b'sales b r o o d m a r e S| Stonestreets Barbara Banke bought out partners to retain sole ownership of Lady Aurelia.Though broodmare prices Anne M. eberhArdtdeclined overall, demand for top individuals re-mained strong.NORTH AMERICANBROODMARE SALESNortH americaN Broodmare salesYear Sold Gross Average Median 2018 2,854 $237,340,889 $83,161 $15,0002017 2,809 $235,390,920$83,799$17,000 2016 3,029 $235,153,228$77,634$15,000 2015 3,278 $226,283,725$69,031$18,000 2014 3,302 $254,115,256$76,958$20,000 2013 3,080 $257,394,582$83,570$20,000 2012 2,832 $185,440,312$65,480$12,000 2011 3,057 $200,982,831$65,745$11,000 2010 3,364 $148,870,250$44,254$10,000 2009 3,721 $167,418,325$44,993$9,300 LEADING COVERING SIRESleadiNg coveriNg siresSireSoldAverage MedianWar Front 7$2,189,286$1,750,000Tapit 6$1,358,333$775,000Medaglia dOro 9$1,088,333$800,000Anne M. eberhArdtCurlin 9$908,889$750,000Pioneerof the Nile 8$435,000$415,000Uncle Mo 8$427,500$360,000Candy Ride (ARG) 6$427,500$305,000Arrogate 8$417,500$412,500Quality Road 11$399,545$350,000The Keeneland November sale did sellsecond-highest decile (horses selling fromGun Runner 10 $367,500$342,500more mares but its average for this segment$100,000-$235,000) saw the smallestInto Mischief 15$347,667$300,000of the market dropped 10% by the end ofdecline of 4% to $159,342. Union Rags 11$283,182$200,000the 12-day sale. Taking a longer view, the average NorthMalibu Moon 7 $238,571$235,000Honor Code 10$237,500$140,000Fasig-Tiptons boutique The NovemberAmerican mare price of 2018 is 43.6%Mastery 28 $237,500$170,000Sale was quite strong this year, reportinghigher than it was at the start of the GreatAmerican Pharoah 13 $216,923$190,000a 25% increase in gross sales just in theRecession in 2008, when 4,477 maresNyquist 13 $176,000$160,000mare market alone. The auction did offeraveraged $57,901. During the five yearsKittens Joy 7 $167,286$130,000eight more broodmares than in 2017, soprior to the Great Recession (2003-07), an the average rose a modest 2% comparedaverage of 5,293 mares sold for an averageLEADING FIRST-CROPwith the previous year. Yet the market wasprice of $43,033. Compare that with theCOVERING SIRESdeep in 2018, with Fasig-Tipton selling 11last five years (2014-18) when an averageleadiNg first-crop coveriNg siresseven-figure mares and 31 for $500,000of 3,054 mares brought a $83,207 averageSireSold Average Medianor more. At the 2017 November sale, nineprice. Arrogate 8 $417,500$412,500 mares brought seven-figure prices and 15The value of auction mares can varyGun Runner 10 $367,500$342,500 brought $500,000 or more. greatly year to year because quality varies,Mastery 28 $237,500$170,000 The strong Fasig-Tipton November salebut one trend seems certainthe marePractical Joke 21 $97,143$72,000 was not enough to offset overall declinesmarket is unlikely to get much bigger, ifClassic Empire 10 $88,500$82,500 in the fall mare market, however. Recalcu- at all. The Jockey Club reported 30,274Connect 11 $79,636$45,000 lating the deciles with both Keeneland andmares bred in 2018, which is about half theLord Nelson 9 $69,667$50,000 Fasig-Tipton results showed the averagenumber bred in 2000 and is the smallestKlimt 12 $40,792$27,000 price for the combined top decile was stillmare population in North America sinceDanzing Candy 2 $38,250$38,250 down 11% this year to $627,483. Thethe mid-1960s.US-BRED Unified 13 $37,692$30,00092 11_Sales_use.indd 92 3/20/19 4:47 PM'