Keeneland Sales is an American
Thoroughbred
The Thoroughbred is a list of horse breeds, horse breed developed for Thoroughbred racing, horse racing. Although the word ''thoroughbred'' is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thorough ...
auction house
An auction house is a business establishment that facilitates the buying and selling of assets, such as works of art and collectibles.
Overview
The auction house is the physical facility where the objects are catalogued, displayed, and presented ...
in
Lexington, Kentucky
Lexington is a Consolidated city-county, consolidated city coterminous with and the county seat of Fayette County, Kentucky, United States. As of the 2020 United States census, 2020 census the city's population was 322,570, making it the List of ...
founded in 1935 as a nonprofit racing/auction entity on 147 acres (0.59 km
2) of farmland west of Lexington, which had been owned by Jack O. Keene. A division of
Keeneland Association, Inc., it holds three annual horse auctions that attract buyers from around the globe:
*January - Horses of All Ages
:This sale, as its name implies, features horses of all ages, including breeding stock, horses of racing age and short yearlings. Breeding "seasons"—the rights to breed one mare to a specified stallion in a given year—are also sold at this auction.
*September - Yearling
:This sale, the world's largest sale of yearlings, has been conducted at various times in the fall since 1944, and was permanently moved to September in 1960. Keeneland accepts all horses nominated to sale, making it the largest market for Thoroughbred yearlings in the world. Format changes instituted in 2010 introduced a three tier format for the sale that will differentiate animals by pedigree and conformation. "Select" sessions conducted at the beginning of the sale will be formalized, recognizing a practice present for some time. Following the Select sessions an extended 'Book 2' (offering a choicer grade of prospects) period of selling will precede the open yearling sessions that make up the latter half of the sale. In recent years, the September sale has produced multiple Kentucky Derby winners, an
Epsom Derby
The Derby Stakes, more commonly known as the Derby and sometimes referred to as the Epsom Derby, is a Group races, Group 1 flat Horse racing, horse race in England open to three-year-old Colt (horse), colts and Filly, fillies. It is run at Ep ...
winner, an
American Horse of the Year
The American Award for Horse of the Year, or simply Horse of the Year, one of the Eclipse Awards, is the highest honor given in American thoroughbred horse racing. Because Thoroughbred horse racing in the United States has no governing body to san ...
, and a Triple Crown winner. The 2019 Sale saw a record single sale of $8.2 million for a filly offspring of Triple Crown winner American Pharoah.
*November - Breeding Stock
:This sale primarily features broodmares and weanlings, with some stallions, horses in training and yearlings also offered. Stallion "shares"—ownership interests in specific stallions—and seasons are also sold at this auction. Over the years, this has become the world's largest sale of Thoroughbreds.
The July Selected Yearling Sale was discontinued in 2003 and the April Two-Year-Olds in Training Sale was discontinued in 2015. From 1943 to 2002, Keeneland conducted the July Selected Yearling sale. Numerous champions, including 11 Kentucky Derby winners, were sold here. The yearlings sold were selected by pedigree, and had to pass a physical conformation test before being allowed into the sales ring. When announcing changes to the format of the September Sale in March 2010, Keeneland president and CEO Nick Nicholson said consignor preference made a return of the July sale unlikely.
See also
*
Fasig-Tipton
*
Thoroughbred valuation
References
{{Reflist
External links
Official Keeland Association, Inc. Sales division website
Horse auction houses
Keeneland
Equine firms based in Kentucky
Companies based in Lexington, Kentucky
Horse racing in Lexington, Kentucky
1935 establishments in Kentucky