Book 5 starts slow

The bottom may finally be falling out of the Keeneland September sale. Yesterday' s numbers were very spotty and in some cases may be the start of the trend that many were assuming would happen. Though the top of the market was down, some of the other indicators such as the percentage of RNA's and median price remained steady. Yesterdays results showed steep declines in all categories with gross being off 30%, the average being down 25%, and the median slipping 28% with 20 fewer horses being sold. Look for that trend to continue today and it may be worse this weekend.

BEC hasn't bought anything the past few days as our Dixie Union deal fell through as the owners decided to just keep the horse and race him. We are looking for horses that we consider B+ individuals and there just aren't that many left and the really nice ones are still bringing top dollar.