09/15/2008 11:00PM

Indian Charlie colt fetches $400K

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LEXINGTON - A colt by Indian Charlie out of the Touch Gold mare Touched brought $400,000 on Monday at the Keeneland September yearling sale to top the session by late afternoon.

The colt, who was consigned by Mulholland Springs and purchased by Hoods Up Stable, was the only yearling to sell for more than $300,000 through late afternoon, and the price equaled the session-topping price a day earlier. Six horses had sold for $200,000 or more by late afternoon, and 47 yearlings had sold for $100,000 or more.

Sales results for the mammoth September yearling sale, the largest of its kind in the world, have been down through the first six sessions, with average off by 13.7 percent and median down 10.7 percent. The weakness of the economy is certainly a factor, along with the sheer number of yearlings on offer this year - a record 5,555 horses were cataloged to the 14-day sale, or approximately 1 out of every 7 horses that were foaled in North American in 2007.

By the end of Monday's session, average improved marginally while median plummeted. Average during seven days of selling this year is $165,785, according to Keeneland, down 13.2 percent compared to last year during the first seven days of selling, and median is $100,000, down 20 percent from $120,000 last year.

For the Monday session, average for 288 horses sold was $66,425, down 6.7 percent from the Monday session average last year of $71,241, when 284 horses sold. Median was down 9.1 percent, from $55,000 to $50,000. Gross was $18,864,700 this year, compared with $20,517,500 for the Monday session last year.

The second-highest price of the session, $290,000, was paid by Third Steel Stable for a colt by Southern Image out of the World Appeal mare Hasty Appeal. The colt, who is a half-brother to Grade 3 stakes winner Dr. Park, was consigned by Summerfield, agent.

Including the $400,000 colt, Indian Charlie sired 3 of the 4 highest-priced yearlings to sell by late afternoon; all three are colts. The third-highest price of the session, $275,000, was paid by Arch Bloodstock, agent for Avalon Farm, for a colt out of the Dehere mare Senorita Dehere consigned by Glenwood Farm, agent. The fourth-highest price, $240,000, was paid by Legends Racing for a son of the Holy Bull mare Emptythetill.

An array of buyers, both domestic and international, were active at the Monday session, from Florida-based pinhookers to rank-and-file trainers to racing partnerships, as the sale approached the halfway point in the catalog and the catalog-page black type continued to wane.

The session-topping filly by late afternoon was a Hennessy filly out of the stakes-winning Jade Hunter mare Chitka. Martin Anthony paid $200,000 for the filly out of the consignment of Eaton Sales, agent.