The Bargain Buy or the Seven-Figure Stunner: Take Your Pick in San Felipe

Confidence Game (Candy Ride {Arg}) gave another vote of confidence to the bargain shoppers when the $25,000 yearling made a splash on the Derby trail last weekend in the GII Rebel S. The week before, Angel of Empire (Classic Empire)–a $70,000 Keeneland September buy–proved best in the GII Risen Star S.

This weekend there is potential for another big win by the underdog in the GII San Felipe S., but there is also the likely possibility that the owner of one of those sensational seven-figure purchases will be rewarded.

The San Felipe's sizeable field of 11 includes two homebreds, three contestants purchased for less than $50,000, four bought for six figures–including $500,000 yearling and morning line favorite National Treasure (Quality Road) and $700,000 yearling Fort Bragg (Tapit)–and then that remarkable, pricey son of Bernardini known as Hejazi.

Bred by Chester and Mary Broman, Hejazi was bought by Zedan Racing for $3.55 million at the 2022 Fasig-Tipton Midlantic Sale, setting the mark for the highest-priced Thoroughbred sold at public auction in the state of Maryland and the highest-priced offspring of the late Bernardini at public auction.

Recalling the purchase, agent Gary Young said that the record-breaking colt was exactly what Amr Zedan was looking to add to his stable.

“Mr. Zedan has made it perfectly clear that his goal is to have good 3-year-old colts for the Classics,” Young explained. “This horse fit the bill. By Bernardini and out of a Medaglia d'Oro mare, he was really well-balanced and his conformation was correct. His work was terrific and Baffert loved the horse physically. Did we think he was going to go for that much? Not really. Baffert, my friend Charlie Boden and I stood in the back and Mr. Zedan was on the phone with us. One thing led to another and it got to $3.55 million. I don't think anyone in the group had foreseen it going that high, but when you get two players in the game these days, anything can happen.”

On the other end of the spectrum, Chase the Chaos (Astern {Aus})) is the bargain buy of the San Felipe field. The gelding was bought after receiving considerably less in-person scrutiny than his competitor Hejazi when he was purchased for just $10,000.

Chase the Chaos gets his first stakes win in the El Camino Real Derby | Vassar Photography

Buyer and co-owner Bill Dory purchases a few weanlings for under $10,000 every year to raise and break at his farm and then race at his local track, Century Mile.

“I didn't even go to the sale,” said Dory, recalling the 2020 Keeneland November Sale. “I went through the book numerous times and I picked out horses that I thought would fit in that $10,000 price range for Alberta. I really liked the Medaglia d'Oro-Uncle Mo cross on him. I got the vet report from the repository. He had some OCDs, but they were very minor and the vet thought he would grow out of them. When he didn't achieve his RNA, I asked the consignor how much they wanted for him and at $10,000, it was a done deal.”

From there, Chase the Chaos developed at Dory's farm in Canada and spent his early days under saddle there along with Dory's other November purchases.

“I bought five weanling colts that year and I had them all in one pasture that wasn't far off the road,” Dory recalled. “They would get to playing and people would stop and watch. They would show off for them. It was so cool to watch. Now all of them are winners and two are stakes winners.”

Dory recalled how he thought Chase the Chaos was one of the most promising colts of the bunch, so he called a 2-year-old consignor in Ocala. He named a price he said he thought was fair, but the consignor said that with the colt's inactive pedigree, Dory probably wouldn't get any takers. So Dory brought in partner Adam Ference and decided to race the colt himself.

Chase the Chaos already has free entry to the GI Preakness S. after his win in the El Camino Real Derby and now looks to add a third race to his win streak on Saturday.

Young has plenty of experience purchasing both types of horses–the seven-figure jaw-droppers and the value plays–and has been successful with each in recent years while working with Zedan Racing. Hejazi was bought the same month that Medina Spirit (Protonico), a $35,000 juvenile, won the GI Kentucky Derby. Last year their $1.7 million 2-year-old buy Taiba (Gun Runner) was a top Derby prospect and this year, along with Hejazi, Zedan's Derby hopefuls include the TDN's Derby Top 12 kingpin Arabian Knight (Uncle Mo), a $2.3 million 2-year-old.

