Information and analysis for the Thoroughbred investor T h e B l o o d - H o r s e January 23, 2009

2009 European Stud Fees By Michael Youngs 4. European Imminent Correction Arrives entering sires 2009 ith 15 years of continuous growth in the European high compared to prizemoney and also because Europe and 2008 Wbreeding industry and particularly strong expan- has always had a culture of more flexible negotiation sion in Ireland, the spectre of overproduction had been between breeders and stallion owners irrespective of 5. European looming large for years. The warnings were clear, but, published fees. There is no better example of this than entering as in any bubble economy, plenty of investors were still the four highest-value stallions listed with fees as “pri- sires 2008 willing to join in or reinvest while the going appeared vate” for 2009. Three of those sires are the Coolmore- and 2007 good, despite escalating production costs and lagging based Galileo, Montjeu, and Danehill Dancer. The prizemoney. Now the recession has hit the European fourth is the now blind and aging German-based 6. 2009 european breeding industry hard. Monsun, whose book is being significantly reduced. stallions The Irish economy had already begun weakening The Coolmore group was acutely aware of the dam- Two or more before the credit crunch went global, and the combined aging effect of the credit crunch on its business model. crops to race impact was particularly harsh for consignors at the Goffs With no Maktoum support, almost all Coolmore’s cus- and Tattersalls Ireland sales where withdrawal numbers tomers would be affected by the economic changes. 12. JuvenilE were high and clearance rates desperately low. The Coolmore hoped to mitigate the impact on its stud fees, auctions impact was less severe in France where prospects of particularly for the high-priced Galileo, by contacting preview - N. Am. Breeders Premiums offered some security. its clients very early and encouraging them to get their The need for stallion farms to reduce fees was very mares booked. In addition, Coolmore was noticibly less 14. consignor & clear. However, there was a greater reluctance to admit active at Keeneland in September, and it appears that its buyer stats 2yo to the severity of the decline than was the case in North business priorities are focused on buttressing the farm’s sales, 2001-2005 America. Partly this could be because European produc- stallions that currently hold a pre-eminent position at the tion and racing costs have always been disproportionally European sales. (Continued on page 2) 22. closE Encounters 2008 European Auction Review By Rachel Pagones by Alan Porter

24. leading A Mixed Bag indicators he 2008 European yearling sales suffered the same paint the big picture may be to draw the smaller pictures 2008 Gross Revenue Tbattering that rocked markets worldwide from Target first. No. American Auctions to Christie’s, and sales dropped as the year wore on. Two of these sales took place before the Chapter That was the overall picture. Individually, however, the 11 filing of Lehman Brothers bank, which occurred at European yearling sales put up widely differing perfor- the start of the second week of Keeneland’s September mances. In some cases this was due to timing — pre- or yearling sale and was the first of a string of failures or post-Lehman Brothers collapse — and in other cases near-failures of major financial institutions in the U.S. it was due to the dynamics involving Coolmore and and Britain. Happily, the Deauville auction was held a Darley, the global breeding empires. full month before that fateful Monday and escaped the The Blood-Horse MarketWatch is Because of these differences, it would probably be financial tsunami. misleading to put a figure on the overall decline in sales Arqana’s was remarkably the only one of the four published by Blood-Horse Publications, at the four major European yearling auctions — Arqana’s sales to post gains in gross, average, or median. From August Yearling Sale in Deauville; the Doncaster a catalog unchanged in size since 2007, the auction 3101 Beaumont Centre Circle, Bloodstock Sales St Leger Yearling Sale, in Doncaster, enjoyed a 6.7% increase in gross, a 13.2% rise in aver- England, also in August; the Goffs Million Sale in County age, and a 16.7% jump in median. Furthermore, the P.O. Box 919003, Kildare, Ireland, from the end of September to the begin- buyback rate rose by less than 2 percentage points, and ning of October; and the Tattersalls October Sales, Books was the lowest of any of these sales at 23.2%. Lexington, KY 40591-9003. 1-3, in Newmarket, England. Moreover, the overall figure The timing of the sale was crucial to its success. Telephone: 859 278-2361 would entail conversions of currencies that fluctuated Arqana did a commendable job of attracting buyers of considerably against each other, as well as against the the international luxury category by improving its cata- E-mail: [email protected] dollar, during the 12-month period, so the best way to log and conducting an aggres- (Continued on page 3) marketwatch.bloodhorse.com / 1 2009 European Stud Fees

(Continued from page 1) Dream (£30,000) and Zamindar (£15,000) unchanged from While the Maktoums’ embargo against Coolmore-sired wean- last year, despite the latter’s successes in France with Zarkava. lings, yearlings, and in-foal mares continues, it is a different mat- Another neutral stud is the Irish National Stud, which reduced its ter when it comes to non Coolmore- leading stallion Invincible Spirit owned racehorses. With Galileo now by 33% from €75,000 to €50,000. firmly established as the leading sire The Aga Khan’s operation is not in Europe, Darley purchased his two noted for a large number of stal- best-performed sons, acquiring the lions, but it has a rising star in Jim Bolger-owned and -trained pair Dalakhani, whose fee it had ini- Teofilo and New Approach. The pur- tially considered maintaining at chase of the latter — initially 50% €40,000; however, demand was from his breeder Seamus Burns as such that an increase to €50,000 a juvenile and remaining interest appears more than reasonable. from his trainer at 3 — looks par- Dalakhani had two group I win- ticularly significant. It took Sadler’s ners in 2008 and that number was Wells many years to produce a matched by another second-crop worthy successor and it may take Courtesy of Coolmore S tud sire in Shadwell’s Nayef, but the Galileo equally long for Galileo, but in New farm announced its fees early and Approach Sheikh Mohammed’s Darley operation has an exciting his fee of £15,000 appears the “bargain” for 2009. Shadwell was addition to a stallion operation that has long been overshadowed overrun with applications, but Sheikh Hamdan generously kept by Coolmore. Furthermore, the Breeders’ Cup Classic (gr. I) success the fee unchanged. Shadwell was actually one of the few farms to of the Stonerside Stable-bred Raven’s Pass and the emergence of reduce fees later in the year: both Haafhd’s and Sakhee’s fees were Kentucky-based Street Cry will also help bridge the gap. reduced to £8,000 in December, down from an initially advertised Both Coolmore’s and Darley’s number of stallions have remained fees of £12,000 in October. very similar to 2008 num- Despite the financial bers. However, with the 2009 European Stud Fees uncertainty the book sizes exception of the stallions Stud 2009 Avg. 2008 Avg. 2007 Avg. % Chg % Chg of stallions are hardly likely Fee Fee (No. Sires) Fee (No. Sires) Fee (No. Sires) 08-09 07-09 with a “private” stud fee to decrease for the popular $50,000+ $132,896 (8) $138,155 (8) $117,349 (8) -4% 13% and newcomer Duke of stallions. Sheikh Hamdan’s $25,000-$49,990 $34,667 (20) $41,646 (19) $42,050 (14) -17% -18% Marmalade, all Coolmore $15,000 to $24,990 $24,704 (57) $28,858 (53) $27,911 (48) -14% -11% Shadwell operation has stallion fees have been $10,000 to $14,990 $12,238 (48) $12,930 (47) $12,965 (35) -5% -6% restricted book sizes for its reduced between 20% $7,500 to $9,990 $8,611 (48) $8,856 (43) $8,844 (26) -3% -3% stallions. Other farms have and 40%, with most stal- $5,000 to $7,490 $6,877 (149) $7,116 (138) $7,159 (99) -3% -4% announced book reduc- lions being cut by a third. $1,000 to $4,990 $2,832 (224) $2,939 (220) $3,257 (136) -4% -13% tions but that can be inter- Darley’s stallion roster, All Sires $9,658 (484) $10,367 (465) $11,490 (337) -7% -16% preted as a lack of demand. First Foals of 2010 $9,799 (20) as published on its Web Nonetheless, focusing on First Foals of 2009 $9,474 (49) $11,233 (47) -16% site, has dropped to 29 First Foals of 2008 $7,266 (37) $8,646 (37) $12,397 (17) -16% -41% quality of mares will now be for England, Ireland, and First Foals of 2007 $5,754 (41) $6,950 (40) $6,756 (39) -17% -15% recognized as more impor- France. It relocated stallions * The conversion rates for the numbers above are as follows: 2009 €1= $1.3277 and £1=$1.4672. tant than ever before. Poor but has new entries in New weanling and yearling sales Approach, Ramonti, and Raven’s Pass. Darley raised the fees on will significantly damage a stallion’s commercial appeal, nevermind a two successful first-crop sires (Exceed And Excel and Kheleyf) and lack of racing success. reduced the fees on 19 others. Darley’s stud fees are lower than The Blood-Horse MarketWatch statistics indicate a 7% decline in Coolmore’s, but the fact that new sires New Approach (£30,000) stud fees from 2008 to 2009. But the effect is more significant than a and Raven’s Pass (€40,000) are its most expensive stallions in 7% decline because the gross amount spent will be considerably less England and Ireland, respectively, indicates the lack of a leading on account of a very high number of broodmares likely to be taken out proven sire in its roster. of production. This will particularly affect the stallions in the low fee Although Coolmore and Darley are the dominant players in the range, whose support will dwindle dramatically. One can only speculate European stallion market, their split has benefited other operations about the gross decline in stallion revenue at this time as many breeders standing major sires popular with all buyers. Two “independent” are still undecided where to send mares and how much to spend. The farms with leading stallions are Juddmonte and Cheveley Park. closer the breeding season comes, the more “flexible” stallion farms are The former reduced the fee of Dansili by 13% from £75,000 to likely to become. So while most stallion fees may have been reduced £65,000, whereas Cheveley Park’s Pivotal reduced from £85,000 to by a third from last year, additional reductions and concessions are very £65,000 — a reduction of 24%. Cheveley Park halved the price of likely. What will be interesting to find out in 18 months time is whether Medicean from £30,000 to £15,000 and also trimmed the price of the foal crops are reduced to a level appropriate to the demand. m Pivotal’s successful son Kyllachy by 17% from £12,000 to £10,000. Juddmonte, meanwhile, kept the fees for second-season sire Oasis Michael Youngs is a freelance pedigree consultant living in England.

2 / marketwatch.bloodhorse.com 2008 European Auction Review

(Continued from page 1) the second week of October, was in fact resilient, with a drop of less sive and well-targeted PR campaign leading up to the sale. It all than 5% in average and a gain of 6.3% in median. The relatively might have been in vain, though, had the auction taken place good results, however, were not due to timing or other random after the art and super-prime property markets — other interna- good fortune. It was due instead to the will of Sheikh Mohammed, tional luxury sectors — began crumbling later in the year. As it who visibly supported the British bloodstock industry in its time turned out, Deauville of trouble. The drew three important 2008 Aggregate Yearling Sale Results sheikh’s agent, John buyers who had not Stud Fee 2006 Yrlgs. Yrlgs. 2008 Yrlg. 2007 Yrlg. No. Profitable Ferguson, bought bought at the sea- Category Fee Offered Sold Average Avg. (No. Sold)* (% Offered) ROR 51 horses worth side resort in 2007 — $50,000+ $71,388 419 336 $172,512 $211,245 (310) 176 (42%) 9% 9,342,000 guineas Sheikh Mohammed, $25,000-$49,990 $44,228 573 434 $84,665 $127,414 (355) 160 (28%) -18% in Book 1 — a 39% represented by agent $15,000 to $24,990 $23,030 1,111 795 $52,571 $75,762 (517) 227 (20%) -14% increase on his pre- John Ferguson; Prince $10,000 to $14,990 $13,748 1,030 736 $33,638 $58,251 (608) 180 (17%) -21% vious sale purchase Mitab bin Abdullah $7,500 to $9,990 $9,003 325 211 $21,455 $39,760 (151) 28 (9%) -35% record of 6,745,000 bin Abdul Aziz Al $5,000 to $7,490 $6,635 1,067 708 $20,235 $34,065 (388) 138 (13%) -28% guineas for 23 hips Saud of Saudi Arabia, $1,000 to $4,990 $3,395 313 199 $14,714 $26,205 (105) 22 (7%) -32% in 2006. Sheikh buying as SKAS; and TOTAL $11,205 4,838 3,419 $53,544 $85,158 (2,434) 931 (19%) 43% Mohammed’s broth- Nathan Tinkler of First Foals of 2007 $11,282 825 617 $47,561 180 (22%) 27% er, Sheikh Hamdan, Australia, represent- First Foals of 2006 $8,335 646 431 $29,869 $66,582 (299) 87 (13%) -6% contributed another ed by agent Bertrand First Foals of 2005 $9,877 752 501 $43,325 $72,913 (537) 156 (21%) 25% 4,440,000 guin- le Metayer. Together First Foals of 2004 $10,846 621 424 $42,547 $78,610 (358) 115 (19%) 16% eas, while Rabbah their purchases made *To account for annual changes in currency conversion rates, the 2007 yearling averages were calculated using the 2009 rates found below. Bloodstock, a group up one-fifth of the of the ruling family’s European vs. North American Sales sale gross. friends and associates from Dubai, Nonetheless, the auction did not European Sales* spent 1,763,000 guineas for 32 hors- gain in one notable area — the top. Year No. Sold Gross ($)* Avg. ($) Gross (€) Avg. (€) es. All told, the Dubai contribution to The high price fell from €1,400,000 to 2008 1,915 $194,211,662 $101,416 € 146,276,766 € 76,385 Book 1 was 15,545,000 guineas, more 2007 2,629 $302,964,809 $115,239 € 228,187,700 € 86,796 €770,000 (for a Galileo colt out of the than 30% of the sale’s gross. 2006 2,587 $282,097,493 $109,044 € 212,470,809 € 82,130 Darshaan mare Olimpic Girl, one of 2005 2,498 $222,523,910 $89,081 € 167,601,047 € 67,094 Goffs was negatively affected Tinkler’s two purchases). And there 2004 2,863 $262,037,618 $91,525 € 197,362,068 € 68,935 by the flip side of this coin. The were the same number of horses sold EU: DEA, TATOCT (Part I), GOFORBY, DON, TATIRE (Sept.) Million sale in Ireland is dominat- for €500,000 and up as in 2007. The North American Sales ed by Coolmore sires, which made market was even weaker in the lower Year No. Sold Gross ($)* Avg. ($) Gross (€) Avg. (€) up 40% of the catalog. Darley, in its end, with the number of yearlings 2008 4,032 $392,230,100 $97,279 € 295,466,934 € 73,280 well recorded rivalry with the Irish sold from €30,000 to €124,999 falling 2007 4,295 $462,541,600 $107,693 € 348,432,587 € 81,125 group, is not in the market for these by 20.9%. It was the upper-middle 2006 3,993 $477,474,800 $119,578 € 359,681,767 € 90,078 yearlings. So the sale is also espe- market, from €125,000 to €499,999, 2005 3,858 $409,229,300 $106,073 € 308,272,432 € 79,905 cially dependent on Coolmore as a that really blossomed, with nearly 2004 4,318 $350,384,300 $81,145 € 263,944,493 € 61,127 buyer. Coolmore, however, reduced NA: FTKJUL, FTSAR, KEESEP 50% more hips sold in that range *Based on Jan. 14, 2009, exchange rates. €1= $1.3277 and £1=€1.1192. its spending at the Million, from than in 2007. €8,640,000 in 2007 to €4,390,000 in The auction was followed a week later by the DBS St Leger 2008. With decreased activity from other Irish buyers, who were sale, which just preceded Keeneland and, coincidentally, recorded hard hit by the bursting of their property bubble, something had to changes in gross, average, and median that were very similar to give. The sale suffered major declines in every price tier but the very Keeneland’s. DBS lost 14.4% in gross, compared to 14.8% for lowest — from €30,000 on down. The worst-performing tier was Keeneland; it dropped 11.0% in average, compared to 10.2% for from €500,000 and up, where the number of horses sold dropped Keeneland; and it fell 11.6% in median, just off the 11.9% drop from seven to three. in Keeneland’s median. Because Keeneland took place before the Despite the ills of Ireland’s commercial breeding industry — full effect of the financial markets’ collapse, it seems reasonable to exacerbated by years of overproduction — Coolmore’s Irish-based assume the yearling market was indeed down by these percentages sires continued to dominate the top tier at all the select sales. Galileo at that time. No other major changes to the market were visible at had the top price at Deauville for the second year running while two Doncaster, although its top end — lower than Arqana’s — fell. Montjeu colts shared the high price at Tattersalls October Book 1, Despite an increase in high price from £185,000 to £220,000, the and a colt and a filly by Danehill Dancer brought the two highest number of six-figure horses dropped from 22 to 14. prices of Book 2. Coolmore sires had a lock on the Million sale. The The Goffs Million and Tattersalls October sales were held just top 14 prices were for horses by Danehill Dancer, Galileo, Montjeu, as the economic news was going from bad to worse. Yet while the Oratorio, and Sadler’s Wells. m Million’s figures took a mighty whack, with gross, average, and median all plummeting by 34-40%, Tattersalls held up relatively Rachel Pagones is senior bloodstock correspondent for the Racing Post and well. Tattersalls’ Book 1, which took place over three days during a contributor to the Financial Times.

marketwatch.bloodhorse.com / 3 2009 EUROPEAN STALLIONS Pages 4 to 11 show 2009 stud fees for stallions standing in England, France, Germany, Ireland, and Italy, when such information is available. Poa means price on application. Five tables divide sires by first foal crop year (sires with fees of $2,500 and higher). The table beginning on page 6 includes only stallions with at least two foal crops to race in 2007. All stud fees are converted into U.S. dollars with the following conversion rates: 1 British pound (£) = $1.4672 and 1 Euro (€) = $1.3277. The heading of 2008 foals includes only foals born in England, Ireland, and Germany. The number of French foals is unavailable. Yearling medians and averages were supplied by Racing Post and include major North American sales and 18 auctions in Europe. Weanling medians and averages were also supplied by Racing Post and include Goffs November and Tattersalls December. All racing statistics are from a percentage of lifetime named Northern Hemisphere foals, except dirt winners (Drt Wnrs), which are a percentage of dirt runners. Racing statistics cover the Northern Hemisphere only, except for stakes winners, which are a worldwide statistic. Earnings do NOT include Japan or Hong Kong racing. Abbreviations in the tables include Rnrs (Runners), Wnrs (Winners), 2yo Wnrs (2-year-old winners), 3yo Wnrs (3-year-old winners; 4yo+ Wnrs (4-year-old and up winners), SW (Stakes Winners), GSW (Graded/Group Stakes Winners), GISW (Grade/Group I Stakes Winners), AEI (Average Earnings Index), CI (Comparable Index), AWD (Average Winning Distance in furlongs), Level Won (Highest class of race a stallion has won; G1 (Group I), G2 (Group II), G3 (Group III), and Min. and Max. WD (Mininum and Maximum winning distance in furlongs). Yrlgs. Profit. refers to the number of yearlings sold in 2008 for a profitable price. Yearlings that sell for prices (minus sales commission) greater than two times the 2006 stud fee, plus $15,000, are considered profitable. Wnlgs. Profit. shows the number of 2008 weanlings to sell for a profit. Weanlings that sell for prices greater than two times the 2007 stud fee, plus $7,000, are considered profitable. % Offered shows the percentage of weanlings or yearlings that sold for a profit from the number offered. The percentages of 3yo Wnrs and 4yo+ Wnrs count only named foals that are at least 3-and 4-year olds, respectively. DBW is the best level won by a sire’s dam. N/A means data not available. All racing statistics through Jan. 13, 2009. For more information on European sales and sires see the Racing Post's Bloodstock Review at www.racingpost.com.

Entering Stallions of 2009 (first foals to race in 2012) Sire’s Dam’s Farm /Country 2009 2009 Starts Level Min. Max. Sire Sire Dam Sire Standing Fee ($) Fee 1st-2nd-3rd Earnings Won WD WD DBW Andronikos (GB) Dr Fong Arctic Air (GB) Polar Falcon Bill Madden/IRE Private 33-4-4-2 $215,975 SW 5.02 6.00 Wnr Assertive (GB) Bold Edge (GB) Tart and a Half (GB) Distant Relative (IRE) Throckmorton Court Stud/ENG $5,869 £4,000 35-5-6-5 $434,870 G2 6.00 6.04 Wnr Astronomer Royal Danzig Sheepscot Easy Goer Haras de la Reboursiere/FR $10,622 € 8,000 14-3-1-1 $550,092 G1 6.00 7.95 SW Captain Marvelous (IRE) Invincible Spirit (IRE) Shesasmartlady (IRE) Dolphin Street (FR) Ballyhane Stud/IRE $6,639 € 5,000 22-4-2-2 $264,975 G2 5.07 7.04 Rnr Duke of Marmalade (IRE) Danehill Love Me True Kingmambo Coolmore Stud/IRE $53,108 € 40,000 16-6-4-1 $2,777,768 G1 7.00 12.00 Wnr Falco Pivotal (GB) Icelips Unbridled Haras d'Etreham /FR $15,932 12,000 7-2-2-0 $404,879 G1 7.95 7.95 Wnr Haatef Danzig Sayedat Alhadh Mr. Prospector Derrinstown Stud/IRE $8,630 € 6,500 8-4-0-1 $221,060 G2 6.00 7.00 Wnr Linngari (IRE) Indian Ridge (IRE) Lidakiya (IRE) Kahyasi (IRE) Haras de Bonneval/FR $7,966 € 6,000 29-11-3-3 $2,795,578 G1 6.00 10.00 Wnr Literato (FR) Kendor (FR) La Cibeles (FR) Cardoun (FR) Haras de la Reboursiere/FR $7,966 € 6,000 13-9-2-0 $1,248,198 G1 5.47 10.00 Wnr Mount Nelson (GB) Rock of Gibraltar (IRE) Independence (GB) Selkirk Newsells Park Stud/ENG $14,672 £10,000 9-3-1-2 $896,813 G1 7.00 10.03 G2 Mountain High (IRE) Danehill Hellenic Darshaan (GB) The Beeches Stud/IRE Private 13-4-3-2 $526,155 G1 10.00 12.00 G1 New Approach (IRE) Galileo (IRE) Park Express (IRE) Ahonoora (GB) Darley/ENG $44,016 £30,000 11-8-2-1 $3,885,308 G1 7.00 12.05 G1 Ramonti (FR) Martino Alonso (IRE) Fosca El Gran Senor Darley/IRE $6,639 € 5,000 20-12-5-1 $3,615,071 G1 6.96 9.94 Rnr Raven's Pass Elusive Quality Ascutney Lord At War (ARG) Darley/IRE $53,108 € 40,000 12-6-4-1 $3,658,556 G1 7.00 10.00 G3 Rob Roy Lear Fan Camanoe Gone West Hedgeholme Stud/ENG $2,934 £2,000 18-3-3-3 $566,298 G2 7.00 8.06 Rnr Saddex (GB) Sadler's Wells Remote Romance Irish River (FR) Gestut Westerberg/GER $6,639 € 5,000 15-7-2-2 $866,506 G1 9.44 11.93 Wnr Sakhee's Secret (GB) Sakhee Palace Street Secreto Whitsbury Manor Stud/ENG $9,537 £6,500 11-5-1-1 $569,164 G1 6.00 6.04 SW Sixties Icon (GB) Galileo (IRE) Love Divine (GB) Diesis (GB) Norman Court Stud/ENG $7,966 € 6,000 18-8-1-1 $1,008,569 G1 9.87 13.90 G1 Spirit One (FR) Anabaa Blue (GB) Lavayssiere (FR) Sicyos Haras de Lonray/FR Private 19-5-6-2 $1,107,618 G1 6.96 10.00 Wnr Tamayuz (GB) Nayef Al Ishq (FR) Nureyev Derrinstown Stud/IRE $19,916 € 15,000 7-5-0-0 $995,266 G1 7.95 7.95 Wnr Thousand Words (GB) Dansili (GB) Verbose Storm Bird Rathasker Stud/IRE $6,639 € 5,000 16-4-0-1 $215,144 G3 6.04 8.00 Wnr Vita Rosa (JPN) Sunday Silence Rosa Nay (FR) Lyphard Lanwades Stud/ENG $6,602 £4,500 51-6-3-9 $2,949,986 G2 8.95 12.43 Wnr

Entering Stallions of 2008 (first foals to race in 2011) Sire’s Farm /Country 2009 2009 2008 Starts Level Min. Max. Sire Sire Dam Standing Fee ($) Fee Fee($) 1st-2nd-3rd Earnings Won WD WD DBW Amadeus Wolf (GB) Mozart (IRE) Rachelle (IRE) Irish National Stud/IRE $13,277 € 10,000 $13,277 17-4-2-3 $718,985 G1 6.00 6.00 Wnr Arcadio (GER) Monsun (GER) Assia (IRE) Arctic Tack Stud/IRE $5,311 € 4,000 $5,311 14-5-2-2 $330,612 G2 7.95 10.94 Wnr Authorized (IRE) Montjeu (IRE) Funsie (FR) Darley/IRE $33,193 € 25,000 $36,680 7-4-1-1 $2,545,390 G1 8.00 12.05 Unr Baltic King (GB) Danetime (IRE) Lindfield Belle (IRE) Tally-Ho Stud/IRE $4,647 € 3,500 49-8-8-4 $484,873 SW 5.00 6.00 Wnr Cockney Rebel (IRE) Val Royal (FR) Factice The National Stud/ENG $14,672 £10,000 $14,672 6-3-1-1 $885,544 G1 6.00 8.00 Wnr Common World Spinning World Spenderella (FR) Water Hall Stud/ENG $2,934 £2,000 $2,934 50-8-5-4 $403,253 G3 7.00 10.00 Wnr Dark Angel (IRE) Acclamation (GB) Midnight Angel (GB) Morristown Lattin Stud/IRE $13,277 € 10,000 9-4-1-0 $685,840 G1 5.07 6.04 Unr Darsalam Desert King (IRE) Moonsilk (IRE) Gestut Nordwind/GER Private Unr Democratic Deficit (IRE) Soviet Star Grandiose Idea (IRE) Tenuta della Calandrina/ITY $5,311 € 4,000 $5,311 20-4-1-3 $361,076 G2 6.00 8.00 Wnr Dutch Art (GB) Medicean (GB) Halland Park Lass (IRE) Cheveley Park Stud/ENG $14,672 £10,000 $14,672 10-4-3-1 $889,403 G1 5.00 6.00 Rnr Dylan Thomas (IRE) Danehill Lagrion Coolmore/IRE $46,470 € 35,000 $66,385 20-10-4-1 $6,620,852 G1 7.00 12.00 Rnr Echo of Light (GB) Dubai Millennium (GB) Spirit of Tara (IRE) Darley/ENG $7,336 £5,000 $7,336 16-7-1-1 $459,479 G2 7.95 11.46 Wnr Excellent Art (GB) Pivotal (GB) Obsessive Coolmore/IRE $23,235 € 17,500 $33,193 11-4-3-2 $1,238,952 G1 5.00 8.00 Wnr Heliostatic (IRE) Galileo (IRE) Affianced (IRE) Oak Lodge Stud/IRE $6,639 € 5,000 $8,630 16-3-3-1 $173,229 G3 7.00 10.00 SW Irish Wells (FR) Poliglote (GB) Sign of the Vine Haras de la Tuilerie/FR $4,647 € 3,500 $4,647 15-4-2-4 $601,536 G2 8.95 12.43 Rnr Jeremy Danehill Dancer (IRE) Glint in Her Eye Irish National Stud/IRE $16,596 € 12,500 $16,596 16-4-6-1 $459,260 G2 6.00 8.06 Rnr Johnny Red Kerr Mr. Greeley Dream Team Picchi Paolo e Andrea/ITY $3,983 € 3,000 $3,983 14-2-5-2 $125,120 Wnr 8.50 9.00 G1 Kentucky Dynamite Kingmambo Chelsey Flower Haras du Quesnay/FR $3,983 € 3,000 $3,983 11-3-2-2 $243,796 G3 7.95 9.94 G1 Kingsgate Native (IRE) Mujadil Native Force (IRE) Cheveley Park Stud/ENG $11,004 £7,500 8-2-3-1 $872,713 G1 5.00 6.00 Wnr Lateral (GB) Singspiel (IRE) Ligona (GB) Gestut Fahrhof/GER $3,983 € 3,000 $3,983 10-6-0-3 $341,131 G1 6.96 7.95 SW Lawman (FR) Invincible Spirit (IRE) Laramie Ballylinch Stud/IRE $29,344 £20,000 7-4-1-0 $1,550,210 G1 7.95 10.44 Rnr Manduro (GER) Monsun (GER) Mandellicht (IRE) Darley/ENG $58,688 £40,000 $53,108 18-10-3-4 $1,990,563 G1 6.96 11.93 Wnr Milk It Mick (GB) Millkom (GB) Lunar Music (GB) Lone Oak Stud/ENG $5,135 £3,500 28-6-4-6 $671,577 G1 5.00 8.00 Wnr Moscow Ballet (IRE) Sadler's Wells Fire the Groom Allev. della Berardenga/ITY $6,639 € 5,000 $6,639 11-2-1-1 $149,047 SW 7.50 10.00 G1 Moss Vale (IRE) Shinko Forest (IRE) Wolf Cleugh (IRE) Rathbarry Stud/IRE $5,311 € 4,000 $6,639 42-8-6-7 $663,077 G2 4.97 6.00 Rnr Multiplex (GB) Danehill Shirley Valentine (GB) Mickley Stud/ENG $8,803 £6,000 $5,869 8-4-1-1 $171,780 G3 6.96 7.95 Wnr Notnowcato (GB) Inchinor (GB) Rambling Rose (GB) Stanley House Stud/ENG $11,738 £8,0000 $11,738 20-7-3-4 $1,881,886 G1 8.00 10.50 SW Orientor (GB) Inchinor (GB) Orient (GB) Racecourse Farm Racg/ENG $4,402 £3,000 $4,402 79-5-12-10 $508,473 G3 5.03 7.00 Wnr Primary Giant's Causeway Prospective Knockmullen Stud/IRE n/a 8-4-0-1 $180,354 G3 7.00 10.03 Wnr Rail Link (GB) Dansili (GB) Docklands Banstead Manor Stud/ENG $14,672 £10,000 7-5-1-0 $1,976,387 G1 10.44 11.93 Wnr Sagara Sadler's Wells Rangoon Ruby Godolphin/ENG n/a 15-1-4-4 $599,701 Wnr 10.44 10.44 Wnr Satri (IRE) Mujadil Laramie Haras de la Hetraie/FR $3,319 € 2,500 $3,319 16-3-7-2 $267,554 G3 6.96 7.95 Rnr Scorpion (IRE) Montjeu (IRE) Ardmelody (IRE) Coolmore Stud/IRE Private 15-4-6-0 $1,744,153 G1 10.00 14.60 Unr Sir Percy (GB) Mark of Esteem (IRE) Percy's Lass (GB) Lanwades Stud/ENG $10,270 £7,000 $11,738 10-5-1-0 $2,150,350 G1 6.00 12.05 G3 Soldier Hollow (GB) In the Wings (GB) Island Race (GB) Mehl-Mulhens-Stiftung/GER $8,630 € 6,500 $8,630 31-12-8-2 $1,359,270 G1 7.46 9.94 Wnr Stormy River (FR) Verglas (IRE) Miss Bio (FR) Haras d'Etreham /FR $10,622 € 8,000 $10,622 16-5-4-2 $895,537 G1 6.96 7.95 Unr Strategic Prince (GB) Dansili (GB) Ausherra Coolmore Stud/IRE $7,966 € 6,000 $11,949 8-3-0-1 $210,067 G2 5.00 7.00 SW Tea Garden (IRE) Barathea (IRE) Narwala (IRE) Allev. New Coolmore/ITY $3,983 € 3,000 $3,983 44-6-9-3 $168,649 SW 6.96 7.95 G3 Teofilo (IRE) Galileo (IRE) Speirbhean (IRE) Darley/IRE $33,193 € 25,000 $53,108 5-5-0-0 $645,596 G1 7.00 7.00 SW

4 / marketwatch.bloodhorse.com Entering Stallions of 2008 (first foals to race in 2011) Sire’s Farm /Country 2009 2009 2008 Starts Level Min. Max. Sire Sire Dam Standing Fee ($) Fee Fee($) 1st-2nd-3rd Earnings Won WD WD DBW Three Valleys Diesis (GB) Skiable (IRE) Banstead Manor Stud/ENG $8,803 £6,000 $8,803 16-5-2-3 $665,695 G2 6.00 8.50 Wnr Toylsome (GB) Cadeaux Genereux (GB) Treasure Trove Gestut Erftmuhle/GER $6,639 € 5,000 $6,639 36-16-2-4 $515,540 G1 5.97 7.95 Rnr Turtle Bowl (IRE) Dyhim Diamond (IRE) Clara Bow (FR) Haras de la Reboursiere/FR $6,639 € 5,000 $6,639 21-7-6-3 $732,524 G1 6.96 9.44 Rnr Vital Equine (IRE) Danetime (IRE) Bayalika (IRE) Bearstone Stud/ENG $8,803 £6,000 9-3-1-1 $345,079 G2 6.00 7.00 Unr Walk In The Park (IRE) Montjeu (IRE) Classic Park (GB) Haras du Val Raquet/FR $3,319 € 2,500 $3,319 14-1-4-4 $622,036 Wnr 7.95 7.95 G1 Windsor Knot (IRE) Pivotal (GB) Triple Tie Rossenarra Stud/IRE $5,311 € 4,000 $5,311 11-4-3-2 $185,358 G3 7.00 10.00 Wnr

