OBS October Gets Under Way

A total of 713 yearlings have been cataloged for the OBS October Sale, which kicks off a two-day run Tuesday morning in Central Florida.
Based on the foot traffic on the grounds over the last few days, OBS Director of Sales Tod Wojciechowski is confident there will be plenty of demand for what is on offer.

“We were very busy Sunday and by Monday afternoon we were busy again, so I feel pretty good about what we've seen traffic-wise,” he said.

October graduates don't get much important than Crimson Advocate (Nyquist), who was purchased by Dew Sweeper II from the consignment of Beth Bayer, agent, for $100,000 last fall and has won two of her three starts to date. A debut third to future GISW Brightwork (Outwork) at Keeneland this past April, the chestnut earned a trip to the Royal Ascot meeting when taking out the Royal Palm Juvenile Fillies in May and made the most of the opportunity by posting a 9-1 upset in the G2 Queen Mary S.

As recently as this past weekend, the October Sale was represented by Time Passage (Tunwoo), an $85,000 purchase by trainer Eddie Plesa for his clients Karl and Cathi Glassman, who prevailed in the Miss Gracie S. at Gulfstream Park this past Saturday.

Nothing inspires confidence in a sale than success at the races, said Wojciechowski.

“Absolutely. When you have those sorts of results, it certainly entices a buyer to come in and maybe they can find one like that,” he said.

The October catalog features a diverse cross-section of stallions from Florida, Kentucky and New York, and should have something for everyone, Wojciechowski said.

“More and more we see a better mix of and we also have some of the sire power that has been in favor as of late,” he said. “We have some Mitoles, Complexitys sold well at the previous sales, so the quality of sire continues to grow for us here.

The October Sale comes on the heels of regional events over the past few weeks which posted mixed results year-over-year. At the Fasig-Tipton California sale, which also included a Horses of Racing Age Section, the average was fractionally higher, but the median took a significant dip while one of every three horses was bought back. The average was down slightly during last week's Fasig-Tipton Midlantic Sale, and there remained an uneasiness in the middle market while buybacks also trended a bit higher.

“From the sales standpoint, I think we're going to see what we've seen at the yearling sales this year,” Wojciechowski offered. “The perceived upper end will sell very well and it might get a little thin in some of the middle spots. But there's no reason we should expect something totally different.”

With sessions beginning at 10 a.m. ET, hips 1-338 and supplemental entries hips 339-359 are set to go under the hammer Tuesday, followed by hips 401-739 and supplements 740-755 on Wednesday. Some 37 yearlings were added to the sale after the catalogs were printed.

The Green family's D. J. Stable acquired last year's joint $210,000 toppers, a colt by Mitole and a Filly by The Factor, each bred in Florida.

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‘A Lot of People, a Lot of Energy & a Lot of Activity’ – Bolt d’Oro Filly Leads Way During KEESEP Book 5 Finale

A filly by Bolt d'Oro brought $127,000 from Choctaw Racing to lead the way during Thursday's Book 5 finale at the Keeneland September Yearling Sale. A son of Frosted was the highest-priced colt on the day and the session's second-highest priced yearling, realizing $110,000 from the Korea Racing Authority.

Ten yearlings brought $100,000 or more during the session while 13 hit that mark last year.

Keeneland sold a total of 289 yearlings through the ring Thursday for $9,276,500, good for an average of $32,099 and a median of $25,000. The gross was down 10.24% from last year's $10,335,000 when 308 horses sold. The average decreased 4.34% from $33,555 in 2022, while the median stayed the same.

Cumulatively, a total of 2,392 yearlings have changed hands for $388,649,700, good for an average of $162,479 and a median of $85,000. The gross is 2.82% below the same period last year when 2,488 horses sold for $399,940,000. The average price of $162,479 is slightly above $160,748, while the median of $85,000 is equal to last year.

Calumet Farm acquired five yearlings for a total of $390,000 to be the session's leading buyer. Taylor Made Sales Agency was Thursday's leading consignor with gross sales of $795,000 for 25 horses sold.

“Today has been amazing,” Taylor Made's Mark Taylor said nearing the end of Thursday's session.

“I don't know what the final numbers will bear out. But it's just been amazing–the activity. Horses got shown more than they ever have in Book 5 and they've gotten vetted more than they ever have in Book 5. And generally speaking, if they vet, they are selling very well. To me, it feels like a lot of people, a lot of energy and a lot of activity. A lot of it is driven by the pinhookers, who have been shut out along the way. I expect Book 6 to be better than usual.”

Airdrie Stud freshman sire Complexity led all sires on the day with eight yearlings sold, including a pair of six-figure sellers, for a total of $402,000 ($50,250 average). Taylor Made Stallions's fellow first-crop sire Instagrand checked in third on the day with eight yearlings bringing $369,000 ($46,125 average). Darley's Frosted split the pair with seven yearlings realizing $399,000 ($57,000 average).

