01/09/2013 8:05PM

Keeneland January sale: Middle market holds strong in third session


While the flashy prices from the first book of the Keeneland January horses of all ages sale slowed as the auction headed into Book Two, the sale’s third session still outperformed last year’s comparable results.

A total of 227 horses sold on Wednesday for $4,953,900, a 17 percent increase compared with last year’s final total of $4,255,900 from 263 sold.

Average sale price of $21,823 marked a 35 percent improvement over last year’s figure of $16,182, while median jumped 73 percent from $7,500 to $13,000.

While totals and average have been overwhelmingly positive through the sale’s opening sessions, the buyback rate increased for the second time in three days, rising on Wednesday from 17 percent to 24 percent.

“When they lead something in there that’s good, the money’s still good,” said bloodstock agent Ben Glass. “There’s a few that went in there that I thought went way over what I thought they were worth—what everybody thought they were worth.”

For the second straight day, a yearling attracted the session-topping price, with a Medaglia d’Oro colt going to California-based owners Gary and Mary West for $350,000.

The price was the second highest paid for a yearling during this year’s January sale, behind the current sale topper, a $1.45-million Street Sense filly that sold on Tuesday.

“I loved the colt and I love Medaglia d’Oro. I think he’s a great sire,” said Glass, who signed the ticket for the Wests. “I really liked him and I didn’t want to have to try to buy him as a yearling. You’re better off to buy them now than wait, and then in September, you’ll have to give maybe twice as much.”

The dark bay or brown colt is out of the Grade 3-winning Carson City mare Bohemian Lady, who has produced one winner from two to race. Bohemian Lady, a half-sister to Grade 1 winner and sire Any Given Saturday, was offered at the 2012 Keeneland November breeding stock sale, but finished below her reserve with a final bid of $725,000.

Bred in Kentucky by Padua Stables, the colt was consigned by Three Chimneys Sales, agent. He became the second-highest-priced foal out of Bohemian Lady to sell at public auction behind Almoonqith, who commanded $725,000 at the 2011 Keeneland September yearling sale.

The top broodmare of the session was Cosmo Girl, a 6-year-old City Zip mare, who sold as a racing or broodmare prospect to Stonestreet Farm for $190,000.

Cosmo Girl won four of 24 career starts for earnings of $156,237. She won the 2011 Carousel Stakes at Oaklawn and was also stakes placed at Oaklawn and at Lone Star Park. She was consigned by Baccari Bloodstock, agent.

"I'm glad that Stonestreet bought her, because they'll breed her to nice horses," said consignor Chris Baccari, who purchased Cosmo Girl for $45,000 from the Sea Jay Farm consignment at the 2008 Keeneland September yearling sale. "It'll be good for her."

Cosmo Girl is out of the Personal Hope mare Ever Imelda, who is the dam of six winners from as many starters, including stakes winner Green Suede Shoes. Ever Imelda is a half-sister to Red Mischief, dam of Grade 1 winner Ermine.

Taylor Made Sales Agency was the leading consignor on Day Three, with 32 horses sold for a combined $858,200. The consignment was led by the day’s third-highest price, a $160,000 yearling colt by hot sire Into Mischief that was secured by Alex and JoAnn Lieblong.

Ben Glass, as agent for the Wests, was the leading buyer based on his lone purchase of the session-topper.

Through three sessions, Keeneland reported 225 horses sold for a total of $40,299,000, up 17 percent compared with last year’s three-day total of $34,371,200 from 750 sold. Total receipts from this year’s January sale through three sessions have already exceeded last year’s cumulative receipts from the four-session auction.

Cumulative average sale price of $59,614 marks a 30 percent improvement from last year’s three-day average of $45,828. Median has improved 25 percent, from $20,000 to $25,000.

The sale resumes Thursday and will run through Friday, Jan. 11, with sessions starting at 10 a.m. Eastern.

For hip-by-hip results, click here.

- Additional reporting by Nicole Russo

Keeneland January horses of all ages sale: third session

Year Sold Total Average Median Buyback
2013 227 (-14%) $4,953,900 (+16%) $21,823 (+35%) $13,000 (+73%) 24%
2012 263 $4,255,900 $16,182 $7,500 17%

Keeneland January horses of all ages sale: cumulative

Year Sold Total Average Median
2013 676 (-10%) $40,299,000 (+17%) $59,614 (+30%) $25,000 (+25%)
2012 750 $34,371,200 $45,828 $20,000