Thoroughbred Owner Conference Series ‘Buying at Public Auction’ Now Online

The seventh panel of the OwnerView Virtual Thoroughbred Owner Conference held Tuesday, Aug. 15, is now online, the organization said in a release early Thursday.

The session featured bloodstock agents Erin Birkenhauer, Marette Farrell and Mike Ryan, plus auctioneer Tom Biederman discussing horse selection and the bidding process at Thoroughbred auctions. The panel was moderated by OwnerView's project manager, Gary Falter.

Topics included yearling sales, buying 2-year-olds, buying horses in training, the importance of vet records and conformation.

“For people getting into the business for the first time, a great approach is to buy some fillies because you have some exit strategy, you've got resale/residual value,” Ryan said.

There are four more Thoroughbred Owner Conference virtual panels scheduled for 2023, with the next session, 'Claiming', to be held Sept. 12 at 2 p.m. (ET).

There is no fees for the series, but registration is required. Click here for more information.

 

 

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West Point Thoroughbreds Celebrates Milestone Achievement

West Point Thoroughbreds partner Lisa Bell has been nervous for plenty of horse races, having owned dozens of horse through the syndicate over the years including 2017 GI Kentucky Derby winner Always Dreaming (Bodemeister), but the butterflies in her stomach were at an all-time high on Sunday at Saratoga as Phantom Smoke (Ghostzapper) looked to give West Point its 1,000th win.

“We were all on pins and needles and when Phantom Smoke broke out of the gate before the race, it was obviously not the start that we wanted,” Bell said.

Despite the nerve-wracking beginning, the 4-year-old Christophe Clement trainee pulled through to get his third career win and give Bell her first trip to the winner's circle at Saratoga.

“It took me a while to shop shaking even as we were in the winner's circle,” Bell said with a laugh. “I've had horses win when I wasn't here and I've been to the winner's circle at other tracks, but this was my first time winning at Saratoga with my own horse.”

Phantom Smoke's victory also gave West Point Thoroughbreds its 1,000 win in 5,687 starts. Founded by Terry and Debbie Finley, the company is in its 32nd racing season.

“To have it happen in Saratoga is the most special thing,” said Bell, who noted that she first got involved with the accomplished partnership group only a few years after its inception in 1991. “Of course now West Point is all over the country, but way back in the early days, this is where Terry and Debbie started the operation. The success they have had with the organization is just amazing and I'm so happy for them.”

West Point's Founder, President and CEO Terry Finley was anxiously awaiting this milestone victory for weeks as the win count grew steadily throughout the summer. The organization achieved its 999th win with Kodama (Ire) (Kodiac {GB}) at Delaware Park on Aug. 13, but they just missed with half-a-dozen starters afterwards until the stars aligned for Phantom Smoke in Saratoga.

“I think that just drives home the fact that you can't be in a rush in this game no matter what,” Finley said. “[The 1000th win] exceeded my expectations. I think the best thing was just seeing the pride and gratitude of our team. Sure it's about the horses, but it's also about people. When you surround yourself with great people, win, lose or draw, they're the ones that help you make the memories that we all try to acquire in this business.”

The West Point Thoroughbreds team celebrates 1,000 wins | Sarah Andrew

Phantom Smoke's winner's circle photo included a host of West Point Thoroughbreds team members, many of whom have been associated with the company for over a decade including CFO Lindsey Heumann, Executive Vice Presidents Tom Bellhouse and Jeff Lifson, and Chief Marketing Officer Dawn Lenert.

Finley said his only regret on Sunday was that his daughter, Erin Birkenhauer, was not able to attend. The company's Chief Operating Officer lives in Bowling Green, Kentucky with her husband and two children, but was celebrating the achievement from afar.

“It's just amazing how it worked out that it was all at Saratoga,” Birkenhauer said before reflecting on the evolution of the business her parents founded. “I really think that Mom and Dad are the definition of the American dream. They started this from the very, very beginning. They've shown up every day and worked hard, treated people the right way and done things honestly. I think if you're going to play the long game in this business, you have to stand by those pillars. It's easy to forget back in 1991 when they had one $5,000 claimer. They were trying to make a go at this and everybody thought they were crazy. I'm really proud of them.”