Entering Stallions of 2007 (first foals to race in 2010) Sire’s Farm /Country 2009 2009 2008 2008 08 Wnlg Med. Starts Level Min. Max. Sire Sire Standing Fee ($) Fee Fee Foals (No. Sold) 1st-2nd-3rd Earnings Won WD WD DBW Ad Valorem Danzig Coolmore Stud/IRE $9,294 € 7,000 $16,596 96 $25,441 (18) 13-4-1-2 $800,332 G1 6.00 8.00 G3 Araafa (IRE) Mull of Kintyre Plantation Stud/ENG $17,606 £12,000 $17,606 67 $21,244 (12) 10-3-2-1 $726,181 G1 7.00 8.00 Unr Archange d'Or (IRE) Danehill Haras de la Reboursiere/FR $5,311 € 4,000 $5,311 10 12-4-0-3 $218,497 G2 9.94 9.94 Unr Aussie Rules Danehill Coolmore/IRE $10,622 € 8,000 $16,596 88 $14,678 (23) 12-4-1-0 $874,570 G1 6.00 8.00 G2 Balmont Stravinsky Tara Stud/IRE $6,639 € 5,000 $6,639 29 $5,870 (4) 18-4-3-3 $472,607 G1 6.00 6.01 Wnr Byron (GB) Green Desert Darley/ENG $5,869 £4,000 $5,311 64 $4,892 (17) 12-3-2-2 $284,985 G2 6.00 7.00 G1 Cacique (IRE) Danehill Banstead Manor Stud/ENG Private $14,672 29 $7,569 (4) 18-7-5-1 $1,462,331 G1 6.96 11.00 SW Desideratum (GB) Darshaan (GB) Beechwood Grange Stud/ENG $2,934 £2,000 $2,934 20 7-4-2-0 $264,642 G3 9.94 11.93 Unr Gentlewave (IRE) Monsun (GER) Haras du Thenney/FR $5,975 € 4,500 $5,975 31 6-4-2-0 $1,004,510 G1 9.94 11.93 Wnr Holy Roman Emperor (IRE) Danehill Coolmore/IRE $33,193 € 25,000 $46,470 102 $78,281 (17) 7-4-2-0 $764,836 G1 6.00 6.96 Unr Hurricane Run (IRE) Montjeu (IRE) Coolmore Stud/IRE $26,554 € 20,000 $39,831 139 $54,796 (8) 14-8-3-2 $4,300,351 G1 8.95 12.00 Wnr Iceman (GB) Polar Falcon Cheveley Park Stud/ENG $7,336 £5,000 $7,336 106 $4,891 (15) 11-2-2-1 $195,239 G2 6.00 6.04 Wnr Iffraaj (GB) Zafonic Darley/IRE $15,932 € 12,000 $15,932 103 $20,548 (24) 13-7-1-1 $695,587 G2 6.00 7.12 Wnr Indesatchel (IRE) Danehill Dancer (IRE) Bearstone Stud/ENG $4,402 £3,000 $4,402 47 $23,056 (4) 17-4-3-2 $411,921 G3 7.00 7.00 Rnr Ivan Denisovich (IRE) Danehill Coolmore Stud/IRE $5,311 € 4,000 $9,294 79 $8,561 (16) 14-3-3-2 $437,675 G2 6.00 8.00 G1 Kodiac (GB) Danehill Tally-Ho Stud/IRE $6,639 € 5,000 73 $6,457 (6) 20-4-2-2 $179,000 Wnr 6.00 7.00 G1 Layman Sunday Silence Haras du Logis/FR $6,639 € 5,000 $6,639 32 9-3-1-1 $240,201 G3 5.97 8.00 Wnr Let The Lion Roar (GB) Sadler's Wells Bridge House Stud/IRE $2,655 € 2,000 $2,655 14 10-2-3-2 $433,496 Wnr 8.00 10.03 Wnr Librettist Danzig Haras du Logis/FR $9,294 € 7,000 $14,672 93 $6,288 (12) 10-7-0-0 $798,975 G1 7.00 8.30 Rnr Lord of England (GER) Dashing Blade (GB) Gestuet Etzean/GER $3,319 € 2,500 $3,983 3 8-4-1-2 $281,575 G1 6.96 9.94 Rnr Majestic Missile (IRE) Royal Applause (GB) Ballyhane Stud/IRE $5,311 € 4,000 $6,639 85 $9,784 (9) 22-6-4-2 $295,128 G3 4.97 5.07 Wnr Norse Dancer (IRE) Halling Wood Farm Stud/ENG $3,668 £2,500 $3,668 21 35-4-3-3 $1,274,149 G3 6.96 9.00 Wnr Phoenix Reach (IRE) Alhaarth (IRE) The National Stud/ENG $5,135 £3,500 $5,135 31 $23,755 (2) 16-5-2-1 $3,695,444 G1 11.93 12.02 Unr Prince Arch Arch Bridge House Stud/IRE $3,983 € 3,000 $3,983 11 15-6-4-1 $609,186 G1 8.00 11.00 Wnr Proclamation (IRE) King's Best Overbury Stud/ENG $5,869 £4,000 $5,869 82 $7,126 (8) 8-4-0-1 $481,719 G1 7.00 8.00 Unr Resplendent Glory (IRE) Namid (GB) Benson Stud/ENG $2,934 £2,000 $2,934 9 9-6-0-1 $173,046 G3 5.03 6.00 Wnr Shirocco (GER) Monsun (GER) Darley/ENG $14,672 £10,000 $14,672 81 $48,907 (10) 13-7-1-3 $2,477,588 G1 10.94 12.05 Wnr Silent Times (IRE) Danehill Dancer (IRE) Loughtown Stud/IRE $3,668 £2,500 $3,668 13 7-2-2-1 $107,829 G2 7.00 7.00 Wnr Sleeping Indian (GB) Indian Ridge (IRE) Tweenhills Farm & Stud/ENG $7,336 £5,000 $7,336 93 $16,157 (27) 12-6-2-0 $454,295 G2 7.00 8.30 Wnr Striking Ambition (GB) Makbul (IRE) Longdon Stud/ENG $3,668 £2,500 $4,402 27 $2,304 (8) 22-9-2-2 $421,950 G2 5.00 6.07 Wnr

Entering Stallions of 2006 (first foals to race in 2009) 08 Wnlg Sire’s Country 2009 2009 2008 2008 2007 08 Yrlg Med. Med. Starts Level Min. Max. Sire Sire Standing Fee ($) Fee Fee ($) Foals Foals (No. Sold) (No. Sold) 1st-2nd-3rd Earnings Won WD WD DBW Arakan Nureyev IRE $3,983 € 3,000 $5,975 38 103 $7,828 (28) $6,359 (1) 24-6-7-4 $422,558 G3 6.00 8.10 Unr Avonbridge (GB) Averti (IRE) ENG $6,602 £4,500 $6,602 64 106 $17,190 (50) $5,939 (8) 22-7-4-4 $579,906 G1 4.97 6.00 Wnr Azamour (IRE) Night Shift IRE $19,916 € 15,000 $33,193 48 100 $31,311 (31) $27,947 (1) 12-6-1-3 $2,665,162 G1 7.00 12.02 SW Blackdoun (FR) Verglas (IRE) FR $3,319 € 2,500 $3,319 22 39 $18,592 (4) 16-6-4-2 $477,765 G2 7.46 9.00 Wnr Camacho (GB) Danehill IRE $5,311 € 4,000 $5,311 38 43 $18,098 (22) $6,359 (4) 6-2-1-1 $66,767 SW 6.00 6.00 SW Chineur (FR) Fasliyev IRE $7,302 € 5,500 74 85 $9,315 (43) 20-7-3-3 $453,048 G2 4.97 5.97 SW Colossus (IRE) Danehill ITY $7,966 € 6,000 $7,966 2 8 8-3-1-0 $132,583 SW 5.00 6.00 Rnr Corri Piano (FR) Garde Royale (IRE) FR n/a 6 17 1-0-0-0 $0 Wnr 17.40 17.40 Wnr Doyen (IRE) Sadler's Wells ENG $10,270 £7,000 $10,270 73 92 $26,204 (24) $1,747 (6) 14-5-2-0 $1,291,257 G1 11.93 12.00 G3 Dubawi (IRE) Dubai Millennium (GB) ENG $22,008 £15,000 $58,688 109 116 $55,893 (57) $19,563 (13) 8-5-1-1 $1,256,932 G1 6.00 8.00 G1 Epalo (GER) Lando (GER) FR $3,983 € 3,000 $3,983 23 35 26-9-8-3 $1,564,341 G1 9.44 13.92 G3 Firebreak (GB) Charnwood Forest (IRE) ENG $5,135 £3,500 $5,135 19 36 $12,035 (16) $1,272 (1) 22-9-5-0 $2,710,749 G1 5.00 7.95 Wnr Gamut (IRE) Spectrum (IRE) IRE $3,319 € 2,500 $3,319 95 89 20-6-5-3 $766,997 G1 11.02 13.28 SW Gold Well (GB) Sadler's Wells IRE $2,655 € 2,000 $2,655 83 106 G3 Governor Brown Kingmambo IRE $4,647 € 3,500 $4,647 6 40 $9,315 (5) 12-3-2-4 $157,299 G3 6.97 9.50 Wnr I Was Framed Racey Remarque IRE $3,319 € 2,500 $3,319 2 7 Wnr Iktibas (GB) Sadler's Wells ENG $2,201 £1,500 $2,201 14 9 2-1-0-0 $8,901 Wnr 8.00 8.00 G3 Konigstiger (GER) Tiger Hill (IRE) GER $5,311 € 4,000 $5,311 2 46 $10,764 (9) 6-4-1-0 $373,737 G1 7.46 10.94 Wnr Leporello (IRE) Danehill FR $3,319 € 2,500 $3,319 5 15 $978 (1) 12-6-1-2 $237,451 G3 7.00 10.55 Unr Lugny (FR) Ski Chief FR Private 1 5 35-5-1-3 $187,025 SW 7.95 7.95 Unr Mamool (IRE) In the Wings (GB) GER $6,639 € 5,000 $4,979 1 42 $2,934 (7) 20-8-3-2 $1,168,509 G1 8.00 16.20 G3 Martillo (GER) Anabaa GER $5,311 € 4,000 $5,311 15 21 $10,764 (3) 21-8-2-2 $805,280 G2 6.96 7.95 Rnr Meshaheer Nureyev FR $5,311 € 4,000 $3,319 15 17 $15,167 (6) 20-5-2-6 $203,974 G3 6.00 7.00 G1 Motivator (GB) Montjeu (IRE) ENG $22,008 £15,000 $22,008 93 62 $55,893 (25) $11,005 (10) 7-4-2-0 $2,152,000 G1 8.00 12.05 SW Mr Dinos (IRE) Desert King (IRE) IRE $2,655 € 2,000 22 28 $978 (1) $1,677 (1) 17-6-4-1 $623,624 G1 12.00 20.00 Wnr Oratorio (IRE) Danehill IRE $23,235 € 17,500 $33,193 146 106 $54,855 (54) $30,333 (31) 15-6-3-1 $1,913,814 G1 6.00 10.03 Wnr Osorio (GER) Surumu (GER) ENG $2,568 £1,750 $2,568 7 16 $16,104 (2) $8,663 (9) 7-3-1-0 $589,563 G1 9.94 11.93 SW Pastoral Pursuits (GB) Bahamian Bounty (GB) ENG $6,602 £4,500 $6,602 51 67 $12,858 (30) $9,861 (9) 10-6-2-0 $463,817 G1 6.00 7.00 Wnr Prince Kirk (FR) Selkirk FR $3,319 € 2,500 $3,319 18 36 19-7-5-3 $522,612 G1 7.46 9.94 Rnr Rakti (GB) Polish Precedent IRE $10,622 € 8,000 $10,622 33 52 $15,024 (26) $13,554 (2) 26-11-4-1 $2,915,923 G1 8.00 11.93 Rnr Russian Valour (IRE) Fasliyev ITY $3,983 € 3,000 0 1 9-3-1-1 $105,048 G3 5.00 5.03 SW Sabiango (GER) Acatenango (GER) GER $5,311 € 4,000 $5,311 9 31 $10,764 (5) 19-7-1-2 $828,333 G1 7.95 12.00 Wnr Spirit of Desert (IRE) Desert Prince (IRE) ITY $4,647 € 3,500 $4,647 0 3 9-6-2-0 $390,078 G2 6.96 7.95 Rnr St Paul House (GB) Machiavellian ITY $7,966 € 6,000 $7,966 0 3 25-10-5-1 $365,654 G3 4.97 5.97 G2 Stardan (IRE) Danehill IRE $2,655 € 2,000 $3,319 30 28 18-2-2-2 $73,620 SW 9.69 9.94 Wnr Trade Fair (GB) Zafonic ENG $5,869 £4,000 $5,869 32 81 $9,295 (31) $2,473 (6) 15-5-0-3 $263,877 G3 7.00 7.00 G3 Vespone (IRE) Llandaff FR $3,319 € 2,500 $3,319 19 22 $15,656 (9) 14-4-6-0 $733,595 G1 7.95 9.94 Wnr Vinnie Roe (IRE) Definite Article (GB) IRE Private $5,311 115 172 26-13-3-5 $2,039,398 G1 7.00 15.41 Unr Westerner (GB) Danehill IRE Private $8,803 178 158 $34,247 (3) 28-11-9-2 $1,885,154 G1 7.95 20.00 G1