Bred in Kentucky by Gabriel Duignan's Springhouse Farm, Thursday's Bolt d'Oro session topper was consigned as Hip 3590 by Paramount Sales, Agent LXXXIII. The daughter of the unraced Tale of the Cat mare Tigress Tale is a half-sister to last summer's Coronation Cup S. heroine Empress Tigress (Classic Empire).

The aforementioned son of Frosted was produced by the Forest Wildcat mare Streaker, a half-sister to Phipps GISWs Pine Island (Arch) and Point of Entry (Dynaformer). Consigned by Brookdale Sales, agent, as Hip 3572, he was bred in Kentucky by Mr. and Mrs. Oliver S. Tait.

The September Sale has two sessions remaining on Friday and Saturday, both beginning at 10 a.m. ET.

Nothing But Net…

DeJuan Smith, a ringman for Keeneland and also a show person for Taylor Made Sales, enjoyed a fantastic return on investment with a colt from the first crop of Instagrand on Thursday.

Purchased for just $15,000 earlier this year as a FTKFEB yearling, the New York-bred brought $105,000 from Don't Stop Me Now Stable at KEESEP.

Out of the winning More Than Ready mare Sistas Ready, the dark bay received a very timely update when his 2-year-old half-brother Vote No (Divisidero) captured the Pepsi Juvenile Sprint S. at Kentucky Downs last week.

He was consigned by Taylor Made Sales Agency, Agent XXVII, as Hip 3552.

“DeJuan started pinhooking last year, had some success and did very well,” Taylor said. “This was his only one that he had this year and just did a great job raising the horse. It was a New York-bred and he got a very timely update right before the sale. It all came together and he did very well.”

Instagrand has also been represented by a $350,000 colt (Hip 1524) and a $125,000 colt (Hip 1174) so far during this Keeneland September sale. He stood for $7,500 this year.

Instagrand has been great and a lot of people are talking about him,” Taylor said. “He's throwing really nice-looking horses. He's got a lot of momentum right now.”

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Two More Million-Dollar Yearlings As Competitive Book 2 Concludes

by Jessica Martini & Christina Bossinakis

LEXINGTON, KY – The Keeneland September Yearling Sale continued to match the figures from its blockbuster 2022 renewal with colts by Curlin and Not This Time bringing seven figures during a competitive concluding Book 2 section Thursday.

“Today was a very steady, good healthy market,” said Keeneland Vice President of Sales Tony Lacy. “We were tracking the median all through the day and it never moved at all. It was very, very steady. Overall, I think people were very happy. I think there was a confidence that, if you brought a product that people really liked, you were going to get well rewarded. There was definitely a lot of trade going on and there was good energy. It wraps up the first week that equates almost identically to last year, which was incredible.”

The two sessions of Book 2 saw 416 head gross $117,375,000 for an average of $282,151 and a median of $225,000.

During the 2022 Book 2 section, 449 yearlings sold for $123,330,000. The book average was $274,677 and the median was $225,000. Eight million-dollar yearlings, including a $1.7-million son of Quality Road, sold during the section.

Through four sessions, 637 horses have sold for $234,300,000. The average is $367,818–up 3.83% from the corresponding 2022 figure–and the median was up 9.09% to $300,000.

Thursday's buy-back rate was 30.77%, up from the 2022 fourth session figure of 28.13%, while the cumulative buy-back rate stands at 28.67%. It was 25.50% at this same point a year ago.

“I think today there was a great energy for the preferred offerings,” said Keeneland Director of Sales Operations Cormac Breathnach. “The RNAs were a little higher, there is selectivity creeping into the market, but it's still a very healthy robust market with a lot of good trade, a lot of domestic interest.”

Seven horses sold for $1 million or more during Book 2, bringing the total for the four-day auction to 30. That matches the figure from the 2022 and is the most at a September sale since 32 sold for seven figures in 2007.

Bloodstock agent Lauren Carlisle made the highest bid of Thursday's session, going to $1.1 million to acquire a colt by Curlin from the Taylor Made Sales Agency consignment. Earlier in the session, West Point Thoroughbreds and Mike Talla paid $1.05 million from the St George Sales consignment.

Despite the strength at the top of the market, sellers were casting a wary eye at both the buy-back rate and the number of late outs as the September sale marches into its second week.

