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Keeneland September To Introduce RNA Reoffer Program

Keeneland is offering a new component for sellers with yearlings cataloged on Day 1 of the 2021 September sale. As a safeguard for those sellers who may feel disadvantaged by an early placement in the session, we will institute an RNA Reoffer.

Below are the key details of this new initiative:

Sellers with yearlings that RNA during Session 1 will have the option to resell immediately after the last cataloged hip of Session 2.
To participate in the RNA Reoffer, sellers must inform the Sales office in writing no later than 30 minutes following the sale of the last hip of Session 1.
A reserve must be placed and approved on reoffered horses, and must be within 15 percent above or below the initial hammer price.
Keeneland will list and promote horses participating in the RNA Reoffer to buyers the evening of Monday, Sept. 13.
In the event a horse RNAs a second time, a 2.5 percent commission will be based on the higher buyback hammer price.
Sellers will have the right to sell a yearling listed in the RNA Reoffer privately beforehand, but must notify the Sales office immediately of such a private sale so the appropriate announcements can be made.
Horses sold in the RNA Reoffer will be recorded as if they sold in their initial hip number and time slot. Similar to private sales, only one record will be published in the final sales results.

Additionally, in cooperation with the CBA, we have decided to combine the final two sessions of the September Sale (those horses cataloged to Sessions 11 and 12) into a single session on Friday, Sept. 24 to conclude the sale during a three-day Book 5. This joint day of selling will offer Session 11 hips in the morning and Session 12 hips in the afternoon. The adjustment will allow buyers to have a full day of yearlings to consider rather than two shorter sessions at the end of the sale, and generate a more vibrant market for all involved on Friday.

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Experts Weigh In On Yearling Vet Reports At Auction In Q&A Panel

A spotless veterinarian's report has practically become a requirement for a yearling to bring serious money at auction, but what can a crafty buyer forgive if they see a mark or two on the record, and still potentially end up with a great runner?

A panel of notable buyers, breeders, and veterinarians discussed vet reports at yearling sales and how to navigate them in a Q&A discussion entitled “Deal or No Deal?” presented by the Consignors and Commercial Breeders Association and the Kentucky Thoroughbred Farm Managers' Club on July 11 at Fasig-Tipton's Newtown Paddocks pavilion in Lexington, Ky.

Included on the panel were Dr. Nathan Chaney of Hagyard Equine Medical Institute, veterinarians Dr. Robert Cook and Dr. Keith Latson, trainer Kenny McPeek, and Rob Tribbett, bloodstock adviser for Fred Hertrich's Watercress Farm.

With each sporting deep experience examining sale horses with a varying degree of flaws, or experience buying and selling them, the group discussed what issues on a vet report would be considered be deal-breakers, and which ones might overshadow what could be a successful racehorse if allowed the right amount of time and treatment.

The full discussion may be seen below.

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Funstar Draws World-Record Price For Online Bid In Inglis Digital Sale

Funstar will join half-sister Youngstar at Northern Farm in Japan after selling to Katsumi Yoshida for a Digital Sale world record price of AUS$2.7 million (US$2,016,740) in the Inglis Digital July (Early) Online Auction.

Northern Farm, who bought Youngstar for AUS$1.4 million (US$909,437) at last year's Inglis Chairman's Sale, was one of eight different bidders over the $1-million mark for the G1-winning daughter of Adelaide.

In realizing AUS$2.7 million, Funstar also becomes the highest priced mare to be sold 'under the hammer' at public auction in 2021.

“I am so thrilled that we were able to purchase a beautiful mare,” Yoshida said.

“We have her (half) sister Youngstar and also have mares related to the granddam User Friendly.

“We are looking forward to seeing their progenies winning in Japan.”

Funstar's managing owner Olly Koolman – who discovered the filly at the 2018 Easter Yearling Sale where he purchased her for AUS$80,000 (US$62,096) – was lost for superlatives at the result.

“I'm absolutely stunned. It's hard to fathom just how much of an amazing result this is,'' Koolman said.

“She was a fabulous race filly and mare and we had a lot of fun with her but never in our wildest dreams did we expect she would sell for $2.7 million in any sale, let alone a digital sale.

“I cannot speak highly enough of the Inglis Digital team, they worked their absolute butts off to promote this mare to buyers around the world and as an ownership group, I can't speak highly enough of the Inglis team and what they have done to create a scenario where we get to reap the rewards of this result.

“We've been glued to our computers since mid-afternoon, we opened a bottle of champagne at AUS$1.3 million to celebrate, so it's incredible to be sitting here now with her having made AUS$2.7 million.

“We wish Northern Farm all the best with her, we thank all the underbidders and we can't wait to sit back and see her progeny running in years to come.''

“We are beyond excited by tonight's result, especially the Funstar sale,” Inglis Digital Manager Nick Melmeth said.

“It's not only a significant milestone for Inglis Digital but for the bloodstock industry worldwide.

“To have Inglis Digital break a world record, to have Northern Farm pay $2.7 million for Funstar without even seeing her, just demonstrates the unbelievable confidence in our platform.

“But there is immense satisfaction from the whole Inglis team about many of the results, aside from the high-profile top lots.

“For example, Missed The Alarm (Rip Van Winkle) made more than 10 times her reserve and stallion Native Soldier (Sepoy) sold to Wermer Stud in Denmark.

“That just shows the reach of Inglis Digital. From modest results to world records in just four years of operation.”

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Iowa Fall Sale Catalog Now Available Online

The catalog for the 2021 Iowa Thoroughbred Breeders and Owners Association Fall All Age Thoroughbred Sale is now online, with an initial group of 40 offerings.

The auction will take place Thursday, Sept. 2 at the Iowa State Fairgrounds in Des Moines, Iowa, beginning at 2 p.m. Central. Horses may be viewed Wednesday, Sept. 1 from 4-7 p.m., and on Thursday starting at 10 a.m.

This year's catalog features 39 yearlings and one broodmare. While the bulk of the yearling portion features Iowa-breds, it also includes horses born in Kentucky and Kansas.

Stallions whose first crops of yearlings are represented in the Iowa sale catalog include Army Mule, C'mon Boys, Free Drop Billy, Mor Spirit, and Sharp Azteca.

Supplemental entries to the catalog will be accepted through Aug. 2.

To view the online catalog, click here.

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