“All of this run recently is fueled by Mr. Zedan's passion for the game,” said Young. “Baffert has the final say, which he should, and the team also includes Dr. Pug Hart. It's a team effort and it's very satisfying to see them make it into the Grade I races. It really doesn't matter if they cost $3.55 million or $35,000. Obviously there is more pressure with Hejazi and the seven-figure horses. We all realize that some of them will turn out and some will not, but we've been really lucky over the past few years.”

No matter what the final sales price will be, Young said he focuses on finding athletes at the 2-year-old sales.

“Horses have body language and you want to see them go back to the barn [after a breeze] looking like they're thinking, 'That was fun. I want to do it again.' Sometimes you like a horse and when you look at their pedigree page, you realize that it's not exactly a blue blood, but if they check the boxes for you, you go for it.”

So on Saturday, will the underdog streak continue or will the seven-figure prodigy run to his price tag? Maybe the answer lies somewhere in between. However the race shakes out, it makes for exciting viewing.

“[Bargain buys] give people an idea that you don't have to be a multi-millionaire to compete for the top running of the game,” Young said. “Yet Hejazi is a positive for the big money spenders. Let's face it, for the people that want to think 'Oh, they're just spending money,' if you look up the seven-figure horses through the years, the strike rate of those horses is very, very ordinary. That's not lost on us. We realize that.”

Switched from Baffert's barn to Tim Yakteen for Saturday's race, Hejazi enters the San Felipe coming off his maiden win, where he earned a 99 Beyer Speed Figure, but will now have to prove his ability going two turns. Young said that the colt's last work, where he went 5 furlongs in :59.20 on Feb. 19, speaks to his potential.

“It doesn't take a rocket scientist to watch his last workout and know that he worked terrific,” Young explained. “We're hopeful for a very big effort this weekend, but there are some very tough horses in the race. There are more horses I can see betting on than those that I can't.”

The weather at Santa Anita over the past month that has disrupted training, Young said, will be an added question mark for all of the race's entrants.

Chase the Chaos, who will be saddled by Ed Moger Jr., will be trying dirt for the first time since his debut last August at Canterbury.

“It was a muddy track and he got a huge lesson,” Dory recalled. “He was behind horses and then went between horses to run second. I was so proud of the way he ran in that race. He likes the synthetic, so now we're going to find out how much he likes the dirt.”

Dory is under no illusion about their competition on Saturday, but he said he plans to enjoy the ride knowing that Chase the Chaos has taken him and his partner much further than their initial goal of the winner's circle at their hometown track in Alberta.

“We talked about it, Adam and I, and said, 'You know, do you realize we're going up against a $3.55 million horse?' It's crazy. I think it makes people realize that sometimes you do get lucky and you can get the right horse for a decent price. Hopefully it brings more people into the game. My high is still as high as possible. I'm going to enjoy this for as long as I can. I think he's going to run very well against these horses and I'm hoping he goes off at 65-1 again.”

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Status of Cave Rock and Faustin? Baffert: ‘Don’t Know’

The training and next-race status of sophomore 'TDN Rising Stars' Cave Rock (Arrogate) and Faustin (Curlin) remained unclear Thursday, with trainer Bob Baffert texting a “Don't Know” emoji when asked to outline the game plans for the colts respectively slotted at Nos. 5 and 6 on the most recent TDN Top 12 rankings for the GI Kentucky Derby.

The two were apparently not among a contingent of at least 11 other 3-year-old colts transferred out of Baffert's care prior to a Feb. 28 deadline that would have enabled them to accrue qualifying points and race in the May 6 Derby.

Those transitions were necessitated by a ban imposed by Churchill Downs, Inc. (CDI), that prohibits Baffert's trainees from garnering qualifying points or racing in the Derby while under Baffert's control.

CDI first imposed that two-year punishment in June 2021 because of a string of drug positives in horses Baffert trained, including two in CDI's most prominent races, the 2020 GI Kentucky Oaks and the 2021 Derby.

