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Pre-sale Data

Inside the Fasig-Tipton November 2026 Catalog

How the 2026 book of weanlings, mares in foal and racing fillies is built, what its stallions cost, and what nine years of November results say about this one.

Data as of November 1, 2026 · The November Sale, Lexington, November 2, 2026

  • 211horses cataloged
  • 105weanlings
  • 46mares in foal
  • 60racing and broodmare prospects

35 are out, leaving 176 horses for the ring.

Hips 4, 26, 107, 120 and 135 were withdrawn before the catalog was printed. Hips 165, 180 and 195, added on November 1, are lifetime breeding rights in Sovereignty, Knightsbridge and Nyquist.

01 · The book

The smallest November book since 2017

215

entries cataloged, the fewest since 2017’s 203.

The 46 mares in foal are the fewest in the ten years on file, against 80 in 2024. Weanlings are up from 91 to 105, and racing and broodmare prospects down from 69 to 60. Thirty-six of the 215 are already out: 22 weanlings, 5 mares in foal, 8 racing or broodmare prospects and one lifetime breeding right.

FT November catalog by year and section

WeanlingsMares in foalRacing and broodmare prospectsOther20172017, weanlings: 81812017, mares in foal: 55552017, racing and broodmare prospects: 64642017, other: 320320182018, weanlings: 1201202018, mares in foal: 57572018, racing and broodmare prospects: 717124820192019, weanlings: 94942019, mares in foal: 69692019, racing and broodmare prospects: 575722020202020, weanlings: 1631632020, mares in foal: 64642020, racing and broodmare prospects: 60602020, other: 128820212021, weanlings: 1411412021, mares in foal: 70702021, racing and broodmare prospects: 595927020222022, weanlings: 1881882022, mares in foal: 64642022, racing and broodmare prospects: 676731920232023, weanlings: 1381382023, mares in foal: 64642023, racing and broodmare prospects: 646426620242024, weanlings: 1611612024, mares in foal: 80802024, racing and broodmare prospects: 767631720252025, weanlings: 91912025, mares in foal: 60602025, racing and broodmare prospects: 696922020262026, weanlings: 1051052026, mares in foal: 46462026, racing and broodmare prospects: 60602026, other: 4215
Population: every horse cataloged for each year’s November Sale, outs included, from TI’s sale database; 2026 is the catalog as of November 1, supplements included. Racing and broodmare prospects include fillies offered as broodmare prospects only. Other: stallions and a racing or stallion prospect (2017 and 2020) and lifetime breeding rights (2026).
Show the data
YearWeanlingsIn foalRacingOtherTotal
20178155643203
201812057710248
20199469570220
202016364601288
202114170590270
202218864670319
202313864640266
202416180760317
20259160690220
202610546604215

02 · Mares in foal

The in-foal book has narrowed onto the top stallions

76.1%

of the 46 mares carry a cover by a stallion that stood for $100,000 or more in 2026. In 2022 the share was 38.3%.

They were covered by 17 stallions, against 35 in 2024. Eight stallions account for all 35 of the $100,000-plus covers, the median cover fee is $175,000, and 4 cost less than $50,000. Every one of the 46 has black type in her own record, her produce or her dam’s: 25 are stakes winners, and 19 are maiden mares carrying a first foal, 14 of them stakes winners.

Share of covers at $100,000 or more

0%25%50%75%100%2022: 18 of 47 covers (38.3%)38.3%20222023: 27 of 46 covers (58.7%)58.7%20232024: 42 of 72 covers (58.3%)58.3%20242025: 36 of 56 covers (64.3%)64.3%20252026: 35 of 46 covers (76.1%)76.1%2026

Covering sires

0102030402022: 28 covering sires, 64 mares2820222023: 28 covering sires, 64 mares2820232024: 35 covering sires, 80 mares3520242025: 25 covering sires, 60 mares2520252026: 17 covering sires, 46 mares172026
Population: mares in foal cataloged for the November Sale, outs included. Cover fee: the covering sire’s advertised Kentucky fee in the season of the cover, from TI’s Kentucky stud fee data. Shares are of covers with a published fee: 47 of 64 in 2022, 46 of 64 in 2023, 72 of 80 in 2024, 56 of 60 in 2025 and 46 of 46 in 2026. Covering sires include stallions without a published Kentucky fee; mares with no covering sire listed (3 in 2022, 4 in 2023, 2 in 2024 and 4 in 2025) count as mares only.
Show the data
YearMaresCovering siresFee knownMedian cover fee
2022642847$85,000
2023642846$100,000
2024803572$150,000
2025602556$175,000
2026461746$175,000
Year$100,000 or moreUnder $50,000Sire raised next seasonSire cut next season
202218 (38.3%)9193
202327 (58.7%)101716
202442 (58.3%)111623
202536 (64.3%)101012
202635 (76.1%)4206

03 · Two stallion markets

Two stallion markets in one session

$30,000

median conception fee behind the 105 weanlings. The mares’ covers: $175,000.

