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This sale, the world's largest sale of yearlings, has been conducted at various times in the fall since 1944, and was permanently moved to September in 1960. Yearlings sold here need not meet any pedigree or conformation tests unless they are to be sold in "Selected Sessions." In recent years, the September sale has produced a Kentucky Derby winner, an Epsom Derby winner, and a U.S. Horse of the Year. Spectators welcome.