marketwatch.bloodhorse.com / 5 2009 Stud Fees (Sires with a minimum two foal crops to race) Sire’s Farm/Country First 2009 2009 2008 2008 2007 Yrlg. Median Yrlgs. Profit. Wnlg. Med. Wnlgs. Profit. Sire Sire Standing Crop Year Fee ($) Fee Fee ($) Foals Foals (No. Sold) (% Offered) (No. Sold) (% Offered) $50,000+ Dalakhani (IRE) Darshaan (GB) Gilltown Stud/IRE 2004 $66,385 €50,000 $53,108 88 58 $56,324 (14) 4 (18%) $160,693 (9) 6 (50%) Danehill Dancer (IRE) Danehill Coolmore Stud/IRE 1999 Private Private $152,686 110 152 $112,530 (81) 23 (24%) $94,689 (6) 5 (71%) Dansili (GB) Danehill Banstead Manor/ENG 2002 $95,368 £65,000 $110,040 132 80 $139,900 (22) 20 (59%) $61,483 (2) 1 (33%) Galileo (IRE) Sadler's Wells Coolmore Stud/IRE 2003 private private 155 154 $167,680 (71) 51 (61%) $258,507 (10) 2 (18%) Invincible Spirit (IRE) Green Desert Irish National Stud/IRE 2004 $99,578 €75,000 $99,578 149 110 $50,882 (65) 44 (54%) $69,474 (18) 6 (23%) Monsun (GER) Konigsstuhl (GER) G. Schlenderhan/GER 1997 private private $199,155 43 54 $146,779 (11) 6 (43%) $614,827 (1) 1 (100%) Montjeu (IRE) Sadler's Wells Coolmore Stud/IRE 2002 private private $165,963 77 109 $213,093 (40) 11 (23%) $115,652 (2) Pivotal (GB) Polar Falcon Cheveley Park/ENG 1998 $124,712 £85,000 $124,712 110 124 $188,640 (32) 16 (41%) $47,509 (4) $25,000-$49,990 Acclamation (GB) Royal Applause (GB) Rathbarry Stud/IRE 2005 $33,193 €25,000 91 57 $74,524 (31) 23 (53%) $25,441 (18) Anabaa Danzig H. du Quesnay/FR 1998 $39,831 €30,000 $35,848 30 39 $19,570 (18) 5 (22%) Cape Cross (IRE) Green Desert Darley/IRE 2001 $46,470 €35,000 $66,385 124 116 $92,959 (41) 14 (25%) $34,933 (5) Green Desert Danzig Nunnery Stud/ENG 1988 $36,680 £25,000 $58,688 55 35 $44,033 (10) $72,661 (9) 2 (22%) Marju (IRE) Last Tycoon (IRE) Derrinstown Stud/IRE 1993 $26,554 €20,000 $26,554 54 50 $51,900 (26) 10 (33%) $43,317 (13) 2 (14%) Medicean (GB) Machiavellian Cheveley Park/ENG 2003 $44,016 £30,000 $44,016 101 94 $37,574 (38) 17 (37%) $22,357 (13) 3 (18%) Oasis Dream (GB) Green Desert Banstead Manor/ENG 2005 $44,016 £30,000 $44,016 125 115 $78,281 (43) 21 (34%) $67,072 (21) 9 (38%) Peintre Celebre Nureyev Coolmore Stud/IRE 2000 $26,554 €20,000 $33,193 52 61 $37,183 (15) 2 (9%) $4,892 (3) Refuse To Bend (IRE) Sadler's Wells Darley/IRE 2006 $26,554 €20,000 $26,554 102 96 $34,736 (40) 13 (21%) $19,570 (17) Rock of Gibraltar (IRE) Danehill Coolmore Stud/IRE 2004 $36,512 €27,500 $46,470 6 166 $48,926 (68) 11 (12%) Selkirk Sharpen Up (GB) Lanwades Stud/ENG 1994 $36,680 £25,000 $51,352 67 58 $69,867 (15) 2 (10%) $54,496 (2) Tiger Hill (IRE) Danehill Darley/IRE 2001 $26,554 €20,000 $29,344 119 119 $32,843 (38) 10 (21%) $11,742 (11) 1 (7%) $15,000 to $24,990 Alhaarth (IRE) Unfuwain Derrinstown Stud/IRE 1999 $16,596 €12,500 $16,596 48 60 $39,141 (23) 3 (10%) $16,634 (6) 1 (8%) Barathea (IRE) Sadler's Wells Rathbarry Stud/IRE 1996 $19,916 €15,000 $33,193 73 90 $15,371 (39) 3 (5%) $12,925 (10) Cadeaux Genereux (GB) Young Generation (IRE) Whitsbury Manor/ENG 1991 $22,008 £15,000 $22,008 52 27 $57,238 (23) 2 (13%) $44,715 (9) 4 (29%) Clodovil (IRE) Danehill Rathasker Stud/IRE 2005 $15,932 €12,000 $15,932 62 32 $14,678 (17) 8 (35%) Desert Style (IRE) Green Desert Morristown Lattin/IRE 1997 $15,932 €12,000 $15,932 54 51 $18,587 (14) 2 (8%) $6,848 (7) Dubai Destination Kingmambo Darley/ENG 2005 $22,008 £15,000 $22,008 108 122 $27,398 (49) 10 (13%) $6,078 (14) Green Tune Green Dancer FR 1997 $19,916 €15,000 $19,916 51 72 $26,419 (23) 8 (26%) $12,087 (2) 1 (50%) Haafhd (GB) Alhaarth (IRE) Nunnery Stud/ENG 2006 $17,606 £12,000 $17,606 86 37 $25,152 (13) 1 (5%) $8,733 (10) Halling Diesis (GB) Darley/ENG 1998 $17,606 £12,000 $17,606 75 51 $23,551 (20) 5 (19%) $6,987 (5) 1 (14%) Hawk Wing Woodman Coolmore Stud/IRE 2005 n/a n/a $19,916 117 113 $17,613 (39) 3 (4%) $2,152 (11) Hernando (FR) Niniski Lanwades Stud/ENG 1997 $17,606 £12,000 $17,606 35 38 $26,419 (11) 2 (13%) $4,681 (2) King's Best Kingmambo Darley/IRE 2002 $19,916 €15,000 $19,916 86 110 $30,333 (37) 5 (12%) $5,626 (12) Kingsalsa Kingmambo FR 2003 $15,932 €12,000 $15,932 33 81 $5,870 (9) 1 (7%) $4,402 (2) Kyllachy (GB) Pivotal (GB) Cheveley Park/ENG 2004 $17,606 £12,000 $17,606 83 98 $24,463 (61) 26 (36%) $10,061 (15) 3 (12%) Lomitas (GB) Niniski G. Fahrhof/GER 1996 $15,932 €12,000 $17,606 9 34 $15,656 (15) 6 (30%) Marchand de Sable Theatrical (IRE) FR 1997 $19,916 €15,000 $7,966 34 41 $31,311 (9) 6 (40%) Nayef Gulch Nunnery Stud/ENG 2005 $22,008 £15,000 $14,672 45 39 $97,813 (18) 15 (75%) $128,555 (3) Sakhee Bahri Nunnery Stud/ENG 2004 $17,606 £12,000 $14,672 43 53 $29,277 (13) 4 (20%) $12,439 (2) Singspiel (IRE) In the Wings (GB) Darley/ENG 1999 $22,008 £15,000 $22,008 92 100 $53,099 (25) 8 (22%) $25,152 (9) 1 (9%) Tamayaz Gone West Derrinstown/IRE 1999 $19,916 €15,000 23 44 Verglas (IRE) Highest Honor (FR) Irish National Stud/IRE 2001 $19,916 €15,000 $19,916 124 115 $23,484 (70) 27 (31%) $15,656 (21) Zamindar Gone West Banstead Manor/ENG 1999 $22,008 £15,000 $22,008 33 36 $15,656 (12) 3 (14%) $10,000 to $14,990 Bahamian Bounty (GB) Cadeaux Genereux (GB) The National Stud/ENG 1999 $13,205 £9,000 $13,205 65 98 $28,612 (52) 23 (32%) $3,354 (14) Beat Hollow (GB) Sadler's Wells Banstead Manor/ENG 2004 $11,738 £8,000 $11,738 115 49 $12,576 (5) Bering (GB) Arctic Tern H. du Quesnay/FR 1988 private private 7 13 $39,141 (3) 3 (100%) $3,493 (1) Bertolini Danzig Darley/IRE 2003 $13,277 €10,000 $13,277 114 113 $18,102 (56) 8 (10%) $6,987 (11) Big Shuffle Super Concorde G. Auenquelle/GER 1991 $13,277 €10,000 $11,949 4 46 $15,656 (13) 2 (8%) Celtic Swing (GB) Damister Irish National Stud/IRE 1998 $10,622 €8,000 $10,622 44 63 $12,837 (28) 2 (6%) $2,096 (3) Chichicastenango (FR) Smadoun (FR) FR 2004 $10,622 €8,000 $4,647 51 17 $47,458 (2) 2 (67%) Choisir (AUS) Danehill Dancer (IRE) Coolmore Stud/IRE 2005 $10,622 €8,000 $16,596 106 88 $9,784 (34) 6 (12%) $10,726 (10) 1 (4%) Compton Place (GB) Indian Ridge (IRE) Whitsbury Manor/ENG 2000 $11,004 £7,500 $11,004 80 74 $19,902 (44) 13 (25%) $18,165 (8) 2 (12%) Definite Article (GB) Indian Ridge (IRE) Morristown Lattin/IRE 1998 $10,622 €8,000 $10,622 157 108 Dr Devious (IRE) Ahonoora (GB) ITY 1994 $11,949 €9,000 $11,949 2 21 $7,828 (5) Dr Fong Kris S. Highclere Stud/ENG 2001 $13,205 £9,000 $13,205 52 67 $19,570 (26) 7 (16%) $2,515 (5) Elusive City Elusive Quality Irish National Stud/IRE 2005 $10,622 €8,000 $10,622 102 66 $28,377 (32) 17 (44%) $14,672 (16) Exceed And Excel (AUS) Danehill Darley/ENG 2005 $14,672 £10,000 $14,672 93 108 $30,607 (61) 30 (39%) $19,563 (21) High Chaparral (IRE) Sadler's Wells Coolmore Stud/IRE 2005 $13,277 €10,000 $19,916 134 100 $24,463 (29) 4 (10%) $12,720 (18) Hold That Tiger Storm Cat H. de la Haie Neuve/FR 2005 $10,622 €8,000 101 67 $27,398 (1) 1 (50%) $4,891 (15) Key of Luck Chief's Crown Tara Stud/IRE 1999 $11,949 €9,000 $11,949 27 48 $16,634 (17) 2 (8%) $13,209 (2) King's Theatre (IRE) Sadler's Wells Ballylinch Stud/IRE 1998 $11,949 €9,000 $11,949 119 97 Lando (GER) Acatenango (GER) FR 1997 $13,277 €10,000 $13,277 41 69 $33,269 (17) 10 (42%) $12,720 (1) Muhtathir (GB) Elmaamul Le H. du Mezeray/FR 2002 $13,277 €10,000 $13,277 55 75 $42,077 (24) 15 (47%) Mujadil Storm Bird Rathasker Stud/IRE 1994 $13,277 €10,000 $13,277 42 4 $27,398 (3) $5,381 (7) Noverre Rahy Darley/IRE 2004 $13,277 €10,000 $13,277 95 84 $22,357 (39) 5 (9%) $7,339 (12) Observatory Distant View Banstead Manor/ENG 2003 $14,672 £10,000 $14,672 14 68 $6,987 (7) 2 (8%) One Cool Cat Storm Cat Coolmore Stud/IRE 2006 $11,949 €9,000 $16,596 82 140 $18,867 (54) 4 (5%) $4,891 (5) Oscar (IRE) Sadler's Wells Coolmore Stud/IRE 1999 tba tba $10,622 273 268 Poliglote (GB) Sadler's Wells FR 1999 $10,622 €8,000 $10,622 39 46 $31,311 (9) 7 (70%) $15,371 (1) Presenting (GB) Mtoto (GB) Rathbarry Stud/IRE 1998 tba tba 198 196 Royal Applause (GB) Waajib (IRE) The Royal Studs/ENG 1999 $13,205 £9,000 $13,205 95 82 $39,923 (39) 10 (18%) $17,816 (14) 4 (19%) Samum (GER) Monsun (GER) G. Karlshof/GER 2004 $13,277 €10,000 $13,277 2 26 $14,678 (13) 3 (13%) Sinndar (IRE) Grand Lodge FR 2002 $13,277 €10,000 $26,554 52 58 $41,586 (18) 6 (26%) $11,039 (22) Slickly (FR) Linamix (FR) H. du Logis/FR 2004 $10,622 €8,000 $10,622 25 56 $16,634 (12) 5 (19%) Soviet Star Nureyev Ballylinch Stud/IRE 1990 $10,622 €8,000 $13,277 38 31 $12,998 (8) 6 / marketwatch.bloodhorse.com 2009 Stud Fees Lifetime Rnrs Wnrs 2yo Wnrs 3yo Wnrs 4yo+ Wnrs SW GSW GISW Dirt Wnrs Avg. Earnings Sire Named Foals (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Dirt Rnrs) AEI CI /Runner AWD $50,000+ Dalakhani (IRE) 136 83 (61%) 44 (32%) 17 (13%) 33 (24%) 0 (0%) 8 (6%) 6 (4.4%) 2 (1.5%) 6 (17%) 2.95 2.93 $59,920 10.15 Danehill Dancer (IRE) 826 671 (81%) 411 (50%) 198 (24%) 242 (29%) 149 (18%) 57 (7%) 33 (4%) 7 (0.8%) 103 (30%) 1.62 1.46 $42,946 6.67 Dansili (GB) 427 321 (75%) 214 (50%) 93 (22%) 136 (32%) 92 (22%) 29 (7%) 15 (3.5%) 4 (0.9%) 88 (46%) 1.78 1.58 $54,327 8.12 Galileo (IRE) 430 311 (72%) 192 (45%) 58 (13%) 131 (30%) 42 (10%) 32 (7%) 22 (5.1%) 9 (2.1%) 33 (28%) 2.82 2.21 $83,083 10.09 Invincible Spirit (IRE) 272 234 (86%) 131 (48%) 83 (31%) 70 (26%) 23 (8%) 17 (6%) 7 (2.6%) 1 (0.4%) 46 (35%) 1.69 1.14 $41,205 6.61 Monsun (GER) 432 344 (80%) 268 (62%) 58 (13%) 192 (44%) 137 (32%) 66 (15%) 37 (8.6%) 12 (2.8%) 25 (27%) 2.77 1.46 $70,029 9.66 Montjeu (IRE) 543 419 (77%) 231 (43%) 75 (14%) 144 (27%) 69 (13%) 48 (9%) 25 (4.6%) 14 (2.6%) 45 (29%) 2.80 2.19 $74,813 10.16 Pivotal (GB) 665 475 (71%) 333 (50%) 115 (17%) 223 (34%) 139 (21%) 67 (10%) 37 (5.6%) 12 (1.8%) 111 (40%) 2.24 1.63 $68,339 6.62 $25,000-$49,990 Acclamation (GB) 151 124 (82%) 59 (39%) 43 (28%) 29 (19%) 1 (1%) 5 (3%) 2 (1.3%) 2 (1.3%) 13 (17%) 1.75 1.04 $31,917 5.79 Anabaa 596 501 (84%) 303 (51%) 107 (18%) 177 (30%) 110 (18%) 42 (7%) 19 (3.2%) 5 (0.8%) 57 (27%) 1.74 2.28 $48,851 8.22 Cape Cross (IRE) 590 489 (83%) 292 (49%) 110 (19%) 185 (31%) 95 (16%) 37 (6%) 20 (3.4%) 3 (0.5%) 100 (35%) 1.61 1.71 $47,477 7.64 Green Desert 1030 875 (85%) 612 (59%) 229 (22%) 392 (38%) 273 (27%) 87 (8%) 42 (4.1%) 13 (1.3%) 176 (43%) 1.68 2.18 $62,537 6.67 Marju (IRE) 718 590 (82%) 395 (55%) 160 (22%) 254 (35%) 192 (27%) 41 (6%) 27 (3.8%) 7 (1%) 118 (37%) 1.37 1.52 $74,121 7.49 Medicean (GB) 266 206 (77%) 112 (42%) 36 (14%) 72 (27%) 41 (15%) 10 (4%) 8 (3%) 4 (1.5%) 41 (28%) 1.44 1.45 $37,535 7.83 Oasis Dream (GB) 211 154 (73%) 89 (42%) 60 (28%) 39 (18%) 1 (0%) 9 (4%) 7 (3.3%) 1 (0.5%) 26 (29%) 1.38 2.27 $26,107 6.86 Peintre Celebre 501 393 (78%) 208 (42%) 46 (9%) 154 (31%) 75 (15%) 29 (6%) 17 (3.4%) 8 (1.6%) 43 (25%) 1.65 2.05 $65,703 9.15 Refuse To Bend (IRE) 80 56 (70%) 16 (20%) 16 (20%) 0 (0%) 0 (0%) 1 (1%) 0 (0%) 0 (0%) 2 (10%) 0.85 1.43 $10,765 6.77 Rock of Gibraltar (IRE) 341 255 (75%) 133 (39%) 49 (14%) 98 (29%) 28 (8%) 20 (6%) 11 (3.2%) 2 (0.6%) 28 (25%) 1.92 2.75 $52,821 7.92 Selkirk 779 576 (74%) 355 (46%) 114 (15%) 243 (31%) 164 (21%) 71 (9%) 35 (4.5%) 11 (1.4%) 70 (28%) 1.79 1.72 $62,524 7.78 Tiger Hill (IRE) 302 201 (67%) 114 (38%) 30 (10%) 78 (26%) 49 (16%) 24 (8%) 11 (3.6%) 2 (0.7%) 10 (16%) 1.33 1.67 $27,974 9.23 $15,000 to $24,990 Alhaarth (IRE) 565 446 (79%) 222 (39%) 68 (12%) 146 (26%) 84 (15%) 16 (3%) 8 (1.4%) 2 (0.4%) 62 (26%) 1.07 1.52 $33,465 8.00 Barathea (IRE) 864 730 (84%) 425 (49%) 159 (18%) 264 (31%) 194 (22%) 66 (8%) 31 (3.6%) 5 (0.6%) 101 (28%) 1.34 1.84 $40,290 7.83 Cadeaux Genereux (GB) 846 673 (80%) 441 (52%) 147 (17%) 299 (35%) 214 (25%) 60 (7%) 28 (3.3%) 8 (0.9%) 131 (35%) 1.49 1.54 $53,217 6.93 Clodovil (IRE) 85 65 (76%) 28 (33%) 20 (24%) 16 (19%) 0 (0%) 2 (2%) 2 (2.4%) 1 (1.2%) 13 (33%) 1.20 1.04 $20,460 6.85 Desert Style (IRE) 518 398 (77%) 199 (38%) 87 (17%) 121 (23%) 96 (19%) 16 (3%) 10 (1.9%) 5 (1%) 67 (29%) 1.07 1.08 $32,825 6.47 Dubai Destination 197 142 (72%) 69 (35%) 36 (18%) 42 (21%) 0 (0%) 3 (2%) 2 (1%) 1 (0.5%) 26 (31%) 0.85 1.62 $17,029 8.48 Green Tune 422 301 (71%) 166 (39%) 60 (14%) 120 (28%) 77 (18%) 21 (5%) 11 (2.6%) 1 (0.2%) 18 (20%) 1.28 1.34 $35,805 9.18 Haafhd (GB) 55 35 (64%) 14 (25%) 14 (25%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 11 (52%) 0.56 1.49 $6,349 7.01 Halling 413 329 (80%) 207 (50%) 66 (16%) 159 (38%) 96 (23%) 36 (9%) 17 (4.1%) 0 (0%) 53 (30%) 1.91 1.83 $57,750 8.99 Hawk Wing 252 180 (71%) 70 (28%) 42 (17%) 39 (15%) 0 (0%) 3 (1%) 2 (0.8%) 0 (0%) 13 (15%) 1.09 1.45 $22,371 8.11 Hernando (FR) 483 361 (75%) 244 (51%) 58 (12%) 187 (39%) 114 (24%) 40 (8%) 17 (3.5%) 3 (0.6%) 52 (30%) 1.85 1.64 $56,243 9.22 King's Best 522 417 (80%) 213 (41%) 83 (16%) 141 (27%) 59 (11%) 23 (4%) 14 (2.7%) 3 (0.6%) 64 (28%) 1.09 2.1 $32,624 8.17 Kingsalsa 229 142 (62%) 58 (25%) 15 (7%) 38 (17%) 22 (10%) 4 (2%) 0 (0%) 0 (0%) 9 (12%) 0.80 1.19 $22,419 8.83 Kyllachy (GB) 288 226 (78%) 109 (38%) 62 (22%) 60 (21%) 17 (6%) 8 (3%) 2 (0.7%) 0 (0%) 36 (26%) 1.07 1.22 $21,761 5.67 Lomitas (GB) 526 399 (76%) 296 (56%) 77 (15%) 204 (39%) 126 (24%) 40 (8%) 15 (2.9%) 3 (0.6%) 38 (25%) 1.46 1.03 $40,218 9.34 Marchand de Sable 331 257 (78%) 128 (39%) 48 (15%) 84 (25%) 60 (18%) 8 (2%) 4 (1.2%) 2 (0.6%) 22 (21%) 1.28 0.97 $38,302 9.32 Nayef 145 94 (65%) 42 (29%) 18 (12%) 28 (19%) 2 (1%) 4 (3%) 3 (2.1%) 2 (1.4%) 10 (27%) 1.67 1.57 $31,707 9.43 Sakhee 148 88 (59%) 46 (31%) 10 (7%) 34 (23%) 13 (9%) 5 (3%) 1 (0.7%) 1 (0.7%) 10 (23%) 1.93 1.50 $38,132 8.76 Singspiel (IRE) 628 467 (74%) 304 (48%) 82 (13%) 221 (35%) 127 (20%) 54 (9%) 25 (4%) 8 (1.3%) 109 (41%) 2.06 1.97 $88,404 9.02 Tamayaz 191 134 (70%) 82 (43%) 15 (8%) 52 (27%) 52 (27%) 1 (1%) 0 (0%) 0 (0%) 79 (62%) 0.64 1.22 $28,324 6.87 Verglas (IRE) 397 311 (78%) 146 (37%) 74 (19%) 80 (20%) 42 (11%) 9 (2%) 4 (1%) 1 (0.3%) 26 (18%) 1.28 1.21 $32,450 8.15 Zamindar 328 240 (73%) 126 (38%) 40 (12%) 89 (27%) 45 (14%) 15 (5%) 7 (2.1%) 4 (1.2%) 58 (39%) 1.77 1.46 $60,533 7.03 $10,000 to $14,990 Bahamian Bounty (GB) 323 275 (85%) 154 (48%) 78 (24%) 94 (29%) 40 (12%) 11 (3%) 4 (1.2%) 2 (0.6%) 48 (27%) 1.06 0.90 $26,255 6.46 Beat Hollow (GB) 122 86 (70%) 42 (34%) 25 (20%) 20 (16%) 9 (7%) 5 (4%) 2 (1.6%) 1 (0.8%) 14 (37%) 1.05 1.47 $20,273 8.21 Bering (GB) 824 675 (82%) 423 (51%) 124 (15%) 298 (36%) 200 (24%) 66 (8%) 26 (3.2%) 6 (0.7%) 66 (26%) 1.40 1.8 $45,502 9.10 Bertolini 405 328 (81%) 156 (39%) 91 (22%) 85 (21%) 43 (11%) 6 (1%) 3 (0.7%) 1 (0.2%) 75 (33%) 0.79 1.09 $16,628 6.02 Big Shuffle 726 588 (81%) 448 (62%) 144 (20%) 285 (39%) 247 (34%) 62 (9%) 28 (3.9%) 1 (0.1%) 85 (34%) 1.57 0.94 $37,211 7.19 Celtic Swing (GB) 347 266 (77%) 150 (43%) 56 (16%) 101 (29%) 63 (18%) 14 (4%) 6 (1.7%) 2 (0.6%) 36 (26%) 1.70 1.25 $35,922 7.99 Chichicastenango (FR) 96 66 (69%) 24 (25%) 9 (9%) 18 (19%) 3 (3%) 3 (3%) 3 (3.1%) 1 (1%) 5 (19%) 2.03 1.00 $47,130 9.68 Choisir (AUS) 176 140 (80%) 67 (38%) 43 (24%) 36 (20%) 1 (1%) 6 (3%) 1 (0.6%) 0 (0%) 18 (23%) 1.45 1.47 $20,496 6.49 Compton Place (GB) 368 312 (85%) 175 (48%) 85 (23%) 100 (27%) 79 (21%) 15 (4%) 9 (2.4%) 1 (0.3%) 64 (30%) 1.20 0.97 $38,257 5.82 Definite Article (GB) 398 203 (51%) 121 (30%) 33 (8%) 85 (21%) 68 (17%) 11 (3%) 6 (1.5%) 1 (0.3%) 32 (34%) 1.29 0.97 $40,431 8.09 Dr Devious (IRE) 804 641 (80%) 311 (39%) 102 (13%) 233 (29%) 125 (16%) 20 (2%) 14 (1.7%) 3 (0.4%) 70 (19%) 1.08 1.18 $60,598 8.25 Dr Fong 502 416 (83%) 223 (44%) 86 (17%) 147 (29%) 78 (16%) 21 (4%) 3 (0.6%) 2 (0.4%) 79 (28%) 0.97 1.28 $28,462 7.96 Elusive City 80 50 (63%) 17 (21%) 15 (19%) 0 (0%) 0 (0%) 2 (3%) 2 (2.5%) 0 (0%) 6 (25%) 2.73 1.29 $43,490 6.05 Exceed And Excel (AUS) 85 67 (79%) 23 (27%) 23 (27%) 1 (1%) 0 (0%) 3 (4%) 1 (1.2%) 0 (0%) 11 (28%) 1.56 2.22 $16,777 5.70 High Chaparral (IRE) 165 116 (70%) 46 (28%) 17 (10%) 31 (19%) 2 (1%) 5 (3%) 3 (1.8%) 0 (0%) 10 (20%) 1.25 1.64 $24,603 8.98 Hold That Tiger 236 171 (72%) 93 (39%) 35 (15%) 75 (32%) 1 (0%) 3 (1%) 0 (0%) 0 (0%) 79 (50%) 0.87 1.43 $21,853 6.93 Key of Luck 370 297 (80%) 137 (37%) 66 (18%) 84 (23%) 46 (12%) 10 (3%) 3 (0.8%) 1 (0.3%) 43 (28%) 1.12 1.22 $27,883 7.79 King's Theatre (IRE) 438 234 (53%) 133 (30%) 40 (9%) 83 (19%) 72 (16%) 11 (3%) 4 (0.9%) 1 (0.2%) 26 (26%) 0.97 1.31 $37,368 9.22 Lando (GER) 324 233 (72%) 149 (46%) 23 (7%) 98 (30%) 83 (26%) 18 (6%) 9 (2.8%) 6 (1.9%) 19 (23%) 1.74 1.14 $56,410 9.70 Muhtathir (GB) 162 90 (56%) 38 (23%) 9 (6%) 27 (17%) 19 (12%) 4 (2%) 4 (2.5%) 3 (1.9%) 6 (14%) 1.89 1.06 $91,438 9.51 Mujadil 622 526 (85%) 353 (57%) 195 (31%) 209 (34%) 162 (26%) 28 (5%) 9 (1.4%) 1 (0.2%) 118 (38%) 1.04 1.06 $31,418 6.16 Noverre 243 192 (79%) 98 (40%) 64 (26%) 47 (19%) 14 (6%) 8 (3%) 4 (1.6%) 0 (0%) 34 (29%) 0.94 1.28 $20,025 6.92 Observatory 204 164 (80%) 78 (38%) 37 (18%) 47 (23%) 24 (12%) 8 (4%) 3 (1.5%) 1 (0.5%) 22 (19%) 0.94 1.30 $23,458 7.69 One Cool Cat 111 75 (68%) 28 (25%) 27 (24%) 1 (1%) 0 (0%) 5 (5%) 0 (0%) 0 (0%) 11 (29%) 0.82 1.44 $8,857 5.92 Oscar (IRE) 931 32 (3%) 7 (1%) 0 (0%) 2 (0%) 5 (1%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.29 0.52 $4,990 14.25 Poliglote (GB) 290 226 (78%) 133 (46%) 47 (16%) 84 (29%) 64 (22%) 14 (5%) 3 (1%) 0 (0%) 21 (23%) 1.28 1.32 $37,355 9.87 Presenting (GB) 969 21 (2%) 10 (1%) 4 (0%) 4 (0%) 6 (1%) 0 (0%) 0 (0%) 0 (0%) 4 (31%) 0.48 0.48 $11,413 11.65 Royal Applause (GB) 609 513 (84%) 287 (47%) 150 (25%) 153 (25%) 118 (19%) 32 (5%) 14 (2.3%) 1 (0.2%) 97 (29%) 1.02 1.35 $38,334 6.99 Samum (GER) 105 63 (60%) 31 (30%) 4 (4%) 22 (21%) 10 (10%) 4 (4%) 3 (2.9%) 2 (1.9%) 5 (29%) 2.36 1.50 $30,912 10.35 Sinndar (IRE) 232 172 (74%) 85 (37%) 17 (7%) 73 (31%) 23 (10%) 11 (5%) 8 (3.4%) 2 (0.9%) 19 (25%) 1.83 2.21 $54,259 10.47 Slickly (FR) 146 107 (73%) 42 (29%) 19 (13%) 30 (21%) 10 (7%) 5 (3%) 1 (0.7%) 0 (0%) 8 (20%) 1.14 1.13 $28,215 8.90 Soviet Star 760 584 (77%) 298 (39%) 80 (11%) 197 (26%) 138 (18%) 32 (4%) 22 (2.9%) 7 (0.9%) 102 (31%) 1.58 1.72 $58,636 7.54 marketwatch.bloodhorse.com / 7 2009 Stud Fees (Sires with a minimum two foal crops to race) Sire’s Farm/Country First 2009 2009 2008 2008 2007 Yrlg. Median Yrlgs. Profit. Wnlg. Med. Wnlgs. Profit. Sire Sire Standing Crop Year Fee ($) Fee Fee ($) Foals Foals (No. Sold) (% Offered) (No. Sold) (% Offered) Sulamani (IRE) Hernando (FR) H. du Logis/FR 2006 $10,622 €8,000 $11,738 38 88 $5,589 (11) 5 (20%) $2,795 (1) $7,500 to $9,990 Act One (GB) In the Wings (GB) Nunnery Stud/ENG 2004 $8,803 £6,000 $8,803 41 35 $6,848 (11) 1 (7%) $5,170 (2) American Post (GB) Bering (GB) FR 2006 $9,294 €7,000 $9,294 18 38 $26,615 (15) 8 (44%) Anabaa Blue (GB) Anabaa FR 2004 $7,966 €6,000 $13,277 45 32 $19,570 (5) 1 (13%) Bachelor Duke Miswaki Ballylinch Stud/IRE 2006 $9,958 €7,500 $10,622 49 33 $9,013 (14) 4 (19%) $5,381 (6) Dashing Blade (GB) Elegant Air (GB) Gestuet Etzean/GER 1992 $9,294 €7,000 $10,622 5 40 $7,828 (10) Denon Pleasant Colony Allev. di Besnate/ITY 2006 $7,966 €6,000 $7,966 5 17 $4,402 (6) Desert King (IRE) Danehill Scarvagh House/IRE 1999 $7,701 €5,800 $5,869 78 0 Desert Prince (IRE) Green Desert Gestuet Isarland/GER 2000 $9,958 €7,500 $8,630 4 33 $9,295 (6) Ekraar Red Ransom Allev. di Besnate/ITY 2005 $9,294 €7,000 $9,294 4 12 $5,381 (5) Elnadim Danzig Derrinstown Stud/IRE 2002 $7,966 €6,000 $7,966 30 5 $66,540 (1) 1 (50%) $6,464 (2) Indian Haven (GB) Indian Ridge (IRE) Irish National Stud/IRE 2006 $7,966 €6,000 $7,966 60 38 $9,784 (11) 2 (13%) $6,848 (11) Intikhab Red Ransom Derrinstown Stud/IRE 2001 $9,294 €7,000 $10,622 70 71 $10,646 (29) 8 (20%) $6,359 (5) Kalanisi (IRE) Doyoun (IRE) Boardsmill Stud/IRE 2003 $7,966 €6,000 $7,966 37 31 $7,828 (11) 1 (8%) $5,577 (1) King Charlemagne Nureyev ITY 2003 $7,966 €6,000 $7,966 1 20 $4,403 (5) Modigliani Danzig Greentree Stud/IRE 2005 $9,958 €7,500 $9,958 13 10 $15,656 (3) $34,247 (1) Mujahid Danzig Allev. di Besnate/ITY 2002 $7,966 €6,000 $8,803 5 36 $9,847 (12) 3 (18%) Ocean of Wisdom Mr. Prospector ITY 2003 $7,966 €6,000 $3,983 0 14 $2,934 (1) Orpen Lure H. du Thenney/FR 2001 $7,966 €6,000 $7,966 44 94 $12,720 (27) 7 (18%) Saint des Saints (FR) Cadoudal (FR) FR 2004 $7,966 €6,000 $3,983 14 17 Sholokhov (IRE) Sadler's Wells Gestuet Etzean/GER 2005 $9,294 €7,000 $7,966 5 56 $19,570 (12) 9 (38%) $18,592 (1) Stroll Pulpit Azi. Agri. Mediterranea/ITY 2006 $7,966 €6,000 3 20 $9,500 (9) 1 (10%) Tobougg (IRE) Barathea (IRE) Darley/ENG 2004 $7,336 £5,000 $7,336 90 104 $11,311 (22) 4 (10%) $5,589 (7) Trempolino Sharpen Up (GB) FR 1989 $7,966 €6,000 $10,622 13 29 $26,419 (5) 2 (33%) Turgeon Caro (IRE) FR 1995 $7,966 €6,000 $7,966 25 72 $24,463 (7) 5 (63%) $5,000 to $7,490 Agnes Kamikaze (JPN) Sunday Silence H. de Lonray/FR 2000 $6,639 €5,000 $3,319 7 18 Antonius Pius Danzig Coolmore Stud/IRE 2006 $6,639 €5,000 $9,958 91 125 $11,742 (53) 15 (18%) $8,806 (10) 2 (8%) Areion (GER) Big Shuffle GER 2002 $6,639 €5,000 $5,842 0 25 $104,800 (1) Bahri Riverman Derrinstown Stud/IRE 1997 $5,311 €4,000 $9,294 37 28 $17,538 (6) 2 (22%) $9,589 (2) 1 (14%) Ballingarry (IRE) Sadler's Wells Le H. du Mezeray/FR 2006 $6,639 €5,000 $6,639 37 77 $12,720 (10) 2 (17%) Black Sam Bellamy (IRE) Sadler's Wells Scarvagh House/IRE 2005 $5,975 €4,500 $8,630 27 54 $16,634 (9) 1 (5%) Boreal (GER) Java Gold Gestuet Ammerland/GER 2004 $5,311 €4,000 $7,966 1 16 $3,914 (2) Captain Rio (GB) Pivotal (GB) IRE 2005 $6,639 €5,000 $7,966 113 142 $9,784 (54) 11 (14%) $2,445 (10) Carnival Dancer (GB) Sadler's Wells Cheveley Park/ENG 2005 $5,869 £4,000 $5,869 6 12 $11,904 (2) $1,118 (1) Catcher In The Rye (IRE) Danehill Coolmore Stud/IRE 2005 $5,311 €4,000 $5,311 76 110 $20,261 (10) 4 (21%) $2,445 (2) Daggers Drawn Diesis (GB) Allev. I Mandorli/ITY 2001 $6,639 €5,000 $6,639 16 35 $3,914 (5) Daliapour (IRE) Sadler's Wells H. des Chartreux/FR 2004 $5,975 €4,500 $5,975 20 39 $6,848 (1) Dilshaan (GB) Darshaan (GB) IRE 2004 $5,311 €4,000 $5,311 8 21 Domedriver (IRE) Indian Ridge (IRE) H. de Fresnay-le-Buffard/FR 2005 $5,311 €4,000 $10,270 25 20 $4,403 (3) $1,118 (2) Fleetwood (IRE) Groom Dancer IRE 2000 $5,311 €4,000 $5,311 35 10 Golan (IRE) Spectrum (IRE) Coolmore Stud/IRE 2004 tba tba $5,311 144 61 $7,339 (4) 1 (13%) $4,403 (1) Gold Away (IRE) Goldneyev H. du Quesnay/FR 2001 $6,639 €5,000 $4,647 15 28 $41,097 (7) 6 (50%) $2,739 (1) Golden Snake Danzig Greentree Stud/IRE 2003 $6,639 €5,000 $6,639 15 0 Heron Island (IRE) Shirley Heights (GB) Arctic Tack Stud/IRE 2000 $5,311 €4,000 $5,311 195 116 Ishiguru Danzig Tweenhills Stud/ENG 2004 $6,602 £4,500 $6,602 42 36 $6,653 (13) 2 (10%) $8,384 (5) 2 (29%) Kaldounevees (FR) Kaldoun (FR) FR 1997 $6,639 €5,000 $6,639 11 23 $26,419 (2) 2 (67%) Kheleyf Green Desert Darley/IRE 2006 $6,639 €5,000 $6,639 101 77 $28,377 (56) 32 (49%) $13,209 (32) Kris Kin Kris S. Morristown Lattin/IRE 2005 $5,311 €4,000 $5,311 53 51 Lucky Story Kris S. Tweenhills Stud/ENG 2006 $5,869 £4,000 $5,869 18 58 $14,638 (23) Masterful Danzig Azi. Agri. Antezzate Srl/ITY 2006 $5,311 €4,000 $5,311 0 17 Miesque's Son Mr. Prospector H. des Chartreux/FR 1998 $6,639 €5,000 $6,639 29 18 $13,209 (2) Monsieur Bond (IRE) Danehill Dancer (IRE) Whitsbury Manor/ENG 2006 $5,135 £3,500 $5,135 70 46 $11,977 (20) 4 (16%) $5,589 (6) Namid (GB) Indian Ridge (IRE) Rathbarry Stud/IRE 2002 $6,639 €5,000 $13,277 39 77 $9,236 (26) 4 (10%) $11,742 (3) Needwood Blade (GB) Pivotal (GB) Mickley Stud/ENG 2006 $5,869 £4,000 $5,869 109 70 $3,992 (23) 3 (8%) $5,589 (3) Next Desert (IRE) Desert Style (IRE) FR 2005 $6,639 €5,000 $3,983 1 40 $5,381 (4) 1 (13%) Numerous Mr. Prospector H. du Quesnay/FR 1997 $5,311 €4,000 $10,622 44 45 $16,145 (6) Overbury (IRE) Caerleon Mickley Stud/ENG 1998 $5,135 £3,500 $5,135 106 76 Panis Miswaki H. du Quesnay/FR 2003 $6,639 €5,000 $7,966 43 35 $12,720 (1) Paolini (GER) Lando (GER) G. Hof Ittlingen/GER 2006 $6,307 €4,750 $6,307 5 42 $9,784 (5) 1 (9%) Piccolo (GB) Warning (GB) Lavington Stud/ENG 1997 $7,336 £5,000 $7,336 38 58 $4,975 (12) 2 (11%) $8,384 (5) Platini (GER) Surumu (GER) G. Harzburg/GER 1995 $5,311 €4,000 $5,311 0 15 $8,806 (4) Pyrus Mr. Prospector IRE 2004 $5,311 €4,000 $5,311 13 52 $10,273 (12) 1 (4%) Ransom O'War Red Ransom G. Auenquelle/GER 2006 $5,975 €4,500 $5,975 3 42 $14,678 (13) 6 (27%) Redback (GB) Mark of Esteem (IRE) Tally-Ho Stud/IRE 2004 private private $8,630 72 69 $6,917 (26) 2 (5%) $9,295 (7) Royal Dragon Danehill GER 2004 $6,639 €5,000 $6,639 1 42 $2,934 (11) Saffron Walden (FR) Sadler's Wells Rossenarra Stud/IRE 2002 $6,639 €5,000 $6,639 27 39 $6,359 (3) Shantou Alleged Burgage Stud/IRE 2000 $5,311 €4,000 $5,311 97 88 $1,369 (3) Sleeping Car (FR) Dunphy (IRE) FR 1995 $5,311 €4,000 $5,311 13 46 St. Jovite Pleasant Colony Greentree Stud/IRE 1994 $6,639 €5,000 $7,966 27 27 $8,806 (1) Tagula (IRE) Taufan Rathbarry Stud/IRE 1998 $5,311 €4,000 $7,966 44 67 $5,626 (20) 4 (15%) $13,209 (3) Tertullian Miswaki G. Schlenderhan/GER 2003 $5,311 €4,000 $5,311 0 44 $8,317 (9) 2 (12%) Tillerman (GB) In the Wings (GB) Hedgeholme Stud/ENG 2006 $5,135 £3,500 $2,655 16 25 $2,795 (3) Titus Livius (FR) Machiavellian Rathasker Stud/IRE 2000 $6,639 €5,000 $6,639 35 44 $14,815 (12) 4 (19%) $1,537 (2) Tomorrows Cat Storm Cat H. des Chartreux/FR 2000 $5,975 €4,500 $6,602 33 77 $5,577 (2) Touch of the Blues (FR) Cadeaux Genereux (GB) Logis Saint-Germain/FR 2005 $6,639 €5,000 $6,639 18 13 Where Or When (IRE) Danehill Dancer (IRE) Ballycrystal Stud/IRE 2005 private private $8,803 30 41 $6,288 (5) $1,956 (5) With Approval Caro (IRE) Lanwades Stud/ENG 1992 $6,602 £4,500 $7,336 18 24 $41,586 (2) 2 (50%) $1,677 (1) 8 / marketwatch.bloodhorse.com 2009 Stud Fees Lifetime Rnrs Wnrs 2yo Wnrs 3yo Wnrs 4yo+ Wnrs SW GSW GISW Dirt Wnrs Avg. Earnings Sire Named Foals (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Dirt Rnrs) AEI CI /Runner AWD Sulamani (IRE) 38 12 (32%) 5 (13%) 5 (13%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 1 (17%) 0.35 1.3 $3,725 7.43 $7,500 to $9,990 Act One (GB) 124 84 (68%) 52 (42%) 22 (18%) 34 (27%) 12 (10%) 3 (2%) 0 (0%) 0 (0%) 13 (28%) 1.03 1.72 $20,717 9.48 American Post (GB) 50 25 (50%) 9 (18%) 9 (18%) 0 (0%) 0 (0%) 2 (4%) 0 (0%) 0 (0%) 1 (9%) 1.05 1.34 $15,341 8.03 Anabaa Blue (GB) 178 113 (63%) 52 (29%) 21 (12%) 35 (20%) 17 (10%) 3 (2%) 1 (0.6%) 1 (0.6%) 8 (15%) 1.25 1.28 $34,490 8.66 Bachelor Duke 49 30 (61%) 10 (20%) 10 (20%) 0 (0%) 0 (0%) 1 (2%) 1 (2%) 0 (0%) 2 (12%) 1.07 1.07 $13,140 6.49 Dashing Blade (GB) 763 643 (84%) 453 (59%) 126 (17%) 296 (39%) 228 (30%) 57 (7%) 23 (3%) 4 (0.5%) 63 (29%) 1.24 1.26 $25,870 7.95 Denon 45 22 (49%) 6 (13%) 6 (13%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.81 1.00 $8,124 6.33 Desert King (IRE) 514 449 (87%) 195 (38%) 47 (9%) 141 (27%) 74 (14%) 19 (4%) 9 (1.8%) 3 (0.6%) 61 (23%) 1.82 1.5 $36,371 8.77 Desert Prince (IRE) 579 485 (84%) 281 (49%) 102 (18%) 183 (32%) 109 (19%) 24 (4%) 11 (1.9%) 2 (0.3%) 82 (31%) 1.17 1.77 $37,837 7.78 Ekraar 97 57 (59%) 24 (25%) 14 (14%) 15 (15%) 0 (0%) 1 (1%) 0 (0%) 0 (0%) 7 (44%) 0.73 1.16 $10,606 8.58 Elnadim 204 161 (79%) 100 (49%) 45 (22%) 59 (29%) 36 (18%) 10 (5%) 5 (2.5%) 0 (0%) 52 (43%) 1.37 1.26 $35,008 6.51 Indian Haven (GB) 41 31 (76%) 4 (10%) 4 (10%) 0 (0%) 0 (0%) 2 (5%) 2 (4.9%) 0 (0%) 2 (12%) 1.01 1.04 $11,709 6.30 Intikhab 336 260 (77%) 150 (45%) 80 (24%) 88 (26%) 44 (13%) 11 (3%) 6 (1.8%) 2 (0.6%) 49 (35%) 1.36 1.16 $36,506 7.41 Kalanisi (IRE) 205 135 (66%) 59 (29%) 23 (11%) 41 (20%) 13 (6%) 3 (1%) 0 (0%) 0 (0%) 15 (22%) 0.90 2.06 $19,600 9.02 King Charlemagne 302 226 (75%) 113 (37%) 50 (17%) 77 (25%) 40 (13%) 3 (1%) 0 (0%) 0 (0%) 49 (34%) 0.78 1.21 $17,486 7.32 Modigliani 45 37 (82%) 9 (20%) 6 (13%) 5 (11%) 0 (0%) 1 (2%) 1 (2.2%) 0 (0%) 4 (17%) 1.26 0.81 $20,562 6.81 Mujahid 239 189 (79%) 111 (46%) 59 (25%) 70 (29%) 40 (17%) 10 (4%) 3 (1.3%) 1 (0.4%) 55 (41%) 1.27 0.95 $44,504 7.00 Ocean of Wisdom 117 74 (63%) 37 (32%) 7 (6%) 26 (22%) 14 (12%) 1 (1%) 0 (0%) 0 (0%) 13 (35%) 0.89 1.49 $25,814 8.76 Orpen 567 445 (78%) 263 (46%) 118 (21%) 177 (31%) 103 (18%) 24 (4%) 11 (1.9%) 1 (0.2%) 86 (35%) 1.03 1.22 $28,122 6.76 Saint des Saints (FR) 99 17 (17%) 2 (2%) 0 (0%) 2 (2%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.08 0.60 $1,393 11.68 Sholokhov (IRE) 86 48 (56%) 17 (20%) 4 (5%) 16 (19%) 0 (0%) 5 (6%) 1 (1.2%) 0 (0%) 1 (20%) 1.35 1.19 $14,607 8.26 Stroll 34 14 (41%) 9 (26%) 9 (26%) 0 (0%) 0 (0%) 3 (9%) 1 (2.9%) 0 (0%) 9 (69%) 2.43 1.21 $43,698 5.44 Tobougg (IRE) 279 214 (77%) 84 (30%) 54 (19%) 42 (15%) 10 (4%) 4 (1%) 0 (0%) 0 (0%) 29 (20%) 0.73 0.92 $14,909 7.90 Trempolino 762 627 (82%) 379 (50%) 95 (12%) 258 (34%) 218 (29%) 38 (5%) 18 (2.4%) 5 (0.7%) 114 (35%) 1.32 1.62 $48,766 8.79 Turgeon 356 143 (40%) 36 (10%) 6 (2%) 22 (6%) 24 (7%) 3 (1%) 0 (0%) 0 (0%) 1 (6%) 0.69 0.79 $15,841 10.97 $5,000 to $7,490 Agnes Kamikaze (JPN) 75 37 (49%) 9 (12%) 4 (5%) 5 (7%) 3 (4%) 0 (0%) 0 (0%) 0 (0%) 5 (21%) 0.42 0.99 $40,998 9.03 Antonius Pius 0 0.80 0.91 Areion (GER) 84 69 (82%) 53 (63%) 13 (15%) 36 (43%) 25 (30%) 5 (6%) 2 (2.4%) 0 (0%) 14 (47%) 1.13 1.00 $26,850 7.02 Bahri 292 222 (76%) 116 (40%) 37 (13%) 72 (25%) 51 (17%) 12 (4%) 5 (1.7%) 1 (0.3%) 47 (36%) 1.47 1.68 $40,770 7.59 Ballingarry (IRE) 51 18 (35%) 3 (6%) 3 (6%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 1 (14%) 0.38 1.13 $5,989 8.20 Black Sam Bellamy (IRE) 86 50 (58%) 14 (16%) 3 (3%) 12 (14%) 0 (0%) 2 (2%) 2 (2.3%) 0 (0%) 1 (8%) 0.91 0.84 $12,604 11.08 Boreal (GER) 24 16 (67%) 7 (29%) 2 (8%) 5 (21%) 1 (4%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.39 2.74 $7,664 8.62 Captain Rio (GB) 214 173 (81%) 77 (36%) 56 (26%) 34 (16%) 0 (0%) 3 (1%) 2 (0.9%) 0 (0%) 34 (28%) 0.63 0.97 $11,204 6.11 Carnival Dancer (GB) 25 16 (64%) 6 (24%) 3 (12%) 4 (16%) 0 (0%) 1 (4%) 0 (0%) 0 (0%) 4 (36%) 0.52 1.12 $9,825 9.51 Catcher In The Rye (IRE) 131 88 (67%) 36 (27%) 24 (18%) 20 (15%) 0 (0%) 3 (2%) 1 (0.8%) 1 (0.8%) 13 (30%) 1.06 0.90 $15,377 7.19 Daggers Drawn 370 283 (76%) 152 (41%) 74 (20%) 89 (24%) 36 (10%) 8 (2%) 3 (0.8%) 0 (0%) 57 (32%) 0.95 0.78 $20,511 6.97 Daliapour (IRE) 130 85 (65%) 30 (23%) 7 (5%) 22 (17%) 7 (5%) 0 (0%) 0 (0%) 0 (0%) 2 (7%) 0.57 1.03 $12,810 9.52 Dilshaan (GB) 44 31 (70%) 9 (20%) 2 (5%) 8 (18%) 4 (9%) 1 (2%) 1 (2.3%) 0 (0%) 5 (26%) 0.29 0.64 $8,227 7.77 Domedriver (IRE) 74 51 (69%) 16 (22%) 8 (11%) 11 (15%) 0 (0%) 1 (1%) 0 (0%) 0 (0%) 2 (6%) 0.54 1.25 $10,988 7.68 Fleetwood (IRE) 107 62 (58%) 28 (26%) 9 (8%) 17 (16%) 16 (15%) 0 (0%) 0 (0%) 0 (0%) 12 (27%) 0.44 0.70 $12,033 8.34 Golan (IRE) 130 86 (66%) 41 (32%) 12 (9%) 27 (21%) 12 (9%) 2 (2%) 1 (0.8%) 0 (0%) 13 (27%) 1.41 1.33 $21,487 8.40 Gold Away (IRE) 224 165 (74%) 85 (38%) 42 (19%) 48 (21%) 38 (17%) 6 (3%) 5 (2.2%) 2 (0.9%) 11 (14%) 1.59 1.14 $56,502 8.44 Golden Snake 48 40 (83%) 19 (40%) 7 (15%) 8 (17%) 9 (19%) 1 (2%) 1 (2.1%) 1 (2.1%) 9 (36%) 1.25 1.03 $14,419 8.12 Heron Island (IRE) 131 3 (2%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.07 0.55 $1,629 0 Ishiguru 87 70 (80%) 35 (40%) 14 (16%) 24 (28%) 13 (15%) 4 (5%) 3 (3.4%) 0 (0%) 16 (31%) 0.97 0.94 $21,196 5.72 Kaldounevees (FR) 373 245 (66%) 122 (33%) 14 (4%) 84 (23%) 68 (18%) 7 (2%) 3 (0.8%) 2 (0.5%) 15 (21%) 1.20 0.83 $42,086 10.46 Kheleyf 86 68 (79%) 32 (37%) 31 (36%) 1 (1%) 0 (0%) 3 (3%) 1 (1.2%) 0 (0%) 10 (26%) 1.47 0.97 $19,116 6.01 Kris Kin 48 31 (65%) 13 (27%) 9 (19%) 9 (19%) 0 (0%) 1 (2%) 0 (0%) 0 (0%) 6 (40%) 0.99 0.98 $16,750 8.60 Lucky Story 44 26 (59%) 8 (18%) 8 (18%) 0 (0%) 0 (0%) 1 (2%) 1 (2.3%) 0 (0%) 1 (8%) 1.21 0.93 $14,700 6.16 Masterful 17 11 (65%) 5 (29%) 4 (24%) 1 (6%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 2 (33%) 0.65 1.02 $8,380 7.95 Miesque's Son 260 201 (77%) 120 (46%) 30 (12%) 77 (30%) 68 (26%) 8 (3%) 2 (0.8%) 2 (0.8%) 95 (56%) 1.30 1.50 $52,608 7.04 Monsieur Bond (IRE) 53 37 (70%) 11 (21%) 10 (19%) 1 (2%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 5 (19%) 0.44 0.87 $5,051 6.28 Namid (GB) 455 359 (79%) 170 (37%) 87 (19%) 87 (19%) 61 (13%) 13 (3%) 6 (1.3%) 0 (0%) 44 (19%) 0.91 1.20 $23,761 5.73 Needwood Blade (GB) 44 33 (75%) 6 (14%) 6 (14%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 1 (7%) 0.34 0.78 $3,680 6.11 Next Desert (IRE) 74 30 (41%) 8 (11%) 2 (3%) 7 (9%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 1 (25%) 0.52 1.15 $8,263 9.13 Numerous 521 445 (85%) 284 (55%) 69 (13%) 175 (34%) 159 (31%) 19 (4%) 9 (1.7%) 5 (1%) 218 (60%) 1.45 1.37 $46,742 7.13 Overbury (IRE) 376 39 (10%) 8 (2%) 3 (1%) 1 (0%) 6 (2%) 1 (0%) 1 (0.3%) 0 (0%) 4 (15%) 0.50 0.65 $10,368 7.71 Panis 79 59 (75%) 26 (33%) 16 (20%) 14 (18%) 4 (5%) 1 (1%) 1 (1.3%) 0 (0%) 5 (16%) 0.87 0.96 $23,138 7.23 Paolini (GER) 18 5 (28%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.03 1.69 $320 0 Piccolo (GB) 464 394 (85%) 210 (45%) 105 (23%) 98 (21%) 114 (25%) 7 (2%) 6 (1.3%) 2 (0.4%) 93 (33%) 0.97 0.90 $26,506 5.51 Platini (GER) 512 408 (80%) 289 (56%) 45 (9%) 170 (33%) 179 (35%) 26 (5%) 11 (2.1%) 1 (0.2%) 59 (33%) 0.96 1.16 $20,359 9.36 Pyrus 54 35 (65%) 14 (26%) 14 (26%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 3 (15%) 0.96 0.66 $10,283 6.45 Ransom O'War 32 9 (28%) 2 (6%) 2 (6%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.40 1.45 $5,662 2.15 Redback (GB) 107 83 (78%) 34 (32%) 17 (16%) 23 (21%) 7 (7%) 4 (4%) 2 (1.9%) 0 (0%) 12 (22%) 0.84 1.02 $16,483 6.24 Royal Dragon 77 49 (64%) 20 (26%) 4 (5%) 13 (17%) 6 (8%) 2 (3%) 0 (0%) 0 (0%) 5 (28%) 0.65 1.30 $8,232 7.91 Saffron Walden (FR) 45 37 (82%) 7 (16%) 4 (9%) 3 (7%) 1 (2%) 0 (0%) 0 (0%) 0 (0%) 5 (17%) 0.34 0.82 $26,337 6.10 Shantou 221 188 (85%) 102 (46%) 39 (18%) 69 (31%) 50 (23%) 3 (1%) 1 (0.5%) 1 (0.5%) 30 (25%) 1.07 0.94 $29,449 9.21 Sleeping Car (FR) 271 97 (36%) 14 (5%) 5 (2%) 5 (2%) 6 (2%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.27 0.69 $4,384 10.5 St. Jovite 315 234 (74%) 124 (39%) 23 (7%) 72 (23%) 76 (24%) 9 (3%) 4 (1.3%) 1 (0.3%) 79 (45%) 0.96 1.93 $32,874 8.42 Tagula (IRE) 438 327 (75%) 176 (40%) 82 (19%) 99 (23%) 90 (21%) 10 (2%) 4 (0.9%) 0 (0%) 67 (30%) 1.00 0.85 $27,752 6.25 Tertullian 92 65 (71%) 42 (46%) 14 (15%) 23 (25%) 14 (15%) 4 (4%) 1 (1.1%) 0 (0%) 8 (26%) 0.97 1.11 $19,875 7.76 Tillerman (GB) 15 9 (60%) 2 (13%) 2 (13%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 1 (33%) 0.39 0.72 $4,214 5.69 Titus Livius (FR) 316 255 (81%) 163 (52%) 86 (27%) 99 (31%) 68 (22%) 7 (2%) 5 (1.6%) 1 (0.3%) 63 (39%) 0.94 1.15 $36,726 5.97 Tomorrows Cat 340 264 (78%) 168 (49%) 46 (14%) 108 (32%) 86 (25%) 9 (3%) 1 (0.3%) 0 (0%) 152 (59%) 1.19 1.34 $45,109 6.91 Touch of the Blues (FR) 50 29 (58%) 9 (18%) 5 (10%) 4 (8%) 0 (0%) 1 (2%) 0 (0%) 0 (0%) 3 (15%) 0.31 0.92 $4,657 6.73 Where Or When (IRE) 88 50 (57%) 12 (14%) 6 (7%) 9 (10%) 0 (0%) 1 (1%) 0 (0%) 0 (0%) 6 (19%) 0.51 0.91 $9,799 9.40 With Approval 815 654 (80%) 461 (57%) 86 (11%) 304 (37%) 310 (38%) 48 (6%) 19 (2.3%) 2 (0.2%) 346 (57%) 1.41 1.60 $65,126 7.61

