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Keeneland November Ends With Solid Gains
The Keeneland November Breeding Stock Sale concluded on Friday with solid results that echoed recent market trends: brisk trade from the world's deepest contingent of buyers; keen competition for exceptional individuals that led to 22 horses sold for seven-figures, highlighted by the sale of champion Take Charge Brandi for US$6 million to be the most expensive thoroughbred sold at public auction in the world this year; and strong demand for top-quality foals that produced a North American record-priced weanling for the second consecutive November Sale. This year's November Sale was held Nov. 2-13, and immediately followed Keeneland's successful inaugural hosting of the Breeders' Cup World Championships on Oct. 30-31. "Keeneland has been the center of the Thoroughbred racing and sales world this fall, with the race meet and Breeders' Cup bookended by two strong auctions," Keeneland President and CEO Bill Thomason said. "As we planned for the Breeders' Cup, we believed that its international appeal would positively impact the November Sale, and it did. Horsemen from across the U.S. and around the world attended the Breeders' Cup and then stayed to participate in the sale, adding further depth to our already incomparable buying bench. Consignors took advantage of this unique opportunity to showcase their best horses to a global audience." Gross sales of US$218,959,400 for the 12-day November Sale increased 6.34 per cent over 2014, surpassing last year's 11-day auction total of US$205,899,500 on the ninth day of selling. Total sales represent the highest gross since the November Sale record of US$340,877,200 set in 2007. This year 2,575 horses were sold compared to 2,512 in 2014. The cumulative average of US$85,033 rose 3.74 per cent from last year's US$81,966 to mark the highest since 2007, while the median price of US$30,000 was just below the US$35,000 posted in 2014.