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Brazil Yearlings: Average Up Almost 300%
Overall 30 yearlings sold (from 51 offered) for total receipts of US$1,169,165 with an average price of US$38,972 & a clearance rate of 59%. Keeneland Association's associate director of sales Thomas Thornbury (who helped select the yearlings that comprised this year's catalogue) commented: "With the average increasing nearly 4 times last year's average, the results of the National Breeders Sale are something to be proud of. Tempering the celebration, however, is the fact that the Reserve Not Attained level (41%) was much too high. The quality on offer was exceptional, so it appears that Brazil suffers from what every other racing country in the world suffers from; too few owners, resulting in too few buyers for the annual crop of yearlings. Those in racing & breeding need to make a concerted effort to invite & introduce new owners to the sport of racing."