marketwatch.bloodhorse.com / 9 2009 Stud Fees (Sires with a minimum two foal crops to race) Sire’s Farm/Country First 2009 2009 2008 2008 2007 Yrlg. Median Yrlgs. Profit. Wnlg. Med. Wnlgs. Profit. Sire Sire Standing Crop Year Fee ($) Fee Fee ($) Foals Foals (No. Sold) (% Offered) (No. Sold) (% Offered) $2,300 to $4,990 Alberto Giacometti (IRE) Sadler's Wells H. de Saint Voir/FR 2006 $2,655 € 2,000 $2,655 7 27 Alflora (IRE) Niniski ENG 1996 $4,402 £3,000 $5,135 81 77 Ashkalani (IRE) Soviet Star Coolamurry Stud/IRE 1998 $2,655 € 2,000 $3,983 23 32 Atraf (GB) Clantime (NTB) IRE 1999 $2,655 € 2,000 $2,655 25 34 $978 (1) Bad As I Wanna Be (IRE) Common Grounds (GB) H. de Preaux/FR 2004 $3,983 € 3,000 $3,983 12 19 Baryshnikov (AUS) Kenmare (FR) ENG 1998 $2,568 £1,750 $2,568 10 14 Bernebeau (FR) Green Tune FR 2005 $2,655 € 2,000 $2,390 27 20 $13,698 (3) 1 (33%) Bishop of Cashel (GB) Warning (GB) IRE 1998 $3,983 € 3,000 $5,311 11 36 Broadway Flyer Theatrical (IRE) Greentree Stud/IRE 1999 $3,983 € 3,000 $5,311 17 25 Chevalier (IRE) Danehill Tally-Ho Stud/IRE 2005 $4,647 € 3,500 $4,647 51 52 $8,806 (9) 2 (12%) $4,892 (3) Croco Rouge (IRE) Rainbow Quest Rathbarry Stud/IRE 2001 $2,323 € 1,750 39 43 Danroad (AUS) Danehill IRE 2005 $4,647 € 3,500 37 32 $1,330 (5) 2 (29%) Deploy (GB) Shirley Heights (GB) Scarvagh House/IRE 1992 n/a n/a $2,655 21 10 Deportivo (GB) Night Shift Walton Fields/ENG 2006 $4,402 £3,000 $4,402 10 13 $3,858 (3) Diableneyev Nureyev H. du Thenney/FR 2002 $3,983 € 3,000 $3,983 5 19 $12,231 (4) 1 (25%) Distant Music Distant View ENG 2003 $2,934 £2,000 $4,402 21 7 Double Trigger (IRE) Ela-Mana-Mou (IRE) ENG 2000 $3,668 £2,500 $3,668 9 11 Dream Well (FR) Sadler's Wells Fresnay-le-Buffard/FR 2001 $2,655 € 2,000 $2,655 9 16 $134,546 (2) 1 (33%) Dushyantor Sadler's Wells Rathbarry Stud/IRE 2001 tba tba 25 72 Enrique (GB) Barathea (IRE) FR 2002 $3,983 € 3,000 $3,983 47 23 $12,720 (3) 1 (20%) Exit to Nowhere Irish River (FR) Scarvagh House/IRE 1994 n/a n/a $4,647 73 127 Fair Mix (IRE) Linamix (FR) ENG 2006 $2,934 £2,000 $3,301 44 41 Fayruz (GB) Song (GB) Rossenarra Stud/IRE 1988 $4,647 € 3,500 $4,647 11 10 $6,359 (3) First Trump (GB) Primo Dominie (GB) Walton Fields/ENG 1996 $2,934 £2,000 $2,934 5 13 Fraam (GB) Lead On Time Tweenhills Stud/ENG 1997 $4,035 £2,750 $4,035 11 23 $8,050 (6) 1 (11%) Fruits of Love Hansel IRE 2003 $4,647 € 3,500 $5,311 118 39 Generous (IRE) Caerleon Scarvagh House/IRE 1993 $4,647 £3,500 $6,602 68 63 $24,810 (2) 2 (67%) $273,986 (1) Germany Trempolino IRE 1998 $4,647 € 3,500 $4,647 20 0 Goldmark Lyphard Ballycrystal Stud/IRE 1998 n/a n/a 14 33 Grape Tree Road (GB) Caerleon ENG 1999 $2,934 £2,000 $3,668 76 85 Great Palm Manila Arctic Tack Stud/IRE 1996 $2,655 € 2,000 $2,655 64 120 Helissio (FR) Fairy King Scarvagh House/IRE 1999 $3,319 € 2,500 $3,319 50 104 Humbel Theatrical (IRE) IRE 2000 $2,655 € 2,000 $2,655 18 23 Imperial Dancer (GB) Primo Dominie (GB) Norman Court/ENG 2006 $4,402 £3,000 $4,402 24 19 $18,165 (2) 1 (50%) Indian River (FR) Cadoudal (FR) Bluegate Stud/IRE 2001 $3,319 € 2,500 $3,319 45 57 Kayf Tara (GB) Sadler's Wells Overbury Stud/ENG 2002 $3,668 £2,500 $3,668 90 57 Keltos (FR) Kendor (FR) FR 2004 $3,319 € 2,500 $3,319 7 21 $14,678 (3) 2 (67%) Kutub (IRE) In the Wings (GB) IRE 2004 $3,983 € 3,000 $1,992 42 5 Lahib Riverman Scarvagh House/IRE 1994 tba tba $3,983 45 50 Laveron Konigsstuhl (GER) H. des Chartreux/FR 2004 $4,647 € 3,500 $4,647 19 28 Lost World (IRE) Last Tycoon (IRE) FR 1996 $3,983 € 3,000 $3,983 11 12 Loup Sauvage Riverman Beech Tree Stud/ENG 2000 $2,934 £2,000 $2,934 32 39 Maille Pistol (FR) Pistolet Bleu (IRE) H. des Chartreux/FR 2004 $3,054 € 2,300 $3,054 12 9 Majorien (GB) Machiavellian FR 2003 $2,921 € 2,200 $2,921 3 20 $10,764 (2) $9,784 (9) Marignan Blushing Groom (FR) IRE 1994 $3,983 € 3,000 $3,983 24 49 Martaline (GB) Linamix (FR) FR 2006 $4,647 € 3,500 $4,647 36 55 $25,441 (10) 7 (58%) Medecis (GB) Machiavellian Irish National Stud/IRE 2005 $3,983 € 3,000 $3,983 14 22 $3,326 (1) Midnight Legend (GB) Night Shift ENG 1999 $2,934 £2,000 $2,934 42 37 Munir (GB) Indian Ridge (IRE) Allev. di Besnate/ITY 2003 $4,647 € 3,500 $4,647 1 11 $6,359 (4) Odyle Alleged Thomastown Stud/IRE 1998 n/a n/a 12 11 Paris House (GB) Petong (GB) Beechwood Grange/ENG 1995 $2,934 £2,000 $2,934 2 10 Passing Glance (GB) Polar Falcon ENG 2006 $2,934 £2,000 $1,467 6 12 $2,128 (1) Priolo Sovereign Dancer FR 1993 $3,319 € 2,500 $3,319 19 12 Quws (GB) Robellino IRE 2002 $3,319 € 2,500 $3,319 14 23 Revoque (IRE) Fairy King Yorton Farm/ENG 1999 $2,934 £2,000 $2,655 32 89 Sagacity (FR) Highest Honor (FR) FR 2004 $3,319 € 2,500 $3,319 23 102 $15,656 (9) 3 (27%) Sagamix (FR) Linamix (FR) H. du Logis/FR 2002 $3,319 € 2,500 $3,319 7 21 Sassanian Roberto FR 1997 $2,655 € 2,000 $2,655 0 15 Septieme Ciel Seattle Slew ENG 1992 $2,861 £1,950 $2,861 16 18 Silver Patriarch (IRE) Saddlers' Hall (IRE) Wood Farms/ENG 2001 $3,668 £2,500 $3,668 39 57 Ski Chief Chief's Crown H. des Chartreux/FR 1995 $2,655 € 2,000 $2,655 21 37 Sternkoenig (IRE) Kalaglow (IRE) GER 1997 $3,319 € 2,500 8 20 $5,137 (2) Superior Premium (GB) Forzando (GB) Throckmorton Court/ENG 2003 $2,934 £2,000 $2,934 21 15 $1,230 (4) Talkin Man With Approval IRE 1997 $3,983 € 3,000 $1,992 13 34 Timboroa (GB) Salse H. des Chartreux/FR 2005 $3,983 € 3,000 $3,983 9 19 Tomba (GB) Efisio (GB) IRE 2002 $2,655 € 2,000 $5,311 9 13 Traditionally Mr. Prospector H. du Thenney/FR 2004 $3,983 € 3,000 $3,983 15 48 $4,192 (7) Trans Island (GB) Selkirk IRE 2002 $3,983 € 3,000 $3,983 17 49 $7,828 (21) 1 (4%) True Brave Dancing Brave H. des Chartreux/FR 1997 $3,054 € 2,300 $3,054 4 10 Turtle Island (IRE) Fairy King The Beeches/IRE 1996 private private $3,319 121 53 Victory Note Fairy King FR 2000 $3,983 € 3,000 $4,647 9 10 $7,828 (5) 1 (20%) Waky Nao (GB) Alzao Bert House Stud/IRE 2000 $2,655 € 2,000 $2,655 24 54 Winged Love (IRE) In the Wings (GB) Tullyraine House/IRE 1997 $3,319 € 2,500 $3,319 76 55 $1,063 (1)

10 / marketwatch.bloodhorse.com 2009 Stud Fees Lifetime Rnrs Wnrs 2yo Wnrs 3yo Wnrs 4yo+ Wnrs SW GSW GISW Dirt Wnrs Avg. Earnings Sire Named Foals (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Fls) (% Dirt Rnrs) AEI CI /Runner AWD $2,300 to $4,990 Alberto Giacometti (IRE) 24 5 (21%) 1 (4%) 1 (4%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.65 0.72 $10,397 8.95 Alflora (IRE) 549 19 (3%) 3 (1%) 1 (0%) 1 (0%) 1 (0%) 1 (0%) 0 (0%) 0 (0%) 0 (0%) 0.11 0.37 $1,327 4.07 Ashkalani (IRE) 331 258 (78%) 144 (44%) 40 (12%) 101 (31%) 72 (22%) 13 (4%) 3 (0.9%) 1 (0.3%) 31 (24%) 1.07 1.57 $34,716 7.71 Atraf (GB) 181 150 (83%) 63 (35%) 29 (16%) 38 (21%) 36 (20%) 2 (1%) 1 (0.6%) 0 (0%) 29 (27%) 0.62 0.78 $21,867 6.76 Bad As I Wanna Be (IRE) 56 24 (43%) 4 (7%) 3 (5%) 2 (4%) 1 (2%) 0 (0%) 0 (0%) 0 (0%) 1 (8%) 0.31 0.74 $6,333 5.97 Baryshnikov (AUS) 232 159 (69%) 65 (28%) 14 (6%) 41 (18%) 28 (12%) 2 (1%) 1 (0.4%) 0 (0%) 10 (20%) 0.76 1.05 $15,376 8.54 Bernebeau (FR) 49 24 (49%) 7 (14%) 2 (4%) 6 (12%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 1 (14%) 0.77 0.89 $15,812 9.15 Bishop of Cashel (GB) 171 106 (62%) 71 (42%) 27 (16%) 44 (26%) 49 (29%) 5 (3%) 3 (1.8%) 1 (0.6%) 23 (35%) 0.93 1.00 $71,804 6.40 Broadway Flyer 103 56 (54%) 17 (17%) 3 (3%) 13 (13%) 7 (7%) 0 (0%) 0 (0%) 0 (0%) 1 (6%) 0.50 0.82 $10,754 10.74 Chevalier (IRE) 80 51 (64%) 21 (26%) 15 (19%) 10 (13%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 7 (23%) 0.54 0.77 $8,927 7.21 Croco Rouge (IRE) 192 183 (95%) 72 (38%) 20 (10%) 53 (28%) 36 (19%) 6 (3%) 3 (1.6%) 0 (0%) 25 (18%) 0.97 1.14 $66,843 8.48 Danroad (AUS) 0 5.44 0.96 0 Deploy (GB) 425 266 (63%) 169 (40%) 51 (12%) 116 (27%) 95 (22%) 12 (3%) 7 (1.6%) 1 (0.2%) 41 (31%) 1.01 0.99 $29,370 8.74 Deportivo (GB) 19 13 (68%) 4 (21%) 4 (21%) 0 (0%) 0 (0%) 1 (5%) 0 (0%) 0 (0%) 2 (22%) 0.91 0.60 $12,748 5.76 Diableneyev 104 49 (47%) 15 (14%) 10 (10%) 6 (6%) 5 (5%) 2 (2%) 1 (1%) 1 (1%) 2 (12%) 1.16 0.9 $24,576 8.37 Distant Music 147 121 (82%) 55 (37%) 25 (17%) 36 (24%) 14 (10%) 2 (1%) 0 (0%) 0 (0%) 19 (25%) 0.72 1.31 $16,360 6.89 Double Trigger (IRE) 215 37 (17%) 10 (5%) 1 (0%) 5 (2%) 6 (3%) 0 (0%) 0 (0%) 0 (0%) 7 (35%) 0.18 0.44 $3,875 12.63 Dream Well (FR) 167 117 (70%) 30 (18%) 9 (5%) 22 (13%) 7 (4%) 2 (1%) 1 (0.6%) 0 (0%) 7 (10%) 0.78 1.18 $60,206 9.88 Dushyantor 116 42 (36%) 22 (19%) 12 (10%) 14 (12%) 7 (6%) 0 (0%) 0 (0%) 0 (0%) 6 (29%) 1.28 0.83 $23,474 8.31 Enrique (GB) 166 132 (80%) 64 (39%) 28 (17%) 48 (29%) 21 (13%) 4 (2%) 1 (0.6%) 0 (0%) 7 (10%) 1.09 1.02 $32,608 9.01 Exit to Nowhere 682 396 (58%) 224 (33%) 81 (12%) 159 (23%) 109 (16%) 16 (2%) 6 (0.9%) 1 (0.1%) 23 (23%) 1.16 1.26 $34,509 9.20 Fair Mix (IRE) 6 1 (17%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.15 0.54 $1,657 0 Fayruz (GB) 573 468 (82%) 272 (47%) 140 (24%) 137 (24%) 140 (24%) 12 (2%) 2 (0.3%) 1 (0.2%) 63 (25%) 0.82 0.76 $23,052 4.99 First Trump (GB) 301 241 (80%) 129 (43%) 59 (20%) 78 (26%) 58 (19%) 9 (3%) 5 (1.7%) 0 (0%) 37 (24%) 0.60 1.03 $16,625 6.66 Fraam (GB) 297 225 (76%) 112 (38%) 52 (18%) 66 (22%) 46 (15%) 5 (2%) 2 (0.7%) 0 (0%) 45 (27%) 0.77 0.84 $17,984 6.55 Fruits of Love 110 84 (76%) 40 (36%) 13 (12%) 31 (28%) 17 (15%) 1 (1%) 0 (0%) 0 (0%) 14 (29%) 0.84 0.91 $20,765 7.76 Generous (IRE) 562 434 (77%) 238 (42%) 51 (9%) 168 (30%) 120 (21%) 33 (6%) 19 (3.4%) 2 (0.4%) 87 (32%) 1.42 1.46 $76,315 9.55 Germany 118 15 (13%) 7 (6%) 1 (1%) 4 (3%) 6 (5%) 3 (3%) 1 (0.8%) 0 (0%) 1 (25%) 1.53 0.89 $24,510 6.50 Goldmark 201 126 (63%) 63 (31%) 17 (8%) 37 (18%) 36 (18%) 2 (1%) 2 (1%) 1 (0.5%) 16 (28%) 0.57 1.01 $15,850 7.52 Grape Tree Road (GB) 228 172 (75%) 82 (36%) 25 (11%) 61 (27%) 40 (18%) 3 (1%) 2 (0.9%) 1 (0.4%) 13 (17%) 1.14 1.01 $34,620 9.28 Great Palm 304 101 (33%) 36 (12%) 11 (4%) 25 (8%) 16 (5%) 1 (0%) 0 (0%) 0 (0%) 1 (7%) 0.57 0.73 $12,748 9.77 Helissio (FR) 443 375 (85%) 101 (23%) 23 (5%) 79 (18%) 47 (11%) 2 (0%) 2 (0.5%) 0 (0%) 52 (17%) 1.03 1.38 $87,359 7.97 Humbel 132 2 (2%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.41 Imperial Dancer (GB) 19 10 (53%) 1 (5%) 1 (5%) 0 (0%) 0 (0%) 1 (5%) 0 (0%) 0 (0%) 0 (0%) 1.07 0.97 $11,611 6.00 Indian River (FR) 86 21 (24%) 1 (1%) 0 (0%) 0 (0%) 1 (1%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.14 0.81 $3,019 12.51 Kayf Tara (GB) 306 38 (12%) 13 (4%) 2 (1%) 6 (2%) 7 (2%) 1 (0%) 0 (0%) 0 (0%) 6 (21%) 0.32 0.85 $8,777 13.30 Keltos (FR) 15 14 (93%) 7 (47%) 4 (27%) 6 (40%) 2 (13%) 1 (7%) 0 (0%) 0 (0%) 5 (45%) 1.41 1.22 $41,616 7.04 Kutub (IRE) 62 36 (58%) 15 (24%) 2 (3%) 14 (23%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 3 (17%) 0.74 1.16 $16,432 10.25 Lahib 492 317 (64%) 190 (39%) 61 (12%) 122 (25%) 107 (22%) 15 (3%) 9 (1.8%) 2 (0.4%) 50 (31%) 1.08 1.17 $33,838 7.63 Laveron 77 5 (6%) 2 (3%) 2 (3%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.23 0.5 $3,874 7.98 Lost World (IRE) 385 189 (49%) 62 (16%) 21 (5%) 37 (10%) 29 (8%) 1 (0%) 0 (0%) 0 (0%) 4 (10%) 0.58 0.82 $13,388 9.98 Loup Sauvage 131 83 (63%) 43 (33%) 12 (9%) 20 (15%) 27 (21%) 2 (2%) 1 (0.8%) 0 (0%) 31 (48%) 0.62 1.16 $21,686 7.08 Maille Pistol (FR) 73 25 (34%) 8 (11%) 1 (1%) 8 (11%) 1 (1%) 0 (0%) 0 (0%) 0 (0%) 1 (8%) 0.45 0.52 $9,850 10.06 Majorien (GB) 156 103 (66%) 34 (22%) 14 (9%) 23 (15%) 19 (12%) 2 (1%) 0 (0%) 0 (0%) 6 (12%) 0.73 0.88 $22,418 8.89 Marignan 279 178 (64%) 75 (27%) 17 (6%) 47 (17%) 46 (16%) 5 (2%) 0 (0%) 0 (0%) 7 (23%) 0.82 1.06 $22,375 9.89 Martaline (GB) 63 14 (22%) 1 (2%) 1 (2%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.29 0.69 $4,242 9.69 Medecis (GB) 36 24 (67%) 11 (31%) 9 (25%) 6 (17%) 0 (0%) 1 (3%) 1 (2.8%) 0 (0%) 4 (36%) 1.09 0.8 $18,822 7.57 Midnight Legend (GB) 108 6 (6%) 1 (1%) 0 (0%) 1 (1%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.36 0.32 $5,845 28.11 Munir (GB) 80 40 (50%) 13 (16%) 2 (3%) 7 (9%) 10 (13%) 2 (3%) 1 (1.3%) 0 (0%) 4 (21%) 1.23 0.96 $36,645 8.99 Odyle 132 91 (69%) 46 (35%) 10 (8%) 29 (22%) 24 (18%) 2 (2%) 0 (0%) 0 (0%) 43 (50%) 0.56 1.12 $17,746 6.39 Paris House (GB) 271 209 (77%) 103 (38%) 44 (16%) 49 (18%) 59 (22%) 7 (3%) 4 (1.5%) 0 (0%) 30 (23%) 0.71 0.81 $16,936 5.75 Passing Glance (GB) 7 6 (86%) 3 (43%) 3 (43%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.57 0.42 $6,197 6.17 Priolo 520 377 (73%) 220 (42%) 57 (11%) 164 (32%) 117 (23%) 19 (4%) 7 (1.3%) 4 (0.8%) 44 (32%) 1.21 1.5 $35,480 8.48 Quws (GB) 72 10 (14%) 2 (3%) 1 (1%) 0 (0%) 1 (1%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.14 0.55 $2,773 5.51 Revoque (IRE) 360 247 (69%) 140 (39%) 54 (15%) 97 (27%) 62 (17%) 9 (3%) 5 (1.4%) 1 (0.3%) 35 (26%) 0.87 1.03 $35,414 6.29 Sagacity (FR) 173 87 (50%) 33 (19%) 15 (9%) 23 (13%) 5 (3%) 2 (1%) 0 (0%) 0 (0%) 7 (22%) 0.8 1.12 $17,835 8.92 Sagamix (FR) 183 111 (61%) 51 (28%) 14 (8%) 34 (19%) 22 (12%) 1 (1%) 0 (0%) 0 (0%) 3 (8%) 0.73 1.01 $18,846 10.1 Sassanian 131 27 (21%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.06 0.45 $590 0 Septieme Ciel 636 509 (80%) 297 (47%) 124 (19%) 188 (30%) 148 (23%) 29 (5%) 6 (0.9%) 1 (0.2%) 145 (47%) 1.06 1.39 $36,973 7.47 Silver Patriarch (IRE) 284 56 (20%) 13 (5%) 2 (1%) 8 (3%) 9 (3%) 1 (0%) 0 (0%) 0 (0%) 4 (10%) 0.46 0.79 $10,973 9.59 Ski Chief 231 165 (71%) 85 (37%) 35 (15%) 50 (22%) 48 (21%) 4 (2%) 0 (0%) 0 (0%) 21 (25%) 1.03 0.78 $34,673 8.51 Sternkoenig (IRE) 225 180 (80%) 119 (53%) 13 (6%) 87 (39%) 60 (27%) 14 (6%) 5 (2.2%) 1 (0.4%) 9 (14%) 1.13 1.34 $24,130 9.44 Superior Premium (GB) 58 48 (83%) 11 (19%) 7 (12%) 4 (7%) 5 (9%) 1 (2%) 0 (0%) 0 (0%) 4 (11%) 0.42 0.62 $7,255 6.40 Talkin Man 144 98 (68%) 63 (44%) 13 (9%) 43 (30%) 32 (22%) 3 (2%) 1 (0.7%) 1 (0.7%) 58 (63%) 1.84 1.1 $74,070 6.51 Timboroa (GB) 45 16 (36%) 6 (13%) 5 (11%) 1 (2%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 1 (9%) 0.79 0.88 $14,659 7.21 Tomba (GB) 80 58 (73%) 14 (18%) 7 (9%) 7 (9%) 9 (11%) 0 (0%) 0 (0%) 0 (0%) 9 (23%) 0.38 0.68 $8,249 6.58 Traditionally 118 90 (76%) 35 (30%) 15 (13%) 21 (18%) 5 (4%) 1 (1%) 1 (0.8%) 0 (0%) 12 (26%) 0.6 1.35 $11,742 7.70 Trans Island (GB) 207 156 (75%) 85 (41%) 41 (20%) 55 (27%) 31 (15%) 3 (1%) 0 (0%) 0 (0%) 42 (40%) 0.89 0.96 $24,245 7.14 True Brave 161 72 (45%) 15 (9%) 2 (1%) 10 (6%) 9 (6%) 0 (0%) 0 (0%) 0 (0%) 1 (7%) 0.5 0.5 $9,335 10.59 Turtle Island (IRE) 672 339 (50%) 203 (30%) 73 (11%) 122 (18%) 112 (17%) 15 (2%) 7 (1%) 1 (0.1%) 34 (21%) 0.9 1.11 $25,697 7.49 Victory Note 297 223 (75%) 119 (40%) 39 (13%) 71 (24%) 60 (20%) 6 (2%) 4 (1.3%) 0 (0%) 37 (31%) 0.73 0.96 $22,854 7.19 Waky Nao (GB) 155 120 (77%) 74 (48%) 6 (4%) 37 (24%) 55 (35%) 5 (3%) 2 (1.3%) 0 (0%) 8 (20%) 1.01 1.13 $22,805 8.38 Winged Love (IRE) 269 156 (58%) 107 (40%) 18 (7%) 65 (24%) 74 (28%) 6 (2%) 4 (1.5%) 0 (0%) 25 (32%) 0.93 1.25 $22,307 9.67 marketwatch.bloodhorse.com / 11 2-Year-Olds in Training Preview By Eric Mitchell

Bracing for A Fall

o one seems to be wondering whether the 2-year-olds in train- in training sales (see the chart below). The ROR for those juveniles Ning sale season will be down this year. The question instead is that are pinhooked could drop to around 25% from 38% last year. how far down. If buyers are even more selective than usual and demand weakens Poor results from the fall and winter sales of 2008 are not further for the middle- and lower-market horses, then the worst-case encouraging. The rate of return (ROR) on weanling-to-yearling pin- scenario is a drop of 15% to $69,140, and the ROR for pinhooked hooks fell nine percentage points between 2007 and 2008, dropping horses would drop to around 21%. from a losing 2% in 2007 to a losing 11% this year. At the Keeneland Tom Ventura, general manager of the Ocala Breeders’ Sales Co., September Yearling sale, the average price for all yearlings was is expecting a market correction, but he isn’t expecting a major down 10.2% (to an average of $90,985) and down 12.4% for the correction. select yearlings (to $377,857). Because Keeneland September’s select “The economy will have an impact,” Ventura said. “But the sessions took place prior to Sept. 15 when the once-prestigious 2-year-old sales are a bit different than the others. We are selling to investment bank Lehman Brothers declared bankruptcy, it might be the end-user. These horses are going to the racetrack.” He said this assumed that 12% was a legitimate decline for the North American makes a big difference in how the buyers assess these horses’ value. yearling market. The mid-September U.S. financial crisis that shook “It’s based on how much they can earn at the racetrack,” markets worldwide meant more bad news for the Keeneland Ventura said. “The purses in Pennsylvania and Louisiana have November Breeding Stock sale, where the average price of wean- picked up. Now you have New York on the verge of instituting slots, lings fell 20.5% to $48,544, and the average price of broodmares and we’re making progress between the ADWs (advanced deposit dropped 48.5% to $64,695. wagering companies) and the horsemen. I think there is a lot to be These grim results do offer a glimmer of hope for the 2-year-old positive about.” sales. The horses that were the farthest removed from the racetrack OBS is also in a unique position among the country’s major were the ones that experienced the greatest decline in average price. juvenile sales. The Ocala, Fla.-based company could watch the aver- Broodmares, the “factories” of the Thoroughbred business, saw the age price drop 15% at its select sales on Feb. 17 and on March 17-18 greatest decline in average price. Weanlings fared slightly better and and still see growth. OBS’ February and March sales of 2008 were the yearlings a bit better still. The closer a young horse is to racing the only sales among the eight major sales to report double-digit age, the less risk and expense an owner assumes. If the yearling growth in both average price and median. The average price at the market was down 12% prior to the collapse of the global markets, February sale increased 17.9% to $157,640 and the median jumped then it would be reasonable to assume that the decline in the 2-year- 25% to $125,000. In March the average grew an amazing 36.6% to olds overall will be 7-10% and probably a bit more to account for $143,262 and the median increased 22% to $100,000. the greater financial uncertainty of the times. “We are coming off a year with dramatic increases for our first A 12% decline would mean the collective average price falls to two sales,” Ventura said. “If we can come close to those numbers, $71,580 from $81,340 for eight of the country’s major 2-year-olds we’ll be fine.” m 2-Year-Olds in Training Sales Overview Sold 2008 Sold 2007 2008 2007 % Chg 2008 2007 % Chg 2008 2007 Sale (% Buybacks) (% Buybacks) % Chg Avg. Avg. 07-08 Median Median 07-08 Gross Gross % Chg OBSFEB 89 (28%) 96 (30%) -7.3% $157,640 $133,656 17.9% $125,000 $100,000 25.0% $14,030,000 $12,831,000 9.3% FTFFEB 102 (40%) 124 (41%) -17.7% $344,118 $351,790 -2.2% $230,000 $250,000 -8.0% $35,100,000 $43,622,000 -19.5% BARMAR 73 (45%) 88 (41%) -17.0% $178,027 $219,773 -19.0% $110,000 $147,500 -25.4% $12,996,000 $19,340,000 -32.8% OBSMAR 233 (32%) 253 (33%) -7.9% $143,262 $104,905 36.6% $100,000 $82,000 22.0% $33,380,000 $26,541,000 25.8% KEEAPR 77 (38%) 82 (47%) -6.1% $211,675 $202,890 4.3% $150,000 $155,000 -3.2% $16,299,000 $16,637,000 -2.0% OBSAPR 771 (28%) 786 (28%) -1.9% $29,275 $28,878 1.4% $18,000 $17,000 5.9% $22,571,000 $22,698,400 -0.6% BARMAY 146 (34%) 181 (32%) -19.3% $53,516 $62,604 -14.5% $24,500 $25,000 -2.0% $7,813,400 $11,331,300 -31.0% OBSJUN 352 (18%) 308 (32%) 14.3% $21,934 $22,061 -0.6% $13,000 $14,000 -7.1% $7,720,700 $6,794,900 13.6% Totals 1,843 (30%) 1,918 (33%) -3.9% $81,340 $83,314 -2.4% $27,000 $30,000 -10.0% $149,910,100 $159,795,600 -6.2%

