The market was bullish at the top-end of the Keeneland 2YO Sale on Monday but the turnover and median both declined and the clearance rate dropped five points to 72%.
“We anticipated it would be selective sale and it was,” Keeneland’s director Geoffrey Russell said. “Buyers tended to concentrate on what they liked and they weren’t willing to go down to the next level.”
Turnover of $9.75 million was down 16% and the median dropped 8% to $120,000 compared to last year. On a more positive note, the average increased 1% to $165,332 and the number of horses commanding more than $500,000 rose from one to three.
The $700,000 sale topping colt is by Majestic Warrior from unraced Hennessy mare Counter Cat. Kentucky bloodstock agent John Moynihan bought the flashy chestnut for Barbara Banke’s Stonestreet Stables and George Bolton.
Florida-based Wavertree Stables pin-hooker Ciaran Dunne bought the colt for $137,000 from Elm Tree Farm at the 2011 Fasig-Tipton Kentucky July select yearling sale. “He was a stunning yearling,” Dunne said. There was only one horse I wanted at that Fasig-Tipton sale and it was him. He’s just absolutely outstanding and then he got on the track and performed.”
A Speightstown colt was next on the Keeneland leader board at $560,000. He will race for the same connections as 2011 USA Horse of the Year Havre de Grace.