Horse Racing

Keeneland’s vibrant November sale ends

Keeneland’s November stocking sale ended on November 16, seeing strong results and vibrant participation worldwide. The 10-day event is held right after the remarkable Breeders’ Cup World Championship in Keeneland.

The sale was highlighted by Midnight Bisou who auctioned off with Japanese buyer Katsumi Yoshida for $5.5 million in the November 7 opening session.

Tony Lacy, vice president of sales at Keeneland, said: “We work hard to build the top of each category and sale to ensure we’re high-quality.” Buyers and breeders have supported us in that effort and I feel like buyers have responded.”

This year, the deep buy bench has seen 13 offers bringing in more than $1 million, led by Midnight Bisou, the 2019 champion, the older female who sold the ponies to the leader of the herd faucet ; she was consigned by Hill ‘n’ Dale as Hip 235 at Xalapa to owners Jeffery Bloom and Chuck Allen.

The Keeneland President said: “With the end of the November Pet Sale, Keeneland is closing in on a remarkable fall. We extend our sincerest thanks to everyone who supported the Monthly Sale. September and November, our fall meet and Breeders’ Cup.” and Chief Executive Officer Shannon Arvin said. “Since September, we’ve been working hard to showcase the best in purebred racing and sales, and we’re honored to have the opportunity to share Keeneland with a global audience. Our November prices benefit from the excitement of the Breeders’ Cup, the sale of Flightline benefits and the Book 1 fireworks, creating positive experiences from start to finish.”

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Cormac Breathnach, Shannon Arvin, November 2022 Sale at Keeneland
Photo: Photo Keeneland

Cormac Breathnach and Shannon Arvin

A once in a lifetime opportunity to buy at 2.5% interest on Breeders’ Cup Champion Flight route Successfully started the sale on the first day of the sale, seeing crowded booths and a new virtual reality experience in the metaverse go live. Tapit’s undefeated son, four-time 1st grade champion lit up the bidding table, with the electric action in favor of Freddy Seitz. Seitz won with $4.6 million, acting as an agent for an undisclosed client.

“We always try to push the boundaries and this is a situation where all the stars are aligned,” Lacy said. “When Flightline was brought into the conversation with the possibility of selling him a small portion of the interest in November, things started to go well. After he won (TVG) Pacific Classic (Stakes, G1), everyone Things became real going into the Breeders’ Cup. The whole industry was in complete awe of what he had achieved and his future as a stallion. To put something like this together. together, it’s been a huge legal and logistical effort, it’s been a very exciting adventure for all of us involved. I’d like to thank West Point, Lane’s End and all the The partners in Flightline made this happen. It went better than we could have expected.”

Tony Lacy with Keeneland out during the sale.
Photo: Anne M. Eberhardt

Tony Lacy

At the end of the last session on November 16, Keeneland reported 154 of the 187 horses that passed through the ring on Wednesday were sold for a total of $1,148,600, with an average price of $7,458. and the average price is $3,600. Thirty-three individuals who failed to meet their reserve to represent an RNA ratio of 17.6%.

The last day of last year’s sale was backed by the Horses of Racing Age section, which this year will be held as a standalone sale on November 17.

In the last trading session last year, 231 of the 262 horses offered for sale were sold for a total of $9,122,400, with an average of $39,491 and a median of $14,000. Thirty-one horses remain unsold, representing an RNA ratio of 11.8%.

Cormac Breathnach, sales manager at Keeneland, said: “In Volume 1 of November, there were 45% more piglets weaned than in the previous year’s book. We have really had great support. from breeders and depositors. We depend a lot on them.” “This sale is only as good as the category you can put together. The response has been great and the market is bullish, so we’re having a good time in the industry and getting some support. Great support from everyone.”

Cumulating over 10 sessions, 2,324 of the 2,868 horses offered for sale were sold for a total turnover of $211,730,400, showing a slight increase of 1.9% year over year. The median price rose 11.1% to $91,106 and the median price fell 5.4% to $35,000. Five hundred and forty-four horses did not reach the reserve, accounting for 19.0%.

