Violence Colt Tops Book 5 Opener

The topper of Wednesday's opening session of Book 5 of the Keeneland September Yearling Sale came in the last few hips as Hip 3181, a son of Violence, summoned $220,000 from James Zahler. The bay was picked up by Bolter Bloodstock for $20,000 and consigned by Peter O'Callaghan's Woods Edge Farm.

A colt by Army Mule brought the second-highest price of $200,000 from Manfred and Penny Conrad, the owners of champion female sprinter Shamrock Rose (First Dude). Hip 3152 was consigned by Denali stud on behalf of Ontario breeder Yvonne Schwabe.

“This colt was a very nice profiled horse and good mover,” said Denali's Conrad Bandoroff. “He came in and showed himself well. He is owned by a dear friend and client in Yvonne Schwabe and we are thrilled for her to get this kind of result. It's always great to have a session topper and even better when you can do it for a really nice person”

The session totals remained on par with last year with 329 head bringing $12,969,000 Wednesday with an average of $39,419 and median of $30,000. The median is equal to the same session last year and average less than 1% higher than the 2021 average of $39,783. During last term's Book 5 opener 325 yearlings grossed $12,929,500. The RNA rates were also pretty equal at 9.2% last year and 9.8% this term.

The cumulative numbers were up with 2180 yearlings selling thus far for $389,605,000 compared to last year when 2125 youngsters brought $339,691,500. Average increased 11.8% from $159,855 to $178,718 and median was up 11.1% from $90,000 to $100,000. The RNA rate was down slightly from 21.2% to 20.18%.

“I think the trade today still remains competitive,” Bandoroff said. “If you came in here with realistic expectations and a willingness to set a reasonable reserve and put your horse on the market, there was a lot of turnover. We had a very good clearance rate today. It is great to see the back ring full and people having an appetite to try and buy horses.”

Gainesway was Wednesday's leading seller by gross with 23 yearlings bringing $1.166 million. Grassroots Training & Sales led all buyers, taking home 10 head for $375,000. Meanwhile, Kantharos led all sires for the session with 11 of his offspring summoning $472,500.

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Yearling Sales Season Arrives in Saratoga

SARATOGA SPRINGS, N.Y.–Fasig-Tipton marks 101 years of selling at Saratoga Monday with the start of its highly anticipated Saratoga Selected Yearling Sale.

The Saratoga Sale is known for offering some of the country's top yearlings, many of whom have quite the star-studded pedigrees. The 2022 catalogue, which features 216 yearlings, is no exception.

“It's just a fantastic collection of yearlings, both in terms of pedigree and the physical conformation,” Fasig-Tipton President Boyd Browning said. “We were excited all spring when we were going to the farms with the interest and the enthusiasm we were getting from folks with top quality yearlings. I think it's just as exciting of a group of yearlings that we've ever had the opportunity to offer. It's truly is a special catalogue and we couldn't be any more excited or optimistic about the 2022 Saratoga edition.”

The Saratoga Sale is just the second yearling auction of the season, following Fasig-Tipton's July Sale in Lexington. The July Sale featured a very strong market, giving sellers plenty to be optimistic about heading into this premier boutique auction.

“I think there's always a little bit of, you know, anticipation, anxiety, hesitation to see what the markets going to be,” Browning said. “July starts the yearling sales and we've seen a little bit of change in the worldwide economy. There's been a little bit of downturn in the financial markets and there was a little concern, but it was really encouraging to see positive signs in terms of the statistical performance of the sale. But even more than the statistical performance, was just the level of interest and the activity that took place before the sale and on the sales grounds. I think that we've seen strong, strong interest pre-sale here for the Saratoga Sale and I expect a very healthy market.”

Gainesway sold the topper at last month's July Sale and were also responsible for the sale-topper at Saratoga last year, an Into Mischief colt out of GI Test S. winner Paola Queen. They offer that colt's full-sister here this year. The operation's General Manager Brian Graves agreed with Browning's thoughts on the momentum from the July Sale carrying into Saratoga.   “The first sale of the year, July, was a really good sale,” Graves said. “Averages were up and medians were up. There was competition for all of the horses. I think the economy has improved since then. I don't see any reason this won't carry the momentum. The quality horses are here. I feel very good about our group. I am confident it will be a good sale.”

With one of the world's top race meets being held right across the street from the Humphrey S. Finney Pavilion, it makes Saratoga the ideal place to sell horses.

