Yearlings dominate Keeneland day 3 as prices surge

by | 01.11.2012 | 8:25am

Yearlings dominated the Wednesday session of Keeneland's January Horses of All Ages Sale, accounting for the day's top three prices, led by the $180,000 paid by Glen Hill Farm for a filly by leading sire Kitten's Joy.
 
Out of the stakes-placed Danzig mare Garden Spot, the session-topping filly is from the family of Horse of the Year and top sire Mineshaft.
 
Irish agent Tim Hyde paid the day's second-highest price of $140,000 for a colt by Candy Ride (ARG) out of Princess Consort, by Dixieland Band.

Both yearlings were consigned by Taylor Made Sales Agency, agent.

Results continued to surge on Wednesday when Keeneland sold 263 horses for $4,255,900, an increase of 47.8 percent over 2011 when 227 horses brought $2,878,150. Average price for the day of $16,182 rose 27.6 percent from last year's session average of $12,679. The median price of $7,500 was up 7.1 percent from the $7,000 posted in 2011. The RNA rate declined 30.3 percent.
 
“The market continues to show considerable consistency and strength,” said Keeneland Vice President of Sales Walt Robertson. “For the third consecutive session, we've achieved significant increases in gross, average and median accompanied by much lower RNA rates. In general, consignors and buyers both seem pleased with the current marketplace.”
 
Through day three of the four-day, Keeneland has sold 750 horses for gross receipts of $34,371,200, up 52.9 percent compared to $22,478,350 for 619 horses in 2011. The average   increased 26.2 percent from last year's $36,314 to $45,828, while the median of $20,000 rose 53.8 percent over $13,000 in 2011.Broodmares sparked the highest bidding in the first two days of the Keeneland January Horses of All Ages sale, but during Wednesday's third session, yearlings got top billing.

The Keeneland January Sale concludes on Thursday. The session begins at 10 a.m.

Click here for a catalog of the Keeneland January sale.

Click here to watch a live video feed of the sale.

Click here to view sales results.

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