Donato Lanni | Horse Racing Free Tips

Fasig-Tipton October Brings Curtain Down on Yearling Sales Season

Fasig-Tipton, which hosted the opening event of the season with its July Selected Yearlings Sale, will bring the curtain down on the yearlings auction season with its four-day Kentucky October Yearlings Sale which begins Monday at the company's Newtown Paddocks. The sale continues through Thursday with sessions beginning daily at 10 a.m.

The 2021 October sale was a barnburner, setting new records for gross, average and median, and consignors are hoping this year's edition continues a string of strong results this season.

“The market has been very strong throughout the year,” said Zach Madden, who will be presenting 28 yearlings in his first October consignment as sole proprietor of Buckland Sales. “[Keeneland] September was insane. And we had one in Saratoga that went over really well. I think, with the foal crop being down a tick and the purse structure up, it seems like people are just really going after it this year. I came into the business when it was really tough, so I do remember those times, but I think it's going to keep clicking along and hopefully it spills over into the breeding stock sales and the foal market. It's been good timing for a first year being out on my own, too. I definitely don't take that for granted. Hopefully it keeps humming along.”

Hunter Simms of Warrendale Sales agreed with Madden's assessment of the 2022 yearling market.

“I think it will be a good sale based off of what we had in September,” Simms said. “That was a strong market. There was a lot of demand for horses throughout, all the way from the beginning of the sale to the end. Fasig-Tipton had their New York sale last Monday and all indications coming out of that were positive with people still wanting horses. So I do think at the end, it should be a good sale overall.”

The Fasig-Tipton Midlantic Fall Yearlings Sale, which was held in the midst of a multi-day rain storm at the beginning of the month, suffered slight declines following a strong renewal in 2021.

“I think September was incredibly strong at Keeneland with a record-breaking sale,” said Carl McEntee of Ballysax Bloodstock. “I think the wind came out of the sails a little bit–I thought the Timonium sale was an average horse sale, to be quite frank, with the median and average down. People maybe didn't travel out of town because they knew they had 1600 yearlings right here in Lexington. Maybe they liked one or two up there and didn't want to get rained on for four days and then probably get outbid on the one you liked because you valued it at $75,000 and it brought $125,000, it just didn't make sense to people. I think they just said, 'Listen the weather is bad, we will stay in Kentucky.' But the New York sale they just had looked very strong again and the median was up. I know everyone is coming into town [for the October sale] and I think it's going to be a very spirited market.”

During last year's October sale, 1,153 yearlings sold for $52,607,500. The average of $45,672 was up 33.9% from 2020 and bettered the sales previous record figure of $37,955 set in 2019. The median of $25,000 was up 66.7% from 2020 and bettered the previous record of $18,500 set in 2014. With just 205 horses reported not sold, the buy-back rate was a sparkling 15.1%–the lowest since 2013.

The days of October yearlings coming into the sales ring with a disadvantage are over, Simms agreed.

“I think Fasig has worked very hard to change that stigma,” Simms said. “It used to be this was your last-stop shop. It still is, but it was kind of like re-tread horses that didn't get sold or horses that people deemed weren't commercially valuable, they'd just put them in October. Now you are seeing horses bring high six figures over the years, and that's kind of gotten this sale to take off.”

Recent graduates of the October sale include 2022 Grade I winners Taiba, Goodnight Olive, and Jack Christopher. Results like those are another reason buyers have added the October sale to their calendars, according to Madden.

“I can remember a time where October was kind of the red-headed stepchild to September,” Madden said. “I think they've done a great job in compiling enough horses to make it a must-stop for the majority of buyers. It started with [Fasig president] Boyd [Browning] and the guys over there being flexible and taking later entries. That I think has really sparked the sale being so big.

“And then their results [on the racetrack] have been crazy. We were fortunate enough to sell Taiba over there two years ago. That horse just needed a little time. For a consignor, if you don't have a super precocious horse or if there is an issue that needs time to resolve, it's an awesome sale. And people work this sale hard. They have circled it on the map and the results keep coming out. Year after year, there is just horse after horse where you say, 'Man that horse came out of there, too.'”

Bloodstock agent Jacob West, bidding on behalf of the power-partnership of Mike Repole and Vinnie Viola, made the highest bid at last year's October sale, going to $925,000 to acquire a colt by Street Sense. Donato Lanni was also in action at the top of the market for the stallion-making partnership of SF/Starlight/Madaket. Those high-end buyers are joined by pinhookers and end-users to make up the traditional October buying bench.

“You are getting pinhookers and end-users,” Simms said of the buying bench. “I know [trainer] Kenny McPeek is a big fan of this sale, Jacob West was over there shopping a lot, St. Elias was shopping and Donato was shopping. You get a lot of these guys who are continually at the top of the sheets still shopping for horses. With the purses being good and the foal crop decreasing, the demand is still there, so there aren't that many opportunities coming. Supply and demand is going to make those prices jump. And those guys still need horses to finish out their buying for the year.”

In addition to the high-end buyers, October also attracts a strong middle market, according to McEntee.