“There's always a lot of excitement and anticipation when we when we come up to Saratoga,” said Denali Stud's Conrad Bandoroff. “We've been very fortunate to catch some great results up here and have clients that give us some very nice horses to sell. We always target a couple of what we think are some of our nicest yearlings from the farm to come up here. It's just a great environment to sell horses.”

He continued, “It's a world-class race meet and a world-class boutique sale. The buyers and owners are up here. People just love to buy a nice yearling in Saratoga. We're very, very lucky that we have one of the best show areas on the ground, where our horses can really present themselves and showcase their best physical attributes. We call it the Saratoga magic. It can work the right way and the stars align and it can just be a really magical place to sell horses.”

Graves expressed similar sentiments, saying, “It feels energetic. It looks like all the usual buyers are here and even a few new ones. There is plenty of activity. Being centered around one of the best race meets in the world in a small town, the environment gets pretty electric during these night sessions.”

While Gainesway and Denali are familiar faces at the Saratoga Sale, Jill Gordon and Jacob West's Highgate Sales, which debuted at Fasig's February Sale, hangs its shingle up at the Spa for the first time.

“Saratoga is a sale both buyers and sellers look forward to each year and naturally has great energy,” Gordon said. “Bringing a draft here was one of our first short term goals when we launched Highgate earlier this year and we are grateful to our clients supporting us with two quality offerings. We are excited to be here for what is hopefully the first of many Saratoga drafts for Highgate.”

In addition to the perfect setting, the auction has produced some high-class racehorses. Its top graduates include unbeaten MGISW Flightline (Tapit), who brought $1-million at the Spa; MGISW Rushing Fall (More Than Ready); GI Florida Derby hero Known Agenda (Curlin); GI Santa Anita Derby winner Honor A.P. (Honor Code); GI Breeders' Cup Juvenile Fillies Turf winner Sharing (Speightstown); and many more.

The 2020 Saratoga Sale was canceled due to the COVID-19 pandemic, but the auction came back strong in 2021 with 135 yearlings summoning $55.155 million. The average was $408,556 and the median was $350,000.

Bidding gets underway at 6:30 p.m. Monday evening at the Humphrey S. Finney Pavilion and continues Tuesday with a second session starting at the same time.

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Second Generation Takes the Reins at Denali Stud

Thoroughbred nurseries are a place of new beginnings. Each spring the trees begin to bud, the grass becomes green again, and the next crop of foals arrive. Denali Stud has participated in this tradition for over three decades and has raised hundreds of future racehorses on its rolling acres, from the foals of Hall of Famer Serena's Song (Rahy) to 2011 GI Kentucky Derby winner Animal Kingdom (Leroidesanimaux {Brz}).

Last year, Denali Stud was the location of a different sort of new beginning as the site of the wedding of Conrad and Claire Bandoroff.

Conrad, the middle of three children of Craig and Holly Bandoroff, is now at the helm of Denali Stud as his parents take a step back to enjoy the fruits of their labor after 30 years spent developing the farm into the highly-regarded operation it is today. Recently, Conrad's wife Claire joined the team at Denali as the Director of Marketing and Hospitality to help lead the farm into its second generation of success.

Like Conrad, Claire was born into the horse business. She grew up on Idle Hour Farm in Paris, Kentucky, which was owned and managed by her father David Hager. Today her family is still involved in the industry as her mother Betsy Hager is on the team at Castleton Lyons and her brother Phil is growing a successful bloodstock agency, Taproot Bloodstock.

Claire found her own way into the industry in somewhat of a roundabout fashion. She studied Spanish and International Studies at the University of Kentucky and completed several internships with nonprofits in Lexington. At that time, she realized her passion for marketing. After graduating, she landed an internship at Kentucky Equine Research, an equine nutrition supplement company, and soon realized that her heart belonged to the horse business. She then took on a role at Cornett, a creative marketing agency in Lexington, where she worked for over two years managing the Lane's End Farm account. She assisted with the farm's stallion, sales and bloodstock needs while also collaborating with the agency's Keeneland account.

When Conrad and Claire got married last October, they put a lot of thought into how Claire fit into the future of Denali.

“We had a lot of discussion about if I was going to be a part of it or if I would be more in the background, and we decided that we wanted me to be very much involved,” Claire said. “Cornett was a tough job to leave because they were great and there are some brilliant people there, but I'm really excited about this next step as Conrad and I start to take over the reins a bit from Craig and Holly.”

