Keeneland’s 81st November Breeding Inventory Sale closed Nov. 13 following 9 days of vibrant commerce from a worldwide shopping for bench that yielded wholesome across-the-board good points, led by product sales of $196,442,900, together with personal gross sales and a file median of $40,000 to sign continued purchaser confidence and market stability. Demand for high quality spurred competitors in any respect ranges of the market, highlighted by 9 horses that bought for greater than $1 million and topped by $2.4 million for grade 2 winner Roses for Debra . A powerful November Sale foal market produced the 2 costliest weanlings bought at public public sale in North America for the 14th time in 15 years, in response to Keeneland.
“This fall at Keeneland has been a testomony to ahead momentum and confidence in the way forward for our sport globally,” Keeneland president and CEO Shannon Arvin stated. “The optimism and pleasure across the grounds has been palpable, from the September Yearling Sale by way of the autumn meet, at Del Mar for our first Championship Sale and now into November Gross sales.”
Throughout the November Sale, held Nov. 5-13, Keeneland bought 2,158 horses (together with post-sales)Â for $196,442,900, a rise of 4% over final yr’s nine-day public sale, when 2,221 hips bought for $188,891,000.
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The common worth of $91,030Â was up 7% from $85,048 in 2023.Join BloodHorse Every day
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The cumulative median worth rose 25% from $32,000 to $40,000, exceeding the file of $37,000 set throughout the 2021 November Sale. The clearance fee was 83%.
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“General, this was a really sturdy, honest market from begin to end,” Keeneland vp of gross sales Tony Lacy stated. “Ebook 1 gross jumped practically 15% from final yr with a much-improved clearance fee and that momentum powered the sale by way of the ultimate days.
Picture: Anne M. EberhardtTony Lacy
“Our technique for recruiting worldwide patrons and attracting patrons from home and regional areas is admittedly paying off,” Lacy stated of Keeneland’s year-round efforts to supply a deep and numerous shopping for bench. “Along with main patrons from established racing markets, patrons from creating breeding applications all over the world come right here to supply their bloodstock as a result of American pedigrees are extremely sought-after. We are the main sellers of grime pedigrees on the earth and numerous evolving jurisdictions are racing on grime, whether or not as a main floor or a secondary floor. As with all product, it is essential to have a marketplace for what you are producing. It is Keeneland’s accountability to generate that market and these outcomes are very encouraging.”
Depth of commerce coupled with an improved clearance fee and a file median have been all optimistic indicators of a bullish market even because the sale moved into the center and latter days.
Watch: Keeneland November Breeding Inventory Sale Ends
“The median, or the center worth in every session, is the barometer for the well being of the market that we all the time come again to,” Keeneland senior director of gross sales operations Cormac Breathnach stated.
“The common is nice for headlines, however yr to yr, once you’re taking a look at how a sale compares, the median and the RNA fee give a extra goal viewpoint. The median rose in most classes of this sale in comparison with final yr and ended up a file for the sale. The RNA fee is a degree decrease than final yr. This exhibits that these horses are marketable and there is a purchaser base right here to choose them up at a really excessive fee.”Â
The aggressive surroundings was mirrored within the mixture of main home and worldwide patrons, which included contributors from resurgent racing markets all over the world. The highest 12 highest-priced horses have been bought by 10 totally different pursuits.
“I’m all the time happy with the worldwide recruiting that Keeneland does, particularly for the second half of the sale” stated Grey Lyster of Ashview Farm, which bought eight horses for $2,020,500, led by Krissy’s Sweet for $1.5 million to Summer time Wind Equine. “There was loads of worldwide presence. We’ve got all the time had sturdy European presence, however the Australian presence was implausible, and the Japanese have been coming for many years and appear to be stronger yr after yr. The globalization of the market has been nice.”
