Taking Stock: Nyquist Off the Grade I Mark

Spendthrift purchased the breeding rights to Authentic before the Grade l Santa Anita Derby, and the $9 million kicker it agreed to pay Authentic’s former ownership group for winning the Gl Kentucky Derby is indicative of the premium that’s placed on a stallion prospect with North America’s most prestigious Classic on his resume. A front-running colt, Authentic has the right type of sire behind him as well. He’s by Spendthrift’s flagship stallion Into Mischief (Harlan’s Holiday), who cranks out graded stakes winners like nobody’s business, particularly sprinters and milers that are deadly up to a mile and a sixteenth. The stallion led the North American general sire list in 2019 and stood for $175,000 this year, and one of his first top sons to go to stud, Grade l winner Goldencents, also at Spendthrift, has started his career well enough–he was represented by Gll Alysheba S. winner By My Standards on the Derby undercard– to suggest that even brighter beginnings are in store for Authentic, his sire’s best racing son.

Stud farms want their prized first-crop horses to fly out of the gates early with 2-year-old winners and black-type runners and end their first seasons with a Grade l winner or two atop the freshman sire list. Darley’s Nyquist (Uncle Mo), who won the Derby in 2016, is on his way, currently leading all N.A. first-crop sires by progeny earnings after his daughter Vequist won the Gl Spinaway S. at Saratoga Sunday by 9 1/2 lengths. Another daughter, Lady Lilly, was third in the race. Before them, the Nyquist colt Gretzky the Great had won the Soaring Free S. at Woodbine in late August, putting Nyquist at the top of the list by number of black-type winners, too.

Like Authentic, Nyquist was also a fast colt who was probably better at shorter distances than a mile and a quarter, and he was more precocious than Authentic, who won his lone start last year. Nyquist, in contrast, won each of his five races at two, including three Grade l races: the Del Mar Futurity; FrontRunner S.; and Breeders’ Cup Juvenile. At year’s end, he was named the champion 2-year-old colt.

He carried his form into the spring, winning the seven-furlong Gll San Vicente S. at Santa Anita in a rapid 1:20.71 before taking the Gl Florida Derby at Gulfstream, which has turned into a better “sire-making race” than the Kentucky Derby itself. Since 1990, graduates of the race include proven and promising sires Unbridled, Unbridled’s Song, Harlan’s Holiday, Empire Maker, Scat Daddy, Quality Road, Dialed In, Take Charge Indy, and Constitution. In contrast, Street Sense and American Pharoah are the only Kentucky Derby winners who didn’t win the Florida Derby during this span that are comparable, but note that American Pharoah, despite a bunch of graded winners already, is still searching for his first Grade l winner with his first crop now three.

Nyquist won the Kentucky Derby next, and in retrospect, he had some fine horses behind him that day, including subsequent Classic winners Exaggerator (2nd; Preakness) and Creator (13th, Belmont S.), Horse of the Year Gun Runner (3rd; Breeders’ Cup Classic). Also included among Derby also-rans that day, Mohaymen (4th), Brody’s Cause (7th), Mor Spirit (10th), Outwork (14th), and Whitmore (19th), among others.

Note that both Brody’s Cause (Giant’s Causeway), now at Spendthrift, and Outwork (Uncle Mo), at WinStar, were represented by black-type winners over the weekend as well, Brody’s Cause with Glll Iroquois S. winner Sittin On Go at Churchill on the Derby undercard and Outwork with Samborella in the $150,000 Seeking the Ante S. at Saratoga a day earlier.

Arrogate, the colt who would be crowned champion 3-year-old of that year, was notably absent from the Derby field. In fact, on the day Nyquist won the Derby, Arrogate had made only one start, a third-place finish in a maiden special at Los Alamitos, and the careers of these two champions are studies in contrast. One was a fast and early developing colt whose career peaked as an undefeated Kentucky Derby winner of eight races, while the other made his name in 10-furlong races through the second half of his 3-year-old season and as an early 4-year-old before retiring as the leading N. American money earner. His first yearlings are selling now.

The Derby was the apex in Nyquist’s career. He had three more starts, never won again, and retired to Darley for the 2017 breeding season with a record of eight wins from 11 starts and $5,189,200 in earnings, and he brought plenty of cachet to the table for commercial breeders at $40,000 as a champion 2-year-old, early spring 3-year-old, and Kentucky Derby winner–exactly the race form both breeders and buyers look for. And like Authentic, he’s by the right kind of sire.

