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With the number of horses cataloged reduced significantly by Keeneland officials and the two select sessions Sept. 12-13 switched from daytime to nighttime, the average price and median price rose 31.8% and 32.6%, respectively, from a year ago. In addition, the buy-back rate fell to 31.4% from 38.2% in 2009 and on the opening night, an A.P. Indy – Balance colt brought $4.2 million, the highest price for the auction since Meydan City sold for $11.7 million in 2006.
“It may be the format, and it may be something else, but I think the market has been solid,” Goodman said Sept. 13. “It’s awesome.”
The 127 horses that were sold during the two select sessions represented a 45% decline from a year ago when the total was 222. But their gross of $44,305,000 was down much less sharply, falling 24.6% from 2009’s comparable figure of $58,756,000. Two yearlings brought seven-figure prices, down from three last year.
Dubai’s ruler, Sheikh Mohammed, didn’t attend the select sessions, and his bloodstock manager, John Ferguson, purchased only two horses after buying 31 yearlings and spending $13,460,000 in 2009. But a host of foreign and domestic shoppers poured into the Keeneland sale pavilion and filled the void.
Another member of Dubai’s ruling family, Sheikh Hamdan, was at the September auction for the first time in several years, and he was the select sessions’ biggest spender, paying $5,110,000 for 12 yearlings. South Florida healthcare magnate Benjamin Leon Jr., attending his first Thoroughbred sale, ranked second, spending $5,060,000 for three head in the name of his Besilu Stables.
Also active were B. Wayne Hughes of Spendthrift Farm, Elizabeth Moran’s Brushwood Stable, Roy and Gretchen Jackson of Barbaro fame, and Florida pinhookers along with shoppers from Japan, Europe, and Qatar.