Keeneland September Sale Continues Strong

Racing news
Momentum Continues at KEESEP Group 5 Opener

It was another strong day of trade at Wednesday’s Book 5 opener at the Keeneland September Sale with 266 yearlings– three bringing $150,000 or above–grossing $8,839,600, good for an average of $33,232 and a median of $25,000. The RNA rate was 22.7%. While year-to-year comparisons are difficult due to this year’s format change, the session’s average was up 46.7% while the median rose 92.3% when lined up with 2016’s corresponding 10th session of day one of Book 5.

Cumulatively, 2,006 yearlings have grossed $297,708,600 this year, for an average of $148,409 and a median of $85,000. The cumulative RNA rate is 27.8%.

Lane’s End was the session’s leading consignor, selling 34 horses for $1,171,200. Michael Neatherlin bought three yearlings for $285,000 to be the day’s leading buyer.

“This is the first year in many that, to me, the sale’s grounds have felt electric, really each day,” said Hill ‘n’ Dale President John Sikura, who sold the day’s topper, a $175,000 filly from the first crop of Atredies. “Unfortunately, reality is that it’s only a minority of the horses that meet all the physical and veterinary scrutiny of the buyers. But when you do, I believe that the horses were rewarded by selling for well in excess of appraised value and reserves and the trade was extremely competitive.”

Select Sales was responsible for day’stop-priced colt, a $170,000 son of freshman sire Mucho Macho Man.

“It’s very solid,” Carrie Brogden of Select Sales said of the market. “I’m very pleasantly surprised with how much strength there’s been in the middle market. I think them hiking the commission, it ultimately did do what they wanted, which was get rid of the lesser [horses].”

Ben Glass, longtime advisor for Gary and Mary West, said “this might be one of the toughest Keeneland sales I’ve ever been to.” Glass purchased the day’s second-highest top-priced colt, a $165,000 son of Mineshaft.

Glass has signed for a total of 22 yearlings for gross receipts of $4.72 million. “I mean, it’s tough, boy. They gave so much money for some of these horses. We went way over what we were going to go and we still got blown out of the water. It’s been a tough sale. There’s a lot of money here.”

Source: Thoroughbred Daily News

Leave a Reply