“I think the market is very good on the top end, you know for very, very top offerings, the market is outstanding,” said Taylor Made's Mark Taylor. “I think in the middle market, we're finding more polarization and the buyers are a little finicky. If there's any vet stuff, that's even a miss at all, people are taking a wait-and-see cautious approach. And that's why I think the buy-back rate is trending a little bit higher throughout the sale. It will be interesting to see what happens in Book 3. Keeneland has done a nice job at pushing better physicals forward into Book 1, and I think in some ways that might have weakened Book 2 physicals a little bit. There might have been some well-pedigreed horses that were average physicals that used to go into Book 1, but now are in Book 2 and I think that Book 3 is going to be really strong physicals at the heart of the middle market and there's going to be more buyers that we haven't even seen. So I expect things to keep kind of just the domino effect going forward with some strength in the market. We'll see, we're not even to half time yet. We still have to see what the market will do the rest of the way.”

Lincoln Collins oversaw a contingent of Woodford Thoroughbred offerings, with the operation selling five of six yearlings during the first four September sessions.

“This is a funny market here,” Collins said. “We've been fortunate so far. That's something of an exception the way it is going at the moment. When you look at the number of horses that aren't selling–when you calculate the buy-backs and the late outs–it's slightly nerve-wracking. It's very much all or nothing. Sometimes even if you have the right horse, it doesn't come out to your expectations.”

With a dark day Friday, the Keeneland September sale continues through Sept. 23 with sessions beginning daily at 10 a.m.

$1.1M Curlin Colt Tops Thursday Action

Half way through Thursday's action, Hip 977, a colt by Curlin, reeled in $1.1 million final bid from agent Lauren Carlisle on behalf of an undisclosed client.

“He looks really fast and, hopefully, he proves that,” said Carlisle. “He has a really good walk and looks very athletic. We're looking for a nice two-turn colt. Hopefully, he can be that horse.”

Weighing in on the price, she said, “I was worried that the price would be that high. I did not want it to be but that is how it is right now.”

The Mar. 3 foal is out of GII Lexus Raven Run S. scorer Miss Sunset (Into Mischief), who also finished runner up in the GI Madison S. This family also represents dual graded stakes winner Prayer for Relief.

The colt was bred by Breeze Easy, who purchased the mare for $825,000 at Fasig-Tipton November Sale in 2018.

“He is a very just well balanced colt, and the main thing about him was he was very athletic–he has good angles and is well put together,” said Mark Taylor of Taylor Made Sales, who consigned the colt. “When you see him walk, he just barely hits the ground. He just kind of floated.”

Taylor added, “He is a very nice horse bred by Breeze Easy, which is Mike Hall and his late partner Sam Ross. Sam passed away, so it was a nice tribute to their program. He was well prepped coming into the sale, looked great and really we had the easy part. We just had to show him for a couple days and let him do his thing, and we're very happy with the result.” —@CbossTDN

West Point, Talla Team for Not This Time Colt

Mike Talla and West Point Thoroughbreds partnered up to acquire a Not This Time colt (hip 879) for $1.05 million at Keeneland Thursday. The bay, who was the sixth seven-figure yearling of the auction's Book 2 section, was consigned by St George Sales. He is out of Foreign Affair (Exchange Rate), a half-sister to multiple group winner So Perfect (Scat Daddy), and was bred in Virginia by Audley Farm.

“He's just a beautiful horse,” said West Point's Terry Finley. “[Trainer] John Sadler loved him. John just got here a day and a half ago and this is one of the horses that he put at the top of his list.”

The yearling was the fourth seven-figure purchase of the four-day auction for West Point, which teamed with Chuck Sonson and Woodford on the $3-million sale topper.

“Power of the partnership–it's great to join forces with someone like Mike,” Finley said. “John [Sadler] will train the horse on the West Coast and we think he's a really, really good prospect.”

Hip 879 was the second seven-figure pinhook for Archie and Michelle St George, who teamed with Roger and Tony O'Callaghan to purchase the colt for $375,000 at last year's Keeneland November sale.

“It's a big thrill when it all works out,” Archie St. George said. “It's a big team effort with Roger and Michelle and everyone at the farm. He's just a nice horse. Not This Time continues to go from step to step and he was raised a very nice farm.”

St George continued, “Most importantly, I'd like to thank the buyers, David Ingordo, Terry Finley, John Sadler, and Mike Talla. I hope he goes on and he's a runner.”

During Tuesday's second session of the Keeneland sale, St George sold a colt by Into Mischief (hip 283) for $1.8 million to M V Magnier. That yearling had been purchased for $550,000 at Keeneland last November.

Asked if he came into the auction thinking he might have two seven-figure sales, St George said, “Certainly not. We just got lucky. These yearlings, they have to vet and do all of that. And some years it's good and some years it's not. We are just very fortunate to have a horse like him.” –@JessMartiniTDN

Hip 920 | Keeneland Photo

Omaha Beach Colt brings $950K Day 4

Continuing the successful run for Spendthrift's freshman sire Omaha Beach, Hip 920 went to Jim and Dana Bernhard's Pin Oak Stud for $950,000 during the second day of selling in Book 2.

