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Wednesday
Sep142011

KEENELAND SEPTEMBER RUNAWAY TRAIN

keeneland september sale hip 307

HIP 307 - Keeneland Sale Tuesday Top Lot
(Photo : Bloodstock Journal)

KEENELAND SEPTEMBER YEARLING SALE
11 - 24 September 2011

Well, not quite a runaway train, but the Keeneland September Sales in America continued to roar ahead on the third day, with the cumulative average up more than 10% on the corresponding day last year, and the median (the mid-price, and the one that really counts when it comes to measuring market depth) up a remarkable 33,3% (at $200,000 or +- R1,5 million). The encouraging thing is that the top 11 horses (seven colts and four fillies to make $400,000 plus) all fell to domestic buyers; no sign of the Maktoums or Coolmore. A strong domestic market is fundamental to the strength of any economy, and this is a particularly encouraging result for America, given their downscaled credit rating and their structural economic difficulties of the current time. Here are yesterday’s prices:

KEENELAND SEPTEMBER TOP LOTS
Tuesday 13 September 2011

HIP Sex $
307 F 1,200,000
469 C 600,000
426 C 510,000
398 C 470,000
437 F 460,000
400 F 450,000
321 C 410,000
312 C 400,000
353 C 400,000
404 F 400,000
483 C 400,000

Hard to imagine, but wouldn’t it be marvellous if this were the Ready To Run.

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