Keeneland Thoroughbred Sale Closes with Record $340 Million Gross

Keeneland's record-setting November breeding stock sale came to a close Nov. 19, setting a new standard for gross receipts of $340,877,200.

In all, 3,381 horses were sold during the 15-day sale, an increase of 7.4% over the 14-day sale of 2006, and the second-highest November sale total behind the 3,461 in 1999. The average of $100,821 was up 1.1% and was the second highest in the history of the sale, trailing the $102,842 of 2005.

The cumulative median was $35,000, which matched the sale-record figure attained in each of the last three years, while the buy-back rate of 22.2% was an improvement over the 2006 percentage of 23%.

As he said throughout the sale, Keeneland director of sales Geoffrey Russell believes the story of the 2007 November sale rests in a weakened U.S. dollar, which provided value-buying for international purchasers.

"The strength of this sale is the weakness of our dollar--that, and the popularity of the American Thoroughbred," Russell said. "We have a large domestic market that no other country in the world has anything like. And then you add in the international flavor to it, it creates a wonderful atmosphere. No other sale company in the world has that advantage."

(Originally published at BloodHorse.com.)

About the Author

Ryan Conley

Ryan Conley writes for the Star-Banner in Ocala, Fla. He is a past correspondent for The Blood-Horse

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