The 46 foals still inside their dams carry $7,690,000 in advertised stud fees, more than the $6,115,500 behind the 101 weanlings with a published fee. For 2027, the farms have cut the weanlings’ sires more often than they raised them, and raised the covering sires more often than they cut them. Fifty-three weanlings are by sires since cut and 30 by sires raised; 20 of the covers are by stallions raised and 6 by stallions cut. Thirty-nine weanlings are by 15 first-crop sires. Fourteen of those sires already have a 2027 fee, and none was raised: 34 of the weanlings are by sires since cut and 3 by sires held. The other 2 are by a sire whose 2027 fee is still to be announced.

Weanlings and covers by stallion fee

Weanlings, 2025 conception feeMares in foal, 2026 cover feeUnder $25,000Under $25,000, Weanlings, 2025 conception fee: 2020Under $25,000, Mares in foal, 2026 cover fee: 11$25,000 to $49,999$25,000 to $49,999, Weanlings, 2025 conception fee: 4949$25,000 to $49,999, Mares in foal, 2026 cover fee: 33$50,000 to $99,999$50,000 to $99,999, Weanlings, 2025 conception fee: 1616$50,000 to $99,999, Mares in foal, 2026 cover fee: 77$100,000 to $199,999$100,000 to $199,999, Weanlings, 2025 conception fee: 99$100,000 to $199,999, Mares in foal, 2026 cover fee: 1313$200,000 or more$200,000 or more, Weanlings, 2025 conception fee: 77$200,000 or more, Mares in foal, 2026 cover fee: 2222
Population: the 105 weanlings and 46 mares in foal cataloged, outs included. Conception fee: the sire’s 2025 advertised Kentucky fee for a weanling, the 2026 fee for a cover, from TI’s Kentucky stud fee data (101 of 105 weanlings and 46 of 46 covers have one). Sums are advertised fees, not what breeders paid. Raised, held and cut compare the announced 2027 fee with the conception fee. Gun Runner’s 2027 season is advertised as Private; the $350,000 is the figure on TI’s Kentucky stud fee page, marked there with a dagger. Without it, 14 covers and 29 weanlings are by raised stallions.
Show the data
Stallion feeWeanlingsMares in foal
Under $25,000201
$25,000 to $49,999493
$50,000 to $99,999167
$100,000 to $199,999913
$200,000 or more722
Total with a published fee10146
2027 fee against the conception feeWeanlingsMares in foal
Raised3020
Held1213
Cut536
No 2027 fee yet107

04 · Freshman sires

Every freshman fee here has been cut or held

0

of the 169 first-crop weanlings cataloged since 2023 were by a sire raised for the following season. 137 were by sires cut and 30 by sires held.

This year’s 39 are by 15 first-crop sires at a $30,000 median conception fee, the lowest of the four years, with none above $40,000 and 15 under $25,000. Last year’s 35 cleared at 86.7 percent and sold at a $157,500 median, against 95.3 percent and $185,000 for the rest of the weanlings. From 2023 to 2025, first-crop weanlings conceived under $25,000 sold at a $77,500 median and older sires’ at $67,500; from $25,000 to $49,999, $130,000 and $140,000. The covers follow the same pattern: none of the 49 first-season covers cataloged here since 2022 was by a stallion raised for his second season, and this year’s 5 are by Sierra Leone (3), Citizen Bull and Fierceness, all cut for 2027.

