Keeneland Sale

[ELA]

Originally Posted by Cannon Shell

I doubt were real bids on this horse. People who would bid $7.6 million would know what it was going to take to buy the horse. I dont think they had any intention of selling this horse.

I agree. You could just tell from the bidding that there wasn't a lot of play here. I wouldn't be shocked if someone said there was a live bid or two after $7m, but this very easily could have been a "valuation" play. At this level, I think there are only 2 players -- besides the owner -- maybe a third and that would be a longshot new player (think new hubby, LOL), but I doubt it.

I think, regardless of the RNA #'s, the sale will be down substantially. A boutique sale like the Spa has consignors "standing their ground" so to speak. This sale tends to have a different dynamic. With 5500 horses being sold, the "faces in the crowd" are in much more abundance. I don't know the RNA #'s yet, and I haven't looked at the first session #'s either, but I think this year's first session had less horses for sale -- maybe 10%.

Eric