LEXINGTON, Ky. (Nov. 10, 2013) – The bullish market continued at Keeneland on Saturday when gross receipts of $157,021,200 for the first five sessions of the 10-day November Breeding Stock Sale surpassed total sales of $143,025,600 recorded for last year’s entire 11-day auction.
At the half-way point in the sale, Keeneland has sold 1,063 horses for $157,021,200, up 38 percent compared to $113,846,600 for 937 horses at this point in 2012. The average of $147,715 increased 22 percent from last year’s $121,501, while the median of $85,000 rose 42 percent from $60,000.
Results on Saturday continued to demonstrate the market’s considerable strength as 312 horses brought $15,987,000, an increase of 39 percent over 2012 when 270 horses sold for $11,495,600. Average price of $51,240 was up 20 percent over last year’s session average of $42,576. The median price rose 14 percent from $35,000 to $40,000.
“There was vibrancy to the sale on Saturday,” said Keeneland Director of Sales Geoffrey Russell. “We have assembled a strong, diverse buying bench, with an influx of new buyers coming in this weekend. So far, consignors have met every level of the market, which is reflected in the clearance rate of 82 percent versus 73 percent last year.”
Stakes winner Dontbeshy I’ll Buy, in foal to Ghostzapper, brought the day’s highest price of $260,000 from Abdullah Saeed Almaddah. Adena Springs consigned the five-year-old mare by Cherokee Run out of Eye of the Artist, by Old Trieste.
A half-brother to Arlington Classic (G3) winner Kingship sold for $150,000 to Stoney Lane Farm to be the top-priced weanling. The colt, by Majestic Warrior out of the winning Theatrical (IRE) mare Artistry, was consigned by Sweezey and Partners, agent.
The November Sale continues through Thursday, Nov. 14. Sessions begin daily at 10 a.m.. The entire sale is streamed live at Keeneland.com.