First-crop weanlings by conception fee

Under $25,000$25,000 to $49,999$50,000 to $99,999$100,000 or more20232023, under $25,000: 772023, $25,000 to $49,999: 13132023, $50,000 to $99,999: 11113120242024, under $25,000: 882024, $25,000 to $49,999: 38382024, $50,000 to $99,999: 10102024, $100,000 or more: 886420252025, under $25,000: 882025, $25,000 to $49,999: 16162025, $50,000 to $99,999: 11113520262026, under $25,000: 15152026, $25,000 to $49,999: 242439
Population: weanlings cataloged at FT November 2023 to 2026, outs included, whose sire entered stud the year before they were foaled. Conception fee: the sire’s advertised Kentucky fee in the season the weanling was conceived. Cut, held and raised compare the sire’s fee for the following season, as last advertised, with the conception fee; for 2026 every fee set so far was announced before this sale, and in earlier years some came after. Older sires: sires on TI’s Kentucky roster past their first crop. First-season covers: the covering sire entered stud in the season of the cover.
Show the data
YearFirst-crop weanlingsShare of weanlingsSiresMedian conception feeOut
20233122.5%10$40,0009
20246439.8%17$45,00017
20253538.5%14$35,0005
20263937.1%15$30,0008
Next-season fee2023202420252026
Sire cut20533034
Held111153
Raised0000
Not yet set0002
First-crop resultsOfferedClearanceSoldMedian
20232277.3%17$110,000
20244768.1%32$140,000
20253086.7%26$157,500
Other sires, 20254395.3%41$185,000
Same conception fee, 2023 to 2025First crop soldMedianOlder sires soldMedian
Under $25,00016$77,50028$67,500
$25,000 to $49,99935$130,00036$140,000
$50,000 to $99,99923$215,00033$200,000
First-season coversMaresMedian cover feeCut / held / raised
202210 of 64$50,0000 / 10 / 0
202318 of 64$100,00015 / 3 / 0
202411 of 80$50,0007 / 4 / 0
20255 of 60$30,0002 / 3 / 0
20265 of 46$75,0005 / 0 / 0

05 · Against Keeneland November

Earlier foals than any Keeneland book

45.7%

of the 105 weanlings were foaled in January or February. Keeneland November’s 1,603 weanlings of the same crop: 35.3%, and no book above 36.4%.

On sire price the book sits between Keeneland’s first two: a $30,000 median conception fee, the same as Book 2, with 15.8 percent conceived at $100,000 or more, against 37.4 percent in Book 1 and 5.2 percent in Book 2. Its first-crop share, 38.6 percent, matches Keeneland’s as a whole; Book 1’s is 17.4 percent. Forty-eight of the 49 FT weanling sires also have weanlings at Keeneland. Last year the early-foal shares were close: 40.7 percent at Fasig-Tipton, 39.1 percent at Keeneland.

Same crop, two catalogs

FT NovemberKeeneland Book 1Keeneland, all booksConceived at $100,000 or moreConceived at $100,000 or more, FT November: 15.8%15.8%Conceived at $100,000 or more, Keeneland Book 1: 37.4%37.4%Conceived at $100,000 or more, Keeneland, all books: 4.7%4.7%By a first-crop sireBy a first-crop sire, FT November: 38.6%38.6%By a first-crop sire, Keeneland Book 1: 17.4%17.4%By a first-crop sire, Keeneland, all books: 38.6%38.6%Foaled in January or FebruaryFoaled in January or February, FT November: 45.7%45.7%Foaled in January or February, Keeneland Book 1: 31.6%31.6%Foaled in January or February, Keeneland, all books: 35.3%35.3%
Population: weanlings cataloged at the 2026 Fasig-Tipton November Sale (105) and the 2026 Keeneland November Breeding Stock Sale (1,603, Books 1 to 5). Conception fee: the sire’s 2025 advertised Kentucky fee; weanlings by sires without one are left out of the fee measures (4 at Fasig-Tipton, 89 at Keeneland). First crop: the sire entered stud in 2025, over weanlings whose sire is on TI’s Kentucky roster (101 and 1,516). Foaling dates from each catalog.
Show the data
CatalogWeanlingsMedian fee$100,000 or moreFirst cropJan. or Feb.
FT November105$30,00015.8%38.6%45.7%
Keeneland Book 1117$75,00037.4%17.4%31.6%
Keeneland Book 2415$30,0005.2%39.5%36.4%
Keeneland Book 3403$30,0001.3%47.3%35.7%
Keeneland Book 4398$20,0000.0%38.8%35.7%
Keeneland Book 5270$12,5000.9%32.5%34.1%
Keeneland, all books1,603$30,0004.7%38.6%35.3%

06 · The catalog page

Grade 1 pages are in the fillies and mares

40

of the 106 fillies and mares carry Grade 1 black type: their own, their produce’s, their dam’s or a sibling’s. Among the 105 weanlings, 7 have it at the first dam.