“Obviously, Omaha Beach is off to a great start at stud with his first crop. I thought he was a beautiful colt,” said Equine Analysis Systems' Matt Weinmann, advisor to the Bernhards. “Every colt that we buy is really nice and well balanced, physically. If he's the real deal, he'll be a nice stallion prospect.”

He continued, “I know being at the 2-year-old sales this year, we saw a lot of Omaha Beaches that we liked, so you know by seeing a lot of good ones out on the sales grounds. It's a little early, but he's had a lot of winners and impressive horses on the track.”

Consigned by Burleson Farms, the Apr. 9 foal is out of the unraced Infraction (Tapit), a daughter of GSW and MGISP Andujar (Quiet American). The 8-year-old mare is a half-sister to SW Marion Ravenwood (A.P. Indy), the dam of champion 3-year-old filly Nest (Curlin) and GI Santa Anita H. winner Idol (Curlin). She is also responsible for stakes winner Lost Ark (Violence).

Weinmann added, “We kind of let our testing procedures do the judging most of the time, but traditionally judging the horse, he had a beautiful great walk and was an outstanding individual.” —@CbossTDN

Nice Guys' Colt Makes Most of Delay

When Lyn Burleson sent a colt by Omaha Beach (hip 920) through the sales ring at Keeneland last November on behalf of Steve Spielman's Nice Guys Stables, the weanling was led out unsold at $175,000. The colt's next trip through the ring, again with Burleson Farms, proved more profitable when he sold for $950,000 to Pin Oak Stud Thursday.

“Before the sale, I didn't expect that, but I knew when he was pretty active today that it was going to be good,” Burleson said of expectations Thursday. “I just didn't know how good. But all of the right people were on him.”

Last November, the colt followed his dam, the unraced Infraction (Tapit), into the ring at Keeneland. The mare, a half-sister to the dam of champion Nest, sold for $600,000 to Steve Young as agent for Ramona Bass.

“We had him in November with the mare and we thought we would sell the foal, but we used the foal to help showcase the mare a little bit,” Burleson said. “We sold the mare and we ended up RNA'ing the colt as a baby.”

“All of the foals that I have seen out of the mare have been late-maturing and that was the case with this foal,” Burleson continued. “Sixty days ago, he was nothing like the horse that he was today. And the 2-year-old was the same. The more time these babies have the better. It just worked out that he peaked at the right time to come to this sale.”

Nice Guys Stables purchased Infraction for $120,000 at the 2018 Keeneland November sale. Her 2-year-old filly Shore War (Omaha Beach) sold for $350,000 at this year's OBS April sale.

“Nice Guy Stables are very loyal clients and very good to deal with and he gets all of the credit,” Burleson said. @JessMartiniTDN

Big Day for Woodslane Led by $700K Curlin

Lauren and Rene Woolcott's Woodslane Farm enjoyed a banner day at Keeneland Thursday, led by Hip 1020, a filly by Curlin that brought $700,000 from Green Lantern Stables and Patrick Masson. The chestnut was consigned by Hidden Brook.

The Mar. 1 foal is out of Prospector's Moon (Malibu Moon), the dam of a pair of winners, including GSP Malibu Curl (Curlin). The 11-year-old mare is a half-sister to Florida Oaks winner Ender's Sister (A.P. Indy), herself the dam of GISW A.P. Indian (Indian Charlie), GSW Tiz Shea D (Tiznow) and GSP Its All Relevant (Hard Spun). Prospector's Moon was a $350,000 purchase by the Woolcotts at this venue in 2013.

Earlier in the session, the couple sold Hip 856, a filly by Ghostzapper, for $550,000. On the day, the Woolcott's sold the pair for gross receipts of $1,250,000 for an average of $625,000.

Legacy Runs Deep $550K Ghostzapper Filly

To say that the Woolcott's have a deep connection with family of Hip 856 would be an understatement. Having already campaigned a Grade I winner out of the mare Dynaire (Dynaformer), Lauren and Rene Woolcott watched as their homebred filly by Ghostzapper realized $550,000 in the ring Thursday. Consigned by agent Hidden Brook, the Apr. 28 foal was purchased by Texan Doug Scharbauer.

“I like this filly a lot,” said Scharbauer, who purchased four yearlings in Book 1, highlighted by a $900,000 Uncle Mo filly. “I thought she might bring closer to $1 million. From now to the end, it's going to get better [for buyers].

Through Book 1 and 2, Scharbauer, whose family is best known for campaigning dual Classic winner and Horse of the Year Alysheba, purchased seven head for $4.3 million, including a grey colt by Tapit (Hip 348, post sale $525,000).