On Feb. 17, a federal judge denied Baffert a preliminary injunction that the Hall-of-Fame trainer had sought to be eligible to race in this year's Derby.

A Mar. 1 report by Ron Flatter in Horse Racing Nation quoted Baffert say saying that Cave Rock and Faustin were “still under my care” without any elaboration on their next-race targets.

Cave Rock was the beaten favorite when second in last November's GI Breeders' Cup Juvenile. That's the lone loss in his impressive four-race career, which includes Grade I victories in the Del Mar Futurity and American Pharoah S. He has two registered works this year, most recently going four furlongs in :49.40 (18.22) at Santa Anita Feb. 20.

Faustin is 1-for-2, having registered a stylish win on opening day of the Santa Anita winter/spring meet and a second in the Jan. 29 GII San Vicente S. He worked twice in February, most recently going five furlongs in a bullet :58.80 (1/46) at Santa Anita Feb. 18.

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Jack Wolf Joins the TDN Writers’ Room Podcast

As the managing partner of Starlight Racing, Jack Wolf is a part of a team that can always be counted on to have several prospects for the GI Kentucky Derby. That's the case again this year as the trio of Starlight, SF Racing and Madaket Stables will have horses in Saturday's GII San Felipe S., the GIII Gotham S. and the John Battaglia Memorial. To discuss those runners and Starlight's philosophies when it comes to trying to acquire Derby candidates Wolf was the Green Group Guest of the Week on this week's TDN Writers' Room podcast presented by Keeneland.

As was the case last year, the Starlight horses have been transferred to trainer Tim Yakteen, who is taking over for Bob Baffert. Baffert, due to a ban imposed by Churchill Downs, is not eligible to run horses in this year's Derby.

“We sort of went down this road last year and it seems to be working,” Wolf said. “The transfer seems to be working a lot more smoothly than last year. Last year, Bob was also serving a suspension (from the Kentucky Horse Racing Commission). We're fortunate to have Bob working with us and trying to continue on to have these particular horses be eligible for the Derby points. Bob, (SF Racing Managing Partner) Tom Ryan and Tim have done a great job working together to try pull this off up to this point.”

Among the four Starlight horses that will be running in Derby preps this weekend, Wolf wasn't shy about listing who he believes is the best. It's San Felipe starter National Treasure (Quality Road), who is coming off a third-place finish in the GIII Sham S.

“I got on him as a Derby horse a couple of months before the end of the year,” Wolf said. “I just like how things are setting up for him, hopefully, for the next three races. I just really like the horse. He's not peaking too soon. Bob Baffert always says you get Derby Fever in January and February. But you don't know what you have until April comes around. So even though this horse may have a little case of second-itis, I think from a pedigree standpoint and the way he's been set up for the San Felipe he's our best hope.  That's who I have my money on.”

Starlight, SF Racing and Madaket were among the first major owners to pool their resources at the sales, which mas become a growing trend in the sport. That means more competition for the trio when it comes to acquiring expensive horses, but Wolf said he believes his team can outperform their rivals.

“We've got better bloodstock agents and better operation than the other ones,” he said. “But, yes, they're buying a lot of stock.  Mike (Repole) and Vinnie (Viola) put a little bit more money into it than we do. Maybe we put a little bit more money into it than the group Brad Cox has assembled. I like those guys. It's fun to compete with them and have at it.”

Elsewhere on the podcast, which is also sponsored by Coolmore, Lane's End, the Pennsylvania Horse Breeders AssociationXBTV, and West Point Thoroughbreds, Randy Moss, Zoe Cadman and Bill Finley took a look back at the win by Confidence Game (Candy Ride {Arg}) in the GII Rebel S. and trainer Keith Desormeaux's knack for developing modestly priced sales horses into stars and a looked ahead to this week's major races, including the GII Fountain of Youth S., the GII San Felipe S. and the GI Santa Anita H. In other news, the team discussed the reinstatement of controversial trainer Rick Dutrow and a TDN column by Sid Fernando that reasons that SGF-1000, the drug Jason Servis has admitted to using on his horses, is not a performance-enhancing drug.

