Postitive trade continues at Keeneland September
KEENELAND's September Sale continued its positive trend when the start of Book 3 saw key rises in turnover, average and median.
With 296 horses sold for $25,791,000, the sale claimed a 25 per cent increase on last year, when 280 yearlings made $20,613,500.
The average price after Saturday night's trading was $87,132, up 18 per cent on the $73,620 posted in 2011, while the median of $70,000 was up 37 per cent on last year's $51,000.
With the clearance rate running at 79 per cent, the opening session of Book 3 suggests signs of a resurgence in the US market may not be limited to the top tier.
After five days of September selling, 951 yearlings have been sold for $158,644,000, at an average of $166,818 and a median of $120,000. Last year after six sessions (when there were two days' of select selling compared to one), 1,033 horses had been sold for $165,830,000, an average of $160,532 and a median of $110,000. That represents a four per cent rise in average, and a nine per cent increase in median.
A colt by Empire Maker topped the fifth day, selling for $430,000 to bloodstock agent Mike Ryan. Consigned by Lane's End as agent, the colt is out of the stakes-winning Pulpit mare Katerbug, a half-sister to Private Terms Stakes winner Raconteur. A Birdstone colt sold for $385,000 to Charlotte Weber's Live Oak Plantation. The Gainesway- consigned yearling is out of a half-sister to Preakness winner Shackleford.
Six lots made more than $300,000, three of them by Gainesway stallion Tapit.
The sale concludes on Friday.