“It's been a vibrant sale these last two or three years, big horses in there bringing $700,000 or $800,000, so I think it's a very reputable sale,” McEntee said. “We always used to say Timonium was a trainer's sale because there are so many racetracks around there. The reality is, so is the October sale. Trainers are in town, especially with the Breeders' Cup, everyone is in town. You have trainers that come in from regional markets–Canada or West Coast, East Coast or Ohio, Indiana and Illinois–all of these guys are coming in. So I do think it's a trainer's sale and I do think horses that perhaps weren't quite the Book 4 Keeneland horse, but were still a nice horse, I think there is a real strong market for them at October. Obviously, there are some top-class horses there, too, but those solid Book 4 horses who are true racehorses, with good X-rays, good scopes, good substance and size, that sort of fit pinhookers and racehorse buyers, I think those horses really have a good home in this sale.”

There are 1,594 yearlings catalogued for the four-day October sale. Hips 1-398 will go through the ring during Monday's first session of the auction and will be followed by hips 399-796 Tuesday; hips 797-1194 Wednesday; and hips 1195-1594 Thursday.

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Taking Stock: Donato Lanni’s (Almost) Perfect Weekend

I called the elite bloodstock agent Donato Lanni last Wednesday only to tell him I'd call him again Sunday and to expect my call. I was fortunate he picked up, because he was on a golf course enjoying a rare day off following a busy Keeneland September sale where he'd purchased a number of million-dollar yearlings among many others. When we made plans to speak again, neither of us mentioned why I'd be calling. I didn't want to jinx him, with Cave Rock (Arrogate), War Like Goddess (English Channel), and Moira (Ghostzapper) entered in three Grade l races Saturday at Santa Anita, Belmont-at-Aqueduct, and Woodbine, respectively.

The weekend was almost perfect for Lanni, except for the hex that jockey Rafael Hernandez put on Moira in the Gl E.P. Taylor S., choosing the wrong path for her at a crucial stage in the race. Turning for home, Moira was behind five runners fanned ahead of her, and Hernandez, looking for a seam, chose to go inside where there was no room. In the process, he nearly took down Peter Brant's Lemista (Ire), who checked hard. Once on the rail, Moira still had nowhere to advance until late in the stretch, and by the time Hernandez slipped her through a narrow gap, the finish was fast approaching. Rougir (Ire), owned by Brant and Michael Tabor, nailed her by a neck, flying uninterrupted on the outside. No surprise, Moira was disqualified from second to eighth, but with a clean run she may well have proven the best in the race.

Lanni was still steaming on Sunday when we spoke. He'd purchased Moira for $150,000 at Keeneland September two years ago for a group of Canadian horsemen and friends who race as X-Men Racing. Lanni clients Madaket Racing and SF Racing, who are a part of the “Avengers” group that race colts with Bob Baffert, are co-owners. “Brant's filly could have gotten hurt, and I'm worried about our filly,” Lanni said of the incident.

The local E.P. Taylor was carefully chosen for Moira to get Grade l black-type on her resume.

“She was like a greyhound as a yearling, a long-distance type for turf and all-weather, not a horse for dirt. She's a classy filly, but not a typical Ghostzapper physically. Ghostzapper looked like a miler, he could sprint and go a mile and a quarter. She's not that way.”

Bred in Canada by Adena Springs and trained by Kevin Attard, the 3-year-old had previously raced exclusively on Woodbine's all-weather course against other Canadian-breds her age, but blowout wins in the Woodbine Oaks and the Queen's Plate against colts suggested she was something special. That was confirmed in the E.P. Taylor, regardless of the outcome. The race was Moira's first start on turf, her first against open company, and her first against elders, and she proved she belongs. She's now won four of six starts and earned $908,682. Rougir was a Group 1 winner in Europe last year and was purchased by Brant and Tabor at Arqana for the equivalent of $3.4 million.

War Like Goddess

War Like Goddess, trained by Bill Mott for owner George Krikorian, is a 5-year-old mare. She defeated males in the Gl Joe Hirsch Turf Classic S. and goes next in the Gl Breeders' Cup Turf. A winner of nine of 12 starts and $1,612,184, the daughter of English Channel was bred by Calumet, sold for $1,200 as a weanling at Keeneland November, was unsold as a $1,000 RNA at Keeneland September, and made $30,000 at OBS June when Lanni bought her.

“You just don't see too many English Channels showing up at an OBS 2-year-old sale,” Lanni said. “That's not what they're supposed to do. They are long on the grass. Anyway, she shows up and works and goes in like :10 2/5 and does really well. She's got a great stride and great action, but she comes back and she's got some pretty good shins on her. They were pretty big. I call them summer shins–shins that last all summer. And so I said to myself, there's only one guy I know who'd take this filly, meaning you need to be patient with her and give her time, and that was George Krikorian. I hadn't bought him a horse in a long time, so I called him.”

Lanni developed a relationship with Krikorian during his early days in Kentucky at Texan Johnny T.L. Jones Jr.'s Walmac International, which stood standouts Nureyev and Alleged among other well-known stallions. An outsized figure with a grin as big as his personality, Johnny Jones also gave Lane's End Bloodstock's David Ingordo, WTC's Frances J. Karon, Stonestreet advisor and agent John Moynihan, and Four Star's Kerry Cauthen a home at one time or another.

“[George Krikorian] was the first guy who ever let me buy him a horse where I actually got paid a commission for buying the horse,” Lanni said. “That was Starrer in 1999 at Fasig-Tipton. We'd gotten to be friends, he said he trusted me, likes me, and said if I see anything I like, buy it.

