‘Healthy Median And Low Buy-Back Rate’: Market Remains Strong During Keeneland’s Third Session

The bullish market continued into the third day of selling at Keeneland's November Breeding Stock Sale, which recorded strong trade throughout the session evidenced by double-digit increases in gross, average and median prices and a buy-back rate of less than 19 percent. Breeze Easy purchased both the session's $725,000 top-priced broodmare – the Grade 3-producing Unbridled's Song mare J. Quirk, in foal to Game Winner – and the $375,000 top-priced weanling – J. Quirk's filly by Gun Runner, who was next in the sale ring. Both horses were consigned by Denali Stud, agent.

On Friday, 242 horses sold for $38,134,000, an increase of 52.15 percent over the corresponding session of the 2020 November Sale when 196 horses grossed $25,063,000. The average of $157,579 rose 23.23 percent from last year's $127,872. The median of $140,000 was up 30.23 percent over  $107,500.

Cumulatively at this year's November Sale, Keeneland has sold 586 horses for $126,634,000, for an average of $216,099 and a median of $160,000. Through the first three sessions of last year's auction, 521 horses sold for $102,528,000, for an average of $196,791 and a median of $125,000.

“Today was pretty spectacular from start to finish,” Keeneland Director of Sales Operations Cormac Breathnach said. “The median, which is more representative of the bulk of the market, was $140,000. That's about $40,000 more than last year and $30,000 more than 2019, which was a banner year, so we are really beginning to push on from those levels. The buy-back rate was under 19 percent. A healthy median and a low buy-back rate really indicate an active market. It was a brilliant day but not just at the top. It was a very strong day all the way through.”

“There is depth of competition for the mares, and that is really encouraging as we step forward,” Keeneland Vice President of Sales Tony Lacy said. “As foal crops get a little lighter, we are seeing energized breeders. These are not people who are fleeting. These are professional, established breeders who are investing and being very determined for the future. I find that encouraging.”

J. Quirk, a 10-year-old mare from the family of Horse of the Year Tiznow, produced Lady Mystify, who scored an 18-length maiden victory at Santa Anita and in September captured the Remington Park Oaks (G3). Out of You're Beautiful, by Storm Cat, J. Quirk also is from the family of Grade 2 winners Budroyale and Tizdubai.

“We are going to race the filly,” Breeze Easy Managing Director Mike Hall said. “The mare has produced a lot of good physical horses that have also done well. We came for the mare and at the last minute decided to get the weanling. I was a little shocked on the price. I stopped several times.”

Bill Casner paid $460,000 for Summer Vacation, a 9-year-old half-sister to Grade 1 winners Creative Cause and Vexatious and Grade 2 winner Destin in foal to Twirling Candy. She is the dam of Grade 2-placed Ten for Ten. By Eskendereya out of Grade 1 winner Dream of Summer, by Siberian Summer, Summer Vacation was consigned by Hill 'n' Dale Sales Agency, agent.

“I've got a 3-year-old from the same family by Not This Time that was a good racehorse,” Casner said. “I love that page (for Summer Vacation), and this mare has had good production. In this market I would've liked to have gotten her for a little less, but the market will tell you what these horses are worth so I think it was fair enough on her.”

Grade 3 winner Orglandes (FR), who captured the Nov. 7 Zagora Stakes at Belmont Park, sold for $440,000 to Polo Green Stable, agent for Shimokobe Farm. Consigned as a racing or broodmare prospect by ELiTE, agent, the 5-year-old daughter of Le Havre in October was second in the Waya (G3) at Belmont. Orglandes, who is expected to remain in training, is out of the Dansili (GB) mare Influence and from the family of Group 2 winner Moiava (FR).

Andrew N. Warren went to $430,000 for Gale, a 4-year-old stakes-winning daughter of Tonalist carrying her first foal by Not This Time. Consigned by Gainesway, agent, she is out of stakes winner Windy Forecast, by Stormy Atlantic, and from the family of Grade 3 winners Thatlookonyerface and Lou Brissie.

Warren acquired four horses for $1.2 million to lead buyers during the session.

Gainesway, agent, was the leading consignor with sales of $5.31 million for 26 horses.

