While the first three seasons of this series have most of the stallions to prove, we know that they will generally dominate commercial traffic in the new season. But today we come to a group that has just completed its first major market cycle – and is finally on the verge of testing their stock for real value.
Or should count, anyway. The sad fact is that they have exhausted their usefulness to a lot of breeders, many of whom will ride on conveyor belts through the next two rounds of recruits and will now increase in size by a third. .
Thus, even the rest of us face a challenge in finding the fragile value balance between market energy that will keep the famous “pipeline” loaded. and keep faith with the people we think will do well on the track. Of course, the second part of the equation requires particular perseverance, when it comes to those whose stocks may need a second turn and maturity to reach their full potential. Likewise, such types almost certainly tend to lose numeric support, so they provide the potential to increase the rewards for those hanging there. By the time the established annuals next spring come to market, the group will bring in the second crop. If the first few crops are good, then it is likely that demand will greatly exceed supply.
Needless to say, it’s not a gamble too many commercial breeders are inclined to take, when it can be a lot easier to make a quick buck from brooders that have excellent recyclability. of them on the track is still completely unknown. It is not that we have learned as much as we think from the market taking in the first weaners and calves. Over most years, the average tends to fairly carefully copy the rankings implied by fees, with only marginal deviations indicating one or two people have a stock that disappoints or exceeds expectations.
However, this lot was a bit more volatile. The average achieved by the first years in 2021 shows some fairly obvious disasters, as well as some equally conspicuous outliers in a positive direction – one of which holds its place on the value podium. a reasonable way.
As with previous acquisitions, some of these were slashed fees last year by the farms, making a really important move for breeders facing the uncertainties of the industry. pandemic economy.
Given that these studs have meanwhile reached a notoriously vulnerable point in their careers, some have been pruned again; while others who have performed very well in the round of sales are still pegged at a rate that seems rather uncomfortable given the market that has surged since then. In other words, there needs to be a lot of surrounding values.
Admittedly, a young stallion has demonstrated a spike in sales – most unusual for one at this difficult crossroads – access to which will be 50% more expensive than last spring before launching the first chicks. City of light, now up to $60,000, sold 67 out of 75 for a spectacular average of $337,698. We’ll have to see if he can keep that momentum going as these animals hit the track, he’s not the earliest himself, but he hasn’t stopped shining fundamentally. between his first career until his second start.
City of light is a tribute to one of those farms that believes the interests of their customers are best served by limited book sizes. To be fair, both Evenly and Mendelssohn shows that the more industrial model can also work on the facade. It actually feels almost shocking that the two should have collected 252 mares in their first season, but each hit the required dividend on sales. Indeed, value is a relative concept, you can even make the case for Evenly to be on the podium as he’s been slashed consecutively from $150,000 to $125,000 and now $100,000.
But those who are qualified to operate at that level can obviously make those judgments for themselves! So here, more subjectively than ever, is our proposal of the three more accessible rungs of the pyramid. Again, no apologies for the loyalty to the stallions we have long loved. While too many of these businesses operate as if their job is done, they really haven’t started – and they certainly haven’t done anything to warrant layoffs.
Effervescent according to: For a stallion that is sometimes difficult to handle, Bolt d’Oro is definitely on the show where it counts: he got the big numbers through that revolving door at Spendthrift, with 214 mares in his debut book at $25,000 and his $155,097 average beats two startups by $35,000 in Mendelssohn and Good magic. Participating in his ranch’s big run last year when it was slashed to $15,000, he’s actually been reinstated to $20,000 this time — but is clearly entitled to that charge. if he gets minors done as well as he is.
On the same farm, Cloud computing handled his first crop on a brisk pace (53 sold out of 60 for $45,783) and we’ve talked before in this series about trying to catch the rising tide with his sire Music by Maclean. One roll of the dice is possible at $5,000.
Bronze: ARMY MULE (Friesan Fire – Crafty Toast by Crafty Pros Inspector)
$7,500 Hill ‘n’ Dale
Okay, so sire and damire together hardly represent a clear commercial formula, while his career is limited to four minutes. But there’s no denying that this is a pretty wild talent. He won his three starts, with a total of 22 lengths, beating GI Carter H. on his debut with a half-dozen lengths in 1:20.94.
