01/10/2013 7:33PM

Keeneland January sale: Bidding slows in fourth session

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After three days of significant gains, the pace slowed on day four of the Keeneland January horses of all ages sale, with figures trailing last year’s fourth session.

A total of 248 horses sold during Thursday’s session for revenues of $3,389,600, down 7 percent compared with last year’s total of $3,620,700 from 253 sold. Average sale price fell 4 percent from $14,311 to $13,668, while the median of $7,000 dropped 18 percent from $8,500 in 2012.

The buyback rate fell marginally in this year’s fourth session, going from 19.17 percent to 18.69 percent.

“If [participants] have a reason to buy [horses], they do,” said Walt Robertson, Keeneland’s vice president of sales, “and if they don’t, it’s pretty tough sledding.”

Despite the lower numbers, the session did manage to draw a pair of six-figure horses, where last year’s fourth day drew none.

One of those horses was Mahkama, a broodmare prospect who topped the session at $145,000, secured by Blandford Bloodstock.

The 4-year-old Bernardini filly won one of eight starts during two seasons of racing in England for earnings of $7,629. She is out of the winning Rahy mare Rahy Rose, who has produced five winners from as many to race, including Grade 3 winner Sumer Raven, who produced Grade 3 winner Winslow Homer. Mahkama is from the family of Grade 1 winner Wild Rush.

Bred in Kentucky by Mt. Brilliant Farm, Mahkama was consigned by Brookdale Sales, agent.

This was the second time that Mahkama had sold at public auction, previously bringing $270,000 at the 2010 Keeneland September yearling sale. She is the third-highest-priced foal out of Rahy Rose, most notably behind Summer Raven, who brought $1.7-million at the 2009 Keeneland November breeding stock sale.

Also eclipsing the six-figure mark was Night Site, a racing or stallion prospect who sold to Russian group Raut, LLC for $135,000.

The 4-year-old Giant’s Causeway colt, bred and campaigned by Juddmonte Farms, was winless in eight starts in Florida and New York in 2012, but he did hit the board in six of those efforts for earnings of $65,583.

Night Site is out of the multiple Grade 1-winning Distant View mare Sightseek, who has produced one winner from two to race–Grade 3-placed winner Raison d’Etat. He is from the family of European champion Special Duty, multiple Grade 1 winner Tates Creek, and Grade 2 winner Revasser. He was consigned by Mill Ridge Sales, agent.

This was the first time that homebred Night Site was sold at public auction, just barely finishing below Raison d’Etat as the highest-priced offspring from his dam. The latter sold for $140,000 at the 2012 Keeneland November sale.

The top yearling of Thursday’s session was a Malibu Moon colt, who sold to Santee Stables for $75,000.

The bay colt is out of Kingmambo mare Moonstar, who is the dam of two winners from three to race, including Grade 1 winner Miss World. His other notable family members include Australian champion Miss Finland, Group 1 winners Doyen and Moonshell, Grade 2 winner Shining Steel, and Group 3 winner Moon Cactus.

Bred in Kentucky by Castleton Lyons and Kilboy Estate, the colt was consigned by Paramount Sales, agent.

Lane’s End Farm was once again the session’s leading consignor, with 45 horses sold for a combined $896,400, led by a 2-year-old Tiznow colt out of the dispersal of Issam Fares’ Fares Farm, who sold to David Ross for $75,000.

Raut, LLC was the leading buyer on Day Four, with six purchases for a combined $165,500.

Thursday’s session also marked the final day of the Fares Farm dispersal, which sold a total of 78 horses for $7,313,000. The average sale price for the dispersal horses was $93,756, and the median was $56,000.

Through four sessions of selling, Keeneland reported a total of 924 horses sold for $43,688,600, up 15 percent compared with $37,991,900 from 1,003 sold in the entirety of last year’s four-day sale. Average price of $47,282 is up 25 percent from last year’s final figure of $37,878, while median has increased 33 percent from $15,000 to $20,000.

The sale concludes with Friday’s session, starting at 10 a.m. Eastern.

For hip-by-hip results, click here.

Keeneland January horses of all ages sale: fourth session

Year Sold Total Average Median
2013 248 (-2%) $3,389,600 (-6%) $13,668 (-4%) $7,000 (-18%)
2012 253 $3,620,700 $14,311 $8,500

Keeneland January horses of all ages sale: cumulative

Year Sold Total Average Median
2013 924 (-8%) $43,688,600 (+15%) $47,282 (+25%) $20,000 (+33%)
2012 1,003 $37,991,900 $37,878 $15,000