“When I found Starrer, I called him and said I found him a filly, and he said to just buy it and hung up. I'm in my mid-20s, and I'm like, 'What does that mean, just buy it?' I'm nervous. I don't have a signed agent agreement, I don't have any money, and what do I do If this guy walks away from me?”

Lanni paid $35,000 for the yearling Starrer, a daughter of Dynaformer who became a multiple Grade l winner for Krikorian and trainer John Shirreffs, earning $1,043,033 through four seasons.

“He's been my longtime friend and a client since. He's the greatest,” Lanni said.

Cave Rock

Undefeated Cave Rock appears to be the leading 2-year-old colt heading to the Breeders' Cup. The son of Arrogate won the Gl American Pharoah S. at Santa Anita impressively–his second top-level win from three starts–and has now earned $408,000 for trainer Baffert and the “Three Amigos” partnership of Mike Pegram, Karl Watson, and Paul Weitman. Bred by Anne and Ronnie Sheffer Racing, Cave Rock was a $550,000 Keeneland September yearling.

After the Walmac stint, Lanni went next to John Sikura's Hill 'n' Dale, where he was a longtime presence until Sikura moved the Hill 'n' Dale operation to Xalapa a few years ago. It was through Sikura that Lanni established a relationship with Baffert, and it's under the Baffert banner that Lanni's reputation has grown.

“[Baffert] is not just an amazing horse trainer and person, he's also amazing at finding young horses at auction,” Lanni said. “He's been great at that forever, and he's taught me a lot. I can't ever take credit for what I do with Bob, because Bob is instrumental, but we work together closely and it's a team effort. I don't buy a horse for Bob if he doesn't agree.”

They agreed on Cave Rock.

Lanni said, “If he was a first-crop Arrogate, he would have made seven figures. He was amazing, he was beautiful. He had beautiful bone, he was correct, he had a great hind leg. But last year, no one wanted an Arrogate.”

Because the Avengers are usually looking for colts by proven sires to turn into stallions, Cave Rock didn't fit the profile, but he was a natural for the Three Amigos.

“Bob and Mike have been together from the beginning, and when we shop the sales, those guys are always ready to buy,” Lanni said. “They don't care about sires, they don't care about pedigrees, they want physicals and they want runners.”

Avengers and X-Men

Why Avengers and X-Men? Lanni said the Avengers nickname came about as convenient shorthand to refer to the string of owners in the SF/Madaket/Starlight group.

“And the reason I came up with Avengers is that my daughters and I watch all those Marvel movies, and I love them,” he said. “And it's great because everybody has a certain talent that they bring to the table, and it fit the group.”

When buying for the Avengers–a team effort with the principals, Lanni stressed–the criteria gets more specific: proven sires like Into Mischief, Quality Road, etc., and the physiques that will handle training and racing on dirt at the highest levels. “Tom [Ryan] put the Avengers together. It's Tom's masterpiece, and it's a great team.”

The SF/Madaket/Starlight group was a minority shareholder with WinStar and China Horse Club in Triple Crown winner Justify, who was purchased at Keeneland September for $500,000 and sold for $75 million to Coolmore in 2018. After breaking away and enlisting Lanni, the Avengers struck gold again at Keeneland that year, buying three of the 25 colts that would go on to win Grade l races from the catalogue: Eight Rings, a $520,000 yearling who was sold to Coolmore for $10 million; Charlatan, a $700,000 purchase that was sold to stand at Hill 'n' Dale for $10 million; and Horse of the Year and Kentucky Derby and Breeders' Cup Classic winner Authentic, who was purchased for $350,000 and sold to Spendthrift at a valuation of $36 million.

There were 10 fillies catalogued in the sale that also won Grade l races, and though Lanni didn't buy them there, he did buy two of them at the juvenile sales: Gamine, with Baffert, for $1.8 million at Fasig-Tipton Midlantic; and the previously mentioned War Like Goddess, for $30,000 at OBS June.

Lanni is from Canada, where he cut his teeth with Standardbreds, and some of his friends in the X-Men partnership for which Moira races go back a ways with him from those days. Lanni said Moira was one of seven yearlings he purchased for the first X-Men partnership. For the second batch, 2-year-olds this year, he already has Grade l winner Last Call, another English Channel filly. Bred by English Channel Co-Owners & Jodi Cantwell, Last Call, also co-owned by SF, was bought for $30,000 at Keeneland September last year and won the Natalma S. at Woodbine last month.

“I shop the entire catalog, from the first day to the last,” Lanni said. “I don't want to miss a single horse, and you never know where you'll find that good one.”

He seems to have a knack for finding them wherever they are, in all price ranges.

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

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A Lane Paved With Golden Insights

“I told them,” he says. “You can't make a hardboot out of a Virginia redneck. And that's all I've ever been. Never pretended to be anything else. Just a Virginia redneck that loves horses.”

When you have spent as much time as Beau Lane among these unerring vehicles of humility–from the Appaloosas of his youth, to two Kentucky Derby starters in the last seven years–you tend to develop total immunity to self-importance. Even at 80, you never know what's coming next; nor, when something does happen, whether it will turn out for better or worse. So when his peers selected Lane for the 2020 Breeders' Hardboot Award, his initial reaction was the one he just shared, seated beside his consignment at the recent September Sale.

But then he started looking down the previous recipients. One of the first, back in 2001, was Robert E. Courtney. He remembered seeing the old sage in 2009, when perilously exposed to the market slump.

“How you doing, boss? I'm going to be lucky to make it.”

