Although Fasig-Tipton’s New York-bred preferred yearling sale in Saratoga confirmed last August that it has developed a life and momentum of its own, posting double-digit increases in average and median yet again, New York-bred yearling performance at the just-concluded 2014 Keeneland September yearling sale seems to be more a mirror of the general stability of the yearling market, showing no dramatic fluctuation, but holding on to the robust gains made at this venue in the previous two years.
This year 60 of 88 New York-bred yearlings offered changed hands during the thirteen sessions of the sale, generating gross receipts of $4,114,100. As set forth in the chart below, these numbers did not match 2013 levels, but last year all three indicators had realized triple digit gains over 2012. The bigger window shows that the numbers this year landed in the same ballpark as 2013, and remained worlds apart from the results of 2011.
New York-bred performance at the Keeneland September yearling sale 2011-2014 (% change from the previous year):
| 2014 | 2013 | 2012 | 2011 | |
| Number offered | 88 (-9%) | 97 (+131%) | 42 (-9%) | 46 |
| Number sold | 60 (-21) | 76 (+124%) | 34 (-11%) | 38 |
| % Not Sold | 32% | 22% | 19% | 17% |
| Total Sales | $4,114,100 (-33%) | $6,162,700 (+173%) | $2,255,500 (+35%) | $1,677,500 |
| Average | $68,658 (-15) | $81,088 (+22%) | $66,338 (+50%) | $44,145 |
| Median | $50,000 (+11%) | $45,000 (+39%) | $32,500 (n/c) | $32,500 |
This year’s New York-bred average of $68,658 did not rise to the heady level of 2013 ($81,088) either, but was up slightly from 2012 ($66,338), which had posted a 50 percent increase over 2011. The 2014 New York-bred median of $50,000, on the other hand, hit a new high for this sale, up 11 percent from $45,000 in 2013. Moreover the New York-bred median this year was identical to the median price in the general population of the sale.
The results for the New York-bred population at Keeneland are very much in keeping with the description of the overall sale results by Keeneland Vice President of Sales Walt Robertson. “We had a significant improvement in results the last two years,” said Robertson. “Now we’re seeing consistency and stability in the market.”
The New York-bred Keeneland sale topper was a Lemon Drop Kid filly bred by Gallagher’s Stud who was purchased in session four of Book 1 by Blandford Bloodstock for $400,000 (read more). She was one of five individuals who brought at least $200,000 over the course of the sale:
714 – Lemon Drop Kid/Honoria (IRE) (Filly bred by Gallagher’s Stud)
$400,000: Blandford Bloodstock
742 – Distorted Humor/J’ray (Filly bred by Lawrence Goichman)
$250,000: John McCormack Bloodstock LLC
1020 – Sidney’s Candy/Atlantic Ocean (Colt bred by SF Racing )
$240,000: Xavier International Bloodstock, Agent
769 – Super Saver/Latin Lynx (Filly bred by SF Racing, LLC)
$230,000: Nick de Meric, Agent
1304 – Speightstown/Scene Maker (Colt bred by Sequel Thoroughbreds & JMJ Racing Stable)
$220,000: JMJ Racing Stable
Click here for complete Keeneland results.
Click here for a listing of New York-bred hips at Keeneland.
