By Alexis Kolasa
Denali Stud (Craig and Holly Bandoroff, Agent) ranked 4th out of 138 on the leading consignor list for the 2018 Keeneland September Yearling Sale. Denali sold 87 yearlings for a grand total of $15,201,500 and an overall average of $174,730 during the 13 sessions of the two week long sale.
A total of 2,916 yearlings were sold at Keeneland in conclusion of the sale for a total of $377,140,400 and an average of $129,335.
Conrad Bandoroff had the following comment summarizing the sale, “We had a banner year at the September Sale as we finished being 4th leading consignor. As a consignment, we grossed over $15 million in sales—the highest we have achieved in over ten years. This is a testament to the wonderful group of breeders and clients that we are so fortunate to represent. Without them, none of this would be possible. The market is strong and has broadened; while it remains selective and the criteria that a horse must meet is strict, for those that clear the bar they are well-rewarded by the market.”
"The September sale saw an all-out competition for horses that drove the volume of trade to robust levels," Keeneland Vice President of Racing and Sales Bob Elliston said. "Credit goes to the breeders and consignors who brought one of the best crops of yearlings to market in years. Buyers responded with an enthusiasm that exceeded all our expectations." There were a number of reasons cited for this year's market, including the strong U.S. economy and tax laws on depreciation favorable to horse ownership, but the most compelling factor was buyer perception that this year's yearling crop was better than those seen in recent years. "In the end, it has to be the horse," Keeneland Director of Sales Operations Geoffrey Russell said. "There are external factors like a strong economy and stock market and new tax laws that obviously help raise the bar. But if the horses aren't top quality, buyers aren't going to pay extra money for them just because they have it in their pocket."
Keeneland reported the deep buying bench included buyers from North America and more than 20 countries representing Europe, the Middle East, Asia, South America, and Latin America. Purchasers of the sale's 27 seven-figure yearlings were nearly equally divided between 13 U.S. and 14 international interests.
The top sale sires included Uncle Mo by gross and War Front by Average, the remaining eight stallions on the list were represented by seven- figure yearlings. American Pharoah and Curlin, who each had three, Pioneerof the Nile and Tapit with two each, and one each for Empire Maker, Ghostzapper, Into Mischief, and Quality Road.
Denali Stud thrives on attention to detail in all aspects of our business, highlighting the extent of care and quality we offer not only for our horses but our clients as well, which continues to show each passing year on the sale grounds. It takes a dedicated team to bring everything together for sales time, and an amazing work ethic to pursue our sale goals. We are proud to represent the clientele base that trusts our consignment to handle their top quality stock. We would also like to sincerely congratulate all of the buyers and their connections on the purchase of their next “Saturday afternoon horse,” and we hope to see you in the winner’s circle in the future!