Value Sires

Value Sires For '23: Part VI, Earning Their Stripes

And so we come to the abyss: that giddy phase between launching your first juveniles and being able to claim a viable niche in this most unforgiving of marketplaces. Yes, for those few young stallions that do manage to seize their fleeting opportunity, a narrow path can rise rapidly towards lucrative heights. Most of the others, however, find themselves clinging to a crumbling ledge. Whatever you do, don't look down! It's easy to disparage the robotic tendencies of the commercial market. Too easy, certainly, for me to have neglected the...

[ Read More ]
Value Sires Part III: Farhh and Away

As we move into the third tier of our examination of stallions by yearling profitability, the name at the top of the list for those standing between the equivalent of £10,000 and £19,999 perhaps provides an example of how rarity drives demand. On paper, the Dalham Hall Stud-based Farhh (GB) has an awful lot going for him. A son of Pivotal (GB) out of a dual Group 1 winner over a mile and a half, he was lightly raced, with just one winning appearance in each of his two- and...

[ Read More ]
Value Sires Part II: The Middle Ground 

Continuing our series on the profitability of stallions, this week we are looking at those who stood between £20,000 and £49,999 in 2020. Three of the top four in this table have subsequently graduated to the higher-fee bracket outlined in Part I of this series last Thursday.  As previously stated, we will be examining sires in four key price brackets according to their yearling sales returns of 2022 set against their fees at the time of covering. The average profit has been determined by the stallion's fee plus a figure...

[ Read More ]
Value Sires Part I: Profitability from the Top

Value is relative. A homebred yearling by a lowly stallion who goes on to reap rich rewards on the track, or one by a more fashionably expensive name who brings a bonanza return in the sale ring could each be considered to have offered 'value' for their breeders. In a slight departure from the norm for this annual series, we will be looking at the profitability of stallions in four key price brackets according to their yearling sales returns of 2022 set against their fees at the time of covering,...

[ Read More ]
Value Sires for '23: Part V, First Sophomores

Today we finally come to a group that has at least had some initial opportunity to show whether or not they can replicate their own racing prowess. By the same token, of course, this means that their level of support--which in many cases will already have declined through each preceding year, as racetrack exposure draws perilously closer--may now fall off a cliff. If the stampede to unproven sires is ludicrous, then so is the haste with which they are abandoned. Stallions whose stock should plainly be granted time to mature...

[ Read More ]
Value Sires for '23, Part IV: First Runners Due

No getting away from it, the young stallions we assess today have already completed their service to many breeders. They've processed a debut crop of yearlings, often on an industrial scale, and many have obliged with the kind of averages that vindicate the familiar, self-fulfilling commercial cycle that so favors new sires: demand generating supply, and the quality incidental to that increased supply in turn increasing demand. That leaves us with another tricky podium. You can't just congratulate those who have "won" on this system, topping out the first-crop yearling...

[ Read More ]
Value Sires For 2023 – Part II: First Foals Due

The group we consider today for now retains a convenient gloss, still in the happy position of offering "all talk, no action." But they will actually have got as far as delivering their first flesh-and-bone foals into the straw by the time they start receiving their second book of mares. And many of the people who exploited their novelty value last year will automatically have moved on to the next intake of rookies, rather than expose themselves to the peril that the market won't like a debut crop. Foals conceived...

[ Read More ]
Value Sires For 2023 – Part I: New Stallions

Welcome to our annual assessment of Bluegrass sire prospects for the approaching covering season. As last year, we're going to confine our focus largely to a "Value Podium" for each intake--rather than attempt, as in the past, an exhaustive (not to say exhausting) assessment of every stallion in the Commonwealth of Kentucky. Believe me, it wasn't always easy to find something adequately civil to say about every last one! But the fact is that this is only ever one person's opinion and, as such, a hopelessly subjective exercise. By restricting...

[ Read More ]
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,...

[ Read More ]
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...

[ Read More ]
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...

[ Read More ]
Value Sires Part III: First Yearlings
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...

[ Read More ]
X

Never miss another story from the TDN

Click Here to sign up for a free subscription.