Keeneland recap

The January sale is over thankfully. While the trends of the economy worldwide and the horse market in general continue to decline this sale was off not only because of those factors but because of a weak group of horses and the numerous scratches. I was pleased to get $14000 for my Grand Reward yearling but disappointed that Moonlight Flite did not sell.

Out's out

The first out list has been posted by Keeneland and there are lots of them. Here is a link. Several of my targets are out which does not come as a surprise. The recently concluded OBS mixed sale was off close to 60% which was also not a surprise and though the quality of horses between the Keeneland sale and OBS is not really close, it is clearly a bad sign for sellers in next weeks sale.

Keeneland January

The sale is a week away and the forecast is not bright. The vast majority of industry people who I have talked to about the upcoming sale are pessimistic about this and the two year old sales. Of course most of those people are in the business of breeding, raising and/or selling horses so I suppose the opposite view would be the market will be ripe for buyers to pick off quality horses for prices that would normally be considered value. I am particularly interested in Crestwood's dispersal of the Everest Stable. There are several really interesting horses in that consignment including broodmares, racehorses and recently turned two year olds. I like Petionville as a sire of racehorses and I think he will be pretty good broodmare sire like his sire Seeking the Gold.