The early opening of the November 8 opening of Volume 2 of the November Livestock Stock Sale in Keeneland was a stark contrast to its vibrant opening that generated 10 seven-figure sales, including seven for more than $2 million.
During the first half of the trading day, the highest price among mares owned by Hip 334, a share producer and daughter of Moon Malibu that Claiborne Farms sold the ponies to Blame for $550,000 for Stud identified.
Commercial wind picked up speed with Hip 478, 3rd place winner Park Avenue (via Quality Sugar ), for which the Summer Wind Equine spent $1.45 million to acquire the Lane’s End shipment. A few hours later, Jim and Dana Bernhard’s Pin Oak Stud rang the bell at $1 million for the Hip 573, a production that ranked First Samurai daughter name Sweet Sami EASY from the mare to the leading male Gunman . Stonehaven Steadings deposited Sweet Sami D.
Tuesday’s best-selling weaning drink was the Hip 315, a Quality Road colt consigned by Lane’s End that sold for $425,000 to Brookstone Ranch. The foal does not belong to the direct family of the famous Claiborne male War front .
The sale has now sold 12 horses for $1 million or more and 40 for $500,000 or more.
Cormac Breathnach and Shannon Arvin
“We would describe it as a solid day,” said Keeneland President and CEO Shannon Arvin. “There are certainly times when you look at pricing, but overall, we’re very happy with the overall revenue, very pleased with the average and median increases compared to last year. We have a lot of domestic operations. than yesterday. Maybe not.” Not as exciting as it was yesterday, but we’ve had two books sell for a million or more and that hasn’t happened since 2017 in Book 2.”
Tuesday’s trading saw 197 horses out of 273 offered for sale with a total value of $35,073,000, 9.8% lower than the equivalent in 2021, when more are added. 41 horses sold. The second session average was $178,036 and the median was $140,000, up 9% and 7.7% from the second session a year ago, respectively. The redemption rate, the percentage of horses that failed to meet the reserve price, amounted to 28% compared with 76 horses that did not sell.
In total, the first two sessions generated $99,003,000 in total revenue, which is tracking more than 10% of last year’s sales at this time. A total of 338 horses were sold with an average price of $292,908 and a median of $190,000. The cumulative average increased by 17% and the average increased by 8.6%.
On day one, November 7, 2.5% return on Longines Breeders’ Cup Classic (G1) winners Flight route was sold for $4.6 million, which is not included in the accrual.
During the opening session of Book 2 last year, 238 horses were sold out of 290 on offer for a total of $38,877,000, with an average price of $163,349 and a median of $130,000. Fifty-two horses failed to meet their reserves, corresponding to an RNA ratio of 17.9%.
In the first two sessions of the 2021 open sale, 361 of the 456 horses through the ring were sold for a total of $90.251,000. The overall average for the first two sessions last year was $250,003 and the median was $175,000. The cumulative RNA rate was 21%.
“The metrics are very similar to last year, and last year was a good year as well,” said Cormac Breathnach, director of sales operations at Keeneland. “We continue to use the median and RNA as a measure of overall market depth and health. Averages are great for headlines and for some people, but averages are a good indicator of what’s going on. depth and today in the sense that it is strong day.”
Walker Hancock, president of Claiborne Farms, which has sold nine of its 12 rabbit broods and promising crossbreeds, says the activity takes place in batches throughout the day.
“You just hope you sell one at the right time, not the wrong time. It feels a bit strange today,” he said. “We sold one for $550,000 which we were delighted with, we also sold a few that we thought we could make a little bit more. It really just depends on the horse. things; it’s like a trend, if they want them, they’ll give you the money, and if they don’t, you’re lucky to have them. “
Chance Timm, a Grovendale Sales partner who sold a mare for $750,000 three hips after selling one for $700,000, said the availability of online bidding may have changed the feeling. of the sale on the basis.
“I think the advent of e-procurement has changed the dynamics in the back-end a bit,” he said. “So it does feel a bit speckled at times, but like the two mares we sold, when you bring one they want, they’ll be there, I can assure you.”
Michael Smith (l)
Michael Smith, regional representative for the China Horse Club, said that even if the market is strong, there is still a chance to be found.
“It’s very powerful, but if you do your homework and continue to sift through them, you can also get a bit of a value. I think today we bought a very good, broad-spectrum, some real variety. Good product for the race,” he said.
The sale continues on November 9 with the second edition of Volume 2 including Hips 617-995. The session starts at 10 a.m. ET.