Racing Data for 2-Year-Olds in Training Sales, 2001-2005 Avg. No. Sold Avg. 2yo Rnrs 2yo Wnrs 2yo SW Rnrs Wnrs SW GSW Earnings Sale Offered (% Off.) Price (% Sold) (% Sold) (% Sold) (% Sold) (% Sold) (% Sold) (% Sold) per Rnr OBSFEB 856 588 (69%) 119,194 412 (70%) 198 (34%) 32 (5.4%) 553 (94%) 467 (79%) 79 (13%) 24 (4.1%) $97,208 FTFFEB 1,227 703 (57%) 253,855 425 (60%) 208 (30%) 27 (3.8%) 657 (93%) 547 (78%) 79 (11%) 40 (5.7%) $90,857 BARMAR 696 402 (58%) 152,991 256 (64%) 106 (26%) 16 (4%) 366 (91%) 282 (70%) 45 (11%) 17 (4.2%) $77,652 OBSMAR 1,916 1,257 (66%) 77,205 809 (64%) 356 (28%) 37 (2.9%) 1148 (91%) 959 (76%) 111 (9%) 35 (2.8%) $88,262 KEEAPR 881 527 (60%) 176,736 294 (56%) 95 (18%) 9 (1.7%) 496 (94%) 378 (72%) 43 (8%) 18 (3.4%) $61,927 OBSAPR 4,987 3,610 (72%) 25,901 2,337 (65%) 995 (28%) 54 (1.5%) 3,283 (91%) 2,627 (73%) 170 (5%) 54 (1.5%) $55,432 BARMAY 1,320 1,007 (76%) 32,525 499 (50%) 171 (17%) 15 (1.5%) 857 (85%) 608 (60%) 43 (4%) 5 (0.5%) $43,650 OBSJUN 1,828 1,334 (73%) 19,517 679 (51%) 196 (15%) 3 (0.2%) 1,162 (87%) 873 (65%) 32 (2%) 11 (0.8%) $38,572 Totals 13,711 9,428 (69%) 69,212 5,711 (61%) 2,325 (25%) 193 (2%) 8,522 (90%) 6,741 (71%) 602 (6%) 204 (2.2%) $63,145

12 / marketwatch.bloodhorse.com Leading Juvenile Consignors, 2001-2005* By Average Price By % Stakes Winners By No. Stakes Horses

$100k+ Consignor SW (% Off.) Consignor SH (% Off.) Avg. Price Median Earners Clear Creek Stud 6 (17.1%) Consignor (No. Sold) Price (% Off.) Moonshadow Farm, agt. 79 (19%) Hill 'n' Dale Sales Agency, agt. 3 (15.8%) M.W. Miller III, agt. $504,864 (22) $322,500 8 (21%) Nick de Meric, agt. 77 (16%) Bloodstock Management 3 (15.0%) Murray Smith, agt. $219,068 (59) $140,000 19 (23%) Niall Brennan Stables, agt. 72 (14%) B.C.3. Thoroughbreds, agt. 12 (14.5%) William B. Harrigan, agt. $212,138 (29) $150,000 6 (13%) Bridlewood Farm 16 (14.3%) Robert N. Scanlon, agt. 67 (17%) Hoby and Layna Kight, agts. $192,899 (69) $100,000 16 (19%) Mayberry Farm, agt. 8 (13.6%) Sequel Bloodstock, agt. 66 (24%) Chapman Farms $172,981 (42) $42,500 13 (15%) Sequel Bloodstock, agt. 37 (13.5%) Eddie Woods, agt. 65 (13%) Jerry Bailey Sales Agency, agt. $153,859 (110) $96,250 23 (14%) Murray Smith, agt. 11 (13.1%) Ocala Stud Farms 57 (18%) Robert N. Scanlon, agt. $151,771 (259) $80,000 86 (21%) Asmussen Horse Center, agt. 22 (12.7%) Farnsworth Farms, agt. 56 (14%) Sequel Bloodstock, agt. $147,532 (196) $82,500 72 (26%) W.D. North 3 (12.5%) H.T. Stables, agt. $140,990 (101) $80,000 26 (17%) Bill Reightler, agt. 4 (12.5%) M&H Training and Sales, agt. 56 (12%) Don Graham/Ocala Oaks $138,281 (32) $80,000 9 (23%) LOR Stables 3 (12.5%) Adena Springs 53 (17%) By Average Earnings By No. Graded SW By No. Grade 1 SW Avg. Runners Winners GSWs G1SWs Consignor Earnings (% Off.) (% Off.) Consignor (% Off.) Consignor (% Off.) Mike Neatherlin, agent $160,001 26 (87%) 22 (73%) Niall Brennan Stables, agt. 19 (3.7%) Robert N. Scanlon, agt. 6 (1.5%) Bridlewood Farm $145,635 108 (96%) 90 (80%) Robert N. Scanlon, agt. 17 (4.2%) Eddie Woods, agt. 5 (1.0%) Solitary Oak Farm, agt. 5 (2.0%) Equine Prep, agent $138,745 24 (89%) 16 (59%) Eddie Woods, agt. 17 (3.4%) Niall Brennan Stables, agt. 4 (0.8%) Blazing Meadows Farm $135,932 26 (90%) 23 (79%) Nick de Meric, agt. 12 (2.5%) Nick de Meric, agt. 4 (0.8%) Hill 'n' Dale Sales Agency, agt. $129,637 16 (84%) 13 (68%) Sequel Bloodstock, agt. 12 (4.4%) Ocala Stud Farms 4 (1.2%) Azpurua Stable, agent $127,202 28 (97%) 20 (69%) Leprechaun Racing, agt. 4 (1.4%) M&H Training and Sales, agt. 9 (1.9%) W.D. North $118,955 22 (92%) 17 (71%) Cardinal Hill Farm, agt. 4 (4.2%) Adena Springs 9 (2.8%) Bloodstock Management $109,328 18 (90%) 12 (60%) M&H Training and Sales, agt. 3 (0.6%) Bridlewood Farm 3 (2.7%) Adena Springs $105,974 277 (86%) 220 (69%) Solitary Oak Farm, agt. 9 (3.7%) Robert McElroy, agt. 3 (3.6%) Ocala Stud Farms 8 (2.5%) Solitary Oak Farm, agent $104,236 217 (89%) 167 (68%) AbraCadabra Farms, agt. 3 (2.8%) True South, agent $102,895 26 (90%) 23 (79%) Eisaman Equine, agt. 8 (2.5%) Azpurua Stable, agt. 3 (10.3%) *Consignors with 18 or more offered. Leading Juvenile Buyers, 2001-2005* By Average Earnings By % Stakes Winners Bought By No. of $100,000+ Earners

E > P SW SH $100k Buyer Avg. Earnings Avg. Price (No. Bght) Buyer (% Bght) (% Bght) Earners Buyer (% Bght) AEI Demi O'Byrne 12 (43%) 15 (54%) Merry, Newmarket, & Meehan $468,873 $213,182 2 (11) Buzz Chace, agent 22 (28%) 2.01 Demi O'Byrne $275,432 $969,821 2 (28) Todd A. Pletcher, agent 4 (33%) 8 (67%) Mike Gill 21 (39%) 1.97 Evelyn Pollard $230,040 $148,182 2 (11) John Fort 4 (31%) 5 (38%) Dogwood Stable 20 (28%) 1.82 Brian Morgan, agent 18 (40%) 2.28 The Thoroughbred Corp. $226,725 $485,455 5 (22) Jose Pinchin 4 (31%) 4 (31%) Demi O'Byrne 16 (57%) 6.23 The Thoroughbred Corp. 6 (27%) 9 (41%) John Sadler, agent $202,040 $159,214 6 (14) Puglisi Stables 16 (35%) 2.89 Wallace Dollase, agent $196,386 $147,846 2 (13) Greg Gilchrist 3 (27%) 3 (27%) Joseph Brocklebank, agt. 16 (21%) 2.02 John C. Kimmel, agent $190,787 $174,167 1 (18) Jim Lewis 3 (27%) 5 (45%) Gary Contessa 15 (22%) 2.40 Robert & Beverly Lewis 14 (33%) 2.59 B. Wayne Hughes $186,953 $326,364 4 (22) Jerry Hollendorfer 6 (23%) 9 (35%) B. Wayne Hughes 13 (59%) 3.75 Jim Lewis $185,982 $60,909 9 (11) John C. Oxley 5 (23%) 7 (32%) Robert Wilson 13 (38%) 2.00 Michael Machowsky, agent $183,298 $94,306 10 (18) Brian Koriner 7 (22%) 8 (25%) DJ Stable

By Gross Purchases By % GSW Winners Bought By % G1SW Winners Bought

No. GSW G1SW Buyer Total Paid Bought Avg. Price Buyer (% Bght) Buyer (% Bght) Demi O'Byrne 4 (14.3%) Demi O'Byrne $27,155,000 28 $969,821 Demi O'Byrne 10 (35.7%) The Thoroughbred Corp. 2 (9.1%) Robert B. and Beverly J. Lewis $18,005,000 43 $418,721 The Thoroughbred Corp. 5 (22.7%) Evelyn Pollard 1 (9.1%) John Ferguson $16,765,000 23 $728,913 Wendell N. Kangaloo 2 (16.7%) Merry, Newmarket, and Meehan 1 (9.1%) E. Paul Robsham 2 (15.4%) Buzz Chace, agent $11,283,000 78 $144,654 Abelardo Dauhajre 1 (9.1%) Christopher Paasch, agent 2 (15.4%) The Thoroughbred Corp. $10,680,000 22 $485,455 Trinity Farms 3 (8.8%) Trinity Farms 5 (14.7%) Fusao Sekiguchi $8,660,000 12 $721,667 Wendell N. Kangaloo 1 (8.3%) John C. Oxley 3 (13.6%) Puglisi Stables $8,202,000 46 $178,304 E. Paul Robsham 1 (7.7%) B. Wayne Hughes 3 (13.6%) Christopher Paasch, agent 1 (7.7%) Mike Gill $7,668,000 54 $142,000 Tomoka Hills Farms 2 (13.3%) Wallace Dollase, agent 1 (7.7%) B. Wayne Hughes $7,180,000 22 $326,364 Robert B. and Beverly J. Lewis 5 (11.6%) Hamdeleu Stable 1 (7.7%) Dogwood Stable $7,108,000 72 $98,722 Jerry Hollendorfer 3 (11.5%) Juan Luna 1 (7.7%) *Buyers with 11 or more bought. marketwatch.bloodhorse.com / 13 2-Year-Olds in Training Consignors, 2001-2005 The table below lists consignors that offered 18 or more 2-year-olds at North American sales from 2001 through 2005. The information shows the number of horses offered, the number sold, average purchase price, average earnings per runner, number of horses to earn more than their purchase price (E>P), runners, winners, 2-year-old winners, stakes winners, graded stakes winners, grade I stakes winners, horses to earn $100,000 or more, Average Earnings Index (AEI), and average starts per runner. Racing statistics are from North America, Europe, UAE, Japan (JRA only), and Hong Kong. Earnings from other countries may be incomplete. Earnings from Japan and Hong Kong are NOT included. The percentages for each category are derived from number of 2-year-olds offered. All statistics except average price include horses that did not meet their reserve price. Racing statistics are through Jan. 13,2-Year-Olds 2009. in Training Consignors, 2001-2005 No. No. Avg. Avg. Rnrs Wnrs 2yo Wnrs SW GSW GISW $100k+ Avg. Consignor Offered Sold Price Earnings E>P (% Off.) (% Off.) (% Off.) (% Off.) (% Off.) (% Off.) Earners AEI Starts Abbie Road Farm, agt. 34 21 $23,662 $34,357 15 33 (97%) 27 (79%) 8 (24%) 0 (0%) 0 (0%) 0 (0%) 2 (6%) 0.68 23 AbraCadabra Farms, agt. 107 69 $58,967 $72,751 28 98 (92%) 81 (76%) 25 (23%) 8 (7.5%) 3 (2.8%) 3 (2.8%) 19 (18%) 1.56 20 Adena Springs 321 205 $44,083 $105,974 122 277 (86%) 220 (69%) 50 (16%) 27 (8.4%) 9 (2.8%) 1 (0.3%) 88 (27%) 2.01 19 Mike Akoury Jr., agt. 28 18 $29,178 $39,259 10 26 (93%) 20 (71%) 6 (21%) 1 (3.6%) 0 (0%) 0 (0%) 5 (18%) 0.94 22 Alidan Bloodstock, agt. 34 17 $50,247 $43,158 8 32 (94%) 22 (65%) 8 (24%) 1 (2.9%) 0 (0%) 0 (0%) 5 (15%) 0.99 20 American Breeders Farm, agt. 43 29 $12,776 $28,029 14 38 (88%) 23 (53%) 11 (26%) 0 (0%) 0 (0%) 0 (0%) 2 (5%) 0.78 20 Another Episode Farm, agt. 64 29 $19,934 $48,703 13 60 (94%) 49 (77%) 12 (19%) 4 (6.3%) 2 (3.1%) 0 (0%) 6 (9%) 1.1 20 Arnold Farms 18 8 $4,525 $39,541 6 14 (78%) 10 (56%) 1 (6%) 0 (0%) 0 (0%) 0 (0%) 2 (11%) 0.84 21 Asmussen Horse Center, agt. 173 86 $42,237 $57,259 32 161 (93%) 129 (75%) 66 (38%) 22 (12.7%) 0 (0%) 0 (0%) 35 (20%) 1.21 19 Azpurua Stable, agt. 29 17 $16,888 $127,202 6 28 (97%) 20 (69%) 4 (14%) 3 (10.3%) 3 (10.3%) 3 (10.3%) 3 (10%) 3.03 19 B.C.3. Thoroughbreds, agt. 83 66 $44,439 $87,498 19 67 (81%) 51 (61%) 26 (31%) 12 (14.5%) 2 (2.4%) 2 (2.4%) 13 (16%) 2.02 14 Jerry Bailey Sales Agency, agt. 162 110 $153,859 $68,174 20 142 (88%) 111 (69%) 30 (19%) 11 (6.8%) 3 (1.9%) 2 (1.2%) 23 (14%) 1.68 16 Bay Grove Farm, agt. 21 16 $21,481 $77,108 13 19 (90%) 15 (71%) 9 (43%) 2 (9.5%) 1 (4.8%) 1 (4.8%) 4 (19%) 1.74 19 Be Brave, agt. 18 14 $38,907 $33,327 6 18 (100%) 9 (50%) 2 (11%) 2 (11.1%) 0 (0%) 0 (0%) 2 (11%) 0.93 11 Benchmark Training Center, agt. 99 52 $16,502 $41,713 33 91 (92%) 71 (72%) 35 (35%) 7 (7.1%) 1 (1%) 0 (0%) 11 (11%) 0.94 17 Birkdale Farm, agt. 45 28 $9,171 $21,019 13 42 (93%) 29 (64%) 5 (11%) 0 (0%) 0 (0%) 0 (0%) 1 (2%) 0.54 25 Blazing Meadows Farm 29 16 $38,588 $135,932 8 26 (90%) 23 (79%) 13 (45%) 1 (3.4%) 1 (3.4%) 1 (3.4%) 3 (10%) 3.06 24 Bloodstock Management 20 9 $31,111 $109,328 6 18 (90%) 12 (60%) 7 (35%) 3 (15%) 1 (5%) 1 (5%) 4 (20%) 2.17 19 Blue Sky Training Center, agt. 64 29 $8,731 $15,715 9 45 (70%) 26 (41%) 3 (5%) 1 (1.6%) 0 (0%) 0 (0%) 1 (2%) 0.39 14 Tony Bowling & Bobby Dodd, agts. 164 111 $134,867 $73,322 34 144 (88%) 118 (72%) 30 (18%) 8 (4.9%) 2 (1.2%) 1 (0.6%) 27 (16%) 1.38 18 Mark Bowling, agt. 37 27 $15,056 $49,806 18 34 (92%) 25 (68%) 8 (22%) 2 (5.4%) 0 (0%) 0 (0%) 5 (14%) 1.07 21 Niall Brennan Stables, agt. 520 376 $121,373 $70,598 150 487 (94%) 397 (76%) 119 (23%) 38 (7.3%) 19 (3.7%) 4 (0.8%) 97 (19%) 1.49 20 Bridlewood Farm 112 66 $69,250 $145,635 37 108 (96%) 90 (80%) 36 (32%) 16 (14.3%) 6 (5.4%) 3 (2.7%) 35 (31%) 2.72 20 Brown's Thoroughbred Farm 30 14 $7,814 $31,914 7 28 (93%) 13 (43%) 1 (3%) 1 (3.3%) 0 (0%) 0 (0%) 3 (10%) 0.82 12 Donna M. Burnham, agt. 21 14 $12,907 $31,023 5 20 (95%) 13 (62%) 4 (19%) 0 (0%) 0 (0%) 0 (0%) 1 (5%) 0.7 17 Cameron Training Centre, agt. 19 15 $14,453 $66,850 6 14 (74%) 7 (37%) 2 (11%) 1 (5.3%) 1 (5.3%) 0 (0%) 2 (11%) 1.71 13 Paula Capestro Bloodstock, agt. 26 10 $128,700 $40,933 0 24 (92%) 17 (65%) 4 (15%) 2 (7.7%) 0 (0%) 0 (0%) 3 (12%) 0.98 13 Cardiff Stud Farms, agt. 21 21 $10,995 $44,064 11 17 (81%) 11 (52%) 2 (10%) 0 (0%) 0 (0%) 0 (0%) 2 (10%) 1 19 Cardinal Hill Farm, agt. 96 60 $59,962 $65,578 30 91 (95%) 75 (78%) 31 (32%) 9 (9.4%) 5 (5.2%) 4 (4.2%) 18 (19%) 1.3 24 Carolina Bloodstock, agt. 23 12 $14,850 $32,660 6 23 (100%) 13 (57%) 4 (17%) 0 (0%) 0 (0%) 0 (0%) 3 (13%) 0.68 20 Webb Carroll, agt. 67 45 $22,789 $49,374 26 65 (97%) 45 (67%) 11 (16%) 2 (3%) 0 (0%) 0 (0%) 9 (13%) 1.07 20 Cashel Stud, agt. 20 14 $47,193 $47,430 7 17 (85%) 11 (55%) 3 (15%) 0 (0%) 0 (0%) 0 (0%) 3 (15%) 0.91 21 Cashmark Farm, agt. 37 30 $24,513 $40,028 13 34 (92%) 23 (62%) 13 (35%) 3 (8.1%) 0 (0%) 0 (0%) 7 (19%) 0.99 14 Center Stage Farm, Darcy Scudero 28 19 $10,216 $18,368 10 24 (86%) 16 (57%) 2 (7%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.52 14 Champion Racing Stable, agt. 90 47 $13,866 $19,512 16 77 (86%) 51 (57%) 13 (14%) 1 (1.1%) 0 (0%) 0 (0%) 2 (2%) 0.49 17 Chapman Farms 86 42 $172,981 $98,369 13 78 (91%) 64 (74%) 29 (34%) 9 (10.5%) 4 (4.7%) 1 (1.2%) 13 (15%) 1.73 19 Circle D Thoroughbreds 67 53 $16,177 $37,389 26 56 (84%) 43 (64%) 8 (12%) 3 (4.5%) 2 (3%) 0 (0%) 4 (6%) 0.91 19 Classic Bloodstock, agt. 120 94 $38,711 $92,531 48 112 (93%) 87 (73%) 26 (22%) 4 (3.3%) 1 (0.8%) 1 (0.8%) 15 (13%) 1.61 20 Classic Quarter Farm, agt. 25 17 $12,788 $24,136 6 24 (96%) 15 (60%) 2 (8%) 0 (0%) 0 (0%) 0 (0%) 1 (4%) 0.5 18 Clear Creek Farm, agt. 60 42 $26,136 $29,282 11 46 (77%) 34 (57%) 3 (5%) 3 (5%) 1 (1.7%) 0 (0%) 3 (5%) 0.72 14 Clear Creek Stud 35 15 $14,173 $72,699 13 33 (94%) 30 (86%) 15 (43%) 6 (17.1%) 0 (0%) 0 (0%) 10 (29%) 1.35 22 Clouston Farm 28 16 $17,219 $40,131 7 26 (93%) 20 (71%) 6 (21%) 2 (7.1%) 2 (7.1%) 2 (7.1%) 3 (11%) 0.89 20 Cloverleaf Farms II, agt. 35 30 $39,337 $47,491 10 30 (86%) 21 (60%) 8 (23%) 2 (5.7%) 0 (0%) 0 (0%) 4 (11%) 1.2 16 Cool Hill Farm, agt. 21 15 $16,667 $39,125 7 17 (81%) 15 (71%) 1 (5%) 0 (0%) 0 (0%) 0 (0%) 1 (5%) 0.79 25 Costanzo Sales 34 22 $67,041 $61,530 7 33 (97%) 25 (74%) 11 (32%) 2 (5.9%) 0 (0%) 0 (0%) 6 (18%) 1.34 18 Bobby D. Cox 20 14 $4,329 $14,250 4 14 (70%) 6 (30%) 1 (5%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.36 14 Ben Craft, agt. 39 35 $24,420 $23,762 7 28 (72%) 17 (44%) 5 (13%) 0 (0%) 0 (0%) 0 (0%) 2 (5%) 0.66 11 Creston Farms, agt. 59 40 $19,063 $42,853 14 45 (76%) 29 (49%) 9 (15%) 3 (5.1%) 0 (0%) 0 (0%) 7 (12%) 1.19 14 Crupi's New Castle Farm, agt. 130 100 $84,899 $85,328 39 112 (86%) 98 (75%) 33 (25%) 6 (4.6%) 3 (2.3%) 1 (0.8%) 20 (15%) 1.8 20 Crystal Eclipse Stable, agt. 46 33 $28,573 $60,302 16 42 (91%) 30 (65%) 14 (30%) 4 (8.7%) 0 (0%) 0 (0%) 8 (17%) 1.34 20 Robert Cunningham, agt. 31 17 $35,471 $56,372 14 29 (94%) 23 (74%) 3 (10%) 1 (3.2%) 0 (0%) 0 (0%) 4 (13%) 1.14 21 Nick de Meric, agt. 483 385 $74,633 $72,575 146 453 (94%) 362 (75%) 106 (22%) 36 (7.5%) 12 (2.5%) 4 (0.8%) 96 (20%) 1.55 20 Bruno DeBerdt, agt. 57 45 $24,020 $34,809 22 52 (91%) 36 (63%) 9 (16%) 3 (5.3%) 0 (0%) 0 (0%) 7 (12%) 0.84 16 Peggy S. Dellheim, agt. 34 23 $9,922 $23,509 13 28 (82%) 20 (59%) 5 (15%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.64 15 Diamond D Ranch, agt. 37 26 $6,823 $44,180 21 34 (92%) 25 (68%) 12 (32%) 2 (5.4%) 0 (0%) 0 (0%) 3 (8%) 0.88 23 Gabriel Dixon, agt. 96 64 $68,464 $78,685 27 91 (95%) 73 (76%) 21 (22%) 6 (6.3%) 3 (3.1%) 1 (1%) 21 (22%) 1.62 21 Double R 74 51 $17,763 $56,234 27 69 (93%) 53 (72%) 14 (19%) 2 (2.7%) 0 (0%) 0 (0%) 11 (15%) 1.14 23 DSB Stable, agt. 29 15 $49,867 $61,073 3 26 (90%) 18 (62%) 2 (7%) 2 (6.9%) 1 (3.4%) 0 (0%) 4 (14%) 1.5 16 Eisaman Equine, agt. 323 273 $73,905 $74,410 108 298 (92%) 249 (77%) 80 (25%) 24 (7.4%) 8 (2.5%) 2 (0.6%) 58 (18%) 1.5 21 Equine Legacy Farm, agt. 165 125 $59,468 $49,251 39 145 (88%) 112 (68%) 27 (16%) 5 (3%) 2 (1.2%) 0 (0%) 20 (12%) 1.12 19 Equine Prep, agt. 27 17 $109,353 $138,745 5 24 (89%) 16 (59%) 7 (26%) 2 (7.4%) 1 (3.7%) 1 (3.7%) 6 (22%) 3.05 15 Farnsworth Farms, agt. 405 295 $33,997 $72,671 184 386 (95%) 335 (83%) 172 (42%) 29 (7.2%) 4 (1%) 0 (0%) 91 (22%) 1.4 29 John Fennessy Stables, agt. 70 53 $14,587 $31,488 29 63 (90%) 41 (59%) 14 (20%) 1 (1.4%) 0 (0%) 0 (0%) 4 (6%) 0.79 19 Cary Frommer, agt. 47 31 $103,903 $53,867 9 42 (89%) 35 (74%) 7 (15%) 2 (4.3%) 0 (0%) 0 (0%) 6 (13%) 1.13 21 GAB Secret Acres, agt. 22 15 $4,967 $46,772 12 18 (82%) 14 (64%) 5 (23%) 0 (0%) 0 (0%) 0 (0%) 3 (14%) 0.88 27 Francisco Gardea 19 12 $13,183 $39,389 5 16 (84%) 12 (63%) 7 (37%) 0 (0%) 0 (0%) 0 (0%) 3 (16%) 0.79 23 Getaway Thoroughbred Farms 19 19 $1,603 $33,582 7 10 (53%) 6 (32%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 1 (5%) 0.76 23

14 / marketwatch.bloodhorse.com 2-Year-Olds in Training Consignors, 2001-2005 No. No. Avg. Avg. Rnrs Wnrs 2yo Wnrs SW GSW GISW $100k+ Avg. Consignor Offered Sold Price Earnings E>P (% Off.) (% Off.) (% Off.) (% Off.) (% Off.) (% Off.) Earners AEI Starts Glenmalure Farm, agt. 24 16 $13,350 $31,669 6 21 (88%) 14 (58%) 6 (25%) 1 (4.2%) 0 (0%) 0 (0%) 2 (8%) 0.75 23 Gold Crest Farm, agt. 78 43 $31,640 $48,152 25 74 (95%) 64 (82%) 27 (35%) 4 (5.1%) 1 (1.3%) 1 (1.3%) 10 (13%) 1.08 20 Golden Eagle Farm 36 35 $39,057 $78,647 19 30 (83%) 23 (64%) 7 (19%) 1 (2.8%) 1 (2.8%) 0 (0%) 6 (17%) 1.85 14 Golden Wagon Farm 45 41 $11,420 $32,238 22 41 (91%) 26 (58%) 13 (29%) 1 (2.2%) 1 (2.2%) 0 (0%) 4 (9%) 0.83 20 Grace Full Oaks, agt. 24 19 $28,447 $54,815 10 22 (92%) 20 (83%) 4 (17%) 2 (8.3%) 0 (0%) 0 (0%) 3 (13%) 1.02 21 Don R. Graham and Ocala Oaks 39 32 $138,281 $71,092 6 34 (87%) 27 (69%) 8 (21%) 3 (7.7%) 2 (5.1%) 0 (0%) 9 (23%) 1.64 16 H & H Equine, agt. 89 71 $44,703 $50,687 30 82 (92%) 67 (75%) 22 (25%) 4 (4.5%) 0 (0%) 0 (0%) 15 (17%) 1.16 19 H.T. Stables, agt. 157 101 $140,990 $76,777 33 147 (94%) 125 (80%) 40 (25%) 13 (8.3%) 4 (2.5%) 2 (1.3%) 26 (17%) 1.69 18 Halcyon Hammock Farm, agt. 181 145 $38,415 $42,631 60 163 (90%) 139 (77%) 48 (27%) 3 (1.7%) 1 (0.6%) 0 (0%) 20 (11%) 0.95 21 William B. Harrigan, agt. 48 29 $212,138 $61,933 4 46 (96%) 33 (69%) 10 (21%) 3 (6.3%) 1 (2.1%) 0 (0%) 6 (13%) 1.15 18 Robert Harris, agt. 175 126 $70,279 $53,319 47 157 (90%) 123 (70%) 40 (23%) 8 (4.6%) 4 (2.3%) 0 (0%) 25 (14%) 1.36 18 Hartley/De Renzo Thoroughbreds, agt. 239 188 $102,332 $64,995 68 223 (93%) 175 (73%) 51 (21%) 11 (4.6%) 6 (2.5%) 1 (0.4%) 38 (16%) 1.4 19 Havens Bloodstock Agency, agt. 406 324 $26,475 $37,297 109 320 (79%) 208 (51%) 60 (15%) 19 (4.7%) 4 (1%) 1 (0.2%) 29 (7%) 0.88 15 Laura Helmbrecht, agt. 19 12 $9,833 $53,052 7 16 (84%) 10 (53%) 5 (26%) 1 (5.3%) 0 (0%) 0 (0%) 4 (21%) 1.13 20 Sam Hendricks, agt. 64 57 $37,481 $38,310 18 52 (81%) 36 (56%) 3 (5%) 1 (1.6%) 0 (0%) 0 (0%) 7 (11%) 0.94 15 Hideaway Farms, agt. 20 17 $4,524 $7,589 7 11 (55%) 5 (25%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.22 11 Hill 'n' Dale Sales Agency, agt. 19 7 $26,450 $129,637 5 16 (84%) 13 (68%) 7 (37%) 3 (15.8%) 0 (0%) 0 (0%) 4 (21%) 2.09 23 Richard G. Hogan, agt. 28 15 $19,245 $98,489 11 23 (82%) 21 (75%) 7 (25%) 3 (10.7%) 0 (0%) 0 (0%) 8 (29%) 1.63 22 Hoppel's Horse & Cattle Co., agt. 57 48 $32,317 $62,499 22 50 (88%) 38 (67%) 17 (30%) 4 (7%) 2 (3.5%) 0 (0%) 10 (18%) 1.47 17 Horizon Bloodstock 21 15 $45,400 $56,454 6 20 (95%) 15 (71%) 3 (14%) 1 (4.8%) 0 (0%) 0 (0%) 3 (14%) 1.34 21 Horses of Course, agt. 27 22 $10,232 $27,860 8 17 (63%) 13 (48%) 6 (22%) 0 (0%) 0 (0%) 0 (0%) 2 (7%) 0.64 22 Sue Hubbard and Associates, agt. 26 21 $5,000 $29,945 8 16 (62%) 11 (42%) 4 (15%) 1 (3.8%) 0 (0%) 0 (0%) 2 (8%) 0.72 14 Melissa Hunt, agt. 53 45 $11,391 $24,330 19 43 (81%) 27 (51%) 8 (15%) 1 (1.9%) 0 (0%) 0 (0%) 1 (2%) 0.56 19 Indian Prairie Ranch, agt. 36 22 $47,932 $67,538 9 28 (78%) 25 (69%) 8 (22%) 3 (8.3%) 1 (2.8%) 0 (0%) 5 (14%) 1.47 20 Inside Move, agt. 34 18 $18,172 $42,166 12 32 (94%) 26 (76%) 13 (38%) 3 (8.8%) 0 (0%) 0 (0%) 3 (9%) 1.09 16 Irish Acres Farm, agt. 18 13 $10,169 $20,169 6 16 (89%) 12 (67%) 1 (6%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.57 18 Irish American Bloodhorse Agency 31 13 $10,692 $35,966 9 29 (94%) 24 (77%) 5 (16%) 0 (0%) 0 (0%) 0 (0%) 2 (6%) 0.74 21 J & C Training Stable, agt. 27 14 $30,407 $37,797 4 25 (93%) 19 (70%) 4 (15%) 1 (3.7%) 1 (3.7%) 0 (0%) 2 (7%) 0.95 22 Jockey Club Farm, agt. 120 71 $32,492 $40,969 37 110 (92%) 82 (68%) 29 (24%) 4 (3.3%) 1 (0.8%) 1 (0.8%) 10 (8%) 0.93 18 Hoby and Layna Kight, agts. 83 69 $192,899 $86,995 15 75 (90%) 61 (73%) 18 (22%) 8 (9.6%) 3 (3.6%) 2 (2.4%) 16 (19%) 1.88 16 Kings Equine, agt. 99 63 $53,937 $55,889 28 92 (93%) 75 (76%) 30 (30%) 6 (6.1%) 1 (1%) 0 (0%) 19 (19%) 1.33 16 Frank J. Kirby, agt. 27 22 $11,236 $41,556 8 23 (85%) 13 (48%) 2 (7%) 0 (0%) 0 (0%) 0 (0%) 3 (11%) 0.94 20 Kirkwood Stables, agt. 260 166 $129,358 $72,974 52 240 (92%) 179 (69%) 44 (17%) 24 (9.2%) 4 (1.5%) 0 (0%) 48 (18%) 1.41 19 Mary Knight, agt. 218 170 $24,201 $39,872 64 183 (84%) 126 (58%) 20 (9%) 6 (2.8%) 2 (0.9%) 0 (0%) 18 (8%) 0.98 16 Land of Oz 67 54 $12,611 $37,780 27 57 (85%) 41 (61%) 13 (19%) 2 (3%) 0 (0%) 0 (0%) 6 (9%) 0.88 21 James Layden, agt. 178 120 $33,947 $44,093 40 154 (87%) 104 (58%) 23 (13%) 6 (3.4%) 2 (1.1%) 0 (0%) 17 (10%) 1.03 16 Kenneth Lejeune, agt. 22 15 $32,833 $63,394 5 19 (86%) 15 (68%) 5 (23%) 2 (9.1%) 1 (4.5%) 1 (4.5%) 2 (9%) 1.4 25 Ricky Leppala, agt. 145 114 $79,180 $63,518 45 131 (90%) 104 (72%) 37 (26%) 9 (6.2%) 2 (1.4%) 0 (0%) 26 (18%) 1.29 22 Leprechaun Racing, agt. 285 216 $97,361 $70,453 60 252 (88%) 205 (72%) 80 (28%) 29 (10.2%) 7 (2.5%) 4 (1.4%) 47 (16%) 1.61 17 Litz Bloodstock Services, agt. 54 41 $9,759 $28,113 23 50 (93%) 32 (59%) 3 (6%) 2 (3.7%) 0 (0%) 0 (0%) 4 (7%) 0.7 16 Jessie and Stacy Longoria, agts. 91 53 $54,866 $48,347 22 78 (86%) 58 (64%) 16 (18%) 3 (3.3%) 1 (1.1%) 0 (0%) 5 (5%) 1.12 16 LOR Stables 24 21 $14,719 $53,398 15 23 (96%) 17 (71%) 6 (25%) 3 (12.5%) 0 (0%) 0 (0%) 4 (17%) 0.95 29 Lost Maple Stable, agt. 45 33 $11,927 $42,453 19 40 (89%) 26 (58%) 5 (11%) 1 (2.2%) 0 (0%) 0 (0%) 5 (11%) 0.99 20 Lov Acres Ranch 34 27 $28,774 $21,441 11 30 (88%) 20 (59%) 12 (35%) 1 (2.9%) 0 (0%) 0 (0%) 0 (0%) 0.58 12 Lovell Training Stable, agt. 33 22 $17,836 $40,449 13 30 (91%) 25 (76%) 12 (36%) 3 (9.1%) 0 (0%) 0 (0%) 5 (15%) 0.87 21 M&H Training and Sales, agt. 462 360 $41,802 $59,834 184 417 (90%) 330 (71%) 120 (26%) 27 (5.8%) 9 (1.9%) 3 (0.6%) 80 (17%) 1.35 19 Main Event, agt. 49 38 $25,179 $41,752 19 44 (90%) 36 (73%) 5 (10%) 3 (6.1%) 0 (0%) 0 (0%) 4 (8%) 0.87 18 Lynne Martin-Boutte, agt. 235 176 $20,470 $57,980 111 223 (95%) 189 (80%) 64 (27%) 11 (4.7%) 5 (2.1%) 1 (0.4%) 38 (16%) 1.22 23 Maximum Yield, agt. 47 20 $32,225 $47,242 11 42 (89%) 31 (66%) 8 (17%) 4 (8.5%) 0 (0%) 0 (0%) 6 (13%) 1.04 18 Mayberry Farm, agt. 59 31 $88,435 $61,042 8 58 (98%) 39 (66%) 10 (17%) 8 (13.6%) 2 (3.4%) 0 (0%) 9 (15%) 1.62 12 Tom McCrocklin, agt. 27 17 $60,218 $70,039 9 25 (93%) 21 (78%) 3 (11%) 0 (0%) 0 (0%) 0 (0%) 8 (30%) 1.39 22 Robert McElroy, agt. 84 65 $43,131 $51,083 27 77 (92%) 61 (73%) 15 (18%) 7 (8.3%) 6 (7.1%) 3 (3.6%) 12 (14%) 1.14 18 McKathan Farms, agt. 113 81 $23,377 $36,574 31 98 (87%) 69 (61%) 35 (31%) 1 (0.9%) 0 (0%) 0 (0%) 10 (9%) 0.94 16 Meadow Creek Ranch 19 9 $9,067 $22,504 3 15 (79%) 12 (63%) 2 (11%) 0 (0%) 0 (0%) 0 (0%) 1 (5%) 0.58 13 Mesa Verde Bloodstock, agt. 22 21 $34,571 $35,078 5 16 (73%) 13 (59%) 2 (9%) 0 (0%) 0 (0%) 0 (0%) 1 (5%) 0.81 15 Randy Miles, agt. 75 53 $50,253 $40,552 23 68 (91%) 43 (57%) 11 (15%) 0 (0%) 0 (0%) 0 (0%) 10 (13%) 1.04 15 Millennium Farms, agt. 22 4 $16,050 $28,188 2 17 (77%) 15 (68%) 6 (27%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.81 13 Miller Bloodstock, agt. 23 16 $50,281 $69,234 8 20 (87%) 17 (74%) 4 (17%) 2 (8.7%) 0 (0%) 0 (0%) 4 (17%) 1.35 23 M.W. Miller III, agt. 38 22 $504,864 $78,506 0 36 (95%) 26 (68%) 11 (29%) 2 (5.3%) 1 (2.6%) 0 (0%) 8 (21%) 1.77 13 Mirage Bloodstock, agt. 24 22 $31,986 $21,118 5 19 (79%) 12 (50%) 4 (17%) 0 (0%) 0 (0%) 0 (0%) 1 (4%) 0.6 13 Moonshadow Farm, agt. 420 323 $59,683 $84,073 169 399 (95%) 335 (80%) 136 (32%) 34 (8.1%) 6 (1.4%) 2 (0.5%) 102 (24%) 1.7 22 Myers Racing Stables 18 9 $11,556 $40,496 5 16 (89%) 8 (44%) 1 (6%) 1 (5.6%) 0 (0%) 0 (0%) 1 (6%) 0.86 20 Mike Neatherlin, agt. 30 20 $20,020 $160,001 9 26 (87%) 22 (73%) 2 (7%) 2 (6.7%) 1 (3.3%) 1 (3.3%) 4 (13%) 3.11 22 New Episode Training Center, agt. 106 76 $38,143 $78,914 41 98 (92%) 79 (75%) 24 (23%) 5 (4.7%) 3 (2.8%) 0 (0%) 19 (18%) 1.48 23 NexStar Ranch, agt. 50 33 $21,748 $80,319 16 43 (86%) 32 (64%) 6 (12%) 3 (6%) 0 (0%) 0 (0%) 8 (16%) 1.99 16 J.W. Nicholson 19 13 $12,208 $22,140 5 14 (74%) 11 (58%) 4 (21%) 0 (0%) 0 (0%) 0 (0%) 1 (5%) 0.46 21 W.D. North 24 23 $129,652 $118,955 10 22 (92%) 17 (71%) 8 (33%) 3 (12.5%) 1 (4.2%) 0 (0%) 8 (33%) 2.43 19 Ocala Oaks and Don R. Graham 18 9 $37,667 $68,925 3 14 (78%) 11 (61%) 6 (33%) 1 (5.6%) 0 (0%) 0 (0%) 2 (11%) 1.52 16 Ocala Stud Farms 325 300 $48,462 $78,935 163 292 (90%) 248 (76%) 109 (34%) 33 (10.2%) 8 (2.5%) 4 (1.2%) 70 (22%) 1.78 21 Old South Farm, agt. 75 62 $54,508 $60,399 25 72 (96%) 59 (79%) 16 (21%) 4 (5.3%) 0 (0%) 0 (0%) 18 (24%) 1.41 18 Terry Oliver, agt. 313 225 $84,068 $54,715 73 279 (89%) 236 (75%) 66 (21%) 17 (5.4%) 6 (1.9%) 1 (0.3%) 35 (11%) 1.24 16