UNCLE MO

Nyquist was a member of Ashford-based Uncle Mo’s first crop and led a group of seven black-type winners for Uncle Mo that made him the leading freshman sire of 2015. That remarkable crop would eventually yield 25 black-type winners from 157 named foals, an exceptional 16%, and four Grade l winners, including Gomo, Unbridled Mo, and Outwork in addition to Nyquist.

To date, Uncle Mo is represented by eight Grade 1 winners through six crops of racing age (including 2-year-olds of 2020) versus seven for Into Mischief through nine crops, though in fairness to the latter, his first four crops contained only a total of 140 named foals.

Both stallions are clicking in high gear now, and this year Into Mischief is comfortably atop the general sire list, with Uncle Mo in third place. Into Mischief leads all stallions with 24 black-type winners, but Uncle Mo leads by number of graded stakes winners, with 12. Uncle Mo stood for $125,000 this spring.

Like Into Mischief with Goldencents, Uncle Mo’s sons are showing early life as stallions. Aside from Nyquist, with seven winners through Thursday afternoon, Outwork also has seven winners and a black-type winner and is in fifth place on the freshman list, and Uncle Mo’s less-heralded New York-based son at Sequel, Laoban, is in 12th with four winners and a black-type winner as well.

Uncle Mo was an exceptional 2-year-old, a man among boys both in physique and race class. He was a champion at two, winning the Gl Champagne S. by almost five lengths in 1:34.51 and the Breeders’ Cup Juvenile by a little over four lengths. Unlike Nyquist, he wasn’t able to make the Derby and had a spotty record at three in an abbreviated campaign, but his subsequent success as a stallion has repaired his reputation as a racehorse and put him among the best stallions in the country.

Nyquist, therefore, has quite a bit going for him, and yearling buyers responded to the Darley stallion at the sales last year, making him the leading first-crop sire with an average price of $225,061–more than five times his stud fee–for 49 sold from 66 offered.

Thirteen of those 66 yearlings, or about 20%, were from A.P. Indy-line mares, and so far Nyquist’s three stakes horses are from this group. Gretzky the Great, a $295,000 RNA, is from a Bernardini mare; Vequist, a $120,000 RNA, is from a Mineshaft mare; and Lady Lilly, a $280,000 sale, is out of a Pulpit mare. Uncle Mo himself has sired seven stakes winners on the cross, including Grade I winner Mo Town and two Grade II winners from Bernardini mares.

Because Darley also stands Bernardini, an exceptional broodmare sire for his age, this is a cross we’re likely to see more of in the future, because, believe it or not, Gretzky the Great is so far the only foal of racing age by Nyquist from a Bernardini mare.

The title for leading freshman sire will probably come down to the Breeders’ Cup races, as I noted in this space discussing Taylor Made’s Not This Time two weeks ago. His daughter Princess Noor also became a Grade l winner Sunday, winning the Del Mar Debutante like an exceptional filly, and the matchup with Vequist will be highly anticipated.

Of course, between now and then a lot can and will happen, but Nyquist couldn’t be in a better spot as the freshmen sires turn into the homestretch. He’s leading.

Sid Fernando is president and CEO of Werk Thoroughbred Consultants, Inc., originator of the Werk Nick Rating and eNicks.

 

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Ghaiyyath Stays on Top Longines WBRR

Godolphin’s Ghaiyyath (Ire) (Dubawi {Ire}) remains firmly atop the Longines World’s Best Racehorse Rankings with a mark of 130, the International Federation of Horseracing Authorities announced on Thursday. The Godolphin bay is undefeated this year with scores in the G3 Dubai Millennium S. in February, the G1 Hurworth Bloodstock Coronation Cup S. ahead of Anthony Van Dyck (Ire) (Galileo {Ire}) (121) on June 5, the G1 Coral-Eclipse S. over Enable (GB) (Nathaniel {Ire}) (124) at Sandown on July 5 and a latest victory in the G1 Juddmonte International S. over Magical (Ire) (Galileo {Ire}) (121). Enable earned a 124 for her win in the G1 King George VI and Queen Elizabeth QIPCO S. and won the G3 Unibet September S. on Sept. 5.

