Aggregate crashes 45
per cent at Keeneland
Day 1 Keeneland January Sale comparative results ($)
A 45 PER CENT crash in aggregate marred the opening session of the Keeneland January Sale in Kentucky on Monday, thus dampening hopes that the auction would build on last year's brighter Keeneland November Sale.
Keeneland reported that 178 of 256 horses offered during Monday's session sold for a total of $6,592,600. The average and median also suffered, dropping 37 per cent and 26 per cent to $37,037 and $20,000, while the day's top price of $325,000 fell far short of last year's $950,000 high.
"This session illustrates why it is difficult to compare the January Sale from year to year," explained Geoffrey Russell, Keeneland's Director of Sales. "Last year at the first session, we had joint sale-toppers (IslandFashion and Almonsoon) at $950,000 each. However, we had strong, steady sales today and we have some strong prospects continuing into tomorrow.
"As expected, the market is undergoing a reset and adjusting to thenew market reality. The most important indicator for this sale in my judgment is that horses are moving and that there is a market for sales.
"While the clearance rate isn't as high as the first session last year, it still is a strong rate indicating that there is an interest in-and a market for-quality horses. In this environment, that is the most important thing at this juncture."
Stakes winner Miss Catalyst topped day one of the Keeneland January Sale at $325,000PICTURE: Z
Last season's Pebbles Stakes winner Miss Catalyst brought the day's highest price when selling to Steve Davison's Twin Creeks Farm for $325,000.
Randy Gullatt, manager of the Kentucky-based operation, signed the ticket. The four-year-old daughter of Mr Greeley is currently recovering from a stress fracture in her left tibia, and according to Gullatt, willresume training with Todd Pletcher in about 45 days.
Gullatt added: "She's a very good-looking filly with good broodmare potential and the potential to improve as a racehorse."
Spherical, a daughter of Storm Cat and Grade 1 Oak Leaf Stakes winner City Band, headed the early exchanges of trading when selling for $300,000 to agent Norman Owens on behalf of an undisclosed client.
Owens said: "The main reason I bought this mare is because she is in-foal to Distorted Humor. He's one of the best value stallions around right now in my opinion. He’s got a lot of good two-year-olds coming, and he's just a good sire."
European buyers on the mark included Emerald Bloodstock, BBA Ireland and Mag's O'Toole.