marketwatch.bloodhorse.com / 15 2-Year-Olds in Training Consignors, 2001-2005 No. No. Avg. Avg. Rnrs Wnrs 2yo Wnrs SW GSW GISW $100k+ Avg. Consignor Offered Sold Price Earnings E>P (% Off.) (% Off.) (% Off.) (% Off.) (% Off.) (% Off.) Earners AEI Starts Oxbow Racing 62 37 $42,581 $88,673 16 59 (95%) 47 (76%) 16 (26%) 6 (9.7%) 3 (4.8%) 2 (3.2%) 11 (18%) 2.28 17 Parrish Farms 83 59 $67,093 $39,980 16 78 (94%) 59 (71%) 8 (10%) 0 (0%) 0 (0%) 0 (0%) 8 (10%) 0.92 18 Earl Pierpont, agt. 27 22 $8,809 $38,848 15 23 (85%) 16 (59%) 4 (15%) 2 (7.4%) 1 (3.7%) 0 (0%) 2 (7%) 0.97 15 Pike Racing, agt. 85 56 $22,209 $38,365 23 76 (89%) 54 (64%) 21 (25%) 0 (0%) 0 (0%) 0 (0%) 9 (11%) 0.85 18 James and Corky Pleasant, agts. 60 56 $10,869 $26,161 28 51 (85%) 30 (50%) 7 (12%) 1 (1.7%) 0 (0%) 0 (0%) 1 (2%) 0.61 16 Pre-K Training Center, agt. 29 20 $21,730 $38,302 11 26 (90%) 20 (69%) 9 (31%) 2 (6.9%) 0 (0%) 0 (0%) 2 (7%) 0.9 15 Price Thoroughbreds 25 16 $46,356 $25,103 4 23 (92%) 18 (72%) 6 (24%) 0 (0%) 0 (0%) 0 (0%) 2 (8%) 0.66 16 Price T'breds/Racehorse Consign., agt. 54 34 $31,741 $59,592 17 49 (91%) 41 (76%) 7 (13%) 2 (3.7%) 0 (0%) 0 (0%) 9 (17%) 1.17 23 Jim N. Price, agt. 27 21 $13,724 $28,887 12 26 (96%) 18 (67%) 5 (19%) 0 (0%) 0 (0%) 0 (0%) 2 (7%) 0.72 25 Robert E. Price, agt. 24 22 $4,382 $28,131 13 21 (88%) 13 (54%) 2 (8%) 0 (0%) 0 (0%) 0 (0%) 2 (8%) 0.57 26 Racehorse Consignment, agt. 35 25 $23,800 $46,607 14 32 (91%) 26 (74%) 10 (29%) 0 (0%) 0 (0%) 0 (0%) 4 (11%) 1.1 21 Bill Reightler, agt. 32 24 $24,975 $54,694 12 24 (75%) 18 (56%) 4 (13%) 4 (12.5%) 0 (0%) 0 (0%) 5 (16%) 1.18 17 Reno Equine, agt. 51 27 $20,889 $20,802 11 43 (84%) 29 (57%) 7 (14%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.52 16 Rich Meadow Thoroughbreds 29 20 $65,625 $55,366 7 27 (93%) 21 (72%) 4 (14%) 1 (3.4%) 0 (0%) 0 (0%) 4 (14%) 1.3 18 Rising Hill Farm, agt. 43 29 $14,731 $57,280 17 37 (86%) 32 (74%) 17 (40%) 2 (4.7%) 0 (0%) 0 (0%) 6 (14%) 1.22 27 River Edge Farm 40 29 $37,628 $34,279 8 33 (83%) 21 (53%) 8 (20%) 2 (5%) 0 (0%) 0 (0%) 3 (8%) 0.86 16 Rohan Stables 26 21 $41,867 $53,437 9 23 (88%) 19 (73%) 10 (38%) 1 (3.8%) 0 (0%) 0 (0%) 5 (19%) 1.26 18 Rolling Meadows Farm, agt. 33 24 $22,383 $33,572 9 28 (85%) 16 (48%) 5 (15%) 0 (0%) 0 (0%) 0 (0%) 4 (12%) 0.78 16 Ryder River Ridge Farm 40 23 $9,804 $51,290 18 36 (90%) 30 (75%) 9 (23%) 2 (5%) 0 (0%) 0 (0%) 4 (10%) 0.96 21 SAB Training, agt. 31 17 $32,588 $42,653 4 29 (94%) 19 (61%) 5 (16%) 1 (3.2%) 0 (0%) 0 (0%) 4 (13%) 1.13 16 Safari Bloodstock 71 50 $24,414 $37,619 21 62 (87%) 47 (66%) 14 (20%) 4 (5.6%) 1 (1.4%) 0 (0%) 5 (7%) 0.84 17 Santa Fe Thoroughbreds, agt. 24 14 $9,464 $34,056 7 21 (88%) 18 (75%) 4 (17%) 0 (0%) 0 (0%) 0 (0%) 1 (4%) 0.82 23 Robert N. Scanlon, agt. 406 259 $151,771 $93,232 90 380 (94%) 302 (74%) 89 (22%) 37 (9.1%) 17 (4.2%) 6 (1.5%) 86 (21%) 1.91 17 Sequel Bloodstock, agt. 274 196 $147,532 $92,686 59 248 (91%) 199 (73%) 82 (30%) 37 (13.5%) 12 (4.4%) 2 (0.7%) 72 (26%) 2.08 15 Sez Who Thoroughbreds, agt. 89 81 $26,678 $65,538 54 85 (96%) 71 (80%) 26 (29%) 3 (3.4%) 1 (1.1%) 0 (0%) 14 (16%) 1.26 26 Shadybrook Farms, agt. 83 63 $28,329 $73,995 30 81 (98%) 61 (73%) 17 (20%) 2 (2.4%) 2 (2.4%) 1 (1.2%) 14 (17%) 1.79 19 Shanbally Acres, agt. 19 18 $31,289 $49,672 9 18 (95%) 14 (74%) 6 (32%) 1 (5.3%) 0 (0%) 0 (0%) 4 (21%) 1.14 16 Paul Sharp, agt. 234 163 $43,001 $51,249 82 214 (91%) 174 (74%) 48 (21%) 8 (3.4%) 3 (1.3%) 0 (0%) 30 (13%) 1.08 21 Marshall W. Silverman, agt. 54 37 $17,589 $32,036 14 44 (81%) 28 (52%) 8 (15%) 1 (1.9%) 0 (0%) 0 (0%) 3 (6%) 0.76 16 Murray Smith, agt. 84 59 $219,068 $85,795 8 78 (93%) 70 (83%) 26 (31%) 11 (13.1%) 5 (6%) 1 (1.2%) 19 (23%) 1.73 15 Solitary Oak Farm, agt. 245 139 $73,071 $104,236 56 217 (89%) 167 (68%) 46 (19%) 16 (6.5%) 9 (3.7%) 5 (2%) 46 (19%) 2.04 19 South Seas Plantation, agt. 37 20 $5,460 $43,972 12 30 (81%) 21 (57%) 3 (8%) 1 (2.7%) 0 (0%) 0 (0%) 4 (11%) 0.86 24 Southern Chase Farm, agt. 81 48 $74,323 $78,119 17 70 (86%) 60 (74%) 16 (20%) 6 (7.4%) 2 (2.5%) 1 (1.2%) 12 (15%) 1.67 19 Steephollow Farms, agt. 76 53 $60,687 $31,988 12 64 (84%) 50 (66%) 13 (17%) 3 (3.9%) 1 (1.3%) 0 (0%) 4 (5%) 0.86 12 Stephens Thoroughbreds, agt. 27 20 $81,900 $74,166 6 24 (89%) 15 (56%) 5 (19%) 2 (7.4%) 1 (3.7%) 0 (0%) 5 (19%) 2.01 16 Sterling Thoroughbreds, agt. 31 18 $11,956 $46,271 10 28 (90%) 22 (71%) 7 (23%) 0 (0%) 0 (0%) 0 (0%) 4 (13%) 0.9 27 Cecil and Ojia Stewart, agts. 25 12 $38,250 $28,331 2 22 (88%) 17 (68%) 6 (24%) 0 (0%) 0 (0%) 0 (0%) 1 (4%) 0.77 12 Straightaway Farm, agt. 123 76 $81,158 $60,690 30 113 (92%) 93 (76%) 34 (28%) 5 (4.1%) 4 (3.3%) 0 (0%) 21 (17%) 1.34 20 Sunrise Stable South, agt. 89 59 $37,080 $54,992 28 83 (93%) 70 (79%) 22 (25%) 2 (2.2%) 1 (1.1%) 0 (0%) 9 (10%) 1.18 20 Tom Swearingen, agt. 21 13 $12,562 $29,256 4 18 (86%) 12 (57%) 4 (19%) 1 (4.8%) 0 (0%) 0 (0%) 1 (5%) 0.8 13 Thoroughbred Exchange 23 13 $54,992 $46,185 6 22 (96%) 19 (83%) 3 (13%) 0 (0%) 0 (0%) 0 (0%) 2 (9%) 1 16 Thoroughstock, agt. 129 77 $25,030 $39,512 47 114 (88%) 83 (64%) 26 (20%) 2 (1.6%) 0 (0%) 0 (0%) 10 (8%) 0.92 21 Threshold Training Center, agt. 27 21 $8,171 $59,412 12 25 (93%) 17 (63%) 9 (33%) 2 (7.4%) 1 (3.7%) 1 (3.7%) 7 (26%) 1.34 23 Timber Creek, agt. 74 47 $29,313 $48,922 22 69 (93%) 44 (59%) 20 (27%) 4 (5.4%) 0 (0%) 0 (0%) 8 (11%) 1.13 18 TnT, agt. 18 17 $12,012 $55,800 13 16 (89%) 13 (72%) 5 (28%) 1 (5.6%) 0 (0%) 0 (0%) 1 (6%) 0.97 23 Tommy Town Thoroughbreds 43 24 $25,883 $39,277 9 40 (93%) 30 (70%) 11 (26%) 2 (4.7%) 0 (0%) 0 (0%) 4 (9%) 1 15 Tradewinds Farm, agt. 25 18 $16,400 $54,139 8 20 (80%) 19 (76%) 7 (28%) 2 (8%) 0 (0%) 0 (0%) 3 (12%) 1.11 23 True South, agt. 29 18 $78,056 $102,895 9 26 (90%) 23 (79%) 8 (28%) 3 (10.3%) 0 (0%) 0 (0%) 9 (31%) 2.22 18 Colleen Turpin-Boyce, agt. 26 18 $5,789 $31,968 7 15 (58%) 12 (46%) 1 (4%) 0 (0%) 0 (0%) 0 (0%) 1 (4%) 0.65 26 Twin Oaks Training Center, agt. 65 43 $14,016 $34,073 18 59 (91%) 42 (65%) 12 (18%) 2 (3.1%) 0 (0%) 0 (0%) 5 (8%) 0.73 20 Wavertree Stables, agt. 346 218 $113,137 $58,826 64 327 (95%) 254 (73%) 68 (20%) 18 (5.2%) 4 (1.2%) 0 (0%) 53 (15%) 1.28 18 Weatherly Horse Farms, agt. 52 23 $10,200 $40,179 14 44 (85%) 36 (69%) 7 (13%) 6 (11.5%) 0 (0%) 0 (0%) 6 (12%) 0.87 17 Welcome Gate Farm, agt. 39 30 $92,873 $82,236 12 36 (92%) 28 (72%) 16 (41%) 4 (10.3%) 4 (10.3%) 0 (0%) 10 (26%) 1.72 21 Werner Ranch, agt. 130 73 $28,688 $38,099 30 122 (94%) 96 (74%) 29 (22%) 5 (3.8%) 0 (0%) 0 (0%) 12 (9%) 0.94 17 Wesfield Sales, agt. 79 60 $44,950 $46,903 23 69 (87%) 57 (72%) 21 (27%) 3 (3.8%) 1 (1.3%) 1 (1.3%) 7 (9%) 1.21 20 Cleveland Wheeler, agt. 79 51 $71,884 $59,197 19 74 (94%) 65 (82%) 19 (24%) 6 (7.6%) 2 (2.5%) 0 (0%) 10 (13%) 1.29 18 Wingate Sales Agency, agt. 44 33 $62,455 $54,438 11 39 (89%) 33 (75%) 7 (16%) 2 (4.5%) 0 (0%) 0 (0%) 7 (16%) 1.3 17 Winner's Choice, agt. 83 57 $15,939 $24,457 26 78 (94%) 51 (61%) 12 (14%) 1 (1.2%) 0 (0%) 0 (0%) 2 (2%) 0.6 18 Winterberry Farm, agt. 19 14 $28,929 $44,444 6 16 (84%) 15 (79%) 3 (16%) 0 (0%) 0 (0%) 0 (0%) 2 (11%) 0.99 20 Wolf Creek Farm, agt. 19 13 $22,400 $34,763 6 18 (95%) 12 (63%) 6 (32%) 1 (5.3%) 0 (0%) 0 (0%) 2 (11%) 0.74 19 Woodhaven Farm, agt. 18 15 $17,480 $37,063 5 13 (72%) 12 (67%) 5 (28%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.7 22 Eddie Woods, agt. 500 301 $79,507 $78,704 127 466 (93%) 384 (77%) 124 (25%) 41 (8.2%) 17 (3.4%) 5 (1%) 89 (18%) 1.67 19 Gayle Woods, agt. 33 16 $26,344 $60,573 9 31 (94%) 26 (79%) 7 (21%) 1 (3%) 0 (0%) 0 (0%) 8 (24%) 1.13 25 Woodside Ranch, agt. 102 85 $23,739 $49,947 44 87 (85%) 66 (65%) 21 (21%) 6 (5.9%) 3 (2.9%) 1 (1%) 17 (17%) 1.22 16 Donna M. Wormser, agt. 145 89 $48,853 $60,713 34 133 (92%) 110 (76%) 36 (25%) 10 (6.9%) 3 (2.1%) 0 (0%) 22 (15%) 1.4 18 Yearsley Bloodstock, agt. 24 17 $7,718 $25,281 8 18 (75%) 11 (46%) 1 (4%) 1 (4.2%) 0 (0%) 0 (0%) 2 (8%) 0.61 18 Sara Lynn Yutani, agt. 21 16 $28,781 $52,480 9 19 (90%) 14 (67%) 5 (24%) 2 (9.5%) 0 (0%) 0 (0%) 4 (19%) 1.19 18

16 / marketwatch.bloodhorse.com 2-Year-Olds in Training Buyers, 2001-2005 The table below lists buyers of 11 or more 2-year-olds in training at North American sales from 2001 to 2005. Racing statistics are from North America, Europe, UAE, Japan (JRA only), and Hong Kong. Earnings from other countries may be incomplete. Earnings from Japan and Hong Kong are NOT included. The information shows the number of horses purchased, the percentage exported, total purchase price, average purchase price, average earnings, number to earn more than their purchase price (E>P), runners, winners, 2-year-old winners, stakes winners, graded stakes winners, grade I stakes winners, purchases to earn $100,000 or more, Average Earnings Index (AEI), and average starts per2-Year-Olds runner. The percentages in Training for each category Buyers, are derived 2001-2005 from a buyer’s total purchases. Racing statistics are through Jan. 13, 2009. No. Bought Total Avg. Avg. Rnrs Wnrs 2yo Wnrs SW GSW GISW $100k+ Avg. Buyer (% Exp.) Price Price Earnings E>P (% Bght) (% Bght) (% Bght) (% Bght) (% Bght) (% Bght) Earners AEI Starts D. Agent 12 (42%) $55,600 $4,633 $5,094 1 7 (58%) 3 (25%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.43 16 Harry Aleo 22 (0%) $1,773,000 $80,591 $109,848 9 20 (91%) 20 (91%) 8 (36%) 3 (14%) 1 (4.5%) 0 (0%) 8 (36%) 2.00 23 A. Ferris Allen III, agent 16 (13%) $729,500 $45,594 $42,318 5 15 (94%) 12 (75%) 3 (19%) 0 (0%) 0 (0%) 0 (0%) 1 (6%) 0.85 18 Wifredo Alvarez 16 (6%) $321,500 $20,094 $35,855 8 15 (94%) 11 (69%) 3 (19%) 1 (6%) 1 (6.3%) 1 (6.3%) 2 (13%) 0.97 17 Joe Aquilino 15 (7%) $624,000 $41,600 $66,429 10 15 (100%) 14 (93%) 4 (27%) 1 (7%) 1 (6.7%) 0 (0%) 3 (20%) 1.52 20 V.L. Armour 24 (0%) $270,900 $11,288 $31,419 6 7 (29%) 5 (21%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.86 15 Richard P. Arnold Jr. 11 (0%) $57,000 $5,182 $30,722 9 11 (100%) 9 (82%) 4 (36%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.73 26 Asociacion Nacional de Duenos de Caballos 22 (45%) $88,100 $4,005 $340 0 10 (45%) 10 (45%) 4 (18%) 2 (9%) 1 (4.5%) 0 (0%) 0 (0%) 12 Dale Baird 11 (0%) $172,500 $15,682 $46,817 10 10 (91%) 9 (82%) 3 (27%) 0 (0%) 0 (0%) 0 (0%) 1 (9%) 0.97 26 Osiris Bautista 12 (58%) $67,000 $5,583 $668 0 8 (67%) 7 (58%) 4 (33%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.17 12 Todd Beattie 22 (5%) $911,000 $41,409 $68,903 15 21 (95%) 20 (91%) 9 (41%) 2 (9%) 0 (0%) 0 (0%) 7 (32%) 1.42 18 J. Robin Berol 22 (5%) $78,800 $3,582 $20,784 11 18 (82%) 9 (41%) 1 (5%) 0 (0%) 0 (0%) 0 (0%) 1 (5%) 0.59 13 Frank Bertolino 21 (0%) $480,000 $22,857 $49,142 12 21 (100%) 17 (81%) 3 (14%) 0 (0%) 0 (0%) 0 (0%) 3 (14%) 1.07 22 Joseph Besecker 11 (0%) $350,400 $31,855 $16,285 5 10 (91%) 8 (73%) 1 (9%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.39 21 Kaaren and Hays Biggs 22 (0%) $2,836,000 $128,909 $108,500 8 22 (100%) 16 (73%) 8 (36%) 4 (18%) 2 (9.1%) 0 (0%) 5 (23%) 2.09 21 V. Blengs 14 (0%) $363,000 $25,929 $49,900 9 13 (93%) 11 (79%) 7 (50%) 0 (0%) 0 (0%) 0 (0%) 1 (7%) 1.10 19 Jeff Bonde 33 (3%) $2,343,200 $71,006 $59,304 10 31 (94%) 20 (61%) 13 (39%) 6 (18%) 0 (0%) 0 (0%) 6 (18%) 1.42 15 Jim Bracken 17 (0%) $742,000 $43,647 $83,114 11 16 (94%) 15 (88%) 7 (41%) 1 (6%) 0 (0%) 0 (0%) 6 (35%) 1.67 23 Bradley Thoroughbred Brokerage 11 (0%) $1,165,000 $105,909 $58,249 3 9 (82%) 8 (73%) 1 (9%) 0 (0%) 0 (0%) 0 (0%) 2 (18%) 1.26 20 Joseph Brocklebank, agent 76 (3%) $3,519,000 $46,303 $100,086 36 67 (88%) 54 (71%) 13 (17%) 6 (8%) 3 (3.9%) 0 (0%) 16 (21%) 2.02 18 Buckram Oak Farm 26 (8%) $3,084,000 $118,615 $127,803 8 26 (100%) 24 (92%) 10 (38%) 5 (19%) 2 (7.7%) 1 (3.8%) 9 (35%) 2.59 21 Burden Creek 17 (0%) $106,000 $6,235 $25,604 10 15 (88%) 10 (59%) 1 (6%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.63 17 C & C International 17 (76%) $321,000 $18,882 $10,979 4 17 (100%) 12 (71%) 6 (35%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.64 20 Rolando Cabral 28 (0%) $471,000 $16,821 $37,326 15 25 (89%) 18 (64%) 14 (50%) 0 (0%) 0 (0%) 0 (0%) 3 (11%) 1.19 21 Peter Callahan 16 (0%) $594,000 $37,125 $43,533 7 15 (94%) 15 (94%) 3 (19%) 0 (0%) 0 (0%) 0 (0%) 1 (6%) 0.85 17 Campbell Racing 24 (0%) $1,487,500 $61,979 $80,094 9 23 (96%) 21 (88%) 11 (46%) 3 (13%) 0 (0%) 0 (0%) 5 (21%) 1.39 22 Jack Carava 12 (0%) $647,000 $53,917 $14,276 1 10 (83%) 7 (58%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.40 10 Julio Cartagena 21 (0%) $268,500 $12,786 $54,959 15 21 (100%) 15 (71%) 8 (38%) 1 (5%) 1 (4.8%) 1 (4.8%) 5 (24%) 1.15 19 Carrol Castille 19 (0%) $1,054,200 $55,484 $33,200 6 17 (89%) 12 (63%) 4 (21%) 1 (5%) 0 (0%) 0 (0%) 1 (5%) 0.77 13 Bill Cesare 11 (0%) $126,300 $11,482 $93,708 5 8 (73%) 6 (55%) 5 (45%) 1 (9%) 1 (9.1%) 0 (0%) 2 (18%) 2.14 16 Buzz Chace, agent 78 (5%) $11,283,000 $144,654 $94,355 25 71 (91%) 56 (72%) 14 (18%) 9 (12%) 3 (3.8%) 1 (1.3%) 22 (28%) 2.01 17 Donald and Carole Chaiken 11 (0%) $502,500 $45,682 $50,172 6 10 (91%) 8 (73%) 2 (18%) 0 (0%) 0 (0%) 0 (0%) 1 (9%) 1.22 14 Champion Racing Stable 36 (0%) $172,300 $4,786 $23,182 21 33 (92%) 20 (56%) 4 (11%) 0 (0%) 0 (0%) 0 (0%) 2 (6%) 0.50 20 Choctaw Racing 15 (7%) $2,000,000 $133,333 $70,365 3 14 (93%) 11 (73%) 4 (27%) 2 (13%) 1 (6.7%) 0 (0%) 3 (20%) 1.61 12 Thomas Clark Bloodstock, agent 58 (78%) $616,500 $10,629 $0 0 45 (78%) 29 (50%) 4 (7%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 12 Classic Contenders 34 (0%) $868,000 $25,529 $37,852 13 30 (88%) 21 (62%) 7 (21%) 2 (6%) 1 (2.9%) 0 (0%) 2 (6%) 0.86 17 Chris Coleman 11 (0%) $427,000 $38,818 $52,967 4 10 (91%) 10 (91%) 6 (55%) 1 (9%) 0 (0%) 0 (0%) 1 (9%) 1.18 17 Henry Collazo 34 (0%) $398,300 $11,715 $49,055 23 32 (94%) 26 (76%) 12 (35%) 2 (6%) 1 (2.9%) 0 (0%) 3 (9%) 0.96 22 Reed Combest 13 (0%) $279,500 $21,500 $54,530 9 12 (92%) 12 (92%) 3 (23%) 0 (0%) 0 (0%) 0 (0%) 2 (15%) 0.95 38 William Condren 15 (0%) $2,635,000 $175,667 $142,376 6 15 (100%) 15 (100%) 10 (67%) 3 (20%) 0 (0%) 0 (0%) 7 (47%) 2.79 26 Gary Contessa 69 (3%) $2,315,200 $33,554 $113,393 39 65 (94%) 55 (80%) 16 (23%) 5 (7%) 1 (1.4%) 1 (1.4%) 15 (22%) 2.40 22 Tony Correnti 12 (0%) $200,200 $16,683 $49,573 6 11 (92%) 10 (83%) 2 (17%) 0 (0%) 0 (0%) 0 (0%) 2 (17%) 1.12 21 Jose Cruz 23 (0%) $301,600 $13,113 $48,521 13 21 (91%) 18 (78%) 10 (43%) 2 (9%) 2 (8.7%) 1 (4.3%) 2 (9%) 1.39 27 Jack Damico 15 (0%) $307,000 $20,467 $58,466 10 14 (93%) 12 (80%) 5 (33%) 1 (7%) 0 (0%) 0 (0%) 2 (13%) 1.13 23 Abelardo Dauhajre 11 (0%) $336,000 $30,545 $42,460 7 11 (100%) 11 (100%) 5 (45%) 1 (9%) 1 (9.1%) 1 (9.1%) 1 (9%) 1.03 28 Bruno DeBerdt, agent 29 (10%) $2,252,500 $77,672 $52,114 8 23 (79%) 18 (62%) 9 (31%) 5 (17%) 0 (0%) 0 (0%) 2 (7%) 1.26 16 Janet Del Castillo 18 (0%) $51,500 $2,861 $23,904 8 14 (78%) 7 (39%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 2 (11%) 0.46 29 DJ Stable 22 (9%) $2,197,000 $99,864 $159,658 14 22 (100%) 21 (95%) 10 (45%) 4 (18%) 1 (4.5%) 0 (0%) 12 (55%) 2.51 29 Dogwood Stable 72 (4%) $7,108,000 $98,722 $95,115 21 67 (93%) 50 (69%) 14 (19%) 7 (10%) 3 (4.2%) 0 (0%) 20 (28%) 1.82 21 Wallace Dollase, agent 13 (0%) $1,922,000 $147,846 $196,386 2 12 (92%) 9 (69%) 1 (8%) 2 (15%) 1 (7.7%) 1 (7.7%) 2 (15%) 5.50 11 M.A. Douzos 19 (0%) $423,000 $22,263 $41,830 9 18 (95%) 13 (68%) 4 (21%) 0 (0%) 0 (0%) 0 (0%) 2 (11%) 0.88 18 B.G. Dunham 13 (0%) $357,500 $27,500 $30,027 5 13 (100%) 8 (62%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 2 (15%) 0.76 14 Tom Durant 28 (0%) $2,469,500 $88,196 $93,923 13 26 (93%) 21 (75%) 5 (18%) 5 (18%) 2 (7.1%) 0 (0%) 7 (25%) 1.84 17 Durham Co. 16 (81%) $2,142,000 $133,875 $79,272 2 16 (100%) 13 (81%) 8 (50%) 1 (6%) 1 (6.3%) 0 (0%) 1 (6%) 1.54 19 Anthony W. Dutrow 20 (10%) $1,622,000 $81,100 $77,395 10 19 (95%) 18 (90%) 11 (55%) 1 (5%) 0 (0%) 0 (0%) 4 (20%) 1.44 24