Second in the rankings this season is Palace Pier (GB) (Kingman {GB}) (126), who won the G1 St James’s Palace S. ahead of Pinatubo (Ire) (Shamardal) (122) and the G1 Prix du Haras de Fresnay-le-Buffard Jacques le Marois in advance of Alpine Star (Ire) (Sea The Moon {Ger}) (120). Persian King (Ire) (Kingman {GB}) and American GI Belmont S. winner Tiz the Law (Constitution) match outstanding stayer Stradivarius (Ire) (Sea The Stars {Ire}) at 125. Persian King’s wins this season number three, in the G1 Prix du Moulin de Longchamp, G1 Prix d’Ispahan and G2 Prix du Muguet. Tiz the Law, despite running second in the Sept. 5 GI Kentucky Derby presented by Woodford Reserve, earned his 125 in the GI Runhappy Travers S. Next highest from America is the Derby winner Authentic (Into Mischief) at 123, who also won the GI TVG.com Haskell Invitational S.

Others rated at 123 are Improbable (City Zip), successful in the GI Hollywood Gold Cup S. and GI Whitney S.; dual Classic heroine Love (Ire) (Galileo {Ire}) who also scooped the G1 Yorkshire Oaks; and Mohaather (GB) (Showcasing {GB}) who won the G1 Qatar Sussex S. over Circus Maximus (Ire) (Galileo {Ire}) (120) before injury curtailed his career. For the full list, go to www.ifhaonline.org.

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MyRacehorse Founder Michael Behrens Joins TDN Writers’ Room

As far as marketing for a nascent, unorthodox racehorse ownership venture goes, you couldn’t do much better than a horse carrying your silks into the Churchill Downs infield as the GI Kentucky Derby winner. That’s what Michael Behrens experienced Saturday, as Authentic (Into Mischief), bought into by his MyRacehorse microshare partnership in June, fought off favored Tiz the Law (Constitution) past the Twin Spires to earn the garland of roses. Wednesday, Behrens joined the TDN Writers’ Room podcast presented by Keeneland as the Green Group Guest of the Week to explain MyRacehorse’s business model and how the startup came to own one-eighth of a Derby winner.

“I am not from the racing world, I’ve been in ad tech and marketing my whole career,” Behrens said of his background. “Growing up in Southern California, Santa Anita was 15 minutes away and that’s where we went to decompress after crazy stressful weeks. Go out there with friends, have a couple of drinks and bet a few races. I just loved it as a sport, but was always very intrigued about how we can get more fan engagement. I started looking around and [found that] people who really were energized and excited about our sport were those that had some kind of interest in ownership, either through friends or a partnership, whatever it may be. And I just left that was where we could scale, where we could get mass adoption to appreciate the sport.”

MyRacehorse, which started as a pilot program in California, went national only last July. The company sells .001% microshares in Thoroughbreds with multiple shares available and returns that are deposited into owners’ accounts and can be withdrawn via its app. Previously acquiring stakes in Grade I winner Street Band (Istan) and graded stakes winner Lazy Daisy (Paynter), MyRacehorse stepped into the deep end when buying 12.5% of Authentic after the colt finished second in the GI Runhappy Santa Anita Derby. Behrens credits co-owner Spendthrift Farm’s B. Wayne Hughes with opening the door to that partnership.

“When I wrote the original business plan for this, I looked at the industry to try to figure out who had the personality, the DNA [for the idea],” he said. “B. Wayne Hughes, with his success in business and his innovation with breeding, I just loved his disruptive nature. I actually used to do marketing for Public Storage, one of his companies. I came out and took [Spendthrift General Manager] Ned [Toffey] through the idea. The next day, Mr. Hughes called me back in and we started talking. He wants the sport to continue to thrive and grow, so he loved the concept. We started partnering on a couple of deals and that relationship has only gotten stronger and stronger over time. Now he’s come in as one of our partners. Our relationship with Spendthrift and Mr. Hughes has been critical.”

Elsewhere on the show, the writers reacted to all angles of the Derby, GI Kentucky Oaks and the many impressive undercard and juvenile performances we saw this week. Plus, in the West Point Thoroughbreds news segment, they discuss the bankruptcy filing of Ahmed Zayat and wonder how it went south so quickly for the owner of the first Triple Crown winner in 37 years. Click here to watch the podcast; click here for the audio-only version.

