GUITAR PEOPLE
Account & Payments test1
Keeneland’s November Sale demonstrated how the thoroughbred market seems to continue to encompass the widening gulf between the haves and have-nots. There is almost no middle market at horse sales at this time, as the just-completed Keeneland November Sale showed. Small breeders face being forced out of a marketplace in which strong competition for every type of thoroughbred exists only at the very top of the market.
Buyers such as Larry Best, Peter Brant, Barbara Banke, the Maktoums, the Coolmore gang, et al, compete for million dollar mares and weanlings in the first catalogue book, while Book Six is littered with animals which garner no bid, sell for $1000, or are withdrawn from the sale due to the poor prospects of late-sale hip numbers. As the mid-market weakens, the lower end of the market has ceased to exist.
As someone who 
has been attending, buying and selling at Keeneland since the early ‘90s, never have I seen so many outs and RNAs in the final book, with the penultimate book being nearly as bad. Averages and medians don’t adequately reflect the discrepancy, as the highest priced lots distort the truth of the sale.
has been attending, buying and selling at Keeneland since the early ‘90s, never have I seen so many outs and RNAs in the final book, with the penultimate book being nearly as bad. Averages and medians don’t adequately reflect the discrepancy, as the highest priced lots distort the truth of the sale. Keeneland’s November Sale demonstrated how the thoroughbred market seems to continue to encompass the widening gulf between the haves and have-nots. There is almost no middle market at horse sales at this time, as the just-completed Keeneland November Sale showed. Small breeders face being forced out of a marketplace in which strong competition for every type of thoroughbred exists only at the very top of the market.
Buyers such as Larry Best, Peter Brant, Barbara Banke, the Maktoums, the Coolmore gang, et al, compete for million dollar mares and weanlings in the first catalogue book, while Book Six is littered with animals which garner no bid, sell for $1000, or are withdrawn from the sale due to the poor prospects of late-sale hip numbers. As the mid-market weakens, the lower end of the market has ceased to exist. As someone who has been attending, buying and selling at Keeneland since the early ‘90s, never have I seen so many outs and RNAs in the final book, with the penultimate book being nearly as bad. Averages and medians don’t adequately reflect the discrepancy, as the highest priced lots distort the truth of the sale.
