Craig Bernick

Record-Setting Fasig October Sale Concludes

LEXINGTON, KY - The Fasig-Tipton October Yearlings Sale, which had already surpassed its previous highest gross with a day to go, concluded Thursday with new high-water marks for average and median and its lowest buy-back rate since 2013. "Day four was another outstanding day for the October sale," said Fasig-Tipton President Boyd Browning. "It was a fitting conclusion to a great horse sale. It's been a great week. The numbers have been tremendous all four days across the board. There were dramatic increases in gross, dramatic increases in average and...

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Sunday Insights: Seven-Figure Colt Gets Going at Santa Anita

Sponsored by Alex Nichols Agency 6th-SA, $61K, Msw, 3yo/up, 1m, post time: 6:50 p.m. ET Dixiana Farms-bred AMERICAN ADMIRAL (American Pharoah) was purchased by Hunter Valley Farm for $340,000 at Keeneland November in 2018 and fetched $1.3 million from Jamie McCalmont on behalf of M.V. Magnier and Sarah Kelly at KEESEP the following fall. That price was the richest of 70 of his sire's second-crop yearlings to sell in 2019, bar the sales-topping $8.2 million Mandy Pope paid for the half-sister to Beholder (Henny Hughes) and Into Mischief (Harlan's Holiday)....

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Million-Dollar Matings

The fireworks at the annual Keeneland and Fasig-Tipton November sales are always a highlight of the year as seven-figure bids abound on some of racing's top broodmares and broodmare prospects. But after the dust settles, it can be years before words get out on the breeding careers of the sales' top offerings. We catch up with the connections of a few of these most recent million-dollar broodmares and learn of their mating plans for 2021 in our ongoing 'Million-Dollar Matings' series.     CONSTELLATION (Bellamy Road-For Royalty, by Not For...

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Fletcher Jones's Unusual Racing Legacy

Warmed by the fireplace, or perhaps by sipping yet another glass of a Santa Ynez vineyard's rich and full-bodied red, I was contemplating the new year and how it needs to be better than the fiasco that was 2020. The wine, by the way, was issued by a label called Westerly and named Fletcher's Red, and it happens to be the namesake of a man who burned a short but bright trajectory through horseracing. He's also had a positive impact on young people's lives in ways in which he could...

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From The Experts: Craig Bernick

On the back of the eagerly anticipated stallion fee announcements in Europe, we spoke with a number of leading industry figures about value. Today we hear from Craig Bernick of Glen Hill Farm. TDN: Who have you identified as a first-year stallion at an appealing opening fee? CB: Pinatubo (Ire) was a top-class 2-year-old and his introductory fee of £35,000 is probably very fair compared to where similar horses have started off over the years. Shamardal is the sire of Lope De Vega (Ire) and he comes from the female...

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TOBA Names Officers, Five New Trustees to Board

Edited Press Release The Thoroughbred Owners and Breeders Association has announced the re-election of Brant Laue as Chairman of its Board of Trustees. Joining Laue on the Board of Trustees is Shannon Bishop Arvin, Jeffrey Bloom, Marette Farrell, Dr. J. David Richardson and Stephen Screnci. Re-elected to three-year terms were current trustees Robert Devlin, Terry Finley, Brant Laue, Bernard McCormack, Charlie O'Connor and Garrett O'Rourke. "I am honored to serve another term as chair with this board of trustees," Laue said. "Our great sport has overcome many obstacles and difficulties...

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TIF Biennial Report Released

The Thoroughbred Idea Foundation has published a biennial report covering operations from its launch in August 2018 through the end of July 2020. The report provides a brief overview of TIF work and engagements from that period, high-level financials and more. "We are pleased to present the TIF Biennial Report, covering our first two years of operations," said TIF founder and board chairman Craig Bernick. "We believe a report is necessary to be transparent with the activities we have undertaken and with our spending to accomplish that--primarily funded to date...

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Levy Joins TIF Board; Wagering & Integrity Issues Committee Launched

Michael Levy has been added to the Board of Directors of the The Thoroughbred Idea Foundation (TIF). Levy is the founder and president of Muirfield Insurance, a full-service equine insurance agency based in Lexington, Kentucky. Along with wife Meg, they own and operate Bluewater Farm and Bluewater Sales. Throughout his career, Levy has served on a variety of industry boards, including the American Graded Stakes Committee, Breeders' Cup and Thoroughbred Owners and Breeders Association. "Mike brings a lifetime of experience to our board, and with it, a willingness to think...

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The Weekly Wrap: Peace, Love and Understanding

First Love, now Peaceful. In another alarming week in world events, we could all use a little of both, but they are of course the two latest Classic winners for their peerless sire Galileo (Ire). When winning the Moyglare Stud S. last September, Love (Ire), now also the 1000 Guineas winner, sparked a Group 1 double on Irish Champions Weekend which was completed by the Irish St Leger winner Search For A Song (Ire). By November, Galileo had drawn level with Danehill's record on 84 individual Group 1 winners thanks...

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Owner Perspectives on Trainer Business Model: “The Current System Is Broken”

The TDN recently took a lengthy dive into the business model of the average American trainer, and asked this question: "What, if anything, can be done to make this model a healthier, more efficiently run affair?" The answers garnered revolved around two central issues. One concerned reduced race-day opportunities leading to shrinking earnings, and the possible raising of day-rates to compensate. The other concerned the possible payment of monthly invoices up-front, to save trainers the pressure of covering the daily expenses for a minimum of 40-45 days. Other topics raised...

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Letters to the Editor: Applause for The Jockey Club

by Craig Bernick The breeding business in America has grown increasingly commercial over the last two decades. I am in favor of the 140-mare cap and applaud the Jockey Club for instituting this change. The metrics of this issue are simple to understand, comparing American foal crops to the number of "140+ stallions": 1999: 33,844--3 2009: 29,612--26 2019: 19,225--45 While I understand that these are the dynamics that emerged in the market, and that market is just a reflection of consumer behavior, I have come to believe we have let...

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Open Letter to the Industry: Horsemen Struggling, Purses Down – Give Away Free Basic PPs

by Thoroughbred Idea Foundation For more than two weeks, Home Box Office (HBO) has offered free streaming via the HBO Now and HBO GO platforms for several of its famous titles, "the first time...this type of programming [is] available outside of a paywall throughout the month of April. The service is usually priced at $14.99 per month." Horse racing is not HBO, but the point is obvious. What a better way to get people to try your product than take the most captive audience period in history and give them...

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