Eighty-three of the fillies and mares carry graded black type or better. Sixty-eight of the weanlings have no stakes winner or stakes producer as dam. The stronger weanling pages sit with the expensive sires: 11 of the 16 weanlings conceived at $100,000 or more have stakes black type at the first dam, against 4 of 16 at $50,000 to $99,999 and 21 of 69 under $50,000. None of the 39 first-crop weanlings is out of a Grade 1 winner or a Grade 1 producer.

Weanlings by closest top black type

Grade 1 at the first damGrade 1 at the first dam: 77Graded at the first damGraded at the first dam: 1313Stakes at the first damStakes at the first dam: 1717Grade 1 at the second damGrade 1 at the second dam: 99Graded at the second damGraded at the second dam: 1818Further backFurther back: 4141

Fillies and mares by page tier

Mares in foalRacing and broodmare prospectsGrade 1Grade 1, mares in foal: 1919Grade 1, racing and broodmare prospects: 212140GradedGraded, mares in foal: 1616Graded, racing and broodmare prospects: 272743StakesStakes, mares in foal: 1010Stakes, racing and broodmare prospects: 8818Black-type placed herselfBlack-type placed herself, mares in foal: 1Black-type placed herself, racing and broodmare prospects: 334Further backFurther back, racing and broodmare prospects: 11
Population: the 211 weanlings, fillies and mares cataloged, outs included, with catalog updates through November 1. Weanlings are tiered by the first dam’s own record and her other produce, then the second dam’s. Fillies and mares are tiered by their own race record, their own produce (mares in foal), their dam’s record and their siblings. A horse counts at a grade only for a win at that grade; Group 1 wins abroad count with Grade 1. Graded stakes winners or graded producers among the fillies and mares: 61 (52 winners, 9 more producers); Grade 1: 24 (18 and 6).
Show the data
Weanling pageWeanlingsStill in
Grade 1 at the first dam76
Graded at the first dam1310
Stakes at the first dam1712
Grade 1 at the second dam96
Graded at the second dam1815
Further back4134
Total10583
Filly or mare pageMares in foalRacing and broodmare prospectsAll
Grade 1192140
Graded162743
Stakes10818
Black-type placed herself134
Further back011
Total4660106

07 · Three years of weanling results

The cheaper the stallion, the bigger the multiple

5.33x

median price over conception fee for FT November weanlings by stallions under $25,000, 2023 to 2025. At $150,000 or more: 2.00x.

Clearance was lowest, 69.6 percent, for weanlings conceived at $100,000 to $149,999, and highest, 91.8 percent, at $50,000 to $99,999. Weanlings by sires raised for the following season cleared at 85.2 percent and a $180,000 median, those by sires cut at 76.6 percent and $130,000. First-crop weanlings: 75.8 percent, $140,000 and 4.30 times the fee. This year’s book has 15 weanlings conceived at $150,000 or more, the most of the four years (5 in 2023, 12 in 2024 and 9 in 2025).

Median sale price over conception fee

0x2x4x6xUnder $25,000: 44 sold, median $75,000, 5.33x the fee5.33x<$25K$25,000 to $49,999: 71 sold, median $140,000, 4.17x the fee4.17x$25–49K$50,000 to $99,999: 56 sold, median $200,000, 3.14x the fee3.14x$50–99K$100,000 to $149,999: 16 sold, median $285,000, 2.71x the fee2.71x$100–149K$150,000 or more: 11 sold, median $375,000, 2.00x the fee2.00x$150K+
Population: FT November weanlings, 2023 to 2025, with a published conception fee (336 of 390 cataloged). Multiple: sale price over the sire’s advertised fee in the season the weanling was conceived, median of horses sold, gross of every cost. Offered is sold plus RNA plus post-sale; clearance is sold in the ring over offered. Raised, held and cut compare the sire’s fee for the following season, as last advertised, with the conception fee; in earlier years some of those fees were announced after the sale.
Show the data
Conception fee, 2023 to 2025CatalogedOfferedClearanceSold
Under $25,000645383.0%44
$25,000 to $49,9991309971.7%71
$50,000 to $99,999846191.8%56
$100,000 to $149,999322369.6%16
$150,000 or more261478.6%11
Conception feeMedianMultipleCataloged in 2026
Under $25,000$75,0005.33x20
$25,000 to $49,999$140,0004.17x49
$50,000 to $99,999$200,0003.14x16
$100,000 to $149,999$285,0002.71x1
$150,000 or more$375,0002.00x15
Weanlings, 2023 to 2025ClearanceSoldMedianMultiple
Sire raised for the next season85.2%69$180,0004.17x
Sire held75.6%34$162,5003.86x
Sire cut76.6%95$130,0003.47x
First-crop sire75.8%75$140,0004.30x
All other sires78.9%150$150,0003.20x

08 · Pinhooks

Most November weanlings come back as yearlings

1.52x

median gross multiple for the 202 FT November weanlings of 2021 to 2024 resold the following year.

