Bullish Market Continues At Keeneland Yearling Sale

Keeneland logo (Keeneland)
Keeneland logo (Keeneland)
Reported by: Tom Kenny
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Updated: 9/18/2013 9:34 pm

Strong demand for Thoroughbred yearlings from the world's largest buying bench continued Wednesday during the ninth session of Keeneland's September Yearling Sale, once again driving double-digit gains in gross, average and median prices.

On Wednesday, 311 yearlings were sold for $11,179,500, marking a 36.8 percent increase over the gross of $8,169,500 from the corresponding session last year.

The average of $35,947 was 32.8 percent higher than the average of $27,051 recorded in 2012.

The median of $27,000 rose 35 percent above last year’s $20,000.

Cumulatively, a total of 2,022 yearlings have been sold for $264,436,500, up 23.5 percent from last year’s total of $213,980,500.

The average of $130,780 is up 31.1 percent from $99,758, while the median of $77,000 is 40 percent higher than $55,000 last year.

“The clearance rate today was 88 percent, which is phenomenal,” said Keeneland Director of Sales Geoffrey Russell.

Cromwell Bloodstock, agent, paid $185,000 for the session’s top-priced horse, a colt by Kitten’s Joy out of the winning Stephen Got Even mare Esther Got Even. He was consigned by Dromoland Farm Inc, agent.

The highest-priced filly of the day was a daughter of Ghostzapper sold to Bob Baffert, agent, for $140,000. Adena Springs consigned the filly, who is out of the stakes-placed Cozzene mare Cozy Gain, a half-sister to Grade 3 winner Broad Gains.

The sale continues through Saturday. All sessions begin at 10 a.m.

The entire sale is streamed live at www.keeneland.com.

 

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