Value Sires

We're at the top end now when it comes to stallion fees, but there is quite a range to those prices, which for this feature is anything above £/€20,000. There is of course a massive difference, certainly when it comes to value, in a stallion standing at £35,000 and one at £350,000. In fact, we have two at that latter fee, which makes Frankel (GB) and Dubawi (Ire), the champion sires of the last two years in Britain and Ireland, the most expensive stallions in the world. Those two representatives...

Stick or twist? That's the question faced by many breeders this year. Anecdotally, it appears that some will be pulling back and not covering certain mares, which is understandable after a tricky sales season, not to mention the constant reminders from racecourse managers regarding the "significant headwinds" faced by racing. Unlike America, the foal crop in Britain and Ireland has been gently on the rise in recent years, up to 13,438 in 2023, compared to 12,778 in 2020, though within that combined number for last year, the Irish crop rose...

Today we conclude our survey of Kentucky stallion options with a look at the apex of the pyramid, comprising a couple of dozen standing between $60,000 and $250,000--besides whatever it might take to secure your mare an audience with Justify. It feels presumptuous enough to offer counsel even on cheaper sires, when each mating should boil down to you finding an optimal fit for an individual mare that you know inside out. Still greater hesitation, then, must precede any attempt to discover "value" among this lot. No stallion has any...

Who would be a stallion master, eh? Sure it's fine if you have a new horse to show off, or one of the elite few who has truly made it, but pity the owner of the stallion who has just faded from fashion through no real fault of his own, merely overlooked as the stampede rushes on to the next new thing. One can't blame breeders either for showing such interest in the new stallions at stud, for they have yet to be judged (though they will be, just as...

Now we're really entering nosebleed altitudes for most breeders, between $30,000 and $50,000: a zone where you should feel that you're improving the odds of coming up with an elite horse. It tells you a lot about our business that the majority of the two dozen stallions operating at this level can only do so because they have yet to send a single runner into the starting gate. A quarter of these we immediately set to one side, as absolute beginners, because those received separate consideration in the opening instalment...

Today we'll consider some of the sires standing between $10,001 and $19,999. For a long time, I called this the Lookin At Lucky zone. But don't worry, we won't be deploring his neglect yet again: he's staying in Chile, where they evidently appreciate him rather more. Plenty of horses in this bracket have recently relinquished their brief window of commercial opportunity, and are now hanging around to discover whether they might join the very small group whose first runners generate a fresh vogue. Even with the newcomers out of the...

Having dealt with the new sires as a case apart, today we start our journey through the price bands of Kentucky stallions by seeing what we can do with a four-figure budget. Even at this end of the market, the perennial dilemma remains that value means different things to different people. A breeder operating at this level tends to appreciate every cent of a commercial return, however marginal. If your belt is already at the last notch, then the understandable inclination is to leave any selfless consideration of the breed's...

And so another cycle opens, bringing all the usual dilemmas. To assist their resolution--albeit the exercise seldom fails to entail a degree of provocation, sometimes even offense--today we commence our annual quest for value among Kentucky stallions. This time round, value feels likely to prove quite elusive. With the middle market increasingly porous, stud fees overall are at a challenging level. If they were driven up by a long bull run in international bloodstock, that appears to be tapering away and there's evidently going to be quite a lag before...

After hearing from Chris McGrath in his 2024 Value Sires Part I, we thought we'd ask several breeders who they thought offered particularly good value this year. Here's what they said: Jody Huckabay The horses I have chosen are expensive, but I think they are good value. GOLD: Elite Power (Curlin--Broadway's Alibi, by Vindication), Juddmonte Farms, $50,000. The first horse I like for his body of work, race record, and pedigree is Elite Power. To me, he's on top of the list, with everything being considered. I look at it...

For this final part of the series, we are looking at stallions who have retired to stud since 2021 and will thus have either first foals or yearlings at the sales this year or are about to cover their first book of mares. There is plenty to digest from three years' intake and of course prices can often drop after a stallion's first year at stud, so there could be some value to be found for breeders willing to roll the dice on a stallion about to embark on his...

It tells you plenty about the business today that this final leg of our quest for value on Kentucky farms should compress together stallions whose various retirements from the racetrack spanned more than decade. In devoting nearly all the previous instalments to individual classes of younger stallions, we've simply mirrored the distribution of mares, which as we all know is massively loaded towards largely unproven sires. To me, then, those few survivors that do establish a viable niche in the Bluegrass are real heroes. While dozens of their original competitors...

It is perhaps at this level of the market that bookings have not yet been finalised for this year's matings. While a number of those named here have since moved up in fee bracket on the back of success with runners and subsequent market response, there is still plenty of value to be found in the hope that stallions coming through could be similarly upwardly mobile. The aim of this exercise has been to show the average profit for stallions at each of four different levels of the market according...