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‘Every Sale, I Fall in Love With Horses Again’

The tone was so casual that Donato Lanni couldn't be sure quite how earnest the words had been. If he saw something interesting at a yearling sale, he was to let George Krikorian know. Still in his 20s, Lanni had first connected with the movie theater magnate when cold calling on behalf of John T.L. Jones Jr. after a Corwyn Bay (Ire) filly won a maiden in his silks. Might Krikorian breed the dam back to the Walmac stallion? He did just that and, when he came to visit the Bluegrass, the pair hit it off straightaway.

But nobody had ever asked Lanni to buy a horse before. And here he was, gazing at a Dynaformer yearling at Fasig-Tipton's Fall Sale in 1999. He'd seen her at Keeneland the previous month, unsold at $47,000: he liked her then, and liked her now. But in those days, with no clients, he was too embarrassed even to fill out a card. He'd just watch from a polite distance as others had different horses pulled out and walked.

“You wait for that opportunity in life where someone asks you to do something, and you want to grab the bull by the horns,” Lanni remembers. “You've rehearsed it in your mind, you're ready. But George said it in such a nonchalant way, I wasn't sure if he was serious or not.”

Only one thing for it: call the man and check.

“Hey, I found this filly.”
“I'm busy,” Krikorian replied. “Just buy her.”

And hung up.

“What does that mean!?” Lanni asked himself. “What if she brings a lot of money? I don't really know this guy. And you hear all these stories of people reneging…”

He needn't have worried about Krikorian, of course; but the way things have turned out, Krikorian was himself in the safest of hands. Barely thinking about it, he had just launched one of the most inspired horsemen of his generation on a brilliant career.

“We got lucky,” Lanni says with a shrug. “I mean, I had no idea she was going to be a star.”

But everything that has happened since suggests that an awful lot of judgement compounded the luck admittedly needed with any horse. Imagine having this one shot-very likely your only shot, if things didn't work out-and spending just $35,000 for what turned out to be dual Grade I-winning millionaire Starrer. You wouldn't believe it, if you saw it in one of Krikorian's cinemas. But only a couple of summers later Lanni found him the aptly named Hollywood Story (Wild Rush), as it happens out of a Dynaformer mare, and she too won a couple of Grade Is on her way to banking seven figures. She has meanwhile earned new celebrity as dam of Honor A.P. Honor Code).

Typically, however, for Lanni himself the tale is all about the client.

“He's a great story: self-made, Vietnam vet, started from scratch, an amazing personality,” he says. “Those two mares became the foundation of his farm, and he loves the breeding side now. But it was great for me, that he trusted me.

“Because I do think that for anything you do in life, you surround yourself with genuine people. Good things happen when you have good people around you, as long as you just stay patient and focused. I think those are the two really important thing: good people, and then just staying on course. 'Stay in the buggy.' That was always Johnny Jones's go-to, and that resonated with me.”

Donato Lanni and Bob Baffert| Fasig-Tipton

Since then, Lanni has found a litany of champions-many for his great friend and collaborator, Bob Baffert, from Arrogate to Authentic; but also plenty for other barns, lately including Canadian champion Moira (Ghostzapper) and a fresh name on the Derby trail in Rocket Can (Into Mischief). So, okay, he can sign big dockets nowadays. As we'll see, however, he still loves dredging the second week of the September Sale; and still turns up bargains anyone could have had. Competitors don't talk of Lanni with envy. They talk with immense respect; almost as though he were some kind of savant, deploying intuitions that can't be learned or articulated. But that won't stop us asking him how they evolved.

The exteriors are familiar: dashing Italian looks, flashbulb smile. But the mindset? Well, it was shaped by “a very strict, old school” upbringing by first-generation immigrants from Campobasso, near Rome, to Montreal. He's grateful for that, believing that young people today miss out on proper communication, proper relationships even, by constant immersion in screens.

Lanni's father worked in construction and occasionally claimed a Standardbred at the old Blue Bonnets Raceway.

