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Keeneland 2-Day Cumulative Average Down 19.3%

Friday, 13th November 2009

Cumulatively after the initial 2 sessions at Keeneland, gross revenue of US$71,651,500 was down 20.41% (last year US$90,027,000). The cumulative average price of US$242,886 was down 19.33% (from US$301,094) & the cumulative median of US$160,000 was down 5.88% (from last year’s US$170,000). The cumulative buy-back rate was 22.4% (down from 36.4% in 2008). Bloodhorse.com also noted: “Sheikh Mohammed's bloodstock manager John Ferguson, who was the biggest spender at the 2007 & 2008 editions of the Keeneland November sale, isn't at the auction this year & no purchases had been made in his name through the 2nd day. In 2008, Ferguson spent US$9,010,000 for 7 horses & he paid US$19,450,000 for 6 head in 2007.”

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