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Old 01-14-2011, 05:32 AM
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Steve Byk
 
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Sale results remain surprisingly consistant, solid..

Glenye Cain Oakford
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Old 01-15-2011, 12:07 PM
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Keeneland January shows gains in gross and average
By Glenye Cain Oakford

LEXINGTON, Ky. – The Keeneland January all-ages sale ended Friday with mixed results but showed the kind of market stability auction executives and sellers had hoped to see. Topped by Grade 1 winner Ave’s $1.4 million sale to Japan’s Shadai Farm, the five-day auction sold 1,021 horses for receipts totaling $25,250,350. That marked an increase of 6 percent from last year’s gross for 982 horses. The 2011 average price, $24,731, was up 2 percent. Median, which had remained level with last year’s figures for most of the sale, had dropped by 6 percent at the close of business Friday, from last year’s $8,000 to $7,500 in 2011. The buyback percentage remained at 27 percent, the same as it was in 2010.

Keeneland’s director of sales, Geoffrey Russell, called the market “resilient” and added, “People are still very discerning, but they want to buy horses. That fact is supported by the prices paid for quality individuals, particularly young, stakes-winning mares and yearlings with good physicals.”
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
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