Keeneland's annual January Horses of All Ages Sale began Monday morning. The sale features a variety of horses from yearlings to prospective stallions over 5 days. This year, there were more than 1,800 cataloged lots.
The horse market has been improving lately. Keeneland Associate Director of Sales, Tom Thornbury said, "Recently we've seen breeders eliminating lesser quality stock, so it has elevated the quality they're selling and the average prices have begun to climb."
The future market is also expected to improve after Congress reenacted investment incentives for the industry.
Keeneland's next sale will be held in April.