Curuzu, a 6-year-old winning daughter of Giant's Causeway in foal to Nyquist, was purchased by Benson Farm for $425,000. Indian Creek, agent, consigned the mare, a full sister to Grade 2 winner Chief Havoc whose dam is Grade 3 winner La Reina, by A.P. Indy. Curuzu also is from the family of champion Queena and Grade 1 winner Chic Shirine.

“She's one of the best (mares) I've seen today,” Benson Farm Manager David Shone said, “and she can obviously throw a good foal. Hopefully, she'll throw me a Nyquist that looks like that (Curuzu's weanling colt by Twirling Candy, who was the previous horse in the ring and sold for $200,000).”

Slimey, a 5-year-old stakes-placed daughter of Quality Road in foal to Uncle Mo, sold for $410,000 to Gage Hill II and Lane's End Farm. Consigned by Paramount Sales, agent, she is out of Argue, by Storm Cat, and is a full sister to stakes winner Quality Response. Slimey is from the family of European champion Rainbow View, Grade 1 winner No Matter What and Grade 2 winners Utley and E Dubai.

ELiTE, agent, also sold three mares for $400,000 apiece.

Magna Carta Bloodstock paid the amount for the 4-year-old Constitution mare Sevnteeneightysevn, a half-sister to Grade 1 winner and sire Great Hunter carrying her first foal by Kentucky Derby (G1) Presented by Woodford Reserve winner and Horse of the Year Authentic. Out of Grade 3 winner Zenith, by Roy, she also is from the family of Grade 3 winners Owendale and Promise Keeper.

Counterparty Risk (IRE), a 4-year-old daughter of Australia who won this year's Lambholm South Endeavour (G3), sold for $400,000 to David Lanigan, agent for Heider Family Racing. From the family of Group 2 winner Sarah Lynx (IRE) and Group 3 winners Steel Princess and Steel Prince, the daughter of the Acclamation mare Anklet was cataloged as a racing or broodmare prospect.

“We'll get her back into training and then make a decision on where she goes,” Lanigan said. “The plan is to run her next year. Depending on how that goes, a decision will be made (about whether she will join the broodmare band).”

The third mare consigned by ELiTE, agent, and sold for $400,000 was stakes winner New York Groove, a 4-year-old daughter of Verrazano carrying her first foal by Authentic. Woodford Thoroughbreds purchased New York Groove, who is from the family of Grade 3 winner Melhor Ainda. Her dam is Back Up Preacher, by Pulpit.

Woodford Thoroughbreds also acquired the fourth horse sold for $400,000, another mare carrying her first foal by Authentic. She was Mucho Amor, a stakes-winning 5-year-old daughter of Mucho Macho Man consigned by Paramount Sales, agent. The daughter of the Rock Hard Ten mare Raucous Lady is from the family of stakes winners John the Magician, Charming Ruckus and Smarter By the Day.

The November Sale continues Saturday with the first session of the two-day Book 3. The auction runs through Friday, Nov. 19 with all sessions beginning at 10 a.m. ET.

The final session on Nov. 19 will conclude with a single dedicated portion of horses of racing age following the conclusion of breeding stock. A total of 285 horses of racing age have been cataloged to the closing day and will follow the total of 148 head of breeding stock in the catalog.

Keeneland will accept supplements to the horses of racing age section through mid-November.

Click here for the online catalog for the horses of racing age in Session 10 of the November Sale. The entire auction is streamed live on Keeneland.com.

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Indiana Weanling Spotlight Presented By Indiana Thoroughbred Alliance: Hip 1236, Sister Sez No, By Not This Time

Not This Time has been siring major runners, including G1 Del Mar Debutante Stakes winner Princess Noor (o/o Sheza Smoke Show), which makes the combination of the Giant's Causeway stallion and Dundalk Bay an exciting one.

Dundalk Bay, a Majestic Warrior mare out of the Pembroke mare Pem's Hostess, is a young producer with an intriguing pedigree.

Breeder James Jones presents Sister Sez No, a bay filly foaled Feb. 12, 2021, with Vinery Sales during the November Keeneland Breeding Stock Sale.

Hip 1236 – Sister Sez No: B. f., 2021, Not This Time x Dundalk Bay, by Majestic Warrior

“This is a very solid foal,” said Zach Madden of Buckland Sales. “When you look at her, the first thing that jumps out at me is her shoulder and her hip. She looks very strong and well-balanced with a natural muscle and plenty of leg under her. This is all the things buyers want to see.”

