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Story perspectives

Keeneland Sale Soars to Record $531.7 Million Amid Tax Breaks

9/26/2025

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Story summary
  • Keeneland September Sale in Kentucky posted a record $531.7 million, up from $427.9 million last year.
  • 56 yearlings sold for over $1 million, led by a Gun Runner colt at $3.3 million.
  • Tax breaks from President Trump's legislation, especially bonus depreciation, are credited for the strength.
  • Buyers can write off 100% of a racehorse purchase in year one, including expenses.