Strong Commerce Yields Positive Results as Keeneland September Yearling Sale Conclude
LEXINGTON, KY (Sept. 26, 2015) – Keeneland’s September Yearling Sale closed Saturday following nearly two weeks of robust trade that generated solid gains led by a record-equaling median price and the sale of 11 seven-figure yearlings. Results reflect a continued trend toward stability in the Thoroughbred market.
Gross receipts for the 12-day sale, held Sept. 14-26, totaled $281,496,100, surpassing total sales of $279,960,500 recorded during last year’s 13-day auction. Keeneland sold 2,745 yearlings this year compared to 2,819 in 2014.
The cumulative average increased 3.26 percent, from $99,312 to $102,549.
The median, a key gauge of a healthy market, remained unchanged from the record $50,000 posted in 2013 and 2014.
“Brisk trade was seen at every level of the market,” Keeneland President and CEO Bill Thomason said. “There is an underlying current of optimism, and buyer enthusiasm was not dampened by the economic volatility of this past summer. As we’ve seen in recent years, buyers are willing to stretch their budgets to get the exceptional horses. Consignors who brought a top horse were very well rewarded.”
Read more: https://www.keeneland.com/sales/strong-commerce-yields-positive-results-keeneland-september-yearling-sale-concludes