Keeneland: After Day 6, Gross Receipts Near 2012 Revenue for Entire Sale

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Colt by Medaglia d'Oro out of Loving Vindication sold for $385,000 to Lael Stables Colt by Medaglia d'Oro out of Loving Vindication sold for $385,000 to Lael Stables

It was onward and upward again at Sunday’s sixth session of the 12-day Keeneland September Yearling Sale in Lexington, Ky. When the final hammer fell, gross receipts for the first six sessions reached $216,922,000, less than $3 million shy of the $219,723,000 in total revenue for 11 days at the 2012 auction.

It seems safe to say now that gross receipts will approach $265 million, a 20% gain from 2012 and the highest since the pre-economic meltdown auction of 2008, when gross receipts were about $328 million. They dipped to $191.9 million in 2009.

A total of 290 yearlings sold on Sunday for $28,229,000, an increase of 30.5% in receipts from day six in 2012, when 281 sold for $21,625,000. The average price of $97,341 was a gain of 26.5% from the $76,957 average in 2012, and the $80,000 median jumped by 33.3% from $60,000 last year. There were 88 horses that were bought back by consignors, or 23.2% of the 378 through the ring. Last year’s RNA rate was virtually identical, 23.4%. The clearance rate (percent sold from catalogued) was 68.2% on Sunday compared with 67.7% on the comparable day last year.

In Book 2, which spanned Saturday and Sunday, 42 horses sold for $250,000 or more each compared to 21 for the comparable period last year, while 162 horses brought $150,000 or more compared to 83 in 2011.

“The market this weekend was very good, very strong,” Keeneland director of sales Geoffrey Russell said. “It’s pretty impressive to increase those figures by nearly 100 percent over last year.”

“It’s strong,” consignor Kitty Taylor of Warrendale Sales said about the auction. “There’s a lot of activity in the barn, a lot of people looking. It’s all been good.”

Through the sale’s the first six sessions, which marks the halfway point of the 2013 sale (there were only 11 sessions in 2012), 1,116 horses have been sold for $216,922,000, an increase of 20.3% over $180,269,000 in 2011. The average of $194,375 is up 32.8% over last year’s $146,322. The median rose 45%, from $100,000 to $145,000.

Top price was the $385,000 Lael Stable/Roy Jackson paid for a colt by Darley’s Medaglia d’Oro out of Loving Vindication, by Vindication. The colt, consigned by Anderson Farms, agent,  is the first foal from his dam, who was produced from Grade 3 stakes winner Chimichurri. The colt comes from the same family as Ga winners Mashaallah and Folk Art, along with Sportin’ Life.

John Ed Anthony’s Shortleaf Stable paid $360,000 for a colt from the first crop of Kentucky Derby winner Super Saver, who stands at WinStar Farm. Consigned by Hidden Brook, agent, the colt is out of the Polish Numbers mare Karla’s Number, a daughter of the stakes-winning Spectacular Bid mare Whow.

The top-priced filly was the $320,000 daughter of Lookin At Lucky sold to Bob Baffert, agent. Baffert trained Lookin At Lucky, a multiple champion and Preakness (G1) winner standing at Ashford Stud and whose first foals are yearlings this year. Paramount Sales, agent, consigned the filly out of the Royal Academy mare Elissa Beethoven (GB). The filly is a half-sister to Grade 3 winner Golden Sonata.

To see the sale results, click here.

The sale continues Monday and runs through Saturday, Sept. 21. All sessions begin at 10 a.m. The entire sale is streamed live at www.keeneland.com.

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