Signs of economic recovery are starting to show, even in an industry that's easily affected by a recession: horse racing.
"It's the best we've seen it, arguably, ever," says Walt Robertson, VP of Sales at Keeneland.
The September yearling sale at Keeneland finished this past Saturday. The 12-day sale featured close to 4,000 one-year-old horses.
They sold for higher average sale prices than in past years, even surpassing the racetrack’s 2008 sales. Out of the thousands of yearlings, 18 horses sold with price tags of more than $1,000,000 each.
The benchmark sales event brought in numbers that haven’t been seen since before the recession. For an industry that depends on discretionary income, it’s a sure sign of recovery.
"Oh, I think it's a healthy game we're playing right now. Like I said, the people really want to buy the horses that we've got and we're sending them virtually all over the world," says Robertson.
Keeneland's next major event is the fall meet which will begin on October 4th.