Keeneland Association, Inc. of Lexington, Kentucky is both a Thoroughbred Racetrack and an auction company. This year it has sold 115 horses for $33,807,000. Down 41.01% from the corresponding session in 2008 when 146 horses brought in $57,310,000. Average price for the session was $293,974, down 25.11 % from last year’s average of $392,534. However median price decreased by just $50,000 from $300,000 to $250,000.
According to a post on the Keeneland website, John Ferguson, representing Sheikh Mohammed bin Rashid al Maktoum, out dueled John Magnier of Coolmore Stud to purchase Storm ‘N Indian for $2.05 million - topping the Tuesday session of Keeneland’s September Yearling Sale.
The colt, from the last full crop of leading sire Storm Cat, is the first foal of the champion mare Fleet Indian. He was consigned by Taylor Made Sales Agency, as agent for breeders Frank and Jane Lyon’s Summer Wind Farm. The Lyons purchased Fleet Indian, carrying this foal, privately from owner Paul Saylor after the mare failed to meet her reserve at Keeneland’s 2007 November Breeding Stock Sale.
“Fleet Indian was a champion and a star of a mare. He (the colt) is very athletic with a great pedigree,” Ferguson commented.
Duncan Taylor, President of Taylor Made, agreed with Ferguson’s assessment. “He’s a big, strong, sound colt; very correct and very athletic. Frank and Jane Lyon are good horse people who raise quality stock.”
Ferguson, also on behalf of Sheikh Mohammed, paid $1 million, co-second-highest price of the day, for a half-sister to champion and sire Vindication and Risen Star Stakes (G3) winner Scipion. Consigned by Stone Farm, agent, the filly is by Unbridled’s Song out of graded stakes winner Strawberry Reason, by Strawberry Road (AUS).
“She’s an outstanding individual, a real athlete,” Ferguson said. “She was raised at Stone Farm, which everyone knows is one of the greatest nurseries in America. She is a filly that has consistently throughout the year been exceptional.”
Ferguson, for Sheikh Mohammed, was leading buyer through the first two days of the sale, purchasing 31 yearlings for $13,460,000.
O’Byrne, as agent for Coolmore, went to $1 million to acquire a half-brother to recent Darley Debutante Stakes (G1) winner Mi Sueno. The colt, by A. P. Indy out of 2004 Ashland Stakes (G1) winner Madcap Escapade, was consigned by Hill ‘n’ Dale Sales Agency, agent.
“Based on appearance and pedigree, he was my favorite horse of this sale,” O’Byrne said, adding that the colt will race in the United States.
Keeneland sold 115 horses on Tuesday for gross sales of $33,807,000, down 41.01 percent from the corresponding session in 2008 when 146 horses brought $57,310,000. Average price for the session was $293,974, down 25.11 percent from last year’s $392,534. Median price decreased 16.67 percent from $300,000 to $250,000.
“The sale is a reflection of what’s going on in the world; every other market in the economy is down,” said Keeneland Director of Sales Geoffrey Russell.
“On the positive side, the results of these sessions may show the industry to be affordable, and encourage people to buy horses,” Russell added. “These prices, coupled with the benefits to horse owners under the new economic stimulus bill, may be the push some need to get involved in the industry.”
Cumulative gross sales for the first two days were $58,756,000, down 48.17 percent from last year’s $113,357,000. Average was down 29.96 percent from $377,857 to $264,667, while the median price of $215,000 declined 28.33 percent from the $300,000 posted in 2008.
Special Note: Richman’s IMC will soon be looking to purchase horses for its members in preparation of the start of horse racing at its racecourse in China. Contact The General Manager of Richman’s Racing at richmansracing@gmail.com for more information.
According to a post on the Keeneland website, John Ferguson, representing Sheikh Mohammed bin Rashid al Maktoum, out dueled John Magnier of Coolmore Stud to purchase Storm ‘N Indian for $2.05 million - topping the Tuesday session of Keeneland’s September Yearling Sale.
The colt, from the last full crop of leading sire Storm Cat, is the first foal of the champion mare Fleet Indian. He was consigned by Taylor Made Sales Agency, as agent for breeders Frank and Jane Lyon’s Summer Wind Farm. The Lyons purchased Fleet Indian, carrying this foal, privately from owner Paul Saylor after the mare failed to meet her reserve at Keeneland’s 2007 November Breeding Stock Sale.
“Fleet Indian was a champion and a star of a mare. He (the colt) is very athletic with a great pedigree,” Ferguson commented.
Duncan Taylor, President of Taylor Made, agreed with Ferguson’s assessment. “He’s a big, strong, sound colt; very correct and very athletic. Frank and Jane Lyon are good horse people who raise quality stock.”
Ferguson, also on behalf of Sheikh Mohammed, paid $1 million, co-second-highest price of the day, for a half-sister to champion and sire Vindication and Risen Star Stakes (G3) winner Scipion. Consigned by Stone Farm, agent, the filly is by Unbridled’s Song out of graded stakes winner Strawberry Reason, by Strawberry Road (AUS).
“She’s an outstanding individual, a real athlete,” Ferguson said. “She was raised at Stone Farm, which everyone knows is one of the greatest nurseries in America. She is a filly that has consistently throughout the year been exceptional.”
Ferguson, for Sheikh Mohammed, was leading buyer through the first two days of the sale, purchasing 31 yearlings for $13,460,000.
O’Byrne, as agent for Coolmore, went to $1 million to acquire a half-brother to recent Darley Debutante Stakes (G1) winner Mi Sueno. The colt, by A. P. Indy out of 2004 Ashland Stakes (G1) winner Madcap Escapade, was consigned by Hill ‘n’ Dale Sales Agency, agent.
“Based on appearance and pedigree, he was my favorite horse of this sale,” O’Byrne said, adding that the colt will race in the United States.
Keeneland sold 115 horses on Tuesday for gross sales of $33,807,000, down 41.01 percent from the corresponding session in 2008 when 146 horses brought $57,310,000. Average price for the session was $293,974, down 25.11 percent from last year’s $392,534. Median price decreased 16.67 percent from $300,000 to $250,000.
“The sale is a reflection of what’s going on in the world; every other market in the economy is down,” said Keeneland Director of Sales Geoffrey Russell.
“On the positive side, the results of these sessions may show the industry to be affordable, and encourage people to buy horses,” Russell added. “These prices, coupled with the benefits to horse owners under the new economic stimulus bill, may be the push some need to get involved in the industry.”
Cumulative gross sales for the first two days were $58,756,000, down 48.17 percent from last year’s $113,357,000. Average was down 29.96 percent from $377,857 to $264,667, while the median price of $215,000 declined 28.33 percent from the $300,000 posted in 2008.
Special Note: Richman’s IMC will soon be looking to purchase horses for its members in preparation of the start of horse racing at its racecourse in China. Contact The General Manager of Richman’s Racing at richmansracing@gmail.com for more information.
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