“I really like [the colt],” he affirmed. “This is the most I've ever bought in my life.”

Now 15 years old, Dynaire has already shown she can produce runners with both ability and longevity, as is the case with GI Sword Dancer S. winner Sadler's Joy (Kitten's Joy), who started in 37 starts over six seasons, amassing over $2.6 million in earnings for trainer Tom Albertrani. Coupled with four victories at the graded level, the chestnut also hit the board in an additional five Grade Is.

“He was just a fantastic horse,” said Lauren Woolcott. “He gave 100% every time. If he wasn't getting black-type in a graded race, that was unusual. Unfortunately, distance and turf didn't make him appeal to American farms, so a stud in Turkey was interested in him so he went there.”

For the Woolcotts, Dynaire–a $360,000 Keeneland September yearling purchase in 2009–also produced this season's Kentucky Cup Classic winner Wolfie's Dynaghost (Ghostzapper), an earner of $596,805.

“We bought the mare here as a yearling and put her in pre-training. Since we couldn't race her [because of injury], we sent her to the breeding shed,” she explained.

In his latest start at Kentucky Downs, the 6-year-old won a valuable money allowance Aug. 31. Dynaire is also responsible for the stakes-placed pair of Lunaire (Malibu Moon) and Dyna Passer (Lemon Drop Kid).

“With Wolfie, we tried to develop a more versatile horse. He's not Sadler's Joy but he just delivers,” Woolcott explained.

Currently residing at Hidden Brook, Dynaire has a Munnings colt by her side and is back in foal to Not This Time. Her daughter, Dyna Passer, has a yearling filly by Speightstown (Hip 1685) slated to sell in Book 3 Sunday, also under the Hidden Brook banner. She currently has a filly foal by Munnings in tow.

“It's a business, and we have to generate revenue,” said Woolcott. “It was a hard decision to sell this filly today. We really liked this filly. She obviously has a great pedigree. But we needed to put her out there and see what would happen. We're thrilled because somebody gave a fair price for her. I had a figure in my mind and the buyer agreed. We're very happy.”–@CbossTDN

Steve Young Gets the (Blue) Point

Amongst a sea of Into Mischiefs and Uncle Mos, a filly by Blue Point (GB) (hip 800) was always going to stand out as the only yearling by the European first-crop sire sensation catalogued for the  12-day Keeneland September sale. Consigned by Taylor Made Sales Agency as agent for breeder WinStar Farm, the dark bay yearling sold for $400,000 Thursday to the bid of bloodstock agent Steve Young.

Through Howson & Houldsorth Bloodstock, WinStar Farm purchased the unraced Birdwatcher (Uncle Mo), in foal to Blue Point, from the Godolphin draft for 160,000gns ($231,835) at the 2021 Tattersalls July sale.

“We asked Matt Houldsworth to look at Tattersalls for anything of interest with an American slant and he came back with her,” explained WinStar's Elliott Walden.

The mare is out of multiple graded stakes winner Bizzy Caroline (Afleet Alex), a half-sister to champion Lady Eli.

Blue Point, a four-time Group 1 winner, recorded a memorable double at Royal Ascot in 2019 when he won his second G1 King's Stand and returned five days later to win the G1 Diamond Jubilee S.

“Blue Point was an interesting horse because we were at Royal Ascot with Yoshida when he won twice in five days,” Walden said. “So we did have some respect for him. But being his second crop, we didn't know how it would turn out.”

Blue Point, who stands at Kildangan Stud, has gotten off to a flyer with his first crop to hit the track this year. The stallion has already been represented by over 30 winners and four stakes winners.

“We brought the mare back [to the U.S.], we foaled her out here and, since we sell most of them, she was always going to come here [to Keeneland],” said Walden. “It's nice that the stallion has gotten off to such a great start. When you buy those type of mares, you weigh that in on the front end. You're not sure how it's going to work out. We just got lucky that Blue Point is a good stallion.”

Of the yearling, Walden said, “She's always been a really nice filly. She's been one of the best fillies that we had on the farm physically for a long time. She had such a great walk. I was kidding with Steve Young and Ramona Bass that we almost just walked her over from WinStar Farm to Keeneland. She would have done it in four jumps. She has a big, loose walk.”

Young said the sire was just one part of the equation in his decision to bid on the filly.

“He was obviously a tremendous talent for Sheikh Mohammed and I have great respect for Blue Point, but I wouldn't have bought her just on that one piece of the puzzle,” Young said. “I don't think one part of the equation is worth more than any other. I think she was the total package.”

Young continued, “I think some people pigeon hole horses for where they are from as to what they want to do. And that can be right, but it doesn't have to be. If you look at all of those horses that Bull Hancock went and brought to America, they were good horses. They weren't dirt horses when he brought them here, but it worked out that they were.”

