Come September-Part 2

Horses will be shipping in tomorrow, and beginning to show Friday, for the biggest yearling sale of all, Keeneland September. They are gearing up for 13 days of selling over a 14-day period beginning next Monday. Last year Keeneland September heralded the beginning of a significant recovery in the Thoroughbred business, as 2,744 yearlings sold (over 70% of the 3,908 catalogued) for almost $280.5-million, a $60-million (28%) gain from the 2012 sale. Last year=s September average was $102,220, which marked the first time since 2007 that the September sale had averaged over $100,000, though, as we noted at the time, the number of yearlings sold in September had dropped by over 1,000 and the gross by $100-million (28% and 27% respectively) in order for the average to come out essentially the same.

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