Viewed as an extension of the November sale, there was some hope in the air that Keeneland's January sale would perform better than expected. Unfortunately, this year's horses-of-all-ages opening session did not exactly come up roses.
Blamed on the lack of quality, the gross was down 44.81%, average down 37.37% and median dropped 25.93%.
Geoffrey Russell, Keeneland's director of sales agreed with the assertion that the drop was due to quality. “I think today was more a reflection of the quality of the horses, which is why we don't like to compare mixed sales to mixed sales because you're not guaranteed of the quality.”
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