 horses. His excessive vendor was a $325,000 filly consigned by Nursery Place, agent, and bought by Steele Stables.
Flightline led by common with three or extra horses offered. His 4 weanlings, which averaged $412,500, have been led by a colt consigned by Lane’s Finish, agent for the Full Dispersal of Solera Farm (Ed Seltzer) and offered to Basic Equine for $575,000.
The Flightline weanling colt consigned as Hip 241 within the ring on the Keeneland November Sale
The November Sale once more provided a number of mares in foal to established stallions and new sires of 2024. Stallions with their first in-foal mares to be provided on the sale included 2023 Horse of the 12 months Cody’s Want and champions Arcangelo , Elite Energy , Forte , and As much as the Mark .
The November Sale’s main overlaying sire was Justify , whose 15 in-foal mares totaled $7,780.000. Curlin was the main overlaying sire by common with 5 in-foal mares averaging $755,000.
For the twenty seventh time since 1987, Taylor Made Gross sales Company was the November Sale’s main consignor. Taylor Made offered 323 horses for $32,859,600, together with put up gross sales.
“We’re the one consignor that sells in each session in November. In each session of this sale, our gross has been larger than the 12 months earlier than,” Taylor Made president and CEO Mark Taylor stated.
At Wednesday’s ninth and last session, Keeneland offered 212 horses for $2,919,800, up from $2,702,200 for 258 horses offered final 12 months, together with non-public gross sales. The typical was $13,773, with a median of $8,000.
A number of graded stakes winner Tyson , consigned by Hill ‘n’ Dale at Xalapa, agent, as a stallion prospect, offered for $175,000 to Ed Worth, agent, to be the very best value Nov. 13. Out of the profitable Good Strike mare Honouring, Tyson is from the household of champions Rags to Riches and Arcangelo.
Keeneland will maintain the November Horses of Racing Age Sale Nov. 14. Click on right here for the web catalog for the public sale, which begins at midday ET.
This press launch has been edited for content material and elegance by BloodHorse Employees.
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