“I'm a bit biased, but Claire has a very strong skill set and toolbox that she brings with her,” Conrad added. “She's extremely talented in the marketing field and I knew she would bring a skill set that we didn't really have at the time. We felt like Denali could benefit from her coming and working alongside my parents and me to continue to grow this family business into its next stage of evolution.”

Along with overseeing the farm's marketing needs, Claire hopes to expand the hospitality and tourism aspect of their operation.

“As we know with this industry, we need new fans in order for it to keep growing,” she said. “You never know who's going to come in the gate to be on a farm tour. With some of the tours I've had recently, these people have never pet a horse in their life and so it's really cool to see people spark an interest when they didn't know anything about horses to begin with.”

With the couple's decision to bring Claire onto the team came some important conversations.

“Obviously if you're married and working for the same business, there are going to be some boundaries you need to make,” Claire explained. “You don't want to be working or talking about work all the time. We decided that we would run pretty autonomously. I don't tell him what to do and he doesn't tell me what to do, but we do rely on each other for advice. I think we work really well as business partners and both of us value everyone's opinion. With the whole team at Denali, we're asking opinions from them and we value their input.”

Conrad had the opportunity to see first-hand how his parents' teamwork was crucial to building Denali.

“Growing up, I saw the partnership my parents had and it was different because their strengths complemented each other,” he noted. “My mom is not a horse person, she'll be the first to admit that, but her personality is so caring and vivacious that she is able to connect with people really well. She played a really important role in supporting my dad. It's not something that I ever gave much thought to as we were starting with our succession plan, but the more I observed it, the more I appreciated it. After watching them grow and build the business together, to be able to do that alongside my wife is very gratifying.”

Claire and Conrad at the 2021 Kentucky Oaks, where Denali Stud was represented by winner Malathaat as well as Travel Column | photo courtesy Claire Bandoroff

While the founders of Denali have taken a step back from the day-to-day operation of the farm, they are still very much involved in its future.

“With Craig and Holly handing the reins over to Conrad and I, we're so lucky that we still have them to lean on,” Claire said. “I call Holly for advice on things and Conrad is certainly calling Craig too. They've built an amazing business here and their story is really neat, so we just hope to continue the family business aspect of it. We want to continue building those personal relationships with people while also growing the business that they started.”

As much as they respect and care for the horses that reside at Denali, Conrad and Claire share an equally-high regard for the land they now oversee. Along with their wedding taking place in one of its pastures, their engagement also took place at the farm when one day, on a visit to see Denali's matriarch Serena's Song, Claire was surprised to find the words 'Marry Me' inscribed on the brass plate of the mare's halter.

Now, the couple plans to make new memories on the property as they take up residence on site.

“We just finished building a house on the farm,” Conrad shared. “As the second generation coming in, we identified it as something we wanted to do. If we're going to take this on and run with it, it's important for us to be here and show that we're 110% committed. If this doesn't work, we're homeless, so hopefully it's our last time moving until they put us in the ground.”

“In the evenings when we're both done working, walking through the fields, seeing the foals and checking on everyone is honestly one of the best parts of our day,” Claire added.

As the Bandoroff family continues to grow their business, Conrad reflected on their goals for the future.

“We're not a mom-and-pop operation anymore,” he said. “We've grown to a size where I think we can play an important role while still being that detail-oriented business and still provide that high level of service as we find ways to make the horse ownership experience better and continue to raise and sell Saturday afternoon horses. If we could grow in one area, it's always trying to grow at the top in terms of quality. I hope to sit here at the end of my career, look back and say that Denali Stud is in as good of a place or better than when I found it.”

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Baum Masterpiece Bye Bye Baby Set For Fasig

Michael Baum was an artist. The graded stakes-winning owner-breeder who passed in September was, by profession, a landscape architect, but he also deeply appreciated the beauty and genetic composition of Thoroughbreds, which he bred and raised on his Man O'War Farm in Lexington.

One of Baum's most prized possessions, the 6-year-old mare Bye Bye Baby (Ire) (Galileo {Ire}) (hip 268), will go through the ring in foal to Tapit as part of a high-quality three-horse addition to the Fasig-Tipton November Sale on Nov. 9 as part of the Denali Stud consignment. She will be followed through the ring by her second foal, a War Front colt (lot 269). Bringing up the supplemental draft from The Estate of Michael Baum will be the Grade III-placed 4-year-old filly Ivyetsu (Tapit) (lot 270), a Baum homebred who is a half-sister to the dam of the ascendant Dubai Honour (Pride Of Dubai {Aus}).

