Keeneland Sales Suffer as Credit Crunch Takes Toll; Staying Put: Azeri Attracted Interest but Was Eventually Sold Back to Her Owners

Byline: PAUL FIELDER

THE economic downturn had a dramatic effect on the first day of the Keeneland Horses of All Ages Sale in Lexington, Kentucky, with gross revenue some 44 per cent lower than the first session 12 months ago.

While seven more horses were sold than on the corresponding day last year, the total spent amounted to just $11,945,900 ([pounds sterling]8,120,085) as opposed to $21,325,900 ([pounds sterling]14,503,993) in 2008.

The median price of horses sold fell 50.9 per cent and Keeneland director of sales Geoffrey Russell said: "People brought their horses here to sell, and the not sold rate has gone down.

"Given the current global …

Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Keeneland Sales Suffer as Credit Crunch Takes Toll; Staying Put: Azeri Attracted Interest but Was Eventually Sold Back to Her Owners. Contributors: Not available. Newspaper title: The Evening Standard (London, England). Publication date: January 13, 2009. Page number: 51. © Not available. COPYRIGHT 2009 Gale Group.

This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.