- The select portion of the Keeneland yearling sale ended on Tuesday, and sorry if I didn't pay it
too much any attention. Maybe it's the election, the sorry state of the economy, the endless wars. But the notion of sheikhs and Texas oilmen and investment bankers spending obscene sums on young horses not only doesn't particularly interest me this year, but I find it rather perverse. The average for the select session dropped 12%, who cares, really.
NTRA Pres/CEO Alex Waldrop completely misses the point in his post on the proceedings entitled Attracting More Owners. Perhaps that would be an appropriate title for the latter days of this sale, or for more pedestrian auctions such as the one at Timonium. As commenter Kevin Morris notes over there:
Another publicity angle that may be worth doing would be to focus a bit more on the opportunities to buy reasonably priced yearlings, instead of giving all the coverage to the high end during the sales - just hearing that $7.7 million was too low a bid to buy a certain horse would make any neophyte worth less than a billion run away.Not to mention the fans. It's exactly this kind of extravagance which is at the roots of the economics that have brought us the sparse campaigns and early retirements that make this game virtually impossible to market as anything other than a gambling enterprise.