Bye Bye Baby raced for the Coolmore partners and trainer Aidan O'Brien and won the Listed Staffordstown Stud S. and was third in the G3 Killavullan S. at two. She improved her stock further at three when winning the G3 Blue Wind S. before finishing third in the G1 Oaks behind Forever Together (Ire) (Galileo {Ire}) and Wild Illusion (GB) (Dubawi {Ire}), and ahead of Magic Wand (Ire) (Galileo {Ire}). Bye Bye Baby finished fourth in the G1 Pretty Polly S. and G1 Irish Oaks before seasons' end, at which point Baum purchased her privately.

At that time, Bye Bye Baby already carried considerable residual value, being a full-sister to the G2 Kilboy Estate S. winner and G1 Nassau S. second Wedding Vow (Ire); the G3 Gallinule S. scorer Beacon Rock (Ire); and Listed Trigo S. victress Bound (Ire). Their dam Remember When (Ire) (Danehill Dancer {Ire}), for her part, had also been second in the Oaks, and was a three-quarter sister to Ballydoyle champion Dylan Thomas (Ire) (Danehill) and a half to Queen's Logic (Ire) (Grand Lodge), the Group 1-winning dam of G1 1000 Guineas winner Homecoming Queen (Ire) (Holy Roman Emperor {Ire}). The ultimate update, however, came the following spring, when another full-sibling, Serpentine (Ire), opened up an unassailable lead in the G1 Derby and came home a 25-1, front-running 5 1/2-length winner.

“Michael always dreamed of owning a mare like Bye Bye Baby,” said Denali Stud's Conrad Bandoroff. “It was something that brought him great joy to be able to have her. He bought her, and eight months later is when the full brother Serpentine won the Derby. I know that gave Michael a tremendous thrill.”

Further indication of Bye Bye Baby's value is the fact that her sister Bound was sold at the Tattersalls December Mares Sale of 2018 as a 4-year-old in foal to Dark Angel (Ire) for 2.2-million gns to Lordship Stud. That resulting filly, named Bouquet (GB), broke her maiden at Ascot in September for John and Thady Gosden. Bound's second foal, a Dubawi (Ire) colt, was bought by Godolphin for 550,000gns at this year's Tattersalls October Yearling Sale Book 1. Bound produced another Dubawi colt this year.

Bidding went to $445,000 on Bye Bye Baby's first foal, a Justify filly, at Keeneland September this year, at which point Baum's family, including his wife Reiko, opted to retain her.

“She had a wonderful first foal by Justify who the estate is retaining,” Bandoroff said. “She's got a very nice War Front colt who will be selling right after her. It's a bit cliche, but she's every bit a collector's item, and it's an opportunity to access a family that seldom becomes available to the public. Bound sold in 2018 for 2.2-million guineas and Bye Bye Baby is every bit as valuable as her full-sister.”

“Bye Bye Baby is in foal to Tapit, North America's all-time leading sire by progeny earnings who just continues to go from strength to strength,” Bandoroff added. “He's had a fantastic year with Essential Quality, and he just goes to show that some things continue to get better with age. So that offers a lot of options and makes her really a dynamic package as to what a future purchaser could do.”

As for Bye Bye Baby's War Front colt, he enters the ring with good precedent, the War Front over Galileo cross having produced Group 1 winners U S Navy Flag, Roly Poly and Fog Of War, as well as G2 Vintage S. scorer Battleground and a total of 11 stakes winners.

“He's a big, strong, strapping colt with good size and leg for a War Front,” Bandoroff said. “He's very well balanced and very athletic. War Front continues to be one of the leading sires by percentage of stakes winners and is a really phenomenal stallion. He gets you 2-year-old form, they train on and they're very versatile.”

Susan Bunning, Baum's longtime equine loan officer, friend and estate planner, said it was decided to offer the War Front colt to advertise to potential purchasers what Bye Bye Baby could throw.

“We really didn't plan on selling him but he's so nice that we thought putting him in with the mare would really enhance her value, to show that she can produce that type of individual,” Bunning explained.

With Bye Bye Baby and Bound still young producers from such an prolific family, Bandoroff noted there is “still a lot of blue sky ahead” for the pedigree.

“Bye Bye Baby is six years old,” he said. “Bound's first foal by Dark Angel has won in two starts at two. The Dubawi yearling out of Bound this year brought 550,000 guineas to Godolphin. She's got a Dubawi foal on the ground, so as much as the family has already done, there is still limitless potential as to what could develop in the future.”

Another family on the rise is that of Ivyetsu. The Baums purchased her dam, the winning Kingmambo mare Compelling (Ire), a half-sister to the G3 Molecomb S. and G2 Flying Childers S. winner Requinto (Ire) (Dansili {GB}), in foal to Montjeu (Ire), for 325,000gns at Tattersalls December in 2012. The resulting foal was Mondelice (GB), who sold to Pegasus Farm for $270,000 at Keeneland September. Mondelice failed to make it to the races, and was put through the 2017 Tattersalls December Mares Sale in foal to Pride Of Dubai, where she sold for 75,000gns to Meridian International. Bred by Macha Bloodstock and Meridian International, Mondelice's resulting Pride Of Dubai colt was Dubai Honour, who has been rapidly progressive this year for trainer William Haggas, winning the G2 Prix Guillaume d'Ornano and G2 Prix Dollar before finishing second to Sealiway (Fr) (Galiway {GB}) in the G1 Champion S.

Meanwhile, the Baums covered Compelling with Frankel (GB) before exporting her to Man O'War Farm, and the resulting colt was Last Kingdom, who was purchased by Nawara Stud for $500,000 at Keeneland September. Last Kingdom won the G3 Prix Daphnis at three for trainer Andre Fabre before being sold on to race in Hong Kong.

Ivyetsu is Compelling's fifth foal. Bought back at $300,000 at Keeneland September, Ivyetsu went into training with Rusty Arnold. A winner in her second start at two, Ivyetsu was third in last year's GIII Sweetest Chant S. going a mile on the turf, and is offered as a broodmare prospect.

“Ivyetsu was a high-class race filly,” said Bandoroff. “She performed at two, she was graded stakes-placed at three and is from a great family. She's a good-sized Tapit with good substance to her. The mare [Compelling] is a strong mare and has imparted that onto Ivyetsu.”

Though Baum's estate is selling three valuable animals, his family plans to remain in the business. Bunning explained the decision to offer Bye Bye Baby in particular was about spreading the risk among a small broodmare band.

“I think it's a good time to sell upper-end stock,” she said. “We are planning on replacing–maybe not to the extent of [Bye Bye Baby's] value–but we are going to be buying some additional mares, so we're going to carry on, and that was Michael's goal. Reiko is here and loves the horses so we're planning on moving forward. He started a legacy and we're all very committed to him and that legacy.”

There are currently eight horses on Man O'War Farm and Bunning said the plan is to replenish with enough mares at the breeding stock sales to keep those numbers about the same.

“For practical purposes, when you have four mares, it's hard to have that much value in one mare,” she said. “We need to spread the risk a little bit and I thought the timing was right. So that was the decision, but it was a tough one.”

Baum was born in New York City, but moved with his wife Reiko to Lexington in 2001 when they purchased the 112-acre Man O'War Farm. In addition to the Justify filly out of Bye Bye Baby, the Baums' current stock includes Compelling; the dual Group 1 winner Odeliz (Ire) (Falco)–who the Baums purchased privately after she was bought back for 950,000gns at Tattersalls December in 2015-and her Tapit daughters Illiogami and Loved Reiko; and Forever Beautiful (Giant's Causeway), the dam of the stakes-winning Homeland Security (Smart Strike).

Baum retained some homebreds as well as selling, but only ever as yearlings.

“He never liked to sell weanlings, because he wanted to enjoy them to the very last moment as yearlings,” Bunning said.

“Michael was a very interesting person and anyone that knew him was amazed by his drive, his continuing to go on later in life, his enthusiasm, his love for the horse and really the beauty that he saw in landscaping,” Bunning added. “He was a very intelligent person. Everyone that I've talked to that knew him was amazed by how smart he was. He could figure out how to do anything–fix anything; he was an artist.”

Bandoroff echoed those sentiments.

“Michael was a fascinating man,” he said. “He was an artist in the purest form of the word. If you drive into Man O'War Farm, you really see it. He was a landscape architect. Michael loved doing projects with his hands, and you could really see that the farm was a reflection of his vision. He was a really interesting person and loved his horses.”

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