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Kentucky Yearlings Day-1: Average Down 26.9%
Meanwhile at the end of Day-1 at Keeneland, 171 lots had sold for US$67,395,000 (down 23.3% on last year's 163 sold for US$87,900,000). At the top end, 11 yearlings (5 colts & 6 fillies) sold for US$1 million or more (last year 16). The US$394,123 average was down 26.9% (from last year's record US$539,264) & the US$300,000 median was down 3.2% (last year US$300,000). And 54 horses did not meet their reserve (down 14% from last year). Keeneland director of sales Geoffrey Russell summed up: "I feel the whole sale start-to-finish was very good. We did not experience the same fireworks we did last year, but we anticipated that going in. There are 2 major buyers in the world (Sheikh Mohammed & Coolmore Stud) & if they don't clash on the same horse, there's no one to fill the void. Last year we had several big horses (2006's 1st session was topped by a US$8.2 million yearling). The quality is still the same as last year & the 'not sold' rate is very healthy, which means the reserves were placed at very reasonable levels. I was a little disappointed that the median was down, but it's not down that much."