11/14/2013 6:24PM

Keeneland November: Sale wraps with record-tying median


The Keeneland November breeding stock sale came to a close on Thursday, showing marked improvement in all economic indicators compared with last year’s auction, including a median sale price that equaled the all-time record.

The 10-day sale finished with 2,457 horses sold for revenues of $197,189,000, an increase of 38 percent compared with last year’s final total of $143,025,600 from 2,414 sold over 11 sessions. The cumulative average was $80,256, improving 35 percent from $59,248 last year, while the median rose 59 percent, from $22,000 in 2012 to $35,000 this year, which tied the medians set from 2005-2007. The buyback rate for the November sale fell to 15 percent after finishing at 23 percent in 2012.

“I think it’s been a wonderful ten days,” said Geoffrey Russell, Keeneland’s director of sales. “The market definitely started well early and kept on going. The Book 1 mares certainly set the stage for the rest of the sale and that helped everybody establish what the market is. Each level of the market was up roughly the same, too, so it’s not just the top end that’s strong, it’s all the way through.”

Chilean-based Don Alberto Corp., which purchased Vinery’s Kentucky farm in October, was the sale’s leading buyer, with 32 purchases totaling $10,640,000. Taylor Made Sales Agency was the sale’s leading consignor by gross, with 199 horses sold for revenues of $20,464,800.

Thursday’s final of two Book 5 sessions grossed $2,875,900 from 249 horses sold, which marked a 70 percent increase compared with last year’s Day 10 revenues of $1,695,500 from 216 sold. The average sale price was up 47 percent, from $7,850 to $11,550, while the median rose 36 percent, from $5,500 to $7,500. The buyback rate for the final session was 11 percent, down from 20 percent last year.

James Keogh’s Grovendale bought the final session-topper for $135,000: Kimbolton, a 3-year-old daughter of First Defence. She was consigned as a broodmare prospect by Mill Ridge Sales, as agent. Kimbolton is out of the Grade 2-winning Lyphard mare Skimble, and is a half sister to two-time Pacific Classic winner Skimming. She is from the family of Grade 1 winners Contredance and Marketing Mix, English classic winner Wince, and Grade 2 winner and sire Eltish, among several other graded/group stakes winners.

The session’s highest-priced weanling was also the second-highest price of the session: a Dublin filly that sold to BG Stables for $80,000. The chestnut filly, consigned by Vinery Sales/Millennium Farms as agent for Legend Land, is out of the winning Fly So Free mare Time for Karakorum.

Mill Ridge Sales was the tenth session’s leading consignor with 11 horses sold for a combined $276,700, while Grovendale’s singular purchase of the session-topper made Keogh the leading buyer.

For complete results, click here.

Keeneland November breeding stock sale, final results:

Year Sold Gross Average Median Buyback
2013 2,457 (+2%) $197,189,000 (+38%) $80,256 (+35%) $35,000 (+59%) 15%
2012 2,414 $143,025,600 $59,248 $22,000 23%