Tag: Fasig-Tipton Selected Yearlings Showcase

Notable US-Bred and -Sired Runners in Japan: Jan. 29-30, 2022

In this continuing series, we take a look ahead at US-bred and/or conceived runners entered for the upcoming weekend at the tracks on the Japan Racing Association circuit, with a focus on pedigree and/or performance in the sales ring. Here are the horses of interest for this weekend running at Chukyo and Tokyo Racecourses:

Saturday, January 29, 2022
4th-CKO, ¥11,400,000 ($99k), Newcomers, 3yo, 1400m
CUTE VILLAIN (f, 3, Arrogate–She Be Wild, by Offlee Wild) is the latest foal out of the Eclipse Award-winning juvenile filly of 2009 and cost Katsumi Yoshida $550K at last year's Fasig-Tipton Florida sale after breezing an eighth of a mile in :10 flat (see below). The Mar. 31 foal becomes the ninth Japanese starter for her late sire, six of which have already tasted success at the races. That number includes wide-margin debut winner Jasper Great, who is out of a mare by Offlee Wild's sire, Wild Again. B-Nancy Mazzoni (KY)

 

 

4th-TOK, ¥14,250,000 ($124k), Allowance, 3yo, 1600m
FOOLISH HOBBY (f, 3, Arrogate–Flatter Up, by Flatter) is another of those half-dozen Arrogate winners in Japan, having led home an exacta for the sire when besting next-out graduate Shailene on 1800-meter debut at Hanshin Nov. 27 (, SC 7). The first foal from a Grade III-placed mare, Foolish Hobby fetched $260K at the 2020 Fasig-Tipton Selected Yearlings Showcase and matured into a $450K FTFMAR breezer (:21 1/5). Foolish Hobby is from the female family of GISW and young sire Midnight Storm (Pioneerof the Nile). Three Chimneys acquired Flatter Up for $300K with this foal in utero at KEENOV in 2018. The field also includes favored Ju Taro (Arrogate) and World Connector (Connect). B-Three Chimneys Farm LLC (KY)

 

 

6th-TOK, ¥11,400,000 ($99k), Newcomers, 3yo, 1600mT
KANARRA CREEK (c, 3, Kitten's Joy–Wilson's Creek, by Bernardini), a $160K KEESEP acquisition on behalf of Godolphin by Paca Paca Farm, is out of a daughter of Darley-bred River Street (GB) (Machiavellian), a full-sister to the late and influential Street Cry (Ire) and to the stakes-placed dam of European champion 2-year-old colt Shamardal (Giant's Causeway). The colt's dam Wilson's Creek was acquired by William Harrigan/Miacomet Farm for $80K in foal to Midshipman at KEENOV in 2018. B-William B Harrigan & Mike Pietrangelo (KY)

Sunday, January 30, 2022
6th-TOK, ¥11,400,000 ($99k), Newcomers, 3yo, 1800mT
MOZU CLEOPATRA (JPN) (f, 3, American Pharoah–Audubon Park, by Candy Ride {Arg}), acquired in utero for $130K at KEENOV in 2018, was purchased by the Capital Systems ownership group for $383,526 as a yearling at the 2020 JRHA Select Sales. The filly's winning dam is a daughter of Zealous Cat (Storm Cat), whose produce include GSW Tapicat (Tapit), GSP Enthusiasm (Jpn) (Deep Impact {Jpn}) and the dam of Japanese Group 3-placed Dieu du Vin (Jpn) (Declaration of War). B-Satoshi Morinaga

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The Friday Show Presented By Woodbine: Bloodstock Markets In The Year Of The Pandemic

Bloodstock editor Joe Nevills joins publisher Ray Paulick on this week's edition of the Friday Show to talk about the state of the Thoroughbred market after completion of the recent Selected Yearlings Showcase at Fasig-Tipton and the early stages of the marathon September Yearling Sale at Keeneland.

Like many industries, the bloodstock market has had to adapt as a result of the coronavirus pandemic, with a wider embrace of off-site research and bidding from both domestic and international buyers who either were reluctant or unable to travel to Lexington, Ky., for the sales because of COVID-19.

The economics of live racing have been turned upside down by crowd restrictions, lower purses in some markets, and, for some owners, the joy of the game has been deflated by the “new normal,” which could lead to decreased participation in the auction market — at least in the short term. The results of the current Keeneland September Sale could have ripple effects on the upcoming breeding stock sales.

Finally, it's a big weekend of racing at Woodbine in Canada, highlighted by Saturday's $1-million Ricoh Woodbine Mile, and Nevills and Paulick go through the field for that Grade 1 turf fixture.