Walden said there was plenty of interest in the filly from European buyers at Keeneland before she sold to a domestic buyer.

“I think it's nice that the market is so interwoven and you have European buyers appreciating the American bloodstock and now you have Americans appreciating the European bloodstock,” Walden said. –@JessMartiniTDN

Simple Math With Complexity

In a sale where several of the industry's marquee stallions were firing off cannons balls with a bevy of seven-figure yearlings, others struck a lower key while still offering big rewards for breeders who jumped in to support them early in their stallion career. In that group, Airdrie Stud's Complexity (Maclean's Music), who is represented by his first crop of yearlings in 2023, made a good showing with four yearlings selling through the first two books.

“He was a fast and early horse, and everything you see from the yearlings leads you to believe that the babies will fit that same pattern.” said Airdrie's Bret Jones. “We are thrilled and have been thrilled since the babies have started hitting the ground. He's always been a very popular stallion and we've put a great group together to support him. Those breeders are enjoying the same success we are. These are exciting times.”

Leading the small but select group, Hip 1042, a filly out of Rushin No Blushin (Half Hours), reeled in a $400,000 final bid from Arnmore Thoroughbreds Thursday. Consigned by Paramount Sales, the Feb. 16 foal is a half-sister to GI Champagne S. and GI Allen Jerkens Memorial scorer Jack Christopher (Munnings). Airdrie also sold a pair of fillies by the GI Champagne S. winner–Hip 356 and Hip 951–both for $375,000. The former was secured by Mike Ryan, while the latter was purchased by Thomas Bachman/Fairview LLC.

“The two fillies we sold are as good as anything we have had in the barn,” Jones said. “Both are exceptionally nice. They give you a lot of reason to get excited about next racing season.”

Rounding out the early-book quartet, Hip 769, a half-brother to GI Santa Anita Derby scorer Practical Move (Practical Joke), realized $300,000 straight out of the box Thursday morning.

The foursome generated $1,450,000 in gross receipts, averaging $362,500.

While those numbers are impressive for most stallions, they offer a little extra glitter for a sire that stood for a bargain $12,500 fee in 2023. With a total of 63 still slated to sell as of Thursday afternoon, it appears there are many more bullets left in Complexity's holster at Keeneland.

Jones said, “You love it when your breeders get rewarded and the momentum we have going right now, the breeders with the Complexity's in Book 3 and 4 will get rewarded as well.”–@CbossTDN

Woodford Downsizes

John Sykes's Woodford Thoroughbreds, which closed its Kentucky branch to consolidate operations at its Florida farm in 2018, will now be shutting the Ocala farm and downsizing its commercial broodmare band.

“The farm in Florida is closing down–if anyone wants to buy it, get in touch,” said Woodford advisor Lincoln Collins said with a laugh Thursday at Keeneland. “We are selling 18 mares in November. Not especially because we don't like the mares, but because we've decided we want to keep a band of 20 really nice mares here in Kentucky. We're just downsizing and reorganzing. The mares are boarded at Town and Country, they will be sold probably with similar consignors that we are using now and we will continue with the operation just at a smaller and hopefully at a tighter level.”

Of the decision to downsize, Collins said, “John has been in this a long time. Obviously, he is getting on, but he's still very active. He decided he wanted to continue in the business because he likes it, but on a smaller and on a more selective scale.”

It was recently announced that Woodford trainer and general manager John Gleason would be joining Margaux Farm as farm trainer. Woodford director of sales Beth Bayer has joined Elite Sales, while the farm's director of client relations Shannon Castagnola has been named Airdrie's new director of sales.

“John Gleason, Shannon Castagnola and Beth Bayer have all got new jobs,” Collins said. “They are great people and we are very happy that they are well-settled.” @JessMartiniTDN

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Value Sires, Part 3: First Yearlings in ’23

The stallions we assess today find themselves at the first major crossroads of their new career. Poor fellows, they're still a long way from having the chance to demonstrate whether they can actually produce runners. But that seems a pretty incidental consideration in the current marketplace, which has created a self-fulfilling cycle. Like it or not, stallions nowadays do indeed have their best chance of producing a good one from their first crop, as these typically emerge from the biggest and best books they will ever get. That, in turn, only reinforces demand for new sires-and it has become extremely hard to break that circle.

In contrast, we now come to that awkward bubble for stallions between the market testing of first weanlings (and soon first yearlings) and the racetrack testing of first juveniles. Even that, of course, will scarcely be a fair measure of those that might need two turns and maturity to show their full hand. There's nothing like having a strong third and fourth book behind you, then, if a stallion actually starts delivering on the track. But this is instead typically a time when book numbers begin to slide, and farms often start dangling lower fees to keep these horses in the game.