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Bloodlines Presented By Gary Contessa’s Integrity Bloodstock: Authentic, Flawless Reward Blum’s Faith With Kentucky Derby Roses

In the normal scheme of Peter Blum's breeding program, he's quite as likely to be planning progeny of a female line he's had for four or five generations, perhaps more. To produce Kentucky Derby winner Authentic, however, Blum sent the broodmare Flawless, only a first-generation “Blum-bred,” to the high-class stallion Into Mischief (by Harlan's Holiday) back in the spring of 2016.

The breeder did note, however, that he “had some experience with this family that made me want to buy [second dam] Oyster Baby, who was a lovely mare” and one who produced a beautiful foal in Flawless, the dam of the Kentucky Derby winner.

Nor was this the only unusual factor in Flawless being a part of the Blum broodmare band. The decades-long experience that Blum has with racing and breeding has encouraged him to balance the books whenever possible, and he sells his better stock, especially colts, at premium sales around the country.

Since he typically keeps some of the fillies, Blum bought back Flawless for $285,000 at the 2008 Keeneland September yearling sale. It looked like a damned good idea after that good-looking daughter of leading sire Mr. Greeley had won her maiden impressively by 13 1/4 lengths at Belmont Park. Flawless, however, bowed a tendon in her second start, gaining no black type, and after Blum and trainer Bill Mott had rehabbed the filly and returned her to training, the tendon flared up again and made it necessary to retire her permanently. The mare's dam, the Wild Again mare Oyster Baby, was unraced and produced only three foals before her death at age seven.

As a result, Authentic went to the sales with two blank dams. This is the bugaboo of commercial breeders because nearly all buyers want to purchase performance, black-type performance, not its absence. Blum said, “People were questioning why I'd keep her: she didn't win a stakes, would catalog with two blank dams, and I told Bill Mott that I'd have a lot of trouble selling foals out of this mare, but he said, 'Sell all the other mares and keep this one.'”

Blum kept Flawless, in particular, he said, because “I've had some really good fillies over the years, but I've never had a filly who was as brilliant; as far as speed goes, nothing compared to Flawless.”

The 2017 colt out of Flawless, when he came to the sales, was a striking yearling. Even as a May foal, Authentic possessed the body mass and length to suggest that he was on the way to becoming a serious athlete. He had enough scope and presence to appeal to horsemen looking for athletic prospects, either to race or to resell, and once the bidding started for the handsome bay, it reached $350,000 before all others gave up and allowed a partnership of SF Bloodstock and Starlight West to sign the ticket for the colt.

Sent into training with Bob Baffert, Authentic won his debut on Nov. 9 last year at Del Mar and made his stakes debut on Jan. 4 of the new year in the Grade 3 Sham Stakes, which he won like a very good thing, indeed. To date, the bay colt has won five of his six starts and notably filled out his dam's lack of black type on the pedigree page.

Authentic is the fourth foal and third winner out of Flawless. The others sold profitably, but he was the mare's first foal to make a seriously impressive price at $350,000. That's a really good figure for a yearling with two blank dams, no matter what he looks like, and that sum also was the second-highest among all the yearlings sold on the second day of the September sale's Book 3 (session 8 overall) in 2018.

The Kentucky Derby winner has a 2-year-old half-brother named Mint (Bodemeister) who is yet unraced, as well as a yearling half-brother, also by Bodemeister, who has been named Push Button. Blum said that he was retaining the two half-brothers to race. Flawless was bred back to Into Mischief for 2021 and is in foal on a February cover.

That cover date guarantees that the full brother to Authentic will not be a May foal like the Derby winner. In an interesting aside to the biases of the commercial market, last year's Kentucky Derby winner Country House, first-place finisher Maximum Security, last year's English Derby winner Anthony Van Dyck, and this year's Kentucky Derby winner are all May foals.

When the foal from Flawless arrives in late January, Blum noted, he will go into exactly the same program as his big brother. He said, “Bridie, her family and staff, we've been together a lot of years. They deserve all the credit for raising Authentic and a lot of other fine horses,” Blum said. “She doesn't tell me what I want to hear, but we think a lot alike.”

And then Blum summed up what it means to breed a winner of the Kentucky Derby: “When he was in the winner's circle, it was a special moment. Winning the Derby isn't something you really think you're going to do. It's a once in a lifetime thing, but I don't know if I'd be any happier if I'd kept him. We breed and sell horses. To be able to breed and sell a Derby winner; you can't get a better endorsement than that. I don't believe I could be any happier.”

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