Will the market create this meteor? Well, his 140 opening book is down to 47 in due course and he’s cut from $10,000 to $7,500. It’s possible that those who responded, with 83 covers last spring, noticed his weaning babies displayed something of the physical majesty that underpins bullet time. his as a young salesman topped the $825,000 FT Midlantic.
With that background, he always seemed to be a clear vehicle of attraction and, without a doubt, helped fuel an impressive debut with a coveted box office. With a pony and a puppy both hitting $400,000, he moved 63 out of 76 at $91,809 – 9 times their conception fee!
One way or another, the genes are definitely at work in this singularity: remember that his sire is of aristocratic lineage, while his first three smashes hit the level one after another. shares, tier III and tier II. John Sikura is building something special on a much narrower foundation, in Music by Macleanand I suspect that those who boarded the train with Mule’s Army will now find themselves ahead of the curve at 2-year-old sales – never mind when the freshman championship starts to take shape.
Silver: MO TOWN (Uncle Mo–Grazie Mille by Bernardini)
$7,500 Ashford
Now here’s a guy whose every trajectory is going strong – with the sole exception of his fees, which are down 40% from his opening $12,500. In other words, time for breeders to catch the rising tide.
After training at the age of four, only to disappear after a warm-up in the spring, he became a forgotten horse when assembling a debut book 144. In 2020, down to $10,000 la, he received 108 partners. However, last spring, a change occurred: encouraged by Uncle MoThe flight started as a stallion, with no less than 204 mares benefiting from another drop of his charge (partly, of course, a Covid concession). So whatever Mo town can do with his first few crops, he’ll be in a much better position than most crops to fortify.
While waiting, Mo town had a good debut with expected revenue, handling 70 out of 78 for an average of $60,250. And his stock is entitled to land, Mo town won the GII Remsen S. at two o’clock. Though he had to regroup the following year, he eventually did so with a quick foot-swing to land on his Class I turf (his half-sister by War front runner-up in an Irish Classic).
And, actually, let’s forget Uncle Mo in one minute. For the bottom half of this horse’s pedigree has been beautifully seeded, with its first five beatings by Bernardini, Carson City, Danzig, Sir Ivor and Native Dancer, the fifth being Raise A Native’s full sisters. (As such, buying a Grade I-rated granddam as a weaning bargain represents a typical wary move by Gunther, her cop in Carson City who is Raise A Native’s grandson.)
But of course, no one will forget Uncle Mo for a long time. His sky-high valuation will no doubt steer the ranch’s less affluent customers towards a qualified alternative to compete with those who have earned Uncle Mo the nickname of a young brood. age. Momentum is exactly what Mo Town has now, at the stage in his career when most opponents are worried about water.
Yellow: EXACT (Look at luck–Issues by Awesome Again)
$15,000 at the end of the alley
A horse like this would never cause a commercial stampede. Even so, he was valued with almost brutal realism, at just $20,000. That tells us much that was wrong with our business, for this is a model racehorse whose beauty and attitude underpin a career of unshakable improvement. worth $6.7 million, crowned thanks to the Racehorse of the Year campaign but because of claims to the historic Trio of Crown Winners (the five Ranks were only interrupted by a nine-neck defeat to City Of Light ). But this strategy paid off with opening book #167, which really pushes the boundaries by this ranch’s laudably conservative standards. Since then, he’s also marked well enough over the course of two seasons, along with 213 other mares; and treats his first year cubs at an absolutely respectable rate, reusing 70 out of 88 at $72,831.
Even from such a horribly low base, Urge was eased continuously to $17,500 and now $15,000. He’s a recalcitrant horse for that kind of money. We know his males are still scandalously undervalued, but turn that around and ask yourself what kind of physique he had to recycle to raise the $380,000 he wanted. from one of the best judges in the game.
That’s all that is encapsulated with the brothers in elementary and high school, they are half-sisters from the first prize winners; he is also crossed with Broodmare of the year Smartaire. So not a bit of his armor, and you’ll be sorry to have turned down this insulting charge when ponies raised at a much higher cost begin to be squashed by his herd. he.
