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Carribean Sunset - Leopardstown 06.04.08

Carribean Sunset was one of three $1 million-plus purchases

  PICTURE: Caroline Norris   

Russell happy with 'solid start' to Keeneland sale

PRAISING a "solid start" to Keeneleland's November Sale, director of sales Geoffrey Russell said: "The list of top buyers is very international in nature--Irish, French, Australian, and Japanese. And the domestic market has been stronger than expected, so that's good as well. I feel like we're off to a good, solid start."
 
A total of 183 horses sold for a gross of $38,970,000. The average was $212,951, while the median was $140,000. In 2009, 126 horses sold during the opening session of the sale for $26,291,500. The average was $208,663, and the median was $160,000. This year, the buy back rate was 19.38%, an improvement from 31.89% last year.
 
Only one horse sold for a million or more in the opening session of the 2009 sale, compared to the three this year. Additionally, 15 horses sold for $500,000 or more this year, compared to nine in 2009.
 
"We feel the industry benefits when the Breeders' Cup is held locally," said Russell. "It draws more buyers, both internationally and domestically, when they can take in the Breeders' Cup and then attend the sales."

 

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