January Keeneland Sale Bears Positive Signs for Equine Industry

Keeneland January sales exceeded $35M

Staff Report, 1.15.16, LaneReport.com

LEXINGTON, Ky. (Jan. 15, 2016) — Keeneland’s January Horses of All Ages Sale concluded today with returns mirroring the trend seen throughout recent sales seasons: steady results indicative of a stable marketplace combined with selectivity among buyers who place increasing emphasis on quality horses.

Gross sales for the five-day auction totaled $35,463,000, up from the $35,305,500 recorded during last year’s four-day sale. The average of $34,099 was down 8.44 percent from $37,242 in 2015. The median of $11,000 decreased 31.25 percent compared to last year’s $16,000. This year 1,040 horses were sold versus 948 last year.

“The sales continue to bear two positive signs: market stability, despite a currently volatile economic climate, and the willingness of buyers to stretch their budgets for the exceptional horses,” Keeneland president and CEO Bill Thomason said. “Buyers are spending discretionary income, and so they are extremely selective in making their purchases. They are also keenly competitive to acquire these top individuals. At the risk of sounding like a broken record, consignors who bring quality horses to market are well rewarded.”

The January Sale marks the close of an extraordinary sales year at Keeneland, with the September Yearling Sale and November Breeding Stock Sale bookending the Breeders’ Cup World Championships. Keeneland’s international recruitment initiatives have established the auction house as the world’s leading provider of horses and buyers at every level of the market…Read more at the LaneReport.com

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