Value Sires

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),...

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...

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...

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...

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...

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...

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...

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...

After completing our marathon tour of covering options in the Bluegrass, today we take a tour of the main regional hubs. Clearly, it would be impractical to go into anything like the same depth and, besides, local breeders know their own markets best. But while we will only visit some of the principal centers, and pick out only one or two names in each, bloodstock investors anywhere can acknowledge the professionalism that unites horsemen, coast to coast, and think about the possibilities of diversification or experiment--above all in those programs...

So here we are at last, rounding the home turn. This series has unfolded in familiar fashion, with an initial stampede of unproven young stallions progressively thinned out by the impatience of a commercial sector operating in ever decreasing cycles. Today we finish with a selection from those admirable stallions who have survived the ruthless attrition, and created a viable niche at various levels of the market. The odds they have overcome, to get here, are such that the long-term health of the breed is clearly being treated as something...

As breeding sheds prepare to swing open their doors in the coming weeks, we bring you the final installment of our 2021 Value Sires series. Gone are the days of dissecting sales averages and speculating on the comments of the judges; these elder statesmen have proven their mettle on the racecourse, and a few of them are even available at their lowest ever fees. While value exists in all price brackets and for all budgets, we have chosen to limit the scope of this analysis to stallions standing in Europe...

The wait is very nearly over for the young pretenders we will examine in this fourth installation of our multi-part Value Sires series: stallions with their first runners in 2021. While the full verdicts must be delayed until these are given a fair shake with their first full seasons with 2- and 3-year-olds, the reality is that the first juvenile races in the coming months will be akin to a perpetual Christmas morning in the bloodstock world, with each of us eager to unwrap the packages we have been examining...