Established Sires: Where's the Value?

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Established Sires: Where's the Value? WEDNESDAY, JANUARY 31, 2018 ALWAYS DREAMING WORKS, EYES RETURN ESTABLISHED SIRES: 2017 GI Kentucky Derby winner Always Dreaming WHERE'S THE VALUE? (Bodemeister) had his first workout in over five months Monday, breezing three furlongs for trainer Todd Pletcher at Palm Beach Downs. The workout, an Aeasy solo three furlongs@ according to Palm Beach clocker Dave Norton [video], came just over a month after returning to Pletcher=s care after spending the autumn recovering from a severe bout with stomach ulcers. Always Dreaming is owned by a conglomerate partnership consisting of MeB Racing, Brooklyn Boyz, Teresa Viola, St. Elias, Siena Farms, West Point Thoroughbreds, WinStar Farm, SF Bloodstock and China Horse Club. AOur Derby winner Always Dreaming is back on track!@ iconic retired race announcer and part owner Tom Durkin wrote in a Tuesday tweet. ALooking forward to a fun summer. It=ll be a few weeks before a start if all goes well.@ Cont. p10 Blame | Claiborne Farm IN TDN EUROPE TODAY by Chris McGrath This is Part III of a three-part series exploring Kentucky sires DILGER SYNONYMOUS WITH DERBY SUCCESS that offer the best value. To read Part I, click here, and to read This year’s ITBA Wild Geese award winner Gerry Dilger has Part II, click here. enjoyed great success in America. Click or tap here to go straight to TDN Europe. So now we reach the guys with runs on the board. If the young guns are typically overpriced, then it stands to reason that this is often where the value lies. As we've noted, however, witless gold rushes can create their own inexorable, self-fulfilling momentum. Nonetheless this is the area to concentrate on, if you are one of those quaint old characters who mate mares with the outlandish objective of actually producing a racehorse. One of the things that kills a sire, commercially, is anno domini. Possibly the size of modern books does cause a genuine depletion in the ageing stallion. But people pick and choose stats to suit themselves: they'll take a leap of faith with the inconsistent young sire who shows himself capable of getting the odd standout, but dismiss as an aberration an evening star for the veteran who can no longer get the voluptuous partners of his heyday. It's all opinion, all choice, but we would have had no Arrogate (Unbridled=s Song) joining the ranks, and no Honor Code (A.P. Indy), had the owners of their dams not kept the faith respectively with the venerable Unbridled's Song and A.P. Indy. Cont. p3 PRESIDENT & CO-PUBLISHER Barry Weisbord @barryweisbord [email protected] SR. V.P. & CO-PUBLISHER Sue Morris Finley @suefinley [email protected] V.P., INTERNATIONAL OPERATIONS Gary King @garykingTDN [email protected] EDITORIAL Wednesday, January 31, 2018 [email protected] Editor-in-Chief Jessica Martini @JessMartiniTDN Managing Editor Alan Carasso @EquinealTDN Senior Editor Steve Sherack @SteveSherackTDN Racing Editor Brian DiDonato @BDiDonatoTDN News and Features Editor Ben Massam @BMassamTDN Associate Editors Christie DeBernardis @CDeBernardisTDN Joe Bianca @JBiancaTDN Assistant Editor Bobby Klatt ADVERTISING [email protected] Director of Advertising Alycia Borer Advertising Manager Lia Best Advertising Designer Amanda Crelin Advertising Assistants Alexa Reisfield Michelle Benson Something new, something blue. Pictured at just twelve hours old, a colt out of Photo Editor/Dir. of Distribution Dream the Blues (Ire) (Oasis Dream {GB}) explores his paddock at Coolmore Stud in Sarah K. Andrew @SarahKAndrew [email protected] Tipperary, Ireland. Bred by John Halley, the colt is from the first crop of European Champion Two-Year-Old Air Force Blue, and is a half-brother to Sioux Nation (Scat Social Media Strategist Photo courtesy of Coolmore Justina Severni Daddy), winner of the 2017 G1 Phoenix S. and G2 Norfolk S. | Director of Customer Service Vicki Forbes [email protected] INDIAN STAR PROGRESSING NICELY IN FLORIDA 11 Indian superstar Serjeant At Arms (Ind) (Ikhtyar {Ire}) Marketing Manager Alayna Cullen @AlaynaCullen continues to prepare for his U.S. debut as part of the Graham Motion barn. Alan Carasso caught up with Director of Information Technology the conditioner. Ray Villa [email protected] Bookkeeper 27 ADDED TO F-T WINTER SALE 11 Terry May Twenty seven additional offerings--including racing and/or [email protected] broodmare prospects, in-foal mares and short yearlings--have WORLDWIDE INFORMATION been added to the Fasig-Tipton Winter Mixed sale catalogue. International Editor Kelsey Riley @kelseynrileyTDN [email protected] European Editor Emma Berry [email protected] Associate International Editor Heather Anderson @HLAndersonTDN Newmarket Bureau, Cafe Racing Sean Cronin & Tom Frary [email protected] 60 Broad Street, Suite 100 Red Bank, NJ 07701 TDN HEADLINE NEWS • PAGE 3 OF 11 • THETDN.COM WEDNESDAY • JANUARY 31, 2018 Value Sires cont. from p1 his name in Empire Maker (Unbridled) (Gainesway, $85,000) as On that basis there are some eminently reasonable fees he continues his post-Japan rebuild. around for established sires of sires like Tiznow (Cee's Tizzy) That said, it's always good to see those few young sires who (WinStar, $50,000); More Than bridge the divide between their Ready (Southern Halo) (also start-up days, when they can do WinStar, $75, 000); and Giant's no wrong, and the ostracism that Causeway (Storm Cat) (Ashford, follows if their first runners can't $75,000). Why are these three get them over wait-and-see dips in supposed to be heading over the their third or fourth books. One hill, at 21, when 19-year-old likely to reach six figures before Medaglia d'Oro (El Prado) (Darley, long is Quality Road (Elusive $250,000)--unmistakably in his Quality) (Lane's End, $70,000), pomp--has just earned a monster whose 9.18% graded stakes fee hike from $150,000? horses-to-starters in 2017 was His contemporary Candy Ride eclipsed only by War Front (Arg) (Ride The Rails) (Lane's End, (Danzig). $80,000) is likewise up to a career Another who retired to stud at high after Gun Runner made him the same time and plainly on the move--albeit still much lower the leading active sire of 2017. So, Temple City | Spendthrift first lesson: respect your elders. down the ranks--is Temple City At 15, Bernardini (A.P. Indy) (Darley, $85,000) is down from a (Dynaformer) (Spendthrift, $15,000). You couldn't expect a great peak of $150,000 but remains a physical paragon in his prime; deal of a crop of just 48 foals in 2015, but Temple City covered while you could also argue that the same fee represents value, 199 mares that year and now seems on an inexorable roll. at that level of the market, for a sire who has really lived up to Cont. p3 TDN HEADLINE NEWS • PAGE 4 OF 11 • THETDN.COM WEDNESDAY • JANUARY 31, 2018 Value Sires cont. left to send him a mare in 2017. But his fee is pretty ridiculous After that famous weekend at Del Mar in December 2016, relative not just to his class and courage as a racehorse, but also when members of his first and second crops ($5,000 covers) to his proven ability--yes, unevenly, but it takes two to tango in both won Grade I races, the whole world sat up to the fact that genetics--to reproduce it. his dam was a Danzig half-sister to Malibu Moon. Like that horse, and like Dynaformer himself, Temple City is threatening MIZZEN MAST (Cozzene), Juddmonte, $10,000 to go from pauper to prince. Author of a solitary stakes win, Arrogate himself could learn a thing or two from the old hand aged five, over a mile and a half on a synthetic track; wonders he has joined for his new career. Yes, Mizzen Mast is now 20, never cease. but you can still set your watch by his metronomic production of You wouldn't think a horse with the profile of Kitten's Joy (El stakes horses. Year after year he gets them at a percentage Prado) (Hill 'n' Dale, $60,000) had much need of a relaunch but bordering the top 10--otherwise populated, almost invariably, his transfer to a new farm has triggered an aggressive fee cut by monster sires at giddy multiples of his fee. that leaves the ball firmly in the breeders' court--especially Another ten graded stakes performers in 2017 included Grade European breeders, who can ship a mare and still save on the I Ashland winner Sailor's Valentine. And how many sires $100,000 they previously required. Paradoxically he may well standing for bigger fees will ever get two Breeders' Cup winners- get an upgrade in mares at the lower fee. -never mind two the same year, as Mizzen Mast famously did in After that initial browse, and a necessarily random one at that, 2012? (Both, typically, went on from there: Flotilla to win a let's take a look at eight sires who wouldn't be on everyone's Classic back in France, and Mizdirection to retain the Turf Sprint mind--but who possibly deserve a second look at the price: the following year.) Cont. p5 AFLEET ALEX (Northern Afleet), Gainesway, $8,500 Seven Grade I winners, and proper ones too: in races like the Hopeful, the Breeders' Cup Juvenile, Travers, Florida Derby, etc. He won the Hopeful himself, of course, his fourth win on the reel, besides subsequently finishing second in the Juvenile and the Champagne. That would be enough to give most stallions a commercial luster; never mind then going on to win two legs of the Triple Crown, by an aggregate 11 3/4 lengths, and to make the podium in the other one.
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