Some of Birkenhauer's favorite memories involve West Point's top earners like GISWs Macho Again (Macho Uno) and Twilight Eclipse (Purim), who she picked out as a 3-year-old before he went on to win over $2 million. Birkenhauer said her respect for what her parents have accomplished together has grown since she joined the family business in 2010.

“I think one thing about my dad is that he's nice to everyone,” she shared. “Whether it's someone working on the backstretch or a billionaire, he takes the time to say hello. I give my mom credit too because for them to be able to build this business, Dad was on the road a lot growing up. I know now from having two kids, that is not easy. They really stuck together to make this work. It's really like building a house. Little by little they just kept building it up.”

Birkenhauer said that one of her favorite aspects of West Point–and one that she believes sets their partnership apart– is their focus on relationships with their partners.

“People like Tom, Jeff and Jason [Blewitt, Partner Account Representative] are the cultivators that make this a lifestyle investment,” she explained. “It's not just about going to the races; it's about the comradery. We have partners who are literally best friends because they met through West Point. We call it the West Point family and we try to make everyone a part of it, whether you own one horse with us or 20.”

In the interviews following West Point's 1,000th win, Finley said that one of the most significant accompanying accomplishments is that they have never had a horse come up with a positive drug test.

“I'm very proud of that and I don't downplay it,” he explained. “That's really the first thing when we talk to trainers. I know mistakes happen, that's one thing, but you look at our roster and you'll see people who have a history of doing the right thing.”

On the sales side of the industry, West Point's footprint has exploded over the past five years as they have teamed up to form powerhouse partnerships with the likes of owners like Woodford Racing, Hronis Racing, Siena Farm, Bobby Flay and Summer Wind Equine. Their purchases include, among others, MGSW First Captain (Curlin), a $1.5 million yearling, and talented GISW Flightline (Tapit), a $1 million yearling. At this year's Fasig-Tipton Saratoga Sale, they formed similar partnerships to purchase the full-sister to First Captain for $2 million and an Uncle Mo colt for $1.5 million.

A busy winner's circle for Flightline's GI Metropolitan H. victory | Coglianese

Finley credits West Point's bloodstock agent David Ingordo for their success with these high-profile purchases.

“[David] has opened up relationships and alliances that frankly I never would have been availed to,” Finley said. “It has been really impactful. In 2018 we bought our first couple of big horses and everything just fell into place. A lot of money gets thrown around, but not everyone comes up with a Flightline. We definitely realize how fortunate we are to be in his midst.”

The success of these ultra-talented horses has placed partners like Lisa Bell in a dilemma. Bell has an ownership share in Flightline, who is preparing for the GI Pacific Classic S. on Sept 3. at Del Mar, and in First Captain, who is slated to make his next start in the GI Jockey Club Gold Cup S. at Saratoga on the same day.

“I had to decide where I'm going Labor Day weekend,” Bell said with a laugh. “It's a testament to Terry and his vision. He's made it grow as an avenue of business to include people like me, who don't have an exorbitant amount of money and can't just plop down a million dollars on a horse. It does a lot for the sport because it draws in regular folks.”

Getting to know partners, like Bell, who join the syndicate from all walks of life is one of the highlights of the vocation for Finley.

“One of the coolest parts of my job is the kaleidoscope of partners that I get to interact with and learn from,” he said. “To top it all off, I get to work with my family. I'm really lucky.”

Now with 138 stakes wins, 60 graded stakes wins, 15 Grade I wins and over $63 million in purse earnings, West Point Thoroughbreds—and Terry Finley–show no signs of slowing down any time soon.

“This game could never get ride of me,” Finley said. “This is all I've ever wanted to do is be in the horse business. When you're fortunate enough to work with very passionate people who are consistently looking to do the right thing and make good decisions, that helps when you go through the tough times that we all experience.  I'm proud of the horses we've had and the memories we've made for people. I'm proud of our team. I'm proud that I truly believe we've done it the right way and have tried our best to set a good example.”

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Lost And Found Presented By LubriSYNHA: Twilight Eclipse Remains Part Of West Point Family

There's an old saying that the best way to become a millionaire in the Thoroughbred industry is to start with $2 million. A corollary could be that a horse can sell for $1 million and earn a few thousand or, in rare cases, sell for a few thousand and earn a million. Twilight Eclipse exemplifies the latter in the extreme.