“Oh, you'll make it,” Courtney replied. “Hard times make a monkey eat red peppers.”

Lane chuckles at the memory.

“He was a great guy,” he says. “And when I saw some of those names that had won that award, people like him, and Henry White, I thought, 'Whoa, man, this is quite an honor. These are some best horsemen I ever knew.'”

He grins wryly. “And most of them are gone! But I was raised in an era when to have the reputation of a horseman, that meant something. You had to earn that title.”

Though his draft was lurking way out under the water tower, no true connoisseur was going to neglect checking over the youngsters raised by such seasoned hands. Among those to swing by were Spendthrift Farm, who gave $335,000 for a Constitution colt; and Donato Lanni, who had $250,000 for a Tonalist filly. While Lane emphasizes the credit due to his daughter “J.B.” and her husband Michael Orem, he remains wonderfully spry in body and soul, full of enthusiasm and humor. And for all his self-deprecation, he is prepared to make one concession regarding his career.

“Well, I'm different from a lot of folks down here,” he acknowledges. “I came from the bottom up. I didn't get here from the top down. When I got to Kentucky, I had $60 and six old mares. I paid my first month's rent, and told my wife, 'Honey, I think we're broke.' And she said, 'Game's not over yet, Beau.' She was a basketball coach, and none of her teams ever quit. She still had faith in me, and we went to work.

“I've never been able to go out and buy a mare for half a million, and breed her to Tapit every year, and then feel good about what I raised. I have to buy a $25,000 mare and breed her to a $15,000 stud. And then, if the foal runs, hey, I'm on the right track. I mean, I'm glad those folks are here, doing as well as they are. But I come from a different school.”

That school, as already intimated, was in rural Virginia where his grandfather had started manufacture of the iconic Lane cedar chests.

“He was a lot smarter than me,” Lane says. “And he would tell me, 'Beau, if you keep fooling with these horses, you're going to be scratching the poor man's ass the rest of your life.' And you know what? For most of my life, he was right!”

Though Lane had been riding since boyhood, for a time he explored other ways of fracturing bones: playing football for Virginia Tech, for instance, albeit not all five of his broken noses were necessarily confined to the field of play. Nonetheless his heart was early set on a career with horses.

Having started with Appaloosas and Quarter Horses, his first experiment with Thoroughbreds was, candidly, a disaster. He quickly established that you couldn't run one of those down with a rope from a jeep; but soon gained subtler insights and found a niche buying mares for friends standing Quarter Horses out west.

“Because their horses could only run 330 yards, holding their breath,” he says. “Bugs Alive In 75, I must have bought 200 mares for that horse. Any mare that ran :21-and-change, from Narragansett in Rhode Island all the way down to Charlestown. I was selling them as fast as I could buy them. I got to know everybody out there [in the West], a lot of wonderful people.”

And the package would include delivery. Lane would load seven, eight mares onto a trailer and drive 125,000 miles 10 years straight. In addition, there were long overnight commutes to Kentucky, to get his own mares bred. He didn't want to admit it, but in his chosen walk of life the sun was setting on his home state.

“Nobody worked harder to stay in Virginia,” Lane says. “My great-, great-grand-daddy was killed at Gettysburg, in Pickett's Charge. I've been a Virginian since John Smith. That was when the first Lane was here, as one of his soldiers. I didn't want to leave and I stayed too long. The blood was no longer available, to prove my mares. I had to follow the stallions.

“All the big people died and nobody took their place: Taylor Hardin, Paul Mellon, Elizabeth Dodge Sloan. Trying to make it in Virginia was like trying to knock a wall down with your head. And I needed the better land. I was in southern Virginia, where all the hard work is done! Well, it's red clay and you cannot raise a top horse on red clay. You have to be able to train him hard. When I was racing Quarter Horses, I had some that qualified for $1-million races. But next morning, you'd have slab fractures, hairline fractures. You just couldn't get them there. But here you can raise the best horses in the world.”

The final straw came when Lane played up everything he had made, driving across the continent, in a public offering of Newstead Farm that fell apart with an untimely change in the tax regime. He lost $600,000 and fled “flat broke” to the Bluegrass. Of those six mares, a couple were so mean that they had been given away; others had cost him no more than a couple of thousand. Yet one delivered a G1 Oaks d'Italia winner and the daughter of another won $300,000 in Lane's own silks.

“A lot of breeders won't race a horse,” he says. “But sometimes they'll come through when you need it the most, and that filly got us rolling again.”

So his cherished coach had been right: the game wasn't over. By 2006, Lane had rallied sufficiently to acquire 160 acres in Bourbon County, aptly adjacent to Stone Farm: E.H. Lane III and A.B. Hancock III were now neighbors, just as the first to bear their respective names had once shared fences in Virginia. Sure enough, Lane delved into his family's Turf roots to name Woodline Farm for the horse that won the Clabaugh H. for his great-grandfather exactly 100 years before.

It was not long, however, before the 2008 financial crisis returned Lane to an uncomfortable brink. (Moreover he lost his invincible coach, soon afterwards, albeit has since found touching consolation in remarriage to Gail, a boyhood sweetheart.)

Just around that time, Lane had bred a Dixie Union filly.

“The most beautiful thing I'd ever raised,” he recalls. “And I got really cocky. I put a $240,000 reserve on her. And didn't get it. Well, then here comes a couple really sharp horsemen, offering the $240,000. But I said, 'Nope. You had your chance to buy her.' That was in July. In September the bottom fell out of everybody and I didn't have a dime.

