horse sales

WEKU file photo

While Keeneland's spring race meet continues for the rest of April, the historic track is putting the focus on another of its functions.  Officials at the Lexington facility Wednesday unveiled what they are calling "major enhancements" to this year's yearling sale.   

Keeneland

A solid crop of one year olds, a mild summer, and a new format contributed to a break out September Yearling Sale at Keeneland. The just completed 12 day sale saw a 27% increase in gross sales over last year. Keeneland Director of Sales Geoffrey Russell called it ‘phenomenal,’ but adds prices have not yet recovered from the recession.

“We’ll never get back to pre recession times because once the financial crisis happened in 2008, it cut off a lot of credit to people to buy horses so those prices were highly inflated," said Russell. "So, now we’re down to and back to a very true and fair market that is discretionary income driven.”