The Keeneland January Sale concluded on Friday with gains in turnover (19%) and average (8%) after five sessions.
A total of 1,105 horses grossed $45.20 million while the average rose to $40,912. The median stayed level at $15,000.
“The horse industry is remarkably resilient, and we see greater evidence of market confidence with each sale,” Keeneland vice-president Walt Robertson said. “It continues to be a highly selective, highly competitive market characterized by strong trade. The money, and just as importantly the enthusiasm, is there for quality individuals, and that makes for a very healthy outlook.
“Now that the initial shock of the 2008 financial crisis is behind us, people are getting back to business. Supply is falling in line with demand, which is creating a buoyant marketplace. There was great traffic through the sales barns, and great interest in broodmares, which signals buyers’ long-term commitment to the horse business.”
The January Sale was further enhanced by the complete dispersal of Fares Farm which comprised 78 horses that sold for $7.31 million.
The Day 5 session topper was a yearling colt by Kitten’s Joy that made $100,000. A New York-bred chestnut from Esther Got Even (Stephen Got Even), he was knocked down to Greendale Bloodstock.
Friday’s trade saw 181 horses sell at an average of $8,391. Full details can be viewed at: www.keeneland.com