Not This Time stands at Taylor Made Stallions at a 2022 fee of $45,000, making the opportunity to purchase a filly of this breeding an excellent chance for affordable quality. In 2021, so far, with only two crops of racing age, his progeny have earned more than $4.3 million in North America, with 11 black type winners including Easy Time, Yes This Time, And Howling Time.

SALE NOTES:

  • Sister Sez No is registered through the Indiana Thoroughbred Breed Development Program, meaning she is eligible to race in registered Indiana-bred races at Indiana Grand.
  • She is nominated to the Breeders' Cup.
  • Veterinarian radiographs have been taken and are available for potential buyers, as well as any veterinarian documentation. You can view at the sale via Vinery Sales.

Buy Indiana, Race in Indiana: Did you know that registered Indiana-bred and Indiana-sired horses are eligible to race for bigger purses and greater incentives when they race at Indiana Grand Racing & Casino? More than $1 million in restricted stakes races and almost $20 million in purses are up for grabs in 2022. Indiana Grand offers a growing catalog of races and open stakes allowing for flexibility in a horse's racing repertoire.

Content paid for by the breeder, via the Indiana Thoroughbred Alliance.

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Two Horses Of Racing Age Supplemented To Keeneland November Sale

Keeneland has added two horses to the horses of racing age portion of the Nov. 19 final session of the 78th November Breeding Stock Sale. The November Sale began Nov. 10.

Keeneland will accept supplements to the horses of racing age section through mid-November.

A total of 287 horses of racing age have been cataloged to the closing day of the November Sale. They will sell following the conclusion of the breeding stock sale, which has cataloged 148 offerings.

The latest round of supplements has:

  • Hilliard, a winning 3-year-old gelding by Temple City consigned by Bluewater Sales, agent. Out of R Smarty Pants, by Smart Strike, he is a half-brother to multiple stakes-placed Swamp Rat and is from the family of champion Mind Your Biscuits, Canadian champion Kimchi and Grade 1 winner Search Results.
  • Luckywise, a 2-year-old filly by Lookin At Lucky who is from the family of champion Gold Beauty and Subconscious, winner of the Grade 2 Twilight Derby on Oct. 31 at Santa Anita. Consigned by Paramount Sales, agent, she is cataloged as a racing or broodmare prospect.

The entire November Sale is streamed live on Keeneland.com.

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Weanling Justify Colt Sells For $625,000 To Headline Day Two Of Keeneland November Sale

Coolmore's M.V. Magnier spent $625,000 for Just Before Dawn, a weanling colt by undefeated Triple Crown winner Justify who is a half-brother to multiple Grade 1 winner Moonshine Memories, to lead Thursday's second session of the Keeneland November Breeding Stock Sale. Steady trade during the day generated healthy increases over 2020 results.

Keeneland sold 226 horses today for $37,866,000, for an average of $167,549 and a median of $130,000. During the second session of the 2020 November Sale, 197 horses sold for $27,690,000, for an average of $140,558 and a median of $100,000.

Through two sessions, 344 horses have grossed $88,500,000, for an average of $257,267 and a median of $185,000. The cumulative gross after two days of the 2020 November Sale was $77,465,000 for 325 horses, for an average of $238,354 and a median of $135,000.

“Incredible; it was a vibrant market again with a lot of the energy we saw in September,” Keeneland Vice President of Sales Tony Lacy said. “A lot of frustrated pinhookers (were outbid.) A lot of end-users participated in the market today for foals. Young mares, well-bred on an early cover to a popular stallion were highly prized. People were frustrated with buying, but we had a lot of happy sellers.

“It is a really encouraging market as we move forward,” Lacy said. “The buy-back rate (22 percent) was really healthy. Median and average were well up. A lot of the matrix we look at are beating the last four years, and 2018 and 2019 were really strong. That bodes well for the rest of the sale.”

“The September market was so strong that it really validated commercial breeders, validated their purpose and gave them equity to reinvest,” Keeneland Director of Sales Operations Cormac Breathnach said. “Sometimes there were large amounts of money spent on yearlings out of older mares and mares that maybe hadn't been that 'A list' type, and we saw that strength carry through the last days of the September Sale. People can reinvest some of that money and buy with confidence that this is going to continue for a while.”