marketwatch.bloodhorse.com / 17 2-Year-Olds in Training Buyers, 2001-2005 No. Bought Total Avg. Avg. Rnrs Wnrs 2yo Wnrs SW GSW GISW $100k+ Avg. Buyer (% Exp.) Price Price Earnings E>P (% Bght) (% Bght) (% Bght) (% Bght) (% Bght) (% Bght) Earners AEI Starts Steve Dwoskin 20 (0%) $595,500 $29,775 $50,705 13 20 (100%) 17 (85%) 4 (20%) 0 (0%) 0 (0%) 0 (0%) 2 (10%) 0.98 26 O.S. Edwards 11 (0%) $111,000 $10,091 $44,975 9 11 (100%) 10 (91%) 9 (82%) 0 (0%) 0 (0%) 0 (0%) 2 (18%) 0.88 30 Equine Analysis 12 (17%) $1,243,000 $103,583 $31,487 1 12 (100%) 9 (75%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.81 13 Euro, agent 14 (36%) $54,800 $3,914 $597 1 6 (43%) 5 (36%) 2 (14%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.06 16 Ever Union Shokai 19 (100%) $4,160,000 $218,947 0 19 (100%) 17 (89%) 11 (58%) 1 (5%) 1 (5.3%) 1 (5.3%) 0 (0%) 1.76 21 Federacion Nacional de Duenos de 34 (44%) $157,100 $4,621 $9 0 15 (44%) 10 (29%) 4 (12%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.01 11 Caballos de Carreras Federacion Nacional Duenos Dominicana 13 (77%) $37,800 $2,908 $12 0 11 (85%) 6 (46%) 3 (23%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.01 12 John Ferguson 23 (74%) $16,765,000 $728,913 $91,927 0 22 (96%) 21 (91%) 11 (48%) 4 (17%) 2 (8.7%) 1 (4.3%) 8 (35%) 2.07 11 Sylvia Firestone 12 (0%) $74,700 $6,225 $9,272 2 3 (25%) 3 (25%) 1 (8%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.28 9 Dr. Donald E. Fishman 17 (0%) $268,000 $15,765 $61,453 15 17 (100%) 15 (88%) 2 (12%) 1 (6%) 0 (0%) 0 (0%) 2 (12%) 0.84 25 John Fort 13 (0%) $2,855,000 $219,615 $136,469 3 12 (92%) 11 (85%) 5 (38%) 4 (31%) 1 (7.7%) 0 (0%) 6 (46%) 2.55 16 Dominic Galluscio 11 (9%) $379,500 $34,500 $89,702 6 11 (100%) 7 (64%) 1 (9%) 1 (9%) 0 (0%) 0 (0%) 2 (18%) 1.81 27 Rodolfo Garcia 15 (7%) $670,000 $44,667 $17,354 4 14 (93%) 9 (60%) 4 (27%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.52 10 Garcia Bloodstock 16 (38%) $490,000 $30,625 $50,953 7 16 (100%) 12 (75%) 1 (6%) 1 (6%) 0 (0%) 0 (0%) 2 (13%) 1.25 24 Greg Gilchrist 11 (0%) $688,000 $62,545 $108,875 7 11 (100%) 11 (100%) 6 (55%) 3 (27%) 1 (9.1%) 0 (0%) 2 (18%) 2.16 19 Mike Gill 54 (2%) $7,668,000 $142,000 $105,747 20 50 (93%) 45 (83%) 25 (46%) 8 (15%) 1 (1.9%) 0 (0%) 21 (39%) 1.97 22 Javier Gonzalez 18 (0%) $154,000 $8,556 $10,982 5 16 (89%) 8 (44%) 3 (17%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.43 14 Joseph Graffeo 15 (0%) $514,000 $34,267 $60,483 7 13 (87%) 11 (73%) 5 (33%) 1 (7%) 0 (0%) 0 (0%) 3 (20%) 1.23 22 Bob W. Grayson Sr. 20 (0%) $322,000 $16,100 $27,476 7 16 (80%) 9 (45%) 1 (5%) 0 (0%) 0 (0%) 0 (0%) 2 (10%) 0.75 15 Nolan Hajal 58 (76%) $897,500 $15,474 $12,709 12 54 (93%) 38 (66%) 10 (17%) 2 (3%) 2 (3.4%) 0 (0%) 2 (3%) 1.10 19 Hamdeleu Stable 13 (69%) $360,000 $27,692 $36,628 5 13 (100%) 9 (69%) 2 (15%) 1 (8%) 1 (7.7%) 1 (7.7%) 2 (15%) 1.00 19 Heiligbrodt Racing Stable 20 (5%) $1,741,000 $87,050 $55,755 8 18 (90%) 13 (65%) 3 (15%) 4 (20%) 0 (0%) 0 (0%) 2 (10%) 1.50 17 Manuel S. Hernandez 14 (0%) $103,500 $7,393 $24,545 9 13 (93%) 10 (71%) 6 (43%) 1 (7%) 1 (7.1%) 0 (0%) 1 (7%) 0.73 27 Richard Hogan 16 (0%) $486,000 $30,375 $122,782 10 15 (94%) 12 (75%) 7 (44%) 1 (6%) 0 (0%) 0 (0%) 6 (38%) 2.33 19 Jerry Hollendorfer 26 (8%) $930,700 $35,796 $127,857 19 24 (92%) 23 (88%) 10 (38%) 6 (23%) 3 (11.5%) 0 (0%) 7 (27%) 2.29 21 B. Wayne Hughes 22 (0%) $7,180,000 $326,364 $186,953 4 19 (86%) 19 (86%) 3 (14%) 3 (14%) 3 (13.6%) 0 (0%) 13 (59%) 3.75 16 N.B. Hunt 48 (0%) $1,256,200 $26,171 $53,060 25 45 (94%) 36 (75%) 21 (44%) 1 (2%) 0 (0%) 0 (0%) 5 (10%) 1.17 18 Dan Hurtak 18 (0%) $331,700 $18,428 $35,345 8 15 (83%) 10 (56%) 6 (33%) 1 (6%) 0 (0%) 0 (0%) 2 (11%) 0.78 20 Joseph Imperio 11 (0%) $255,000 $23,182 $66,670 9 10 (91%) 9 (82%) 2 (18%) 0 (0%) 0 (0%) 0 (0%) 2 (18%) 1.16 28 Jim L. Ingalls 17 (0%) $844,000 $49,647 $34,537 6 16 (94%) 11 (65%) 2 (12%) 1 (6%) 0 (0%) 0 (0%) 2 (12%) 0.81 19 International Equine Acquisition 17 (0%) $2,145,000 $126,176 $82,011 5 14 (82%) 11 (65%) 4 (24%) 1 (6%) 0 (0%) 0 (0%) 3 (18%) 1.59 26 J S Company 15 (93%) $3,005,000 $200,333 $0 0 14 (93%) 11 (73%) 4 (27%) 1 (7%) 1 (6.7%) 1 (6.7%) 0 (0%) 1.93 18 Greg Jackson 11 (0%) $146,500 $13,318 $27,443 7 11 (100%) 9 (82%) 5 (45%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.65 23 Jay Em Ess Stable 14 (7%) $1,965,000 $140,357 $93,353 2 12 (86%) 12 (86%) 4 (29%) 0 (0%) 0 (0%) 0 (0%) 6 (43%) 1.71 19 Jockey Club Farm 18 (6%) $506,500 $28,139 $74,062 12 16 (89%) 14 (78%) 4 (22%) 2 (11%) 0 (0%) 0 (0%) 4 (22%) 1.39 22 L.F. Jolin 20 (0%) $392,000 $19,600 $79,063 17 20 (100%) 18 (90%) 11 (55%) 2 (10%) 1 (5%) 0 (0%) 5 (25%) 1.61 24 Kevin J. Joy 17 (0%) $172,500 $10,147 $23,237 9 16 (94%) 14 (82%) 6 (35%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.53 16 Just for Fun Stables 11 (9%) $362,500 $32,955 $29,261 3 11 (100%) 10 (91%) 2 (18%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.69 15 Wendell N. Kangaloo 12 (83%) $286,000 $23,833 $5,357 1 10 (83%) 7 (58%) 4 (33%) 2 (17%) 2 (16.7%) 1 (8.3%) 0 (0%) 0.17 13 Tim Kegel, agent 20 (5%) $1,286,000 $64,300 $105,866 8 19 (95%) 17 (85%) 3 (15%) 1 (5%) 1 (5%) 0 (0%) 6 (30%) 1.87 26 John C. Kimmel, agent 18 (17%) $3,135,000 $174,167 $190,787 1 18 (100%) 15 (83%) 7 (39%) 1 (6%) 1 (5.6%) 1 (5.6%) 1 (6%) 3.30 13 Klaravich Stable 29 (10%) $4,095,000 $141,207 $105,830 7 25 (86%) 19 (66%) 11 (38%) 3 (10%) 1 (3.4%) 0 (0%) 9 (31%) 2.77 11 Brian Koriner 32 (0%) $2,285,000 $71,406 $65,277 10 29 (91%) 27 (84%) 12 (38%) 7 (22%) 1 (3.1%) 0 (0%) 5 (16%) 1.52 13 Ben D. La Fever 11 (0%) $136,500 $12,409 $13,645 2 8 (73%) 8 (73%) 1 (9%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.33 17 Scott A. Lake 11 (0%) $603,000 $54,818 $82,657 4 6 (55%) 6 (55%) 3 (27%) 0 (0%) 0 (0%) 0 (0%) 2 (18%) 1.49 26 David Lange 14 (7%) $219,500 $15,679 $23,286 6 13 (93%) 8 (57%) 1 (7%) 0 (0%) 0 (0%) 0 (0%) 1 (7%) 0.63 13 David J. Lanzman Racing 19 (5%) $896,000 $47,158 $55,775 9 18 (95%) 15 (79%) 8 (42%) 1 (5%) 0 (0%) 0 (0%) 3 (16%) 1.47 14 Robert B. and Beverly J. Lewis 43 (0%) $18,005,000 $418,721 $106,931 4 42 (98%) 33 (77%) 12 (28%) 7 (16%) 5 (11.6%) 1 (2.3%) 14 (33%) 2.59 15 Jim Lewis 11 (0%) $670,000 $60,909 $185,982 9 11 (100%) 11 (100%) 10 (91%) 3 (27%) 0 (0%) 0 (0%) 6 (55%) 2.52 41 Daniel Limongelli 14 (0%) $162,500 $11,607 $24,036 10 14 (100%) 9 (64%) 1 (7%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.53 18 John Locke 13 (8%) $81,800 $6,292 $49,223 9 13 (100%) 9 (69%) 5 (38%) 2 (15%) 0 (0%) 0 (0%) 2 (15%) 0.98 23 Lone Stable 11 (0%) $128,500 $11,682 $29,115 6 11 (100%) 6 (55%) 2 (18%) 0 (0%) 0 (0%) 0 (0%) 1 (9%) 0.69 19 Juan Luna 13 (0%) $92,500 $7,115 $61,950 9 11 (85%) 8 (62%) 4 (31%) 1 (8%) 1 (7.7%) 1 (7.7%) 1 (8%) 1.70 28 Michael Machowsky, agent 18 (6%) $1,697,500 $94,306 $183,298 10 17 (94%) 15 (83%) 6 (33%) 3 (17%) 1 (5.6%) 1 (5.6%) 6 (33%) 4.15 17 Janis Maitlen 16 (0%) $42,800 $2,675 $6,546 9 14 (88%) 4 (25%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.22 12 Mike McDonald 20 (10%) $374,000 $18,700 $59,954 16 20 (100%) 18 (90%) 10 (50%) 0 (0%) 0 (0%) 0 (0%) 3 (15%) 1.33 22 James McIngvale 14 (0%) $2,489,000 $177,786 $84,012 4 13 (93%) 12 (86%) 3 (21%) 0 (0%) 0 (0%) 0 (0%) 4 (29%) 1.63 18

18 / marketwatch.bloodhorse.com 2-Year-Olds in Training Buyers, 2001-2005 No. Bought Total Avg. Avg. Rnrs Wnrs 2yo Wnrs SW GSW GISW $100k+ Avg. Buyer (% Exp.) Price Price Earnings E>P (% Bght) (% Bght) (% Bght) (% Bght) (% Bght) (% Bght) Earners AEI Starts McMahon Bloodstock, agent 27 (4%) $1,230,500 $45,574 $50,665 10 25 (93%) 18 (67%) 6 (22%) 1 (4%) 0 (0%) 0 (0%) 5 (19%) 1.22 19 Eugene Melnyk 19 (11%) $5,470,000 $287,895 $129,690 6 19 (100%) 15 (79%) 6 (32%) 4 (21%) 1 (5.3%) 1 (5.3%) 10 (53%) 1.97 21 Maria Mendez 35 (6%) $530,500 $15,157 $44,257 19 29 (83%) 26 (74%) 10 (29%) 1 (3%) 1 (2.9%) 0 (0%) 1 (3%) 0.97 28 Merry, Newmarket, and Meehan 11 (82%) $2,345,000 $213,182 $468,873 2 10 (91%) 8 (73%) 2 (18%) 1 (9%) 1 (9.1%) 1 (9.1%) 4 (36%) 6.35 17 Carlos J. Morales 21 (14%) $707,500 $33,690 $120,340 13 19 (90%) 17 (81%) 5 (24%) 2 (10%) 0 (0%) 0 (0%) 5 (24%) 2.21 24 Ramon Morales 14 (0%) $197,500 $14,107 $31,401 9 13 (93%) 11 (79%) 5 (36%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.91 25 Luis Morales 11 (9%) $157,500 $14,318 $20,090 7 11 (100%) 9 (82%) 3 (27%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.71 22 Brian Morgan, agent 45 (7%) $4,404,500 $97,878 $125,919 21 44 (98%) 39 (87%) 13 (29%) 5 (11%) 1 (2.2%) 0 (0%) 18 (40%) 2.28 23 Morises Farm 23 (4%) $225,900 $9,822 $50,075 17 23 (100%) 19 (83%) 7 (30%) 0 (0%) 0 (0%) 0 (0%) 4 (17%) 0.89 33 John D. Murphy 12 (0%) $463,000 $38,583 $112,373 7 11 (92%) 10 (83%) 4 (33%) 2 (17%) 0 (0%) 0 (0%) 5 (42%) 2.09 24 Narvick International 171 (68%) $6,605,200 $38,627 $5,203 1 127 (74%) 97 (57%) 26 (15%) 0 (0%) 0 (0%) 0 (0%) 2 (1%) 1.44 16 Juan C. Negron 16 (0%) $509,000 $31,813 $33,444 4 13 (81%) 10 (63%) 6 (38%) 0 (0%) 0 (0%) 0 (0%) 2 (13%) 1.04 19 North Hills Management 31 (97%) $4,400,000 $141,935 0 30 (97%) 24 (77%) 8 (26%) 1 (3%) 1 (3.2%) 0 (0%) 0 (0%) 1.62 17 NW Management and Fleetwood 16 (6%) $5,825,000 $364,063 $166,749 1 15 (94%) 14 (88%) 3 (19%) 2 (13%) 1 (6.3%) 1 (6.3%) 3 (19%) 3.62 15 Demi O'Byrne 28 (11%) $27,155,000 $969,821 $275,432 2 28 (100%) 24 (86%) 16 (57%) 12 (43%) 10 (35.7%) 4 (14.3%) 16 (57%) 6.23 13 Dennis R. O'Neill 38 (3%) $2,213,000 $58,237 $109,586 15 33 (87%) 25 (66%) 8 (21%) 4 (11%) 2 (5.3%) 2 (5.3%) 10 (26%) 2.50 17 Earl O'Quinn 17 (0%) $125,400 $7,376 $14,524 6 16 (94%) 6 (35%) 1 (6%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.31 13 Gary Owens 24 (0%) $174,600 $7,275 $21,420 17 22 (92%) 18 (75%) 4 (17%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.46 21 Oxbow Racing 21 (0%) $931,000 $44,333 $48,995 6 20 (95%) 17 (81%) 2 (10%) 0 (0%) 0 (0%) 0 (0%) 4 (19%) 1.11 18 John C. Oxley 22 (0%) $6,590,000 $299,545 $123,751 1 19 (86%) 18 (82%) 2 (9%) 5 (23%) 3 (13.6%) 0 (0%) 6 (27%) 2.77 13 Christopher Paasch, agent 13 (15%) $1,625,000 $125,000 $156,406 7 12 (92%) 12 (92%) 7 (54%) 2 (15%) 2 (15.4%) 1 (7.7%) 7 (54%) 3.12 23 Pandora Farms 33 (6%) $1,857,500 $56,288 $55,723 12 29 (88%) 22 (67%) 5 (15%) 2 (6%) 1 (3%) 0 (0%) 4 (12%) 1.34 12 John R. Parker 13 (0%) $391,700 $30,131 $67,064 6 13 (100%) 10 (77%) 5 (38%) 1 (8%) 0 (0%) 0 (0%) 3 (23%) 1.47 15 Pegasus Bloodstock 22 (95%) $4,160,000 $189,091 0 21 (95%) 16 (73%) 7 (32%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 1.05 16 Victor Pimentel 22 (9%) $346,500 $15,750 $48,413 12 19 (86%) 14 (64%) 11 (50%) 1 (5%) 1 (4.5%) 1 (4.5%) 4 (18%) 1.37 26 Jose Pinchin 13 (23%) $208,000 $16,000 $76,365 8 13 (100%) 11 (85%) 4 (31%) 4 (31%) 0 (0%) 0 (0%) 5 (38%) 1.51 25 Pink N Blue Stable 17 (0%) $440,000 $25,882 $62,939 13 17 (100%) 15 (88%) 4 (24%) 0 (0%) 0 (0%) 0 (0%) 4 (24%) 1.30 23 Michael Pino 20 (0%) $586,800 $29,340 $62,286 13 18 (90%) 17 (85%) 7 (35%) 1 (5%) 0 (0%) 0 (0%) 3 (15%) 1.39 17 Anthony Pitalo 11 (0%) $150,000 $13,636 $19,774 6 10 (91%) 6 (55%) 1 (9%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.59 11 Eddie Plesa, agent 17 (6%) $1,015,000 $59,706 $106,416 15 17 (100%) 17 (100%) 9 (53%) 3 (18%) 0 (0%) 0 (0%) 8 (47%) 1.65 30 Todd A. Pletcher, agent 12 (17%) $2,710,000 $225,833 $139,786 4 12 (100%) 12 (100%) 5 (42%) 4 (33%) 1 (8.3%) 0 (0%) 8 (67%) 3.89 14 Evelyn Pollard 11 (9%) $1,630,000 $148,182 $230,040 2 10 (91%) 8 (73%) 3 (27%) 2 (18%) 1 (9.1%) 1 (9.1%) 3 (27%) 3.56 19 Terri Pompay, agent 23 (0%) $935,000 $40,652 $80,600 16 23 (100%) 22 (96%) 9 (39%) 0 (0%) 0 (0%) 0 (0%) 9 (39%) 1.55 25 Pony World Farm 29 (55%) $219,800 $7,579 $7,127 2 17 (59%) 6 (21%) 2 (7%) 0 (0%) 0 (0%) 0 (0%) 1 (3%) 1.46 15 Puglisi Stables 46 (4%) $8,202,000 $178,304 $141,488 10 44 (96%) 44 (96%) 12 (26%) 6 (13%) 2 (4.3%) 0 (0%) 16 (35%) 2.89 17 Rabbits Foot Stable 13 (0%) $460,000 $35,385 $43,041 5 13 (100%) 10 (77%) 2 (15%) 0 (0%) 0 (0%) 0 (0%) 2 (15%) 0.86 25 Joseph W. Raffa 11 (0%) $181,500 $16,500 $40,541 8 10 (91%) 10 (91%) 1 (9%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.79 25 J. Paul Reddam 25 (0%) $5,515,000 $220,600 $148,867 5 25 (100%) 24 (96%) 4 (16%) 1 (4%) 1 (4%) 1 (4%) 9 (36%) 2.82 18 Linda Rice, agent 13 (0%) $1,203,000 $92,538 $65,728 2 10 (77%) 10 (77%) 5 (38%) 2 (15%) 0 (0%) 0 (0%) 3 (23%) 1.59 16 Timothy F. Ritchey 17 (12%) $1,757,000 $103,353 $115,459 4 17 (100%) 17 (100%) 6 (35%) 3 (18%) 0 (0%) 0 (0%) 5 (29%) 2.55 19 E. Paul Robsham 13 (8%) $2,770,000 $213,077 $156,278 2 13 (100%) 11 (85%) 5 (38%) 2 (15%) 2 (15.4%) 1 (7.7%) 6 (46%) 3.66 14 Rocking B 15 (0%) $94,200 $6,280 $44,671 12 14 (93%) 12 (80%) 4 (27%) 0 (0%) 0 (0%) 0 (0%) 2 (13%) 0.93 28 Ervin Rodriguez 20 (0%) $597,000 $29,850 $74,834 8 17 (85%) 15 (75%) 8 (40%) 3 (15%) 2 (10%) 0 (0%) 3 (15%) 1.58 28 Rolbea Thoroughbred Racing 27 (4%) $330,700 $12,248 $25,422 12 19 (70%) 16 (59%) 2 (7%) 0 (0%) 0 (0%) 0 (0%) 1 (4%) 0.70 20 Dale Romans, agent 12 (0%) $1,400,000 $116,667 $39,899 1 10 (83%) 6 (50%) 4 (33%) 1 (8%) 0 (0%) 0 (0%) 1 (8%) 1.19 8 Manfred Roos 23 (0%) $296,300 $12,883 $35,456 15 22 (96%) 18 (78%) 11 (48%) 1 (4%) 0 (0%) 0 (0%) 2 (9%) 0.90 17 Rosebud Stables 11 (0%) $74,700 $6,791 $54,153 9 10 (91%) 8 (73%) 3 (27%) 0 (0%) 0 (0%) 0 (0%) 2 (18%) 0.83 40 John Sadler, agent 14 (7%) $2,229,000 $159,214 $202,040 6 13 (93%) 11 (79%) 2 (14%) 3 (21%) 1 (7.1%) 1 (7.1%) 5 (36%) 3.36 14 Nick Sallusto 12 (0%) $227,000 $18,917 $53,473 8 11 (92%) 8 (67%) 1 (8%) 1 (8%) 0 (0%) 0 (0%) 3 (25%) 1.30 23 John Salzman 25 (8%) $285,200 $11,408 $29,996 17 24 (96%) 20 (80%) 14 (56%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.73 17 San Jose Stable 17 (0%) $158,500 $9,324 $53,024 13 16 (94%) 13 (76%) 10 (59%) 0 (0%) 0 (0%) 0 (0%) 2 (12%) 1.13 24 Robert N. Scanlon, agent 13 (85%) $774,000 $59,538 $31,751 1 12 (92%) 8 (62%) 1 (8%) 1 (8%) 1 (7.7%) 0 (0%) 1 (8%) 0.55 10 Bruno Schickedanz 28 (4%) $218,866 $7,817 $34,333 15 21 (75%) 15 (54%) 4 (14%) 0 (0%) 0 (0%) 0 (0%) 2 (7%) 0.78 15 Cecil Seaman,, agent 11 (18%) $782,000 $71,091 $67,137 4 8 (73%) 6 (55%) 0 (0%) 1 (9%) 1 (9.1%) 0 (0%) 2 (18%) 1.39 21 Fusao Sekiguchi 12 (83%) $8,660,000 $721,667 $54,589 0 12 (100%) 9 (75%) 4 (33%) 1 (8%) 1 (8.3%) 0 (0%) 1 (8%) 1.44 13 Art Sherman 11 (0%) $320,000 $29,091 $59,146 7 11 (100%) 8 (73%) 5 (45%) 0 (0%) 0 (0%) 0 (0%) 3 (27%) 1.10 24 Laurie Silvera 14 (0%) $215,000 $15,357 $53,870 10 13 (93%) 12 (86%) 4 (29%) 0 (0%) 0 (0%) 0 (0%) 2 (14%) 1.01 19 Solaris Racing Stable 15 (7%) $1,950,000 $130,000 $95,747 2 14 (93%) 12 (80%) 5 (33%) 1 (7%) 1 (6.7%) 1 (6.7%) 4 (27%) 1.88 16 Uriah St. Lewis 18 (0%) $118,000 $6,556 $31,601 12 17 (94%) 11 (61%) 6 (33%) 1 (6%) 0 (0%) 0 (0%) 1 (6%) 0.68 26

marketwatch.bloodhorse.com / 19 2-Year-Olds in Training Buyers, 2001-2005 No. Bought Total Avg. Avg. Rnrs Wnrs 2yo Wnrs SW GSW GISW $100k+ Avg. Buyer (% Exp.) Price Price Earnings E>P (% Bght) (% Bght) (% Bght) (% Bght) (% Bght) (% Bght) Earners AEI Starts Joel Steinger 19 (11%) $612,000 $32,211 $30,473 4 13 (68%) 8 (42%) 2 (11%) 1 (5%) 0 (0%) 0 (0%) 2 (11%) 0.93 10 Sunshine Racing 11 (18%) $106,700 $9,700 $40,643 9 11 (100%) 7 (64%) 2 (18%) 1 (9%) 0 (0%) 0 (0%) 1 (9%) 0.85 22 Amy Tarrant 12 (0%) $1,556,000 $129,667 $85,731 1 9 (75%) 7 (58%) 1 (8%) 1 (8%) 1 (8.3%) 0 (0%) 2 (17%) 2.30 17 Ted Taylor 15 (0%) $440,500 $29,367 $79,360 9 15 (100%) 10 (67%) 2 (13%) 1 (7%) 1 (6.7%) 0 (0%) 3 (20%) 2.00 15 Jordan Taylor 11 (0%) $136,400 $12,400 $34,516 10 10 (91%) 9 (82%) 5 (45%) 1 (9%) 0 (0%) 0 (0%) 0 (0%) 0.91 20 Harvey Tenenbaum 12 (0%) $129,200 $10,767 $34,301 5 9 (75%) 5 (42%) 2 (17%) 0 (0%) 0 (0%) 0 (0%) 1 (8%) 1.28 9 The Thoroughbred Corp. 22 (9%) $10,680,000 $485,455 $226,725 5 20 (91%) 19 (86%) 10 (45%) 6 (27%) 5 (22.7%) 2 (9.1%) 10 (45%) 4.43 18 Tomoka Hills Farms 15 (13%) $1,752,000 $116,800 $73,074 3 15 (100%) 10 (67%) 3 (20%) 3 (20%) 2 (13.3%) 0 (0%) 3 (20%) 1.97 11 Track Ho Farms 16 (0%) $699,000 $43,688 $97,584 10 16 (100%) 13 (81%) 8 (50%) 1 (6%) 0 (0%) 0 (0%) 6 (38%) 1.87 19 Trinity Farms 34 (74%) $560,600 $16,488 $8,098 6 27 (79%) 21 (62%) 7 (21%) 5 (15%) 5 (14.7%) 3 (8.8%) 0 (0%) 0.40 15 Triple Crown Co. 22 (73%) $613,500 $27,886 $2,519 2 18 (82%) 14 (64%) 6 (27%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.72 12 Philip Troost 11 (0%) $88,200 $8,018 $28,900 3 6 (55%) 6 (55%) 2 (18%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.78 15 Arturo R. Umpierre 18 (0%) $322,500 $17,917 $21,452 9 17 (94%) 13 (72%) 4 (22%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.75 18 Ruben Valdes 16 (0%) $366,000 $22,875 $30,011 8 15 (94%) 14 (88%) 5 (31%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.80 25 Gayle Van Leer, agent 12 (0%) $859,000 $71,583 $32,785 2 6 (50%) 8 (67%) 3 (25%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.70 18 Anibal Virella 11 (0%) $109,200 $9,927 $20,614 6 9 (82%) 7 (64%) 1 (9%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.58 24 Barbara Vivian and D. Vittese 12 (17%) $394,000 $32,833 $72,210 4 11 (92%) 9 (75%) 8 (67%) 1 (8%) 0 (0%) 0 (0%) 1 (8%) 1.84 14 Elizabeth Walsh 17 (0%) $731,200 $43,012 $118,027 10 16 (94%) 15 (88%) 3 (18%) 1 (6%) 0 (0%) 0 (0%) 5 (29%) 2.15 25 Wesley Ward 19 (11%) $1,790,000 $94,211 $85,673 8 18 (95%) 16 (84%) 5 (26%) 2 (11%) 1 (5.3%) 0 (0%) 6 (32%) 1.64 20 Fred Warren 21 (5%) $195,000 $9,286 $35,346 17 20 (95%) 16 (76%) 8 (38%) 0 (0%) 0 (0%) 0 (0%) 1 (5%) 0.74 25 Ben C. Warren 17 (0%) $549,500 $32,324 $36,694 8 16 (94%) 12 (71%) 4 (24%) 1 (6%) 0 (0%) 0 (0%) 1 (6%) 0.88 16 Mike Weatherly 35 (0%) $1,136,800 $32,480 $36,233 15 33 (94%) 24 (69%) 3 (9%) 1 (3%) 1 (2.9%) 0 (0%) 2 (6%) 0.87 13 West Point Thoroughbreds 40 (3%) $3,974,000 $99,350 $133,330 14 36 (90%) 34 (85%) 8 (20%) 4 (10%) 2 (5%) 1 (2.5%) 10 (25%) 2.88 16 Mary Lou Whitney Stable 15 (0%) $2,137,000 $142,467 $60,125 2 14 (93%) 10 (67%) 2 (13%) 1 (7%) 0 (0%) 0 (0%) 4 (27%) 1.10 20 Robert Wilson 34 (15%) $1,088,500 $32,015 $101,865 19 32 (94%) 24 (71%) 7 (21%) 2 (6%) 2 (5.9%) 0 (0%) 13 (38%) 2.00 22 Aron Yagoda 15 (0%) $403,500 $26,900 $82,210 11 14 (93%) 12 (80%) 6 (40%) 0 (0%) 0 (0%) 0 (0%) 4 (27%) 1.74 20 York Bloodstock 12 (8%) $225,800 $18,817 $94,973 9 10 (83%) 10 (83%) 3 (25%) 1 (8%) 0 (0%) 0 (0%) 3 (25%) 1.82 26 Katsumi Yoshida 23 (87%) $6,005,000 $261,087 $300 0 21 (91%) 16 (70%) 10 (43%) 1 (4%) 1 (4.3%) 0 (0%) 0 (0%) 2.43 14 Ahmed Zayat 21 (5%) $2,480,000 $118,095 $119,000 9 19 (90%) 16 (76%) 4 (19%) 3 (14%) 1 (4.8%) 1 (4.8%) 6 (29%) 2.39 15 Ralph Ziadie 12 (0%) $613,000 $51,083 $105,227 9 12 (100%) 11 (92%) 6 (50%) 1 (8%) 0 (0%) 0 (0%) 5 (42%) 1.84 27 Stephen Zimmerman 17 (0%) $380,700 $22,394 $21,914 7 16 (94%) 14 (82%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0 (0%) 0.50 21 No. American & EU stallions: 200 By 2009 Earnings 2009 Statistics Lifetime Statistics 2009 Statistics Lifetime Statistics Rank Stallion Rnrs Wnrs Sw sp Earnings Fls sw % Fls gsw % Fls Rank Stallion Rnrs Wnrs Sw sp Earnings Fls sw % Fls gsw % Fls 1 Distorted Humor 87 10 0 1 $357,391 725 68 10% 26 4.10% 30 Trippi 53 9 0 1 $181,479 360 15 5% 3 1.30% 2 Tiznow 38 9 1 4 $297,059 387 17 5% 10 3.10% 31 Jump Start 49 12 0 0 $179,718 273 14 6% 2 1.20% 3 A.P. Indy 36 10 1 1 $281,083 955 115 13% 71 7.90% 32 Vindication 36 6 0 2 $179,500 260 5 2% 1 0.90% 4 Put It Back 44 8 2 2 $273,781 304 21 7% 11 4.10% 33 Montbrook 43 6 1 1 $176,868 643 41 7% 12 2.40% 5 Forest Wildcat 45 13 0 1 $263,334 688 57 9% 16 2.80% 34 Songandaprayer 45 10 0 1 $174,519 313 14 5% 4 1.80% 6 Mutakddim 59 13 2 1 $251,749 1059 73 7% 36 3.90% 35 Poliglote (GB) 24 5 1 0 $170,023 566 35 7% 14 3.00% 7 Unusual Heat 45 9 0 2 $251,635 399 18 5% 6 2.00% 36 Yonaguska 49 7 1 0 $169,672 332 7 3% 0 0.50% 8 Storm Cat 22 3 1 0 $249,587 1297 169 14% 102 8.40% 37 Awesome Again 31 7 1 0 $166,916 519 33 7% 21 4.50% 9 Menifee 42 8 3 0 $247,499 313 24 8% 5 2.10% 38 Leestown 44 8 0 0 $165,045 428 15 4% 0 0.50% 10 Mizzen Mast 37 6 2 0 $244,232 255 10 4% 4 2.10% 39 Maria's Mon 38 7 0 0 $162,293 773 40 6% 20 3.10% 11 Unbridled's Song 38 7 3 1 $241,234 966 75 8% 30 3.60% 40 Touch Gold 55 8 0 1 $161,371 579 25 5% 9 2.10% 12 Grand Slam 58 12 0 1 $239,016 978 48 5% 15 2.00% 41 Outflanker 42 11 0 0 $160,933 368 17 5% 5 1.90% 13 Royal Applause (GB) 34 9 0 0 $232,947 636 32 6% 14 2.70% 42 Pulpit 47 7 0 0 $158,637 521 38 8% 21 4.50% 14 Candy Ride (ARG) 22 5 2 2 $231,759 175 4 3% 2 1.60% 43 Petionville 46 5 0 0 $156,229 473 27 6% 8 2.20% 15 Include 42 12 0 0 $227,354 237 7 3% 2 1.30% 44 Northern Afleet 55 9 0 1 $155,489 516 22 5% 3 1.10% 16 Stormy Atlantic 50 6 0 2 $227,260 716 43 7% 16 2.70% 45 Lion Heart 23 3 1 1 $151,360 249 5 3% 2 1.30% 17 Lemon Drop Kid 38 8 1 2 $219,729 383 38 10% 12 3.60% 46 Orientate 36 6 0 0 $148,740 379 13 4% 4 1.60% 18 Malibu Moon 58 7 1 2 $206,351 468 34 8% 6 1.80% 47 More Than Ready 60 6 0 0 $148,254 882 50 6% 13 2.00% 19 Yes It's True 68 9 0 2 $204,281 420 26 7% 8 2.40% 48 Lion Hearted 48 8 0 0 $147,481 356 9 3% 1 0.80% 20 Giant's Causeway 57 6 1 2 $204,234 936 58 7% 30 3.70% 49 Speightstown 10 4 2 0 $146,500 125 3 3% 2 2.10% 21 Victory Gallop 54 8 0 0 $204,170 484 27 6% 8 2.20% 50 Exchange Rate 33 7 1 2 $146,216 229 18 8% 6 3.10% 22 Smart Strike 57 6 0 2 $201,228 687 59 9% 29 4.70% 51 Snuck In 46 12 0 0 $142,008 241 3 2% 0 0.50% 23 Tale of the Cat 53 4 1 0 $197,527 1169 56 5% 22 2.40% 52 Brahms 39 9 0 0 $138,541 432 8 2% 2 1.00% 24 Whywhywhy 20 4 2 0 $197,509 119 4 4% 2 2.20% 53 Nikos (GB) 10 2 1 0 $138,029 659 36 6% 4 1.10% 25 Broken Vow 64 8 1 1 $196,858 433 20 5% 7 2.10% 54 War Chant 32 5 0 1 $135,818 317 18 6% 7 2.70% 26 Catienus 48 10 2 0 $196,202 336 20 6% 2 1.10% 55 Hold That Tiger 42 7 0 0 $134,976 345 3 1% 0 0.50% 27 Smoke Glacken 46 11 0 2 $187,498 561 38 7% 9 2.10% 56 Yankee Victor 35 9 1 0 $134,231 288 8 3% 4 1.90% 28 Not For Love 48 7 1 1 $187,265 652 54 9% 10 2.00% 57 Mineshaft 27 5 1 0 $133,118 174 5 3% 2 1.60% 29 Indian Charlie 42 7 1 0 $185,651 467 41 9% 10 2.60% 58 Rahy 29 6 0 0 $129,914 1004 83 9% 44 4.90% For stallions that stand, will stand, or stood (deceased) in Europe and North America (stallions exported prior to the 2004 breeding season are excluded), and have runners in North America. Listed above are all available statis- tics for the Northern Hemisphere through Jan. 21, 2009. As supplied by The Jockey Club Information Systems, Inc., earnings exclude monies from Japan and Hong Kong. Foal counts include Southern Hemisphere. Cumulative stakes winners include all countries; some additional foreign foals may be included in the foal counts. 20 / marketwatch.bloodhorse.com The Blood-Horse MarketWatch 200 Stallions