Of the 309 weanlings bought from 2021 to 2024, 252 were cataloged again the next year and 202 sold, 40 for less than they cost and 67 for twice or more. Together the 202 brought $51,803,000 on $31,464,500. Keeneland September took 114 of the resales and Fasig-Tipton October 41. The multiple falls with the price: 1.74 times under $100,000, 1.46 times at $200,000 or more. Last year’s 67 have been through the yearling sales: 43 resold, at a median 1.47 times.

Median resale multiple by weanling year

0x0.5x1x1.5x2x2021 weanlings: 42 resold, median 1.65x1.65x20212022 weanlings: 51 resold, median 1.48x1.48x20222023 weanlings: 53 resold, median 1.64x1.64x20232024 weanlings: 56 resold, median 1.47x1.47x20242025 weanlings: 43 resold, median 1.47x1.47x2025
Population: weanlings sold at FT November (in the ring or post-sale), followed to their first completed public sale the following year in TI’s sale database; Fasig-Tipton October 2026 outcomes from TI’s pinhook tracker. Multiple: resale price over purchase price, gross of every cost. The 2025 weanlings (grey) are reported apart from the 2021 to 2024 pool.
Show the data
Weanling yearBoughtCataloged next yearResoldMedian multiple
20216253421.65x
20228968511.48x
20237460531.64x
20248471561.47x
20256752431.47x
2021 to 20243092522021.52x
Weanling yearResold below costResold at 2x or morePaidResale price
2021616$5,619,000$9,880,000
20221217$8,214,000$13,452,000
20231318$8,982,000$14,786,000
2024916$8,649,500$13,685,000
20251111$7,440,000$11,855,000
2021 to 20244067$31,464,500$51,803,000
Price paid, 2021 to 2024BoughtResoldMedian multiple
Under $100,000107741.74x
$100,000 to $199,99997701.51x
$200,000 or more105581.46x
Where resold, 2021 to 2024Resales
Keeneland September114
Fasig-Tipton October41
Fasig-Tipton Saratoga27
Fasig-Tipton July12
Fasig-Tipton New York-Bred4
Fasig-Tipton Midlantic Fall2
Fasig-Tipton Kentucky Winter Mixed1
OBS October1

09 · Racing fillies and mares

Nearly every racing filly is a stakes winner

52

of the 60 racing and broodmare prospects are stakes winners. Fifteen won a Grade 1 or Group 1.

Their median earnings are $466,770, and 13 have earned $1 million or more. Twenty-four are four-year-olds and 18 are five. Fifteen were in Breeders’ Cup fields at Keeneland on October 30 and 31, and two won: Ways and Means in the Filly and Mare Sprint and Kathynmarissa in the Filly and Mare Turf. The Breeders’ Cup sale tracker follows every starter cataloged at auction.

Racing and broodmare prospects by best win

Grade 1Grade 1: 1515Grade 2Grade 2: 1111Grade 3Grade 3: 1313ListedListed: 44Other stakesOther stakes: 99Black-type placedBlack-type placed: 77NeitherNeither: 11
Population: the 60 fillies and mares cataloged as racing or broodmare prospects (46) or broodmare prospects only (14), outs included. Best win and earnings as printed on the catalog page, with Fasig-Tipton’s updates through November 1; Group 1 wins abroad count with Grade 1. Breeders’ Cup fields include one also-eligible who drew in.
Show the data
Best winFillies and mares
Grade 115
Grade 211
Grade 313
Listed4
Other stakes9
Black-type placed7
Neither1
Total60
Age in 2026Fillies and mares
21
312
424
518
65

10 · Nine years

Last year’s average was the highest in nine years

$731,438

average price in 2025 in our records, the highest of the nine years on file, from 144 horses sold.

