Keeneland Sale Purchases

I am in KY for a few days attending the November sale. Specifically I came down for today’s (Tuesday) sale which has horses of racing age. Last year we came away with Soldier Field who won 4 races so far in 2011. So I am back trying to find a couple more for Cat Man Roo Stable.

This year, the market is so strong horses brought far more than they are worth.  Case in point, a horse who broke his maiden for 3o, more than likely worth 15-20 sold for $55,000. A Maiden whose best start was a 2nd place finish in a 5 horse off the turf Maiden event at Delaware sold for a remarkable $50,000.  Lastly a maiden who ran 10th the at Keeneland sold for 90,00.  Where will they go with him?

True to our philosophy we did not deviate from our valuation of these horses.  Instead we found value in 2 others, a 3 year old who won MSW at Presque Isle for $12k, and a hard hitting Canadian Bred for $11k.

Bottom Line: There is value in every sale, you just have to work hard, and stick to your prices. Paying double a horses worth is never a good idea.  The only one who makes out is the agent grabbing a commission.