Daily News Archive

Search nearly 75,000 unique Daily News articles.

Daily News Subscription

Keeneland Nov Day-2: Average Down 4.16%

Friday, 13th November 2009

Broodmares from the dispersal of the Young family’s Overbrook Farm accounted for Day-2’s top 5 prices & a total of 38 Overbrook horses were sold during the session for US$20,957,000 at an average US$551,500. Meanwhile 169 horses sold on Day-2 for US$45,360,000 (up 7.98% from the corresponding session in 2008) at an average US$268,402 (down 4.16% from last year’s US$280,040) & a median US$175,000 (up 9.38% from US$160,000). With all Overbrook horses offered without reserves, the buy-back rate was only 13.3% (down from 34.5% a year ago). Keeneland director of sales Geoffrey Russell commented: “We knew the Overbrook dispersal would be a major attraction & the market has given a fitting response to the 30 years the Young family has invested in the thoroughbred industry. The results continue to demonstrate that quality sells; there’s still plenty of money for the right horse. The other impressive factor with regard to today’s session is that the clearance rate is up.”

« Previous
Return to
13th November 2009 News
Next »