RNA Reoffer Program Added to Keeneland September Sale

Keeneland announced July 19 new features in store for its 2021 September Yearling Sale, including the RNA Reoffer Program for Day 1 yearlings and a three-day Book 5 to conclude the sale.

RNA Reoffer Program

Yearlings cataloged on Day 1 that do not meet their reserve will have a second opportunity in the ring to provide a safety net for consignors who may feel early placement in the session was a disadvantage.

In the the RNA Reoffer Program:

• Sellers with yearlings that RNA during Session 1 will have the option to resell immediately after the last cataloged hip of Session 2.
• To participate in the RNA Reoffer, sellers must inform the sales office in writing no later than 30 minutes following the sale of the last hip of Session 1.
• A reserve must be placed and approved on reoffered horses and must be within 15% above or below the initial hammer price.
• Keeneland will list and promote horses participating in the RNA reoffer to buyers the evening of Monday, Sept. 13.
• In the event a horse RNA’s a second time, a 2.5% commission will be based on the higher buyback hammer price.
• Sellers will have the right to sell a yearling listed in the RNA Reoffer privately beforehand but must notify the sales office immediately of such a private sale so the appropriate announcements can be made.
• Horses sold in the RNA Reoffer will be recorded as if they sold in their initial hip number and time slot. Similar to private sales, only one record will be published in the final sales results.

Three-Day Book 5

The final two sessions of the September Sale (those horses cataloged to Sessions 11 and 12) will be combined into a single session on Friday, Sept. 24, making Book 5 a three-day session to conclude the sale. This decision was made in cooperation with the Consignors and Commercial Breeders Association. The combined day of selling will offer Session 11 yearlings in the morning and Session 12 yearlings in the afternoon, giving buyers a full day of yearlings to consider instead of two shorter sessions at the end of the sale.