“We had a implausible sale,” stated John Sikura, whose Hill ‘n’ Dale at Xalapa bought 141 horses for $14,050,900, together with put up gross sales. “It’s a reinforcement of the market actuality which is that elite mares with race information coated by the best sires are attributes extremely coveted by worldwide patrons and outcomes have been important throughout the board.”Mandy Pope’s Whisper Hill Farm paid $2.4 million for the sale-topping Roses for Debra, a 5-year-old daughter of Liam’s Map   consigned by Sweet Meadows Gross sales, agent. Whisper Hill was the sale’s main purchaser with 13 purchases for $6,635,000. They included the $600,000 excessive vendor of the fourth session, the Curlin  filly Adoptable, from Claiborne Farm, agent.
“We’re not the most important consignment and to have a sale topper could be very particular for (Sweet Meadows proprietor and Keeneland trustee) Everett Dobson, along with his involvement with Keeneland and the business,” stated Matt Lyons, senior vp and CEO of Sweet Meadows Farm, which bought 11 horses for $3,068,000. “It was additionally very particular for John O’Meara who’s our associate in Roses for Debra and who I’ve recognized for a very long time. It was an amazing thrill.”Â
Different main patrons with whole purchases exceeding $2 million have been Willingham Stud, Katsumi Yoshida of Japan, and such United States operations as Travis Boersma’s Flying Dutchmen, Stonestreet Stables, Summer time Wind Equine, Spendthrift Farm, and Gainesway.
The power of the November Sale weanling market was borne out within the outcomes, topped by colts by Into Mischief  and Curlin bought for $900,000 and $725,000, respectively, throughout Ebook 1.
Twenty-eight weanlings bought for $300,000 or extra. Fifteen of these 28 weanlings have been by seven first-crop sires: Flightline  , Olympiad  , Life Is Good  , Jackie’s Warrior  , Jack Christopher  , Golden Pal  , and Epicenter  .
Two first-crop sires topped the rankings for main sires of weanlings. Golden Pal led by product sales with $3,035,200 paid for 29 horses. His excessive vendor was a $325,000 filly consigned by Nursery Place, agent, and bought by Steele Stables.
Flightline led by common with three or extra horses bought. His 4 weanlings, which averaged $412,500, have been led by a colt consigned by Lane’s Finish, agent for the Full Dispersal of Solera Farm (Ed Seltzer) and bought to Traditional Equine for $575,000.
Picture: Anne M. EberhardtThe Flightline weanling colt consigned as Hip 241 within the ring on the Keeneland November Sale
The November Sale once more provided a number of mares in foal to established stallions and new sires of 2024. Stallions with their first in-foal mares to be provided on the sale included 2023 Horse of the Yr Cody’s Want  and champions Arcangelo  , Elite Energy  , Forte  , and As much as the Mark  .
The November Sale’s main overlaying sire was Justify  , whose 15 in-foal mares totaled $7,780.000. Curlin was the main overlaying sire by common with 5 in-foal mares averaging $755,000.
For the twenty seventh time since 1987, Taylor Made Gross sales Company was the November Sale’s main consignor. Taylor Made bought 323 horses for $32,859,600, together with put up gross sales.
“We’re the one consignor that sells in each session in November. In each session of this sale, our gross has been greater than the yr earlier than,” Taylor Made president and CEO Mark Taylor stated.
At Wednesday’s ninth and ultimate session, Keeneland bought 212Â horses for $2,919,800, up from $2,702,200 for 258Â horses bought final yr, together with personal gross sales. The common was $13,773, with a median of $8,000.Â
A number of graded stakes winner Tyson , consigned by Hill ‘n’ Dale at Xalapa, agent, as a stallion prospect, bought for $175,000 to Ed Value, agent, to be the very best worth Nov. 13. Out of the successful Sensible Strike mare Honouring, Tyson is from the household of champions Rags to Riches and Arcangelo.
Keeneland will maintain the November Horses of Racing Age Sale Nov. 14. Click on right here for the web catalog for the public sale, which begins at midday ET.
This press launch has been edited for content material and magnificence by BloodHorse Employees.
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