Sunday, January 18, 2009

Keeneland Concludes January Horses of All Ages Sale

Lexington, KY (January 17, 2009) – A large, diverse contingent of domestic and foreign buyers participated in Keeneland’s recently concluded January Horses of All Ages Sale, despite the ongoing global financial crisis.

Gross receipts for the six-day auction, held January 12-17, totaled $32,824,000, down 53.4 percent from last year’s seven-day total of $70,446,000. Average price of $24,532 declined 48 percent from $47,184 reported in 2008. The median of $9,500 decreased 44.1 percent from last year’s $17,000. A total of 1,338 horses sold compared to 1,493 a year ago. The not sold rate dropped 9.2 percent when compared to 2008.

“Consignors adjusted their expectations in light of this new global economy and trading was spirited throughout, as evidenced by the decline in the number of buy-backs. Quality individuals still continued to generate interest and value,” said Geoffrey Russell, Keeneland’s director of sales.

“Keeneland has established a diverse, global network of horsemen, and their influence has provided support for consignors in what is a difficult market,” Russell added. “In all, buyers representing more than 41 different countries purchased horses at Keeneland this sales year. Keeneland is synonymous worldwide with the very best in Thoroughbred racing and sales.”

Island Fashion, in foal to Ghostzapper, and Almonsoon, sold as a racing or broodmare prospect, each sold for $950,000 to top the January Sale. Naohiro Hosoda signed the ticket for Island Fashion on behalf of Katsumi Yoshida, owner of Northern Farm in Japan. She was consigned by Pope McLean (Crestwood Farm), as agent for Jeff Nielsen’s Everest Stables (Reduction Phase 1). Southern Equine Stables paid $950,000 for Almonsoon, a stakes-winning mare by Giant’s Causeway consigned by Hill ‘n’ Dale Sales Agency, agent.

A colt by Maria’s Mon brought $390,000, the highest price for a yearling, from Florida pinhooker Jimmy Gladwell, who signed the ticket in the name of his Ferguson Valley Ranch. Out of La Cucina (IRE), the colt is a half-brother to multiple graded stakes winner and sire Sir Cherokee and 2008 Falls City Handicap (G2) winner Miss Isella. He was consigned by Bluewater Sales LLC, agent for Domino Stud of Lexington LLC.

Taylor Made Sales Agency topped the consignor list for the ninth consecutive January Sale, selling 192 horses for $5,665,600.

Michael Moreno’s Southern Equine Stables repeated as the sale’s leading buyer, purchasing eight horses for $1,700,000.

Keeneland wishes to thank its participating consignors and buyers for their support throughout the year.

During Saturday’s final session, Keeneland sold 213 horses for $1,795,800, down 34.7 percent from a year ago when 195 horses brought $2,749,500. The day’s average of $8,431 decreased 40.2 percent from $14,100 in 2008, while the median was down 38.5 percent to $4,000 from $6,500 last year.

Peter Blum paid $85,000 for the stakes-winning Race Artist, in foal to Cherokee Run, to top Saturday’s final session. Consigned by Taylor Made Sales Agency, agent for J. Mack Robinson (A Complete Dispersal), Race Artist is the dam of stakes winner Cherokee Girl and stakes-placed Cherokee Artist.

Splash of Vanilla, the first palomino Thoroughbred to be offered at Keeneland, sold for $14,000 to Dr. Naveed Chowan. The filly, by Ballado Chieftan, was consigned by Triple B Stables.

A reminder that Keeneland’s next auction, the 2009 April Two-Year-Olds in Training Sale, will be held Monday and Tuesday evenings, April 6-7. Keeneland will hold one preview show on Thursday, April 2.

Comments (0)

BallHype: hype it up!

Read more articles in the Keeneland category.