At the close, the 2025 sale was reported at 138 sold for $102,027,000, the second-highest gross in the sale’s history behind 2021, with a $739,326 average second only to 2008. Our records, which add post-sales reported after the close, have 144 sold for $105,327,000. Its $322,500 median was second to 2018’s $327,500. Since 2021, ring clearance has risen every year for weanlings, from 66.3 percent to 91.8 percent, and fallen every year for racing and broodmare prospects, from 89.4 percent to 65.5 percent. Mares in foal cleared at 74.1 percent in 2021 and 70.0 percent last year.

FT November gross by year

$0$20M$40M$60M$80M$100M$120M2017: $74,200,000 gross, 115 sold20172018: $89,473,000 gross, 140 sold20182019: $68,011,000 gross, 128 sold20192020: $80,237,000 gross, 142 sold20202021: $103,699,000 gross, 149 sold20212022: $101,289,000 gross, 170 sold20222023: $101,281,000 gross, 154 sold20232024: $96,423,500 gross, 178 sold20242025: $105,327,000 gross, 144 sold2025

Ring clearance by section, 2021 and 2025

20212025WeanlingsWeanlings, 2021: 66.3%66.3%Weanlings, 2025: 91.8%91.8%Mares in foalMares in foal, 2021: 74.1%74.1%Mares in foal, 2025: 70.0%70.0%Racing and broodmare prospectsRacing and broodmare prospects, 2021: 89.4%89.4%Racing and broodmare prospects, 2025: 65.5%65.5%
TI’s sale database, 2017 to 2025. Sold, gross, median and average include post-sale transactions and exclude RNAs, so they can run slightly above the closing-day figures. Offered is sold plus RNA plus post-sale; clearance is sold in the ring over offered.
Show the data
YearCatalogedOutOfferedClearanceSold
20172036214180.1%115
20182485519366.3%140
20192205216873.8%128
20202887721161.6%142
20212707619474.2%149
20223197924070.4%170
20232666120575.1%154
20243178123672.9%178
20252204217877.5%144
YearGrossMedianAverage
2017$74,200,000$250,000$645,217
2018$89,473,000$327,500$639,093
2019$68,011,000$300,000$531,336
2020$80,237,000$200,000$565,049
2021$103,699,000$300,000$695,966
2022$101,289,000$250,000$595,818
2023$101,281,000$295,000$657,669
2024$96,423,500$250,000$541,705
2025$105,327,000$322,500$731,438
Ring clearance20212022202320242025
Weanlings66.3%68.8%72.5%73.7%91.8%
Mares in foal74.1%63.2%75.9%68.2%70.0%
Racing and broodmare prospects89.4%81.8%79.6%76.8%65.5%

11 · Pre-registered

What Monday will test

53

weanlings are by sires cut for 2027. From 2023 to 2025, weanlings by sires cut for the following season cleared at 76.6 percent and a $130,000 median; by sires raised, 85.2 percent and $180,000.

39

weanlings are by first-crop sires, 34 of them by sires since cut. First-crop weanlings from 2023 to 2025 cleared at 75.8 percent, at a $140,000 median and 4.30 times the fee.

22

mares carry covers at $200,000 or more. From 2023 to 2025 that band cleared at 72.5 percent and sold at a $1,250,000 median, 5.75 times the cover fee.

Method

This is a pre-sale snapshot taken on November 1, 2026, the day before the sale. The population is the 215 entries in the catalog that afternoon, supplements included: 211 horses and 4 lifetime breeding rights. Thirty-six entries are out, 35 horses and 1 breeding right; unless a figure says otherwise, outs are counted. We will add the results to this page after the sale and score the three tests above against them.

Stallion fees are TI’s Kentucky stud fee data: the last advertised fee for each season. A weanling’s conception fee is its sire’s 2025 fee; a cover’s is the covering sire’s fee in the season of the cover. Gun Runner’s 2027 season is advertised as Private; the $350,000 used here is the figure on the stud fee page. First crop means the sire entered stud the year before the weanling was foaled.

History for 2017 to 2025 comes from TI’s sale database. Offered is sold plus RNA plus post-sale, and ring clearance is horses sold in the ring divided by horses offered. Sold, gross, median and average include post-sale transactions and never include RNAs, so they can run above the closing-day figures: for 2025 our records show 144 sold for $105,327,000, against 138 for $102,027,000 at the close, the second-highest gross in the sale’s history. Multiples are gross, before any expense. Resale figures follow weanlings to their first completed public sale the following year, from 2021.

The Keeneland comparison counts the full 2026 November Breeding Stock Sale catalog before withdrawals, by Keeneland’s own book designations.

This page reports the catalog in aggregate and expresses no view on any horse in it.