“So my story is no different from most people in the horse business,” he says. “Someone took you to the track and, without you really knowing it, something inside you lit or didn't light. And I started handicapping and reading the Form and studying the pedigrees. And at a very young age, maybe 10 or 11, I got a groom license.”

That was for summer work but Lanni was not much older when effectively becoming an assistant trainer, coming to the backside before school and sneaking back for qualifying sessions. Looking back, he realizes how much he owes Standardbred mentors like Andre LaChance, who taught him about soundness, legs, how to keep a horse healthy and thriving.

But then came the revelation of Thoroughbreds, with their wider horizons. He remembers watching a Kentucky Derby and announcing to his mother that someday he would be there too. If the Bluegrass was where the best horses were, and the best horsemen, then that was where he would go.

He obliged his parents by first going to business school, his dad having driven home the principles of his upbringing with a couple of years in his own trade after high school. Lanni worked in the trenches, pouring cement in the cold, and it soon dawned on him that if it was tough at 19 or 20, would he want to be doing the same at 60? As soon as he had sat his last exam, he came home and packed his beaten-up old Volkswagen.

“Where you going?”
“Well, mom, remember when I told you I was going to go to Kentucky?”
“What are you talking about?”
“I told you. Kentucky. I'm leaving.”
“When?”
“Now.”
Here was dad. “Where's he going?”
“Kentucky!”
“Where!? Why? How long? When's he coming back?”
“He's not!”

Thinking back, Lanni smiles wryly.

“I knew I couldn't say anything before, because of the drama, my Italian mother crying and screaming,” he says. “So it was like peeling off a band-aid. I drove down, it was late May, I went through Keeneland and was just in awe. It's like some kids went to Europe 'to find themselves'. I never understood what that meant, 'find myself'. But I was determined to figure out if I was going to make it or not, how to incorporate the passion I had.”

Luckily, without his knowing, a buddy had thrown a tent into his car. Lanni drove round the Horse Park and was delighted to find a campsite. It was a fun summer, and every time they're in the neighborhood he drives through and tells his kids, “This is where I started.”

Actually, his first job restored him to his roots, managing Standardbred yearlings for John Cashman at Castleton Farm. But he had his heart set on Thoroughbreds and Cashman told him to knock the door of Johnny Jones at Walmac: “Just show up and do your thing.”

So he told Jones he would work for nothing, implored him just to give him a phone, a Rolodex, and let him sell some seasons. Jones, suitably impressed, even paid him. And one of the calls he made, as we've seen, was to Krikorian.

When Jones retired, Lanni was hired by his compatriot John Sikura at Hill 'n' Dale.

“With Johnny Jones and John Sikura, you're talking about two very different people with quite a lot in common,” he reflects. “Both started with nothing and built an empire. Both great horsemen, with tremendous business instincts. Very determined. And just positive people who worked hard every day. It was great, because you came to work and just kept learning every day. I was so lucky to work for two of the most dynamic people in the business for 25 years, before I met Bob and went on my own.”

With Baffert, Lanni discovered an immediate personal rapport. But that, plainly, wouldn't be enough on its own. They were also on the same wavelength when it came to horseflesh.

“Well, the trust grew and the relationship grew,” Lanni says. “He is my sounding board. Really Bob took me and pretty much molded me, taught me how to look at horses. I mean, his record speaks for itself. He's a genius, a survivor, an amazing horseman. Just loves his horses. He's Cool Hand Luke, he keeps everything cool and it's a treat to watch him with each horse in the morning. And his work ethic is unbelievable. But as hard as he works, he's taught me that if it's not fun, then you shouldn't be doing it. Because if you're not having fun, you'd go crazy, it'd eat you up.”

But even when you can shop Book 1, there's that elusive element that prevents it being a straightforward equation from sale-topper to Derby winner. Beside the obvious physique, and the obvious pedigree, you have to seek something less tangible: that will to win. Can you read the competitive instinct in a horse that has never had a saddle on its back?