Fee cuts are duly one of the “value” factors we must weigh now, alongside the initial vibes from the weanling marketplace. As a result, we can't just replicate our previous choices among this intake. The sands are shifting. On the other hand, we do need to persevere somewhat. If you truly believe in a horse, you will expect him to make an impact on the track even if he has meanwhile endured a tepid reception at market. And, if he does indeed vindicate your belief, there might actually be a commercial dividend for those who keep the faith now.

That makes this is a devilish group to sieve down to a “podium.” We want to respect the professional verdict of horsemen, presented with the first flesh-and-blood evidence of a stallion's genetic imprint. But we also want to respect those horses that will have to ride out diminishing books pending any racetrack impact. We all know of great stallions who were clinging to the precipice around this point. Yet we also know that many who find themselves in that kind of early pickle will indeed just keep slithering into the abyss.

So let's hit and hope, and see if we can strike a balance between these conflicting forces.

Bubbling Under:

We've often noted that those directing ringside investment tend to be pretty obedient, in that sale averages broadly tend to align with the order suggested by sires' opening fees. This intake, however, actually featured one or two that dropped out of that sequence, with their weanlings, and who will duly be under pressure to raise their game at the yearling sales next year.

Among those who did best behind Authentic-who topped the averages, as required by his fee-were Game Winner and McKinzie, who both duly maintain their $30,000 tags.

Of those who have been processing “mega” books, VEKOMA appeals as a valid play right now. He has taken another friendly clip to $15,000 at Spendthrift (started at $20,000) which should help to maintain momentum pending a remarkable stampede of runners. (First books of 222 and 196!) While the sheer volume of his stock will ensure a wide range of experiences for vendors, a $92,222 average is highly respectable in view of the fact that he sold no fewer than 27 of 29 offered. A Grade I winner at seven, eight and nine furlongs, Vekoma is from a stallion-producing family and channels a lot of speed by the standards of his sire of sires.

It is only with extreme reluctance that we ask HONOR A.P. to dismount the podium, as I remain certain that he was extremely close to the summit of his generation, in ability and looks alike. I suspect it may have been a little difficult for him to start out alongside his own sire, who would ideally have elevated himself into a different commercial tier by now. In the round, however, Honor A.P. has ample pedigree to convert his inherent gifts into an awful lot of “run” for your money.

He should have an adequate foothold with opening books of 110 and 81, and we will be keeping the faith at $15,000 at Lane's End. With that tremendous frame of his, I wouldn't be at all surprised if one or two of his foals mature into major pinhook scores from a median touching $45,000.

Complexity | Sarah Andrew

We gave COMPLEXITY high rank in this group last year and he made a very solid auction debut, finding a home for 27 of 33 weanlings at $58,518. But while his yields are basically in step with the other $12,500 start-up in the intake, he cedes the podium purely because the rival in question-as we'll see in a moment-has taken a fee cut even as his family tree had been elevated.

Everything remains in place for Complexity, however, not least after covering as many as 282 mares across his first two years at Airdrie. He was the most expensive yearling of his crop by a stallion who has since elevated himself to a much less accessible fee; and, for such a fast horse, you might have expected him to spend a rather larger portion of his career in sprints. I'm confident Complexity will have a say in the freshman sires' championship-and, if he does, obviously those who support him now will be well ahead of the curve.

Bronze: WAR OF WILL (War Front-Visions Of Clarity by Sadler's Wells)
$25,000 Claiborne

This series is not about finding stallions who are simply the most credentialed to succeed. That said, I do feel that this guy may have the best prospects of this group of turning himself into an important stallion. For a dirt Classic winner to combine Northern Dancer's parallel breed-shapers Danzig and Sadler's Wells as closely as he does-they respectively account for his sire and dam-feels like a fairly historic opportunity to reconcile the culpably separated gene pools of North America and Europe.

And, in those terms, he looks value as well. Certainly the early signs are that War of Will is getting the commercial traction he needs, with 255 mares across his first two books and a highly promising ring debut, processing 21 of 28 weanlings offered at $102,761.

Standing alongside another young grandson of Danzig, Silver State, War of Will similarly has an opportunity to enrich the legacy of a stallion who founded a global dynasty on this same farm. The maternal line, moreover, is regal: extending to matriarch Best In Show (Traffic Judge) through a line decorated by such brilliant Niarchos performers as his dam's sibling Spinning World (Nureyev) and granddam's half-sister Chimes Of Freedom (Private Account), herself dam of Aldebaran (Mr Prospector) among others. The result is a “stairwell” of quality through War of Will's third and fourth generations that makes it irrelevant which genes filter through, because they are uniformly proven to be potent (i.e. not just by the names that bring them into this pedigree).