“But for a horse at Charlestown that made me $140,000 at the track, I wouldn't have made it. But I did, see. All the time I kept thinking, 'I can't believe I didn't take $240,000 for that filly.' And guess what? I sold a million-and-a-half worth of foals out of her. She bought my farm for me.”

Actually that mare's first foal had to be sold privately as an identical RNA, at $240,000. Willie Browne took the colt home to Ireland and sold him for 1,150,000gns at the Newmarket breeze-ups the following spring. Another famous pinhook wagered on this dependable nursery followed in 2013, when a Giant's Causeway colt made $525,000 as a September yearling for clients Bob Cummings and Annette Bacola of Coffee Pot Stable. He was sold on by Northwest Stud for $1.6 million at OBS in March and, as Carpe Diem, won Grade Is at two and three before derailing in the Derby.

This year another Woodline graduate, Zozos (Munnings), also made the Derby after chasing home Epicenter (Not This Time) in the GII Louisiana Derby for breeders Barry and Joni Butzow. Another from the same crop, meanwhile, is homebred Best Actor (Flatter), sold to Gary and Mary West for $330,000 as a yearling and winner of the GIII Smarty Jones S.

Patrons and purchasers alike know that Woodline horses won't be hot-housed, but raised with their vocation in mind: first to trust their handlers; and then, no less so, their own physical zest.

“We treat a horse like a horse,” Lane explains. “And it can be hard in this industry to do that. Because we raise them in large fields, 14 head together, and when you do that, they're like kids: they wrestle and kick and throw each other down.”

The sales ring, of course, has become increasingly fastidious about that kind of thing, with every bruise hunted out and magnified by nervous veterinarians.

“Hell, they got better X-ray machines in the back of these trucks than in the hospital,” Lane says. “It's a different business today. I'll tell you who changed it: a guy named D. Wayne Lukas, when he said he'd keep his catalogue closed, all he'd do is look at the horse. And everyone says, 'Whoa, wow, okay. Well, this horse here toes in a little bit; and that one's a little offset. We can't use them.'

“I remember when, if you had a horse that toed in a little, you told the blacksmith to trim him natural. And when we did that, we didn't have any sesamoiditis. We kept them the way God made them. If they could walk through it, it was no big deal. A lot of good horses are ruined by people putting screws in their knees and ankles when they're babies. Because guess what? God didn't make that foal to move that leg like that. We used to raise racehorses, not show horses. I showed the Grand Champion Stallion in Chicago, in 1971. I've been there. I ain't going back.”

Tellingly, asked for the most important lesson learned from other breeds, Lane replies: “Well, it was a different way of doing things, no doubt about it. But it taught me early that anytime you treat a horse like anything but a horse, it doesn't work. He won't be happy. You try to make something else out of him, next thing you know, he's got a belly full of ulcers. But treat a horse like a horse, keep them happy and healthy, they'll give you all they got.”

Perhaps this commercial instinct to standardize the animal reflects a wider timidity?

“You got to take a shot,” Lane agrees. “And that's what worries me about a lot of the younger generation: they won't take the chance. This is a gambler's game. And the only thing that's going to save this industry is to fill those gates. Gamblers can't make money on four-horse fields. Don't think that you can B.S. your way with these gamblers. I remember when Charlestown had four or five big-time gamblers coming out of Washington every night to bet five or 10 thousand bucks. Then one night the State Police came in and told them to hit the deck and spreadeagle. After that, they never came back–and that track went downhill for 20 years. And it would be gone now, but for the casino deal.”

Every last one of us with a stake in this game, after all, is also a gambler of sorts.

“I've bred to Gun Runner,” Lane says. “That's enough gamble for me. They tell me, 'Pop, you could lose a lot of money doing that.' And I say, 'Hey, I could make a lot of money, too.' It's like the share I bought in Silver State. I know that's a gamble, but I also know that Olin Gentry put that family together and lined up all those 'fours' [i.e. family number] one after another. It'll surprise me if he fails–but if he does, it will be because Hard Spun didn't do his job.”

Here at the sharp end, then, it's ultimately a case of standing toe-to-toe with Lady Luck. A lot of people, with each of her slaps, grow merely in cynicism and bitterness. Happily, our community also has people like this, who rock on their heels only to bounce forward again, instead gaining only in warmth and insight.

Lane remembers the last time he saw the late Billy Turner, a forgotten man after training one of the greatest horses that ever lived, and shakes his head. “I mean, this industry's hard on you, buddy,” he says. “You've got to ride it out. But I keep saying, 'I got to keep living, so I can win the Derby.' And if I have another 10 years, you can bet your ass that's what I'm going to do! I'm breeding the best mares now that I've ever bred, to the best horses I've ever bred. I've got a shot. That's what keeps me going, and that's what keeps those guys over there going too.” He gestures to the adjacent consignment. “They all got a shot.”

Lane points to his 17-year-old grandson, showing a yearling.

“He can foal a mare as good as me or better,” he says proudly. “I just hope we have a business to leave; that with all our wisdom, we don't screw it up. Don't get me started, how we're making it tougher on the little man.

“But gosh, I've had a wonderful life. And I'll tell you this, there's nothing better than this industry, than these horses. You get the lowest of lows, as well as the highest of highs, but I feel sorry for a guy that goes to work every day and sits in the same office chair and has the same B.S.

