09/15/2014 8:15PM

Keeneland September: Improved figures to kick off Book 3


Economic figures remained solid as the Keeneland September yearling drifted into the middle market on Monday, posting improved returns compared with last year’s seventh session.

A total of 273 horses were sold during Monday’s opening Book 3 session for revenues of $21,172,000, marking an increase of 6 percent compared with the seventh session of 2013, when 292 yearlings sold for $19,952,000.

The average sale price increased 14 percent from $68,329 to $77,553, while Monday’s median sale price spiked 23 percent, from $57,000 to $70,000. The buyback rate was competitive with last year’s seventh session, rising from 20 percent to 21 percent.

“Overall, I thought the session was very good,” said Geoffrey Russell, Keeneland’s director of sales. “It might have started off a little slow, but it certainly got rolling. The increase in average and median showed good strength from top to bottom, first to last. The last two horses that went through the ring brought six figures.”

Topping the session was a Curlin colt who sold to bloodstock agent David Ingordo on behalf of JWS Racing for $375,000.

The chestnut colt is out of the stakes-placed Boundary mare Awe That, whose four winners from six foals to race include Grade 2 winner and stakes producer Bel Air Beauty and stakes-placed Dynafortwo. Bred in Kentucky by William S. Farish and consigned by his Lane’s End, as agent, the colt is from the family of Grade 1 winner Grecian Flight and Grade 3 winner Anklet.

First-crop sire Trappe Shot continued a breakout Keeneland September sale, leading Monday’s session by gross. The resident of Claiborne Farm had 13 yearlings sell for a combined $1,148,000, making him the only sire to record a seven-figure gross on the day.

Spendthrift Farm’s Tiz Wonderful was the day’s leading sire by average sale price with three or more sold, represented by a trio that hammered for an average price of $168,333.

Lane’s End was the leading consignor for the fourth time over seven sessions to be completed thus far, moving 32 yearlings for $3,078,000, including the session-topper.

Ben Glass, agent for owners Gary and Mary West, was Monday’s leading buyer, with two purchases totaling $450,000.

After seven days of selling, the current renewal of the Keeneland September sale has moved 1,290 yearlings for a total of $227,389,500. That marks a 4 percent decrease compared with the sale at the same point in 2013, when 1,408 horses brought $236,874,000.

The seven-day average sale price of $176,271 improved 5 percent compared with the previous year’s figure of $168,234, while the median also improved 4 percent, rising from $115,000 to $120,000. The buyback rate rose from 25 percent last year to 26 percent after seven sessions this year.

“The comments [I’ve heard] for tomorrow from the barn area is there’s lots of inspections, so I’m hoping it will continue on,” Russell said. “Having this action [in the sale pavilion] and down in the barn area is good.”

Tuesday’s session wraps up Book 3 of the six-book Keeneland September sale. The auction continues daily until Sunday, Sept. 21, with sessions beginning each day at 10 a.m. Eastern.

For hip-by-hip results, click here.

Keeneland September yearling sale, Monday session results:

Year Sold Gross Average Median Buyback
2014 273 $21,172,000 (+6%) $77,553 (+14%) $70,000 (+23%) 21%
2013 292 $19,952,000 $68,329 $57,000 20%