Value Sires

Value Sires Part 6: Proven Sires

As the 2022 breeding season approaches, we bring our Value Sires series to a close by shining the spotlight on 10 sires with their first crops four and older that appear poised to deliver breeders value. Though it seems at times as if the chasm between the elite proven sires and the unproven pretenders is ever-widening, driven by the often ruthless nature of the auction marketplace, there is still value to be found among the lesser-priced proven sires. We have opted to make the cutoff fee for this exercise £/€20,000,...

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Value Sires Part 5: First 3-Year-Olds

In this penultimate edition of the Value Sires Series, we look at stallions that had their first runners last year, and will therefore have their first 3-year-olds in 2022. With the numbers for 2021 tallied, this group actually appears to be a deep one, with plenty of them having done enough to go into their second years with a legitimate shot to still make it as a sire. While the last two cohorts produced runaway leaders in Mehmas (Ire) and Night Of Thunder (Ire), this year the riches were much...

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Value Sires Part IV: First Juveniles

In this week's installment of Value Sires, we arrive at the young pretenders on the cusp of a moment of reckoning. We dissected their credentials when they retired to stud, analysed the early returns of their first foals and watched in earnest how the market perceived their yearlings. Now, the true test is upon them; in a few short months, they will begin to reshuffle their ranks by the only measure that really matters: progeny racetrack performance. The most fascinating aspect of this sire crop as a whole thus far...

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Value Sires Part III: First Yearlings

In the latest edition of our Value Sires Series, we arrive at stallions with their first yearlings in 2022. The Darley duo of Too Darn Hot (GB) and Blue Point (Ire) retired as the two breakout horses of this group on fees, and that is how they wound up their first sales season. Too Darn Hot, the beautifully bred son of Dubawi who was a champion at two and three, retired at £50,000 at Dalham Hall Stud, and his 11 foals sold last year averaged €131,148/£111,964-the best foal sale average...

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Value Sires Part II: First Foals

We continue our Value Sires Series with a look at stallions with their first foals arriving in 2022, and what looks a very intriguing bunch. Not only do we have Pinatubo (Ire) (Shamardal), the outstanding 2-year-old who was rated higher than Frankel as a juvenile, but also Ghaiyyath (Ire) (Dubawi {Ire}), Dubawi's best son yet to retire to stud; the Classic-winning Sottsass (Fr) (Siyouni {Fr}), who trained on to add the G1 Prix de l'Arc de Triomphe at four; and the three-time Group 1 and Classic winner Persian King (Ire),...

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Value Sires for '22, Part VII: Through the Crossroads

In reaching the penultimate instalment of our series, once again we are obliged by the steepening commercial gradient to combine different intakes--this time, those who have now launched between four and six juvenile crops--to ensure a suitably competitive podium. For by this stage of their career the majority of Kentucky start-ups will already have packed their bags for regional or overseas programs. One or two are still barely clinging on, their books plummeting, but overall we're now looking at those few who have bravely consolidated to the brink of inclusion...

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Value Sires, Part VI: Earning their Stripes

This can be a terrifying business. Here we are, for the first time in this series, assessing stallions that have at least put some sophomores through the starting gate. And already, commercially, the game appears to be up for many. So much so, in fact, that to give adequate competitive depth to our value podium, we're going to combine the consecutive intakes who were in 2021 respectively contesting the second- and third-crop championships. Here's just one example of how ruthless the market is. I won't name the stallion, because he...

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Value Sires Part I: The Newcomers

Welcome to TDN Europe's annual Value Sires Series. Over the next few weeks we will analyse the continent's sires by sire crop and provide a general state of play in the stallion market and, most importantly, pull out some potential value that may be lurking beneath the surface. Of course, the concept of value is subjective and can depend upon a wide range of goals: whereas one breeder may be looking to produce an animal that they can race and pick up purses with for years to come, many more...

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Value Sires, Part IV: First Juveniles in '22

Though the first three installments of this series have featured the stallions with most to prove, we know that they will collectively be dominating commercial traffic in the new covering season. But today we come to the group that has just completed that first, critical market cycle--and finally stands on the brink of testing their stock where it really counts. Or should count, anyway. The sad reality is that they have already exhausted their usefulness to a lot of breeders, many of whom will meanwhile have ridden the carousel through...

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Value Sires for 2022, Part 3: First Yearlings

With the global economy tottering in the Covid headwind, last year a lot of stallion farms went out of their way to help breeders with fee cuts. As a result, as I've previously suggested, the market's remarkable rally since means that the present trading environment represents a pretty historic opportunity. And that particularly applies to the next group in our series, as the first to have absorbed those cuts. (Even last year, it felt as though the rookies had been priced with the usual and necessary opportunism.) Especially because one...

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Value Sires, Part II: First Foals in '22

Even last year, when doing so much to fortify breeders through the uncertainties of the pandemic, stallion farms appeared to price their rookies to squeeze the usual juice from the commercial market's greatest addiction. That was fair enough. Nowadays farm accountants can bank only on the most fleeting of vogues in drawing up a business plan for stallion acquisitions. And nor can we sensibly expect any slack now, pending the arrival of first foals and then a debut at the weanling sales next fall. A stallion has to be in...

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Value Sires for 2022, Part 1: New Stallions

Welcome to our annual winter survey of Kentucky stallion options--with the difference, this time round, that the emphasis will be far more strictly and succinctly on value. Over the past couple of years, acknowledging of the brevity of commercial momentum for so many sires once losing their freshman luster, we've got into the habit of granting some attention (more or less courteous!) to just about every stallion in the Bluegrass. But such an exhaustive approach has doubtless proved still more exhausting for the reader than for the compiler. So, we've...

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