Consigned by Lane's End, agent, Just Before Dawn is out of the winning Unbridled's Song mare Unenchantedevening and also is a half-brother to stakes winner Indian Evening. He is from the family of Horse of the Year Favorite Trick and Grade 1 winner Tiz the Law. Coolmore stands Justify and Tiz the Law.

“He's a really nice horse,” Magnier said about the weanling, adding, “Jane Lyon and everyone at Summer Wind Farm are very good breeders. This horse is very well-bred, and we have had a lot of luck with the family before. We have 11 or 12 Justifys going to Ballydoyle (training center in Ireland) next year.”

Magnier said the weanling “is by one of the best horses we have seen in America for a long time.”

“(The Justify offspring) look like they are a very special group of horses,” Magnier said. “Everybody seems to be very high on them. They are a very exciting bunch of horses. The pedigrees, the physiques and everything about them and the way Justify was such a good racehorse, we have a huge amount of faith in them. Justify is making super strong horses. All seem to be good movers and everything. The lads at home say (the Justify yearlings) are simple to deal with.”

With sales of $6,302,000 for 27 horses, Lane's End, agent, was the session's leading consignor.

Lane's End, agent, also sold March X Press, a 6-year-old stakes-winning daughter of Shanghai Bobby in foal to Quality Road, for $560,000. Parks Investment Group bought March X Press, a half-sister to stakes winner Harlan's Honor out of the stakes-placed Indian Charlie mare Indian Rush.

Bloodstock agent David Ingordo signed the ticket for March X Press.

“I was underbidder on her yearling, and I thought her yearling was one of the best yearlings I did not get,” Ingordo said. “When I saw the mare in foal to Quality Road, I figured that would work for me.”

Mares carrying the first foals by 2020 Kentucky Derby Presented by Woodford Reserve winner and Horse of the Year Authentic recorded three of the session's highest prices.

Aaron and Marie Jones LLC paid $620,000 for the 6-year-old stakes-winning, Grade 2-placed mare Streak of Luck, a daughter of Old Fashioned carrying her first foal by Authentic.

“She checked all the boxes for us,” buyer Frank Taylor of Taylor Made Sales Agency, who signed the ticket, said. “She is a great physical. She looks like (paternal grandsire) Unbridled's Song (who stood at Taylor Made Farm), and we love Unbridled's Song. We raised Old Fashioned on the farm, so that was a plus for me. She was a good race mare. She is in foal to a Kentucky Derby winner for a January foal. She is what we were looking for.”

Consigned by James B. Keogh, agent, Streak of Luck is out of the winning Elusive Quality mare Valeria and from the family of Grade 3 winner Lindsay Jean.

Keogh was extremely pleased with the sale.

“I campaigned her as a racehorse – she won a stakes for me – so she is pretty special to me,” Keogh said. “Carrie Brogden and I owned her together (in partnership with breeder Roncelli Family Trust). Carrie found her in California, and in two seconds I made the decision to take half of her.”

Gary Broad/Walmac Farm purchased Jennifer's Dream, a 5-year-old winning, stakes-placed daughter of Medaglia d'Oro in foal to Authentic, for $525,000. Consigned by Taylor Made Sales Agency, agent, Jennifer's Dream is out of Grade 1 winner Joyful Victory, by Tapit.

Silesia Farm paid $500,000 for Impeccable Style, a winning, Grade 3-placed 4-year-old daughter of Uncle Mo also carrying her first foal by Authentic. Four Star Sales, agent, consigned Impeccable Style, whose dam is the Candy Ride (ARG) mare Deb's Candy Girl. She is from the family of stakes winners Bisbee's Prospect, Affordable Price, Stopshoppingdebbie, Shampoo, Blueberry Smoothie, Finallygotabentley and Starship Nterprise.

The session's leading buyer was Woodford Thoroughbreds, which spent $1,245,000 to acquire five in-foal broodmares.

The November Sale resumes Friday with the second session of the two-day Book 2. The auction continues through Friday, Nov. 19 with all sessions beginning at 10 a.m. ET.

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