Cumulative figures for 2022 do not include a $4.6 million fractional interest in Flightline to help provide an accurate comparison to the prior year.

Cumulating last year, a total of 2,534 horses were sold out of 2,988 through the ring for a total of $207,835,500, with an average of $82,019 and a median of $37,000. Four hundred and fifty-four horses failed to meet their reserves, representing an RNA ratio of 15.2%.

Breathnach commented: “The international market is an important part of the sales results. Japanese buyers are extremely active, especially those at the top, which, despite fluctuating exchange rates, are not conducive to the domestic market. them compared to last year”. “It’s nice to see Mr. Yoshida buying Midnight Bisou for $5.5 million. Among many other horses that have been bought and sent abroad, it’s gratifying, especially Midnight Bisou’s relationship, We are grateful to all the international participants; we had buyers from 29 countries participate in the sale, which was a premium price compared to what we expected. wait; with the dollar so small, it’s nice to have international support.”

Katsumi Yoshida spent the total proceeds of $9,700,000 on three purchases to become the highest-grossing buyer. Those purchases include Midnight Bisou, France’s 1st group winner dreamer who competed for the FanDuel Breeders’ Cup Mile presented by PDJF (G1T) and sold for $2.7 million and $1.5 million to the 2nd place winner fighter .

The weaning feed market continues to be highly competitive, producing North America’s highest priced weaning feed for the fourth year in a row. The results demonstrated the need for quality individuals: Fifty-two weaners sold in Book 1 for $12,715,000, an average of $244,519 and a median of $200,000.

A weaning baby of Darley’s male leader Medaglia d’Oro out of the mare Storm Cat wins the bet Serena’s Cat received $1.5 million from Coolmore’s Magnier MV. Hill ‘n’ Dale of Xalapa deposited the young, Hip 161. The cub was the highest priced weaner sold at the Keeneland November Sale since 2015.

Bill Farish’s Lane’s End Ranch traded 128 of their 140 horses (including Flightline shares, 129 of 141) horses under their banner for $18,860,400 (23,460,400) dollars), with an average price of $147,347 ($181,864) each, becoming the top shipper by total.

Gainesway’s prolific Tapit male once again leads the way from start to finish responsible for breeding 26 horses sold for a total of $9,507,000, at an average of $365,654, supported by Flightline. Spendthrift . Farm into naughty Stallions led the way in total sales excluding stallions, with 31 stallions selling for $6,961,500 and an average of $224,565. newcomer Quack was recorded as a cover stallion for 27 mares sold for a total of $8,472,000, averaging $313,778 per mare, being the highest-grossing cover stallion.

Once the stock sale has ended, buyers can move on tomorrow to participate in the Keeneland Racehorse Sale, which begins at noon ET, giving trainers and buyers plenty of time. to view stock as an on-site template.

Scenics, November 2022 Sale at Keeneland
Photo: Photo Keeneland

Buyers are checking out Horses of the Equestrian Age ahead of the November 17 sale

Lacy explains: “For the first year, Horses of Racing Age will be sold separately for a number of reasons: a later deadline allows people to tailor their plans to horses that are actively running. the catalog is more dynamic; we can highlight it with a larger online presence and more form metrics and data related to each product. Signed is August 1st just like you do for livestock stock sales; you are limited by the number of horses in each session.And another important reason why, those racehorses, are usually ranked. in the second half of the latter parts of Books 3 and 4, will occupy positions where breeders want mares and ponies.”

As of Wednesday evening, the portfolio of 356 horses had been reduced to 206, which is expected to be put up for auction tomorrow, with 150 individuals withdrawn from the sale.

“It’s sold separately now; it can have its own identity, have its own dynamic portfolio and build from here. It allows it to grow because the market for horse training is quite strong and that’s what we are for. considered growing. area as we move forward,” Breathnach said. “The place on the calendar, at this time of year, is the season when people move to new locations for winter racing. Overall, you can buy or sell stocks that you think are where you’re going or where you’re going. would be better elsewhere.”


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