2009 Statistics Lifetime Statistics 2009 Statistics Lifetime Statistics Rank Stallion Rnrs Wnrs Sw sp Earnings Fls sw % Fls gsw % Fls Rank Stallion Rnrs Wnrs Sw sp Earnings Fls sw % Fls gsw % Fls 59 Tiger Ridge 58 6 0 1 $129,715 352 14 4% 3 1.40% 131 Sunday Break (JPN) 26 5 0 0 $84,943 166 2 2% 1 1.10% 60 Repent 42 6 0 2 $129,222 210 6 3% 2 1.50% 132 Kahyasi (IRE) 23 2 0 2 $84,593 657 54 9% 20 3.50% 61 E Dubai 25 7 0 0 $128,693 341 10 3% 3 1.40% 133 Medaglia d'Oro 19 3 0 0 $83,630 174 4 3% 2 1.60% 62 Harlan's Holiday 35 5 0 1 $125,453 182 7 4% 3 2.10% 134 Zavata 16 5 0 1 $83,361 143 1 1% 0 0.50% 63 Full Mandate 44 8 0 0 $125,367 219 1 1% 0 0.50% 135 Congaree 11 4 0 0 $83,320 113 3 3% 1 1.40% 64 Yankee Gentleman 17 7 1 1 $125,166 142 4 3% 0 0.50% 136 Valid Expectations 30 4 0 1 $82,524 468 32 7% 3 1.10% 65 Fusaichi Pegasus 53 5 0 1 $124,604 958 38 4% 15 2.10% 137 General Meeting 10 2 1 0 $82,511 471 34 8% 7 2.00% 66 El Corredor 38 6 0 0 $121,800 413 14 4% 8 2.40% 138 Bertrando 34 5 0 0 $82,341 822 48 6% 11 1.80% 67 Carson City 33 5 0 1 $121,563 1024 98 10% 35 3.90% 139 Deputy Commander 33 6 0 0 $82,330 517 23 5% 4 1.30% 68 Indygo Shiner 1 1 1 0 $120,000 276 8 3% 7 3.00% 140 Singspiel (IRE) 35 1 0 1 $82,322 719 63 9% 29 4.50% 69 Proud Citizen 27 5 1 0 $119,982 216 5 3% 2 1.40% 141 Gold Token 15 4 0 0 $82,306 265 7 3% 0 0.50% 70 Chapel Royal 33 6 0 0 $119,617 194 0 1% 0 0.50% 142 Posse 37 3 0 0 $82,291 185 7 4% 2 1.60% 71 Johannesburg 35 7 0 0 $119,202 669 20 3% 15 2.70% 143 Stephen Got Even 39 5 0 0 $81,844 374 16 5% 8 2.60% 72 Point Given 27 4 1 0 $118,894 278 12 5% 5 2.30% 144 Cuvee 13 2 0 1 $81,428 156 2 2% 0 0.50% 73 Delaware Township 33 4 1 0 $117,850 201 5 3% 3 2.00% 145 Two Punch 19 3 0 1 $81,376 933 52 6% 7 1.30% 74 Tactical Cat 46 7 1 1 $115,641 416 22 6% 6 1.90% 146 Cactus Ridge 24 7 0 0 $81,340 183 1 1% 0 0.50% 75 Ghostly Moves 17 1 1 1 $114,712 153 14 10% 0 0.50% 147 Empire Maker 23 2 0 1 $81,221 222 8 4% 4 2.30% 76 Zarbyev 28 4 1 0 $114,400 287 13 5% 1 0.80% 148 Dance Brightly 21 5 0 0 $80,162 534 18 4% 6 1.60% 77 Langfuhr 54 3 0 1 $113,927 1068 56 6% 18 2.20% 149 Orpen 21 4 0 1 $79,449 1218 35 3% 17 1.90% 78 Dixie Union 33 4 1 0 $113,489 410 26 7% 11 3.20% 150 Holy Bull 41 4 0 0 $79,174 780 36 5% 13 2.20% 79 Kafwain 17 4 1 1 $113,377 197 7 4% 2 1.50% 151 Bernstein 40 3 0 1 $79,016 766 44 6% 25 3.80% 80 Sky Mesa 24 4 0 1 $113,320 204 7 4% 5 3.00% 152 Oscar Schindler (IRE) 5 1 0 0 $79,003 138 1 1% 0 0.50% 81 Gulch 35 5 0 0 $112,908 1003 70 7% 30 3.50% 153 Moscow Society 14 1 1 2 $78,774 504 8 2% 0 0.50% 82 Ecton Park 37 4 0 0 $112,598 273 9 4% 2 1.20% 83 Time Bandit 30 6 0 0 $112,247 173 3 2% 0 0.50% 154 Aptitude 30 5 0 0 $77,967 345 7 3% 3 1.40% 84 Storm Boot 39 6 0 0 $111,846 682 55 9% 9 1.80% 155 Halo's Image 33 4 0 0 $77,803 442 17 4% 3 1.20% 85 Broad Brush 10 3 1 0 $111,190 668 93 14% 37 6.00% 156 Kissin Kris 16 1 1 0 $77,773 437 14 4% 6 1.90% 86 Chief Seattle 39 9 0 0 $107,363 309 9 3% 3 1.50% 157 Hernando (FR) 22 2 1 0 $77,743 496 47 10% 17 3.90% 87 Forest Camp 34 4 0 0 $106,801 333 10 4% 6 2.30% 158 Friends Lake 15 2 1 1 $77,532 106 3 3% 1 1.40% 88 Mr. Greeley 33 5 0 0 $106,655 918 43 5% 20 2.70% 159 Stravinsky 39 4 0 0 $77,518 878 54 7% 28 3.70% 89 Ide 36 3 0 0 $106,189 389 14 4% 1 0.80% 160 Old Vic (GB) 29 4 1 1 $77,495 863 29 4% 3 0.80% 90 Gold Tribute 29 5 0 0 $105,955 352 10 3% 6 2.20% 161 Wiseman's Ferry 23 3 0 0 $77,374 153 2 2% 0 0.50% 91 Benchmark 55 8 0 1 $104,886 466 22 5% 6 1.80% 162 Louis Quatorze 36 4 0 0 $77,282 792 32 5% 12 2.00% 92 Out of Place 27 8 0 0 $104,829 596 37 7% 9 2.00% 163 Greatness 19 4 0 0 $77,091 86 1 2% 0 0.50% 93 Lavirco (GER) 13 2 2 0 $104,687 306 12 4% 2 1.20% 164 Skip Away 23 5 0 1 $77,050 446 20 5% 4 1.40% 94 Quiet American 33 3 1 0 $103,231 696 48 7% 19 3.20% 165 Forestry 37 1 0 1 $76,495 511 32 7% 12 2.80% 95 Monarchos 18 3 1 0 $101,640 258 10 4% 1 0.90% 166 Helmsman 16 5 0 0 $76,343 251 7 3% 0 0.50% 96 Pistolet Bleu (IRE) 17 4 1 2 $100,664 511 24 5% 4 1.30% 167 Honor Glide 20 5 0 0 $75,762 131 1 1% 1 1.30% 97 Vicar 34 6 0 0 $100,094 318 9 3% 5 2.10% 168 In Excess (IRE) 30 1 0 0 $75,435 816 56 7% 11 1.80% 98 Successful Appeal 32 7 0 0 $99,875 257 21 9% 7 3.20% 169 Desert Prince (IRE) 23 4 0 0 $75,423 965 36 4% 16 2.20% 99 Golden Missile 44 4 0 0 $99,776 423 10 3% 3 1.20% 170 Diamond 19 1 0 0 $73,746 227 5 3% 1 0.90% 100 Desert Warrior 13 3 0 0 $98,347 115 0 1% 0 0.50% 171 Afternoon Deelites 27 2 0 1 $73,108 488 22 5% 7 1.90% 101 Red Ransom 38 5 0 0 $97,509 1594 90 6% 50 3.60% 172 Wild Event 30 3 0 0 $73,029 348 20 6% 9 3.10% 102 In Excessive Bull 16 2 1 0 $97,402 246 8 4% 0 0.50% 173 Marquetry 21 3 0 0 $71,980 823 34 5% 8 1.50% 103 Seeking the Gold 23 3 1 2 $97,026 878 89 11% 48 6.00% 174 Presenting (GB) 41 5 0 0 $71,944 973 15 2% 0 0.50% 104 Buddha 40 6 0 0 $95,957 422 3 1% 0 0.50% 175 Dr Fong 35 6 0 1 $71,309 613 24 4% 4 1.20% 105 Suave Prospect 33 5 1 0 $95,758 353 14 4% 3 1.30% 176 Smokin Mel 9 3 0 0 $71,259 42 0 1% 0 0.50% 106 Cat Thief 38 5 0 0 $95,492 340 11 4% 4 1.70% 177 Lesotho 4 1 0 0 $71,257 445 13 3% 1 0.70% 107 Lit de Justice 29 3 0 0 $95,283 372 19 6% 2 1.00% 178 Judge T C 28 2 0 0 $70,599 447 17 4% 8 2.30% 108 Came Home 32 4 0 0 $95,240 243 9 4% 2 1.30% 179 Ten Most Wanted 12 3 0 0 $70,432 92 0 1% 0 0.50% 109 Graeme Hall 35 6 0 1 $95,122 203 9 5% 3 2.00% 180 Mull of Kintyre 16 2 1 0 $68,658 551 8 2% 3 1.00% 110 Meadowlake 20 5 0 1 $93,975 907 59 7% 18 2.50% 181 Poteen 9 3 0 0 $68,610 70 3 5% 0 0.50% 111 Street Cry (IRE) 22 5 0 0 $92,808 397 24 7% 17 4.80% 182 Peace Rules 21 3 0 0 $68,369 145 2 2% 0 0.50% 112 Silver Deputy 31 4 0 0 $92,724 952 76 8% 22 2.80% 183 Five Star Day 34 2 0 0 $68,280 302 11 4% 3 1.50% 113 Dynaformer 33 1 0 2 $92,019 1011 94 10% 38 4.30% 184 High Yield 40 3 0 1 $68,169 808 23 3% 5 1.10% 114 Lord Carson 32 3 0 1 $91,753 464 25 6% 4 1.40% 185 Daylami (IRE) 21 4 1 0 $67,607 452 15 4% 3 1.20% 115 Rashar 3 1 0 0 $91,658 307 4 2% 0 0.50% 186 Trust N Luck 22 3 0 0 $67,325 124 3 3% 0 0.50% 116 Sefapiano 17 5 1 0 $91,550 287 20 7% 4 1.90% 187 Cimarron Secret 16 7 0 0 $66,474 115 3 3% 0 0.50% 117 Sultry Song 21 6 1 1 $91,204 610 21 4% 7 1.60% 118 Royal Academy 36 4 0 0 $91,145 2099 156 8% 86 4.60% 188 Milwaukee Brew 23 4 0 1 $66,341 196 6 4% 0 0.50% 119 Belong to Me 35 3 0 1 $91,074 1131 61 6% 23 2.50% 189 Muhtathir (GB) 16 2 0 0 $66,082 216 7 4% 4 2.40% 120 Elusive Quality 41 4 0 1 $91,059 797 41 6% 14 2.30% 190 Concerto 32 2 0 0 $66,050 318 18 6% 9 3.30% 121 Tapit 17 4 0 0 $90,464 112 3 3% 2 2.30% 191 Loup Solitaire 17 2 0 1 $66,017 438 18 5% 3 1.20% 122 Devil His Due 47 5 0 1 $89,291 799 33 5% 8 1.50% 192 Sweetsouthernsaint 20 2 1 0 $65,920 282 9 4% 2 1.20% 123 Storm Day 34 5 0 0 $88,810 223 2 1% 0 0.50% 193 Richly Blended 13 3 1 0 $65,555 112 2 2% 0 0.50% 124 Tribal Rule 18 6 0 0 $88,167 147 10 7% 1 1.20% 194 Crowd Pleaser 6 2 0 0 $65,507 135 4 3% 1 1.20% 125 Gilded Time 24 7 0 0 $87,959 1042 53 6% 19 2.30% 195 Flying Continental 15 2 0 1 $65,489 493 23 5% 2 0.90% 126 Cape Canaveral 31 5 0 1 $87,578 291 15 6% 5 2.20% 196 Cherokee Run 40 2 0 0 $65,464 676 38 6% 17 3.00% 127 Waky Nao (GB) 1 1 1 0 $87,261 155 6 4% 2 1.80% 197 Straight Man 28 4 0 0 $65,030 290 8 3% 2 1.20% 128 El Prado (IRE) 36 2 0 0 $87,007 841 71 9% 28 3.80% 198 Medicean (GB) 19 4 0 1 $64,978 308 11 4% 8 3.10% 129 Salt Lake 31 6 0 0 $85,908 1104 62 6% 22 2.50% 199 Thunder Gulch 40 3 0 0 $64,748 1699 65 4% 33 2.40% 130 Officer 36 4 0 1 $85,589 260 16 7% 3 1.70% 200 Van Nistelrooy 31 5 0 0 $64,243 336 13 4% 8 2.90%

marketwatch.bloodhorse.com / 21 Close Encounters By Alan Porter FIRST-YEAR SIRE REVIEW New Sires with Fees of $10k and Up

urlin (2004, Smart Strike — Sherriff’s Deputy, by Deputy grade I winner in Oath, a daughter of Known Fact. War Pass should CMinister) retires to stud as the highest ever U.S.-trained money be interesting back over mares descending from his broodmare sire, earner. He is by a Mr. Prospector son who started his career as a Mr. Prospector, and he’s free of Northern Dancer. mid-range stallion, but has worked his way to the top of the ladder, A member of the first crop by his sire — as are Street Sense and was leading sire for 2007 and 2008. Out of a Deputy Minister and Zenyatta — Street Boss (2004, Street Cry (IRE) — Blushing mare, Curlin is a product of the Mr. Prospector/Northern Dancer Ogygian, by Ogygian) matured into a stellar sprinter in 2008. cross, but he should do well when bred back over Northern Dancer, Street Boss comes from a branch of a (French breeder) Marcel particularly through Danzig (who sired superstar Dance Smartly Boussac family that has most recently flourished in Germany. out of the dam of Smart Strike) and Northern Dancer/Sir Ivor (Sir His granddam is also a half-sister to world traveler Running Stag. Gaylord) or Northern Dancer/Secretariat crosses. A look at his pedigree shows that he is completely free of Northern We didn’t get to see Curlin and his rival for 2008 Horse of Year Dancer, a strain that has been exceptional for his sire and grandsire. honors, Big Brown (2005, Boundary The versatile Heatseeker (IRE) — Mien, by Nureyev), meet on the (2003, Giant’s Causeway — Rusty track. Because they are retiring in Back, by Defensive Play) set track the same season, however, we can marks from seven to 10 furlongs. By at least enjoy a battle for supremacy the leading sire son of Storm Cat, out of as sires. Big Brown’s sire, Boundary, a half-sister to grade I winner Spanish was a speedy and not particularly Fern, he’s from the family that also sound son of Danzig. He was no produced group I winners Al Bahathri more than a useful sire but did get and Haafhd. Out of a mare descending two other grade/group I winners, from Mr. Prospector through Fappiano, the sprinters Minardi and Pomeroy. he’s likely to enjoy meeting mares from Big Brown’s dam, who comes other branches of the Mr. Prospector from the same family as champi- Anne M . E berh a rdt line. Nijinsky II is going to be another on older mare Hidden Lake, is a Curlin good strain to bring in here. Nureyev mare inbred to the sister/brother Thong and Lt. Stevens. Hopeful Stakes (gr. I) winner Majestic Warrior (2005, A.P. Indy Big Brown’s own pedigree owns an intriguing pattern as both — Dream Supreme, by Seeking the Gold) is the only son of his sire Boundary’s dam and Big Brown’s third dam are by Damascus out to take an event at the highest level over less than a mile. Majestic of mares by Round Table. He’s free of Mr. Prospector and Seattle Warrior (whose first two dams are the grade I-winning Dream Slew, two lines that would have appeal here. He should also like Supreme and Spinning Round), looks an interesting horse to breed any injections of the Rough Shod II family. to mares with the Mr. Prospector/Northern Dancer or Northern Henrythenavigator (2005, Kingmambo — Sequoyah (IRE), by Dancer/Mr. Prospector cross (or by stallions bred on those crosses), Sadler’s Wells), owns a classic pedigree, but was precocious enough and bringing in Storm Cat (bred on a similar cross to this horse’s to capture the Coventry Stakes (Eng-II) over six furlongs at Royal second dam), is highly-recommended. Ascot at 2, in a new course record. At 3, he took in succession the Champion sprinter and twice Breeders’ Cup Sprint (gr. I) vic- Stanjamesuk.com Two Thousand Guineas (Eng-I), the Boylesports tor Midnight Lute (2003, Real Quiet — Candytuft, by Dehere) is Irish Two Thousand Guineas (Ire-I), the St. James’s Palace Stakes another who should like Storm Cat-line mares (Storm Cat’s pedigree (Eng-I), and the BGC Sussex Stakes (Eng-I). Those races saw him echoing the Northern Dancer/Secretariat cross in his broodmare twice defeat five-times group I winner New Approach (IRE) and gain sire, Dehere). Incidentally, despite his speed, Midnight Lute not only three victories over 2008 Breeders’ Cup Classic (gr. I) victor Raven’s is by a Kentucky Derby (gr. I) winner, but actually comes from a Pass. He ended his career with an excellent second in the Classic European family. His granddam, graded stakes winner Bolt From when making his only start on a synthetic surface. Bred on the Mr. the Blue, is out of Berkut (stakes-winning sister to Gyr, runner-up in Prospector/Northern Dancer “mega-cross,” Henrythenavigator is Nijinsky II’s Epsom Derby) and is half-sister to Grand Criterium (Fr- inbred to Northern Dancer, but the position and distance allow for I) victress Alydar’s Best. In addition to Storm Cat, another promising more of that strain. He’s also open for another cross of Kingmambo, strain to add here is Northern Dancer. that with mares from the Seattle Slew line. The prematurely-deceased Chester House (a Mr. Prospector half- War Pass (2005, Cherokee Run — Vue, by Mr. Prospector) was brother to Empire Maker, both stallions produced by the recently- an exceptional juvenile champion, winning all four of his starts, passed 2002 Broodmare of the Year Toussaud) made a relatively quiet including the Champagne Stakes and Bessemer Trust Breeders’ Cup start to his stud career but exploded as a stallion in 2008. One of his Juvenile (both gr. I), the latter of which he took by nearly five lengths. stars was Divine Park (2004, Chester House — High in the Park, by He only started three times at 3 but won an allowance event and was Ascot Knight), who took the Westchester Handicap (gr. III) by five a close and courageous second in the Wood Memorial Stakes (gr. I) lengths and captured the Metropolitan Handicap (gr. I) a few weeks after being tackled by a “rabbit.” His sire, a champion sprinter, is a later. The previous year he had set a track record for seven furlongs at grandson of Blushing Groom (FR). His dam bred another juvenile Keeneland, and had also won the Withers Stakes (gr. III) at Aqueduct.

22 / marketwatch.bloodhorse.com Coincidentally, the next horse we come to, grade I-winning (both gr. I). Out of a graded stakes-placed mare, Street Hero sprinter First Defence (2004, Unbridled’s Song — Honest Lady, by goes back Giff-Gaff, a similarly-bred half-sister to breed-shaper Seattle Slew), also has a pedigree connection to Empire Maker. His Turn-to. Mares descending from Storm Cat and A.P. Indy look dam is a grade I-winning half-sister to that horse, and he is by a son particularly interesting here. of Empire Maker’s sire, Unbridled. With only one distant strain of Tiz Wonderful (2004, by Tiznow — Evil, by Hennessy), was Northern Dancer, that line, including through Storm Cat, remains unbeaten at 2, winning the Iroquois Stakes (gr. III) and Kentucky a good option here, as does breeding back to mares by sons and Jockey Club Stakes (gr. II). Bred on similar lines to champion grandsons of Seattle Slew (Empire Maker already has a grade I win- 2-year-old filly Folklore, he’s out of a mare by a Storm Cat-line ner on this cross). stallion, with a dam from the Mr. Prospector line, and this invites Student Council (2002, Kingmambo — Class Kris, by Kris S.) mares with Northern Dancer/Mr. Prospector or Mr. Prospector/ proved to be an inspired purchase for Millennium Farms owner Ro Northern Dancer crosses. Parra, carrying his colors to wins in three graded events, including the Brother Derek (2003, Benchmark — Miss Soft Sell, by Siyah Pacific Classic and Maryland Lottery Pimlico Special (both gr. I) The Kalem) — a grade I winner at 2 and 3 — represents what may be son of Kingmambo is from a family that has crossed well with A.P. a last chance for the Alydar branch of the Raise a Native line. Most Indy, suggesting opportunity for mares descending from that horse Northern Dancer and Seattle Slew lines look to be an option here, and his sire, Seattle Slew. Student Council is and inbreeding to his broodmare sire line open to virtually all of the strains that have (Mr. Prospector) might also work. worked with his sire, not least Sadler’s Wells. Harlington, (2002, Unbridled — Donn Handicap (gr. I) winner Spring At We didn’t get to see Curlin Serena’s Song, by Rahy) a $2.8 million Last (2003, Silver Deputy — Winter’s Gone, and his rival [Big Brown] yearling, gained a graded stakes win in by Dynaformer) is by the same sire as 2007 the Gulfstream Park Handicap (gr. II) and leading freshman sire Posse, and is half-broth- for Horse of the Year … has a mouth-watering pedigree. His dam er to grade I winner Sharp Lisa and multiple meet on the track. produced group I winner Sophisticat and graded stakes winner Sharp Susan. His dam grade II winner Grand Reward to Storm has an intriguing pedigree with the brothers However, we can at least Cat, and as that horse has done well His Majesty and Graustark 3 x 2. Posse started enjoy a battle for under Unbridled, we have at least one well with mares that gave inbreeding to Mr. ready-made cross here. Prospector (broodmare sire of Silver Deputy), supremacy as sires. The very rapid J Be K (2005, Silver and the Majestic Light strain is another that Deputy — Major Wager, by Valid Wager) is a will be interesting to introduce here. second major son of his sire to retire this year. This is another horse The most expensive stallion retiring to Florida for 2009 that will like Mr. Prospector in his mares, and horses with a lot of is Circular Quay (2004, Thunder Gulch — Circle of Life, by Man o’ War and related War Relic and Eight Thirty in their back- Belong to Me), a graded stakes winner at 2, 3, and 4, includ- grounds will be a bonus. (Meadowlake is one source of Eight Thirty ing the Hopeful Stakes (gr. I) as a juvenile. His dam, Circle of with a lot of appeal here.) Life, was also a juvenile star, winning the Spinaway Stakes (gr. California sire In Excess (IRE) has one very good Kentucky- I). Circular Quay is inbred to Northern Dancer through Storm based son in Indian Charlie. Now Notional (2004, In Excess — Bird, Danzig, and Nijinsky II, and to Raise a Native through Mr. Truly Blessed, by French Deputy) bids to follow in that horse’s foot- Prospector, Exclusive Native, and Alydar. It will be intriguing to steps. He has a rather interesting pedigree as he’s inbed 4 x 4 to La see whether he does best with further infusions of those strains, Morlaye, the granddam of Siberian Express (sire of In Excess). That or as an outcross. mare is from the Myrtlewood family, so Mr. Prospector and Seattle A brother to champion 2-year-old filly Dreaming of Anna, Lewis Slew are highly recommended. Michael (2003, Rahy — Justenuffheart, by Broad Brush) was a turf We’ve mentioned several lightly-raced performers in this arti- stakes winner at 2, and graded stakes winner on the all-weather at cle, but Seeking the Dia (2001, Storm Cat — Seeking the Pearl, 4 and 5. Out of a stakes-winning half-sister to champion turf horse by Seeking the Gold), arrived from Japan as the winner of four Kitten’s Joy, Lewis Michael is free of Northern Dancer (a prime cross Japanese graded events, and was twice second in the Japan Cup for his sire), Mr. Prospector, and Seattle Slew. Dirt (Jpn-I), beaten a nose. His dam, from the family of Lyphard, The early leader of the Eastern juveniles in his crop, Ready’s was twice a grade I winner in Japan and was also champion older Image (2005, More Than Ready — Clever Phrase, by Clever Trick) mare in Europe. He’s bred on an identical sire line nick to the very won the Tremont Stakes and Sanford Stakes (gr. II), and then fin- successful young sire Pure Prize, a horse who has done well when ished second in the Hopeful (gr. I). He had a knee chip removed bred back over Mr. Prospector-line mares. over the winter before adding another sprint stakes on his debut at Multiple graded stakes winner Zanjero (2004, Cherokee Run — 3. A Halo-line sire, he’s another who is effectively an outcross for Checkered Flag, by A.P. Indy) is by the same sire as War Pass. His Northern Dancer and Mr. Prospector (he has a cross of both, but it chances at stud must be improved by the fact that he’s from the will be in the fifth generation of his foals), and his sire enjoyed suc- same Blushing Groom (FR) sire line and same immediate family as cess when crossed over mares from both lines. Primal Force, the dam of the highly-successful sire Awesome Again Street Hero (2006, Street Cry (IRE) — Squall Linda, by and that horse’s half-brother, champion 2-year-old and promising Summer Squall) broke his maiden when defeating Midshipman young stallion Macho Uno. Their sire lines — Deputy Minister and for the Norfolk Stakes (gr. I) and was third to that horse in the Holy Bull — are prospects here, as is Northern Dancer, who is absent Del Mar Futurity and Bessemer Trust Breeders’ Cup Juvenile in his pedigree. It could also pay to bring in more Mr. Prospector. M

marketwatch.bloodhorse.com / 23 Leading Indicators N. American Gross Sales Revenue, 1999-2008 Volume XII, Number 10 The line graph below $1,400,000,000 Yearlings $1,400,000,000 The Blood-Horse MarketWatch charts the gross revenue Yearlings Weanlings is published monthly of North American public Weanlings 2-Year-Olds $1,200,000,000 by Blood–Horse Publications auctions between 2-Year-Olds Broodmares $1,200,000,000 3101 Beaumont Centre Circle, Lexington, KY 40513. 1999-2008. Sales include Broodmares Total Editor Contributors yearlings, weanlings, $1,000,000,000 Total Eric Mitchell Avalyn Hunter $1,000,000,000 2-year-olds, and brood- mares. The chart "Dollars Associate Editors Alan Porter Ron Mitchell in the Auction Market, $800,000,000 Scot Gillies Matt O'Neil $800,000,000 2004-2008" provides a Tom Hall Rachel Pagones more in-depth statistical $600,000,000 Computer Services Michael Youngs counterpart to the line Kristin Manning $600,000,000 Jon McKinney graph. In addition to Carroll D. Vice Andrew Cary gross revenue, the chart $400,000,000 Ann Ferland includes the average and $400,000,000 Creative Director Promotions median price, number Suzanne C. Dorman Robert Bolson sold, and percentage $200,000,000 Art Director Vice President, $200,000,000 change between 2007 and 2008 for each category. Dana C. Kelley Operations $0 Marla Bickel 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Production $0 Lisa Coots 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 President Treasurer Dollars in the Auction Market, 2004-2008 Stacy V. Bearse Janet Landry Editor-in-Chief Corporate Secretary YEARLINGS Dan Liebman Ellen A. Kiser 2004 2005 2006 2007 2008 from ’07 Copyright © 2009, by Blood-Horse Publications. All rights Gross Revenue $497,153,983 $553,928,546 $579,176,596 $561,846,659 $468,283,587 -16.7% reserved. This publication may not be reproduced, in Number Sold 9,412 10,088 10,142 10,160 9,094 -10.5% whole or in part, in any form or by any means, electronic or otherwise, without the prior written permission of Average Price $52,821 $54,910 $57,107 $55,300 $51,494 -6.9% Blood-Horse Publications. To request permission to reprint, Median $13,200 $13,500 $14,000 $15,000 $12,500 -16.7% please call 859-276-6723. WEANLINGS Statistics herein are compiled from data obtained from The Jockey Club Information Systems, Inc., Blood-Horse 2004 2005 2006 2007 2008 from ’07 Publications, Equibase, Daily Racing Form, Inc., and other Gross Revenue $71,730,989 $79,737,644 $100,723,243 $86,770,649 $57,066,068 -34.2% sources. While data contained are gathered from reliable Number Sold 1,952 1,824 2,022 1,954 1,525 -22% sources, accuracy and completeness cannot be guaran- teed. Data and information are subject to change without Average Price $36,747 $43,716 $49,814 $44,407 $37,420 -15.7% notice. Any reproduction thereof is prohibited. Median $15,000 $15,000 $17,000 $17,000 $10,000 -41.2% The publisher does not give advice for Thoroughbred investors or act as an advisor. Opinions published herein 2-YEAR-OLDS are those of the writers and do not reflect the views of 2004 2005 2006 2007 2008 from ’07 Blood-Horse Publications. Gross Revenue $175,336,258 $190,888,903 $217,100,214 $193,075,244 $182,671,515 -5.4% If you have comments or suggestions, we would like to hear from you. Please address all correspondence to Jason Number Sold 3,009 3,137 3,107 3,122 2,857 -8.5% Russo, The Blood-Horse MarketWatch, P.O. Box 919003, Average Price $58,271 $60,851 $69,875 $61,843 $63,938 +3.4% Lexington, KY 40591-9003. E-mail: marketwatch@blood- Median $20,000 $22,000 $24,000 $20,000 $20,000 0% horse.com BROODMARES 2004 2005 2006 2007 2008 from ’07 READER SERVICES Gross Revenue $289,401,203 $298,281,368 $328,912,274 $370,099,831 $257,153,903 -30.5% Subscription Services: Number Sold 5,092 5,122 5,261 5,199 4,365 -16% For inquiries on new subscriptions, renewals, subscrip- Average Price $56,834 $58,235 $62,519 $71,187 $58,913 -17.2% tion payments, missing or damaged issues, change of Median $9,500 $10,000 $11,500 $12,500 $11,000 -12% address or billing: TOTALS CALL: 24-hour toll-free 1-800-582-5604, Customer Service Reps Available 8:30 a.m. - 4:30 p.m. EST/EDT U.S. 2004 2005 2006 2007 2008 from ’07 EMAIL: [email protected] Gross Revenue $1,033,622,434 $1,122,836,461 $1,225,912,327 $1,211,792,383 $965,175,073 -20.4% FAX: 859-276-6743 Number Sold 19,465 20,171 20,532 20,435 17,841 -12.7% WRITE: The Blood-Horse MarketWatch Subscriber Average Price $53,102 $55,666 $59,707 $59,300 $54,099 -8.8% Services, P.O. Box 911088, Lexington, KY 40591-1088. Please include a copy of a current mailing label or your For access to the latest issue, pinhook prospects and more: personal subscriber number. Step 1: Log on to Subscription Rates: http://marketwatch.bloodhorse.com All subscriptions are sold in 1-year (20 issue) terms. KY Residents (includes sales tax)...... $380.54 United States...... $359.00 Step 2: Click on “Register your subscription!” Canada (includes GST)...... $416.23 All other Countries...... $389.00 Step 3: You’ll need your customer number and Subscriptions are on continuous renewal and payable email. The customer number is the six- in 1-year (12 issues) terms. A FREE The Blood-Horse digit number on the envelope in which MarketWatch professional binder is sent upon payment. your subscription was mailed. Internet Site: http://marketwatch.bloodhorse.com Step 4: Hit the “Register” button. The registration process is finished and you’re ready to go! The Blood-Horse MarketWatch carries a Customer Satisfaction Guarantee. If you are ever dissatisfied as a Thank you for your continued support of The Blood-Horse MarketWatch. subscriber, just tell us so, and we will promptly refund you for the cost of all unmailed issues. No Risk. 24 / marketwatch.bloodhorse.com