That's how you end up with a Preakness winner who could then add a Grade I mile on turf at four. We know that the commercial market often betrays a childish dread of any flavor of chlorophyll in a pedigree, but hopefully everyone can see that the grass elements in this horse are all about miler speed and class.

War of Will | Claiborne

Obviously, War of Will remains a far more affordable alternative to his ageing sire. In the next instalment of this series we'll see whether another elite dirt winner by War Front, Omaha Beach, can retain gold in his own class. But for now we note with pleasure that War of Will and Silver State share a chance to take their farm back to the future, lighting a path from the glorious torch that was Danzig.

Silver: GLOBAL CAMPAIGN (Curlin-Globe Trot by A.P. Indy)
$10,000 WinStar

I've been with this fellow throughout and will gladly double down now that he gets a trim in fee, from $12,500, even as his genes have been exalted by a stellar start to his own stud career by half-brother Bolt d'Oro.

With 177 mares in his first book, Global Campaign will have the necessary ammunition for his bid potentially to give their remarkable dam a second consecutive champion freshman from just three foals delivered before her premature loss.

It'll be fun to see whether her only other son, Sonic Mule (Distorted Humor), can thrive in his own stud career, in Uruguay. Even as things stand, however, Globe Trot was clearly a conduit of some very potent genes.

This is a branch of the Myrtlewood dynasty that has conspicuously concentrated speed. Globe Trot's dam was a triple graded stakes winner (including round one turn) whose half-sister produced triple Grade I sprint winner Zensational (Unbridled's Song)-an unusually quick horse, for his sire, just as two juvenile Grade Is hardly made Bolt d'Oro a standard issue Medaglia d'Oro. Sonic Mule was graded stakes-placed at six furlongs. Sure enough, Global Campaign himself was loaded with a good deal more speed than might be expected in a son of Curlin out of an A.P. Indy mare.

Indeed, he outpaced Yorkton (Speightstown) over seven furlongs on his comeback at four. And while he never ran at two, that was pretty marginal: he romped on debut on January 5. I always felt that his slightly uneven development-which didn't stop him clocking four triple-digit Beyers in 10 starts-meant that people never quite recognized the level he had reached once putting it all together. Conceivably, moreover, his outlying family left him unfinished business over slightly shorter distances (unpressured in the GI Woodward H.).

Global Campaign | Sarah Andrew

Global Campaign made a solid debut at the sales, hitting a median of $52,500 for 16 weanlings sold (25 offered). And while his second book halved to 87, the chance presented by his big first crop could really work in favor of those who persevered. The fee cut gives them every incentive to do so again, not least with Bolt d'Oro ($15,000 in 2021, now $35,000) now surging beyond the reach of many operating at this level.

Gold: COUNTRY HOUSE (Lookin At Lucky-Quake Lake by War Chant)
$7,500 Darby Dan

No point undertaking an exercise like this if you're not prepared to stick your neck out from time to time. Quite clearly the odds are steeply against Country House, favored by no more than 89 mares across his first two books, but he deserves someone to stand up and point out what the herd is missing.

He was scandalously underrated as a racehorse, a victim of all the hoopla about the horse he supplanted as Derby winner. He got no credit for beating all the rest of his crop on the day that counted-including horses like Improbable and Game Winner, who were launched at much higher fees-though his performance actually sat very coherently with the way he had been progressing through his rehearsals.

He was then unfortunate to be denied any chance of authenticating his breakout (becoming even more of a forgotten horse, sadly, after the decision to keep him in training backfired) and, though sensibly priced and inbred to the Sam-Son matriarch No Class (Nodouble), has evidently remained in the margins of breeders' attention.

What a fabulous achievement, then, to hit a $250,000 home run with one of only four weanlings into the ring from his debut crop. Obviously, the colt he sold at Keeneland in November, buried deep in the catalogue as Hip 2370, could turn out to be a flash in the pan. But the fact is that far more expensive peers had to summon two or three dozen weanlings from enormous books to muster a single sale in that kind of range.

Congratulations to those who banked that dividend off a $7,500 cover. It may be too much to hope others will now sit up and take notice, given how deplorably the market has treated Lookin At Lucky over the years. But that horse has never lost his appeal to those prepared to swim against the tide in pursuit of merit. And perhaps it will also prove true of his son that there's no limit to the kind of runner he might produce, if only he is given a chance.

As we've said, this is an agonizing podium because it permits wildly different interpretations of value, bringing together horses like Vekoma, who have suggested immediate viability on a more industrial model, with others who can overcome early neglect and prove long-term value once they get runners.

Country House, while clearly belonging in the latter category, has also made a resounding commercial statement from tiny opportunity. He's an audacious pick, no doubt, but plenty of less deserving prospects will be receiving far more attention-and we must do the little we can to redress that.

The post Value Sires, Part 3: First Yearlings in ’23 appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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