The 78th version of the Keeneland September Yearling Sale could seem on the floor to be enterprise as common when the motion kicks off Sept. 13 in Lexington, due to the stainless behind-the-scenes work of an skilled workers.
This would be the first sale, nonetheless, the place new vp of gross sales Tony Lacy and director of gross sales operations Cormac Breathnach step into motion as former director of gross sales Geoffrey Russell retires.
Russell introduced his retirement in April of 2021; the veteran horseman held his place at Keeneland for 25 years—the longest of anybody in Keeneland historical past. He might be seen on the grounds by the top of this yr appearing on a advisor foundation.
The Thoroughbred trade’s largest public sale, extending to Sept. 24 with only one darkish day (Sept. 17), this yr’s Keeneland September sale options 4,037 yearlings in a catalog that spans 11 periods. E-book 1 periods on Sept. 13-14 start at 1:00 p.m. ET, E-book 2 periods Sept. 15-16 begin at 11:00 a.m., and Books 3-5 start at 10:00 a.m.
The catalog boasts first dams whose produce have notched 134 grade 1 winners, 109 grade 2 winners, 159 grade 3 winners, and 345 stakes winners, as of Sept. 9.
“Simply by the weekend, we had 4 completely different updates in Echo Zulu (a half to Hip 43) winning the Spinaway Stakes (G1), Yaupon (a half to Hip 73) winning the Forego Stakes (G1) on Aug. 28, Grace Adler (a half to Hip 99) winning the TVG Del Mar Debutante Stakes (G1), and Gunite (a full to Hip 539) winning the Hopeful Stakes (G1),” Breathnach said. “It rubberstamps the quality of the catalog.
“There is tremendous energy in the buyer base right now and the fan base.”
The Quality Road filly consigned as Hip 315 at the
Keeneland September Sale
“We are optimistic; there is some pent-up demand. With Del Mar and Saratoga purses being healthy, along with syndications having an excellent year, it’s encouraging people to get involved and excited,” Lacy said. “Exposure has been elevated this year through Fox Sports and NBC. People are ready to get out and reload.”
While the COVID-19 pandemic is still on everyone’s mind, Keeneland will continue to practice social distancing protocols to keep customers safe. Online remote bidding and bidding by phone through the Keeneland Sales Portal online will be available for buyers to help navigate the industry’s changing landscape through the pandemic.
“Procedures will be on personal accountability. There will not be a requirement to show proof of vaccination, but we strongly encourage people to wear a mask while indoors,” Breathnach said. “Keeneland personnel will be required to wear a mask while indoors; unvaccinated employees will be tested weekly.
“On-site COVID-19 testing will be available every Tuesday to clients and in-house personnel.”
International clients can look forward to more relaxed restrictions on travel to Kentucky this year.
Takashi Iiyama with All In Equine at the Keeneland September Sale
“The willingness to participate from our foreign clients is higher than it has been in years, with no restrictions on many countries, including Japan,” Lacy said. “The European countries have had a strong influence here over the past years. We are reaching out to our representatives to help bring in the strong economic driver of overseas clients. There have been some challenges, but we feel for the vast majority everyone will be here.”
“The sales this summer leading into the September sale have been strong, being a domestic buying bench; it’s been solid thus far,” said Conrad Bandoroff of Denali Stud. “September is as international of a marketplace as anywhere in the world. We are looking forward to seeing familiar and foreign faces. Keeneland has worked hard to get everyone here, and we are going to see a continuation of the strength we have seen this year.”
The 2020 Keeneland September Sale saw 2,481 yearlings out of 4,272 cataloged change hands for $248,978,700. Donato Lanni as agent for SF/Starlight/Madaket was the leading buyer by gross, securing 28 horses for total receipts of $11,250,000. Stalwart consignor Taylor Made Sales Agency finished the two-week span as leading consignor grossing $29,783,400 with 252 horses sold. Medaglia d’Oro was the leading sire by average at the conclusion of the sale, with 18 of his yearlings selling for an average price of $599,722. Spendthrift Farm’s popular sire Into Mischief was leading sire by gross, culminating with 57 offspring changing hands for receipts of $25,401,000.
A son of Tapit out of grade 1 winner Tara’s Tango , by Unbridled’s Song , consigned as Hip 435 by Eaton Sales, agent for Stonestreet Bred & Raised, topped last year’s sale, selling for $2 million to Eclipse, La Penta, Gainesway, and Winchell. The colt, now named Capensis, has yet to start but has published recent works at Belmont Park.
Return of the Market
Outcomes for yearling gross sales in 2021 have proven a excessive return for breeders and consignors, with patrons blissful to be again doing what they love—shopping for future racehorses. Up to now in North America there have been 1,461 yearlings provided this yr, with 1,116 of these offered, bringing a median value of $92,925.
Yearlings out for present on the Keeneland September Sale
Consignors had been busy over the weekend within the barns on the Keeneland gross sales grounds as horses had been out on show to purchasers on the primary day of displaying.
“We’re excited to be right here at Keeneland,” Kerry Cauthen of 4 Star Gross sales mentioned. “The market is nice, as we proceed to do the seesaw out of COVID-19, we hope. It isn’t good. I feel earlier in the summertime all of us thought it might be simpler, we now have had a number of blips with getting the Europeans right here. Horse folks discover a approach, and Keeneland has achieved a very good job of getting everybody over right here.”
For the primary time, an RNA reoffer program might be put into play at Keeneland. After the ultimate cataloged hip of Session 2 goes by the ring Sept. 14, consignors could have the chance to reoffer any hips from the Sept. 13 first session that failed to fulfill their reserve. These reoffered horses will run by the ring a second time with a reserve in place that’s inside 15% above or beneath the preliminary hammer value.
“It’s a safeguard, and generally firstly of a sale, the market could not have fashioned but. Each horse and consumer is essential to us. If we are able to put a security web in place to assist folks really feel extra snug, giving a second layer of safety,” mentioned Lacy.
The Medaglia d’Oro filly consigned as Hip 81 on the Keeneland September Sale