As a newly-turned yearling at the 2010 Keeneland January Horses of All Ages, Twilight Eclipse was sold to trainer John Langemeier on a $1,000 bid. As superior horses often do, Twilight Eclipse won his career debut on June 2, 2012 at Indiana Grand. He returned to Indiana Grand 17 days later and won again. And as often happens, his performances came to the attention of those seeking a potential star. Langemeier capitalized on the opportunity and sold him to West Point Thoroughbreds.

In his fourth start in the black and gold silks, Twilight Eclipse became a graded stakes winner by capturing the W.L. McKnight Handicap at Calder Race Course in late 2012. He concluded his remarkable run for West Point and trainer Tom Albertrani as an 8-year-old in 2017 with a $2,103,953 bankroll and lifetime record of 40-8-5-11. Highlights include his Grade 1 triumph in the Man o'War Stakes at Belmont Park in 2015 and four appearances in the Breeders' Cup Turf topped by his third-place effort in 2014 at Santa Anita. With the exception of seven races, Twilight Eclipse competed only in the graded ranks throughout his career.

With his glory days behind him, Twilight Eclipse is enjoying full retirement with his 16-year-old next-paddock neighbor Seminary Ridge at Erin and Daniel Birkenhauer's farm near Bowling Green, Ky. As the daughter of West Point President Terry Finley and his wife Debbie (West Point Chief Administrative Officer), Erin is quite familiar with Twilight Eclipse.

“I vividly remember a hot, muggy day in the summer of 2012 when my husband and I saw him for the first time at The Thoroughbred Center in Lexington,” she said. “We saw him on the shank and my dad called when we were on the way home and asked what we thought. I said, 'He's a plain brown wrapper, but there's something about him.' The fact that my husband and I were the first members of the West Point family to lay eyes on him was very special, and we often reminisce about that day.”

Birkenhauer has zeroed in on the quality that is easy to recognize but impossible to explain in superior horses. She also noticed that his movement made him a prime candidate for other endeavors.

“I watched Twilight Eclipse train and always loved his big, floaty trot,” she said. “With him having such a long and successful career, I had myself convinced he was just going to race forever. But a few weeks after his final race in May of 2017, the partners graciously agreed to allow us to provide their champ with a great home.”

Twilight Eclipse wins the Man o' War Stakes in 2015

Birkenhauer began reschooling him on their property and then transferred him to a boarding facility to fine-tune him for jumping and the precision movements of dressage collectively known as eventing. In late July that year, he strutted his stuff at a show. By September he was at the Kentucky Horse Park in Lexington where he won the “most money earned” and “war horse in hand” divisions at the New Vocations All-Thoroughbred Show. He also made a stop in Pennsylvania, where Erin guided him in the Real Rider Cup that highlights celebrity riders and well-known mounts to promote second careers for racehorses.

When the Birkenhauers decided to start a family, Erin stopped riding regularly and briefly considered allowing someone else to continue with Twilight Eclipse's progress.

“It weighed heavily on me how he'd react to not having a job,” said Birkenhauer, West Point's racing manager and communications director. “We brought him back home and turned him out alongside Seminary Ridge and he settled right in. I haven't ridden him in a couple of years, but the last time I did, he was convinced we were in the post parade for the Breeders' Cup!”

After six years of the energized atmosphere of the track, Twilight Eclipse has fully adjusted to a life of leisure and requires little attention.

“He doesn't like being groomed at all and we've nicknamed him Hangry because of his antics at feed time,” she said. “He also is not one of those horses who is lovey-dovey and in your lap, but he is very sweet and gentle with kids, which makes me very happy.”

Twilight Eclipse relaxes at home. Photo courtesy Erin Birkenhauer

That affection for youngsters is special to the Birkenhauers, who a have a nearly 2-year-old son and a second child due in April.

“Sometimes I feel a ping of guilt that he's not out there galloping and jumping around big cross-country tracks, but those feelings quickly subside when I look out my kitchen window and see the 'two ole geldings' fat and happy as clams,” she said.

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