“I just want to raise a great horse. I've raised a lot of good ones, but I've never raised that great horse. Yet. But I'm still here.”

A pause, another chuckle. “I'm still here. And I got probably 25 mares in foal. And any one of them could be carrying it. Right?”

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Keeneland Book 2 Strong to the Finish With Pair of $1M Yearlings

by Jessica Martini & Christie DeBernardis

LEXINGTON, KY – The Keeneland September Yearling Sale continued to churn out strong results straight through to the conclusion of its Book 2 section Thursday night in Lexington with an additional two yearlings selling for seven figures, led by a $1.7-million son of Quality Road, bringing the four-day total for the auction to 30 seven-figure yearlings. Fifteen reached that mark last year.

“It was an incredible week,” said Keeneland's Vice President of Sales Tony Lacy.

Over the two Book 2 sessions, Keeneland sold 449 horses in the ring for a gross of $123,330,000. The book average was $274,677–up 6% from the 2021 Book 2 average and the median of $225,000 was up 12.5% from a year ago.

The Book 2 section produced the auction's highest-priced yearling in 2021 when a colt by City of Light sold for $1.7 million. The yearling was one of four million-dollar yearlings in the section. Eight reached that mark in the 2022 Book 2 section.

“This session last year was extremely strong and was up quite a bit from the previous year,” Lacy said at the close of business Thursday. “So, the fact that we are just ticked up slightly over last year is really encouraging. I think it is holding steady. The clearance rate is ticked up a little bit as well, but again, it is probably a little higher than we'd like. We are up to 30 million-dollar plus yearlings over the four days and that is, in any metrics, really strong. That is a lot of different sellers, different breeders, large to small. I think the competitiveness among the buyers was really energetic. We were pleased overall. It is never perfect and we are trying to analyze carefully how it can be better going forward.”

Mike Repole, part of last year's leading buyer partnership with Vinnie Viola's St. Elias Stable, remained front and center in the pavilion through the first week of the auction. Repole and Viola were the leading buyers through four sessions of the 12-day sale with 30 yearlings purchased for $12.54 million. In his own name, Repole is the fourth-leading buyer with 23 head purchased for $6.765 million. And in total, Repole, with various partners and by himself, purchased 60 yearlings for a total of $23.49 million.

“Having Mike Repole and his team here in person has really given the sale a lift,” said Keeneland's Director of Sales Operations Cormac Breathnach. “Todd Pletcher has been here and I think they have spent 90% of their time in their seats in the pavilion and buying so much quality. With Mick Wallace and Rory Babich working so hard on behalf of Vinnie Viola as well, both in partnership and individually, it is creating the energy around the sale we really strive for.”

The SF/Starlight/Madaket partnership was the second leading buyer through four sessions, with 15 yearlings purchased for $10.58 million. Don Adam's Courtlandt was the third-leading buyer with 11 purchased for $8.235 million.

Through four sessions, 898 yearlings have grossed $236,990,000. The average is up 9.59% to $354,245 and the median is up 10% to $275,000. The buy-back rate is 25.50%. It was 30.18% at this point a year ago.

The strength of the market this week at Keeneland is no surprise to Chris Baker of Three Chimneys Farm, which sold Thursday's second million-dollar yearling, a colt by Gun Runner, for $1.2 million.

“I'm not surprised because of the way [Fasig-Tipton] Saratoga was and the way things have been recently,” Baker said. “I anticipated it being very strong. There are a lot of good things happening. Even though racing is smaller and a little more concentrated, there are a handful of tracks that you can run a maiden for $100,000 and maybe win a race and pay your training bills for a year. There are just so many positives going on in racing in general and in Kentucky in particular. It's an exciting time and the principals are excited and optimistic.”

The Keeneland September sale will have an off-day Friday and the action will resume with the first of two Book 3 sessions Saturday with bidding beginning at 10 a.m. The auction continues through Sept. 24.

Lanni Wins Out On Quality Road Colt

A colt by Quality Road (Hip 886) shook things up about halfway through Thursday's session, igniting a spirited bidding war that came down to Mike Repole, bidding from the left side of the pavilion besides trainer Todd Pletcher, and Donato Lanni, who was bidding over the phone. Repole was in up until $1.65 million, but gave an emphatic no after Lanni upped his bid to $1.7 million and the hammer fell. Lanni did not disclose his client when signing the ticket, but Amr Zedan's Zedan Racing Stable announced on Twitter that the session topper had been purchased on Zedan's behalf.

“Bob [Baffert] Loved him,” Lanni said. “We all loved him. Everybody loved him it looks like. Everybody was waiting for him. All of the usual suspects were visible.”

Lanni continued, “He is a beautiful horse. He is just super athletic, a really laid back, good-looking Quality Road. He is made really well. He is the right kind.”

Consigned by Nardelli Sales, Hip 886 was bred by Kim and Rodney Nardelli, William Werner and W.S. Farish. Werner purchased the colt's dam Act Now (Street Sense) for $150,000 at the 2020 KEEJAN sale carrying a foal by Kitten's Joy. The resulting foal brought just $70,000 last year. Hip 886 hails from the femail family of MGSW & MGISP Fed Biz and GISW Joking.

“He's a lovely horse we bred and raised,” said Rodney Nardelli. “He's got everything. He's beautiful, he's correct, he vets. He's been nice all his life. We're appreciative of Keeneland's format and the support of the buyers.”

