Sale Results

A fantastic result in the sale’s ring this afternoon at the January Keeneland Horses of All Ages Sale. Ein Gedi sold for $200,000 to Tim Hyde, Jr. According to Mr. Hyde, the plan will be to breed Ein Gedi to No Nay Never, who stands at Coolmore Ireland.

Like with every high-priced purchase, you’re hoping they meet or exceed initial expectations. We know based on racing history, however, that most simply can’t meet those high expectations. Only a very small select group ever do. However, today’s sale does illustrate the importance of actively managing horses and being aggressive with their placements (either in races or sales) based on trainer feedback, racing history, etc. Most horses rapidly depreciate from their initial sales price after initial training and first races. The fact that Ein Gedi was able to hold 1/3rd of her initial purchase price may seem disappointing on the surface, but in reality it’s a fantastic result and a testament to her pedigree, physical, and age. It also illustrates the value that fillies can retain with average race records and why when fillies and mares win significant graded stakes, it shoots their values into new stratospheres.

After receiving sales’ proceeds and statements from Keeneland we’ll report back on distribution of those proceeds (generally 60 days after sale date).