“I think it would sound strange to say that anybody can do that,” Lanni replies. “Bob always says just to use your instinct. 'What's your gut say?' And I think there's that gut factor in anything, in any business. You've got to believe in yourself, trust yourself. And most of the time you'll be wrong, but every once in a while you will land on an Arrogate. Is it skill? I think it's more luck than skill, absolutely. But if you're around them long enough, no matter if it's Standardbred or Thoroughbred, you start understanding horses. They are unbelievable creatures: they've been around a long time, and they've survived, right?

“I enjoy finding that needle in a haystack. That's why I love shopping in Book 6. That, to me, is more gratifying because everybody likes an underdog. You just got to go and turn every rock over. And that has been my thing in life. Never assume. Verify.”

The bottom reaches of the market, where Lanni started out, were also where he first found Baffert. The last session, to the last horse. That's the ethic Lanni admires: something he feels you don't see so much, today.

He thanks his parents for that, the days he was pouring concrete. That's why he feels so much respect for the backside community: the trainers, vets, blacksmiths, grooms. “That life is not for the weak,” he stresses. “My job is not even in the same breath.”

War Like Goddess | Coglianese

That said, the mission does feel tougher every year. He emphasizes his respect for talented rivals, while nowadays potent partnerships all seem to be targeting the same animals. But that's why nothing is more fulfilling than the ugly ducklings, the ones that take a bit of imagination. And very few horses have given Lanni more satisfaction than War Like Goddess, the English Channel filly he bought at OBS June for $30,000. She'd made $1,200 as a weanling, and was unsold at $1,000 as a yearling. To find her for Krikorian, above all, brought things full circle: another filly who won two Grade Is, for Bill Mott, earning almost $2 million.

“I hadn't bought George a horse in a long time,” he explains. “We'd quit buying because his breeding program had got so big. But this filly is what's so great about this business. People say it's the Sport of Kings, that only the wealthy can participate. Well, there's a filly that didn't bring one bid as a yearling. Anybody could have had her. I probably saw her, and obviously I didn't buy her. So anybody can play the game.”

In the event, Lanni figured she was the last kind of horse to shine in an under-tack show.

“Bred to go a mile and a half on the grass, and people want her to go an eighth in :10 flat!” he exclaims. “She just needed time and there weren't many people that would give a horse a year off, like George would. And actually she worked really well, :10.2. I knew George was the only person that would do what she needed. And now he's been rewarded.”

Once again, Lanni forces the narrative away from his own contribution. And that's authentic. You can always tell false modesty, and here's a man transparently averse taking himself too seriously.

“It makes me uncomfortable talking about myself, and success I've had,” he says. “It takes a good horse, a great team effort, and a bit of luck for everything to work out at the end of the day. It all started with a love for the horse. I never imagined I would be where I am today. I have always put the horses and their needs first, and I fall in love with them over and over again, at every sale.”

Lanni's wife is a doctor and her daily experiences help him keep our essentially trivial business in due perspective. Instead he reiterates gratitude for his own fortune and urges the next generation to persevere towards their own.

“I want young people to know that you can do anything you want in this business, in any business,” he says. “You just have to stay positive, stay focused. Stay in that buggy! And eventually an opportunity will present itself, and you will know it's time to take that chance and make the best of it. You just put one brick on top of another and slowly chip away, chip away, and eventually you'll get to where you want to be. Find what you're good at, stay with it.

“I'm only here today because of the people that trust me to do what I do. And I just try to stay quiet and humble along the way and hope that we continue to win races.”

He won't be able to avoid the limelight if Hopper (Declaration Of War) can win the Big 'Cap on Saturday, only his third start since breaking his maiden. This was a $90,000 gem deep in the September Sale: further confirmation, then, that it's not just the funding nowadays available to Lanni that sets him apart. But exactly that, he insists, is what gives everyone a chance-and what makes our industry so captivating.

“Because it's all a mystery,” he says. “And that's why it's fun to get up every morning. You never know what's going to happen. And to think that I get to do this every day for a living. When I go back home for Christmas every year, I remind myself how lucky I am. Noone's cracked it. I mean that. If I told you that I think I know what I'm doing, I don't. I've just gotten lucky. I've gotten really lucky, because of the people you meet.”

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