Quality Road has had a sensational September Sale so far. He is responsible for the current $2.5-million topper and seven of his foals have brought seven figures through the first four days. The Lane's End stalwart has had 29 yearlings sell so far for a total of $18.75 million and average of $646,552. —@CDeBernardisTDN

Late Fireworks for Gun Runner Colt

A colt by Gun Runner (hip 1086) set off late fireworks as the fourth session of the Keeneland September sale began to wind down Thursday night, ultimately selling for $1.2 million to bloodstock agent Mike Ryan. The yearling is out of Grade I winner Malibu Prayer (Malibu Moon) and was consigned by Four Star Sales, as agent for her breeder, Three Chimneys Farm.

“Obviously, he's a Gun Runner,” Ryan, who did his bidding out back alongside trainer Chad Brown, said of the yearling's appeal. “He reminded me quite a bit of Early Voting. He's from one of Ned Evans's best pedigrees. He was a big, impressive, imposing horse that moved like a cheetah. I said to Chad, 'Can you imagine Flavien Prat or Irad Ortiz on his back right now?' He was a magnificent horse with a lot of class and quality. He's bred to get 1 1/8 miles, 1 1/4 miles.”

Early Voting (Gun Runner), a $200,000 Keeneland September yearling, won this year's GI Preakness S. for Klaravich Stables and Brown.

“He's been bought for a partnership–he'll got to Chad and hopefully we can win a Preakness with him,” Ryan said of the yearling.

Three Chimneys Farm's Chris Baker said the million-dollar sale exceeded expectations.

“It was outstanding,” Baker said of the result. “Gun Runner will do that for you. And the female family didn't hurt any either.”

Baker, who served as racing manager to the late Ned Evans, is plenty familiar with the yearling's female family.

Malibu Prayer sold for $2 million out of the Evans dispersal at the 2011 Keeneland November sale, a year after she had won the GI Ruffian Invitational S. The mare is a daughter of Grand Prayer (Grand Slam).

“I'm always partial to ones we bred and raised,” Baker said. “That's a family I've known generations back to when I was in Virginia. It's always hard to part with them. But the colt will have a great opportunity and we are excited to see what he does. We were well paid for our efforts.”

Three Chimneys stallion Gun Runner, who continues to produce on the racetrack, has been represented by five seven-figure yearlings during the first four days of the Keeneland September sale.

“I don't remember a stallion like him,” Baker said. “I am a little close to the fire, so it's easy for me to be biased. But it's just remarkable what his offspring are doing on the racetrack and what he's doing at the sale with a wide variety of mares, physically and on pedigree. He just suits so many. It's great. We are just very fortunate to be a part of it.”

Asked what he is seeing in the young stallion's offspring, Baker said, “Mentally it's the train ability and willingness. And physically, it's athleticism and movement and just how they carry themselves. To get the two of those together like he had, and he conveys to so much of his offspring, is why we are getting the exceptional results we are.” @JessMartiniTDN

Gun Runner Filly Continues Big Week for Stoneway

Jim Stone's Stoneway Farm, which had its first million-dollar sale during the first session of the Keeneland September sale, just missed having a second seven-figure yearling when a filly by Gun Runner (hip 833) sold for $925,000 Thursday in Lexington. Bloodstock agent David Ingordo, standing alongside CRK Stables' Lee Searing, made the winning bid on the filly who was consigned by Paramount Sales.

“I am pretty dang excited,” Stone's racing manager and partner Terri Burch said after watching the filly sell Thursday. “I am thrilled and over the moon.”

Hip 833 is a chestnut filly out of Stonetastic (Mizzen Mast), a mare purchased by the Stoneway team for $77,000 as a Keeneland September yearling in 2012 who went on to win the 2014 GII Prioress S. and 2016 GII Inside Information S.

“We were expecting about what she brought,” Burch said of the filly. “She was very popular here. We loved her and she looked so much like Gun Runner with the pretty head of Stonetastic.”

During Monday's first session of the Keeneland sale, Stoneway sold a filly by Into Mischief for $1.25 million (hip 52) to Frank Fletcher. The yearling is out of Song of Spring (Spring at Last), who was purchased by Stoneway for $80,000 as a yearling at the 2015 Fasig-Tipton October sale. She won the 2018 GIII Allaire du Pont Distaff S.

“She looks so much like Malathaat,” Burch said of the yearling who is from the family of the GI Kentucky Oaks winner's dam Dreaming of Julia (A.P. Indy). “I had the pleasure to see Malathaat over at Churchill. And that family sells really well. And again that was one that we would have raced, but again too expensive for our farm to leave that money on the table.”

“It is bittersweet,” Burch admitted of the decision to sell the prized fillies. “We love them. I am a horseperson and I see them born and I see them develop, but I also know that the farm has to have an income so that I can breed again to Into Mischief and Gun Runner. If I don't sell, then we are not going to breed up there.”

Stoneway has about 20 broodmares and the group includes Stonetastic's unraced first foal Stonetonic (Candy Ride {Arg}).

“We actually have another daughter of Stonetastic who wasn't able to race and she is in the November sale and she looks dead on like Stonetastic,” Burch said. “She is a Candy Ride and is just gorgeous.”

Both Stoneway fillies were out of mares who were acquired inexpensively before going on to graded stakes-winning careers. Now the challenge for the team is to reinvest in fillies who will carry on that tradition.