 

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Maskless Photo Draws COVID-19 Compliance Into Question At Keeneland September Yearling Sale

A photo in a tweet that circulated Thursday brought into question the enforcement of mask-wearing and social-distancing policies at the Keeneland September Yearling Sale, leading Keeneland to issue a statement to Janet Patton of the Lexington Herald-Leader.

The photo, taken by bloodstock agent Michael Hernon and since deleted, displayed a group of over 20 individuals inspecting and showing horses during an “Express Lane” event outside a Taylor Made Sales Agency barn, in which a group of upcoming offerings are paraded in front of prospective buyers all at once to limit the hassle and potential contact of individual showings. Only one or two of the people in photo whose faces are visible are properly wearing masks, a couple others have their masks around their chins, and the rest do not have any visible face covering on or around them.

Patton, a veteran journalist whose coverage has included the business of the Thoroughbred industry, retweeted the image with a comment tagging Keeneland that asked: “How does this square with the protocols?”

Per Keeneland's COVID-19 safety policy for the sale: “All participants in the September Sale are required to wear a face covering and maintain social distancing of at least six feet at all times on the grounds – both indoors and outdoors.”

Fasig-Tipton also had a policy requiring masks at all times while on the property for the recent Selected Yearlings Showcase Sale, and photos from the sale revealed mixed success in mask enforcement, as well.

Buyers, owners, and bloodstock agents were not required to produce a negative COVID-19 test to gain entry to the property for either sale. That group is required to complete a health questionnaire prior to the sale, and daily temperature checks are taken. Negative tests were required for all others within 10 days of entry, including consignors and their crews, auction company staff, veterinarians, farriers, and media.

After the Keeneland photo gained some traction on social media, Patton contacted the company, which issued the following statement:

“Keeneland takes the health and safety of our employees and our sale participants very seriously, and we have addressed the issue pictured in the tweet with those involved. We remain vigilant in enforcing compliance with the COVID-19 protocols established to ensure that we, along with our consignors and buyers, are able to conduct the September Yearling Sale in a safe and responsible manner. Those protocols require that every person wears a mask at all times and maintains social distance. Please be assured that we continue to monitor our grounds to promote responsible behavior across the Keeneland campus.”

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Into Mischief Continues His Commercial Ascent At Keeneland September Sale

The past 12 months have seen Spendthrift Farm's flagship sire Into Mischief achieve just about everything a stallion needs to do in order to be considered a major commercial sire.

Let's go down the list:

Breeders' Cup winner? Check.

Eclipse Awards? Covfefe got him two for good measure.

Leading sire title? He earned his first at the end of 2019.

Classic winner? Authentic went from the outside post to the history books earlier this month.

With that kind of momentum behind him, the next step was to have a big showing at this year's Keeneland September yearling sale. Another box, another check.

During Monday's session alone, Into Mischief had three yearlings bring seven-figure prices, adding to the one he hammered down on Sunday's opening day of trade. His four total seven-figure offerings tied him with Medaglia d'Oro for the most by a sire at Keeneland September through the end of Book 1. Prior to this year, his million-dollar yearling club consisted of a single horse.

If there was any remaining doubt that Into Mischief has earned his place among the the very top echelon of North America's commercial sires, it was pulverized with every seven-figure fall of the hammer.

“It's just building on what he's done,” said Spendthrift Farm general manager Ned Toffey. “He's always been a commercial horse, but when you win the Derby and you show people that you're able to get a classic horse, which was sort of the only question left unanswered with him, this has just given people that much more confidence to go out and ante up for a really nice Into Mischief. That's great news for us, it's great news for our breeders, and we couldn't be happier with it.”

The leader of the pack for Into Mischief through the end of Book 1 at the Keeneland September sale was Hip 438, a filly out of the Grade 2-placed stakes-winning Medaglia d'Oro mare Taylor S who sold to Larry Best's OXO Equine on Monday for $1.9 million, the second-highest overall price for both the day and the sale.

Taylor S is a half-sister to Breeders' Cup Dirt Mile winner Liam's Map and Grade 3 winner Not This Time, who have both gotten off to fast starts as stallions. Taylor Made Sales Agency consigned the top filly, as agent.

It was the second Into Mischief yearling Best purchased at the sale, after landing Hip 121, a colt out of the Grade 2-placed Cuvee mare Curlina, for $1 million on Sunday. He was handled by Gainesway, agent.

Elsewhere, Courtlandt Farm bought Hip 275, a filly out of the stakes-placed Distorted Humor mare Mary Rita, while BSW/Crow Bloodstock landed Hip 405, a filly out