11/13/2013 7:17PM

Keeneland November: Penultimate session continues positive trends

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Wednesday’s penultimate session of the Keeneland November breeding stock sale continued the positive trend of the marketplace, with another round of improved figures as the auction moved into Book 5.

A total of 271 horses brought a total of $3,998,100 on Wednesday, up 39 percent compared with last year’s ninth-session total of $2,872,300 from 254 sold. The average sale price rose 30 percent, from $11,308 to $14,753, while the median spiked 50 percent, from $7,000 to $10,500. The buyback rate during Wednesday’s session was 10 percent, continuing the thus far unbroken run of lower rates posted at this year’s sale. During last year’s ninth session, the buyback rate was 19 percent.

Wednesday’s session was led by Surmount, a stakes-placed Speightstown mare, who sold to Dr. Oscar Benavides, as agent for St. George Stables, for $92,000. The 5-year-old mare, who went through the ring in foal to Into Mischief, won twice in eight starts for earnings of $75,694, and was consigned by Kingswood Farm, agent.

Topping the weanlings was a Mizzen Mast colt out of the winning Wavering Monarch mare Despot, who was purchased by Machmer Hall and Wynnstay Farm for $52,000. Consigned by Blandford Stud, agent, the colt is a sibling to three winners and is from the family of champions Soaring Softly and Wavering Girl, as well as Grade 1 winners Mehmet, Military, Plenty of Grace, and Noble’s Promise.

Adena Springs was the session’s leading consignor by gross, with 43 horses sold for revenues of $461,100. Cromwell Bloodstock, agent, and Benavides, as agent for St. George Stables, tied for the biggest buyer of the session at $115,000, with four and two purchases, respectively.

Through Keeneland’s ninth session, a total of 2,208 horses have sold for $194,313,100, making this year’s auction the highest-grossing November breeding stock sale since 2007 save for the 2011 renewal, which featured the record-breaking dispersals of the late Edward Evans’ Spring Hill Farm and Prince Saud bin Khaled’s Palides Investments N.V. The 2013 sale’s cumulative gross was up 39 percent compared with the $140,061,100 from 2,006 horses sold in 2012. The nine-day average was up 26 percent, from $69,821 to $88,004, while the median rose 33 percent from $30,000 to $40,000.

The tenth and final session of the Keeneland November sale will commence on Thursday at 10 a.m. Eastern.

For hip-by-hip results, click here.