“$77,000 and $80,000, you can't do better than that,” Burch said of the two purchases.

Burch continued, “This is our best crop of babies from top to bottom that we have ever raised. We had a good July sale with the three horses that we sold there, as well.”

Later in Thursday's session, Stoneway sold a Vino Rosso half-sister to multiple graded winner Ahh Chocolate (Candy Ride {Arg}) (hip 891) for $235,000 and a Liam's Map half-brother to Instagrand (hip 902) for $200,000. @JessMartiniTDN

SF/Starlight/Madaket Still Going Strong

The powerhouse colt-buying partnership lead by SF, Starlight and Madaket Stables did not slow during Thursday's session, buying a $700,000 Uncle Mo colt (Hip 832) early in the day. He was consigned by Taylor Made Sales.

“Uncle Mo is a proven stallion,” said SF's Tom Ryan. “The colt is a beautiful horse out of a good racemare with a deep family. Donato [Lanni] and Bob [Baffert] really love this horse. We are happy to land him. He will make his way to Eddie Woods for the winter and hopefully find his way to California next spring.”

Breeder PTK purchased Hip 832's dam Still There (Union Rags) for $160,000 at the Fasig-Tipton Saratoga Sale in 2015. She went on to win a stake at Laurel and finish second in Saratoga's GI Ballerina S. This is her first foal.

The SF, Starlight and Madaket-led group purchased X more colts Thursday, adding to the 14 they acquired during the first three sessions. —@CDeBernardisTDN

West Signs for New Partnership

Bloodstock agent Jacob West left his seat in the pavilion next to owner Mike Repole to head out back where he went to $600,000 to acquire a colt by Uncle Mo (hip 828) for $600,000 from the St George Sales consignment. The yearling, who is out of stakes-placed Spring Eclipse (Unbridled's Song) and is a half-brother to stakes winner Bet She Wins (First Samurai), was purchased for new clients.

“He's for a new partnership, some new guys who are getting into the business,” West said. “And like everyone else in this game, they want to win the Kentucky Derby. We just figured a son of Uncle Mo, with his physique and pedigree, he might be a horse for the future. We will keep our fingers crossed.”

While declining to name the new clients, West said, “There are two guys from the East Coast and two guys from the West Coast, so it's four guys all together. We've been trying to spot some horses and it's been tough. They've actually gotten outbid on three or four other horses earlier in Book 1 and one earlier today. I think they are going to be guys that are going to stick around for a long time.”

West said the colt could be trained by Todd Pletcher on the East Coast or Michael McCarthy if he heads west. @JessMartiniTDN

Rigney Secures Pair of Pricey Fillies

Richard Rigney's Rigney Racing came to Keeneland looking for fillies that would one day join their broodmare band. With trainer Phil Bauer signing the tickets, the operation acquired a pair of pricey fillies during Book 2, going to $925,000 for a Twirling Candy filly (Hip 621) Wednesday and taking home a daughter of the late Arrogate Thursday (Hip 805) for $590,000.

Bred and consigned by Peter O'Callaghan's Woods Edge Farm, Hip 621 is out of the Distorted Humor mare Double Sharp, who is a daughter of MGSW & MGISP Bsharpsonata (Pulpit).

“She was a standout for us,” said Bauer. “We stretched further than we anticipated, but we are thrilled we got her. Hopefully, we can get some black-type. Everything is geared towards the long term with the broodmare program. We will race them first and hopefully turn out some blue hen mares.”

Hip 805 was bred and consigned by the Bell family's Mill Ridge Farm. They acquired her dam Scarlet Love (Not For Love), who hails from an accomplished Stonestreet family, for $130,000 in foal to Indian Charlie at the 2011 Keeneland November Sale. Already the dam of SP Cursor (Quality Road), Scarlet Love is a half-sister to Grade I winners Tara's Tango (Unbridled's Song) and Visionaire (Grand Slam), as well as GSW & GISP Scarlet Strike (Smart Strike) and GSW Madison's Luna (Tapit).

“She's got all the right parts,” said Bauer. “She has a nice physical. We know the family. We've had two out of the second dam, so we are really big fans. There is enough page there that she can be a nice broodmare for us and, hopefully, a nice racehorse before. She looks early. Hopefully, she will be a good one.”

“That was well beyond our hopes and dreams,” said Price Bell Jr., General Manager of Mill Ridge Farm “She was a very special filly and was a standout on the day. She is lovely. Some very good judges were all around her. The dam has one ovary. We bought her from our friends at Airdrie Stud and she has been really good to us. The buyers Richard Rigney and Phil Bauer bought a filly from us several years ago named Mariah's Princess that turned out well. They are good people and take good care of their horses. When Arrogate went to $50,000 we felt like it was good value and the mare deserved a shot.”

Champion Arrogate passed away in 2021 after producing only three crops. A filly from his first crop, Secret Oath, took the GI Kentucky Oaks this year and he had a phenomenal weekend at Del Mar with And Tell Me Nolies winning the GI Del Mar Debutante Saturday and 'TDN Rising Star' Cave Rock capturing the GI Del Mar Futurity Sunday.

“It is a shame we lost him,” Bauer said. We have a nice 3-year-old filly by him, so we are a fan of the stallion.”

Arrogate had 22 yearlings sell during the first two books for a gross of $6.17 million and average of $280,455.

—@CDeBernardisTDN

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