Here is a combination of two of the three* most hated off-topic post topics** at this blog (September Keeneland sale ...):
The first day of the Keeneland September Yearling Sale’s opening session saw across-the-board declines and failed to sell a horse for at least $1 million for the first time since 1996.
The declines represented a bad cocktail for sellers that mixed the recession, overall declines in the thoroughbred market and yearlings that were supposed to be the payoff for some of the highest stud fees ever just a couple years ago.
The first-day average of $233,168 was down 35.93 percent from a year ago, while the median of $200,000 was off 33.33 percent. The gross of almost $25 million declined 55.49 percent based on 107 horses sold, which was a 30.52 percent decrease.The horses that failed to meet the minimum price set by the seller increased to 41.21 percent from last year’s 29.03 percent.
Someone should study this market!
*Three most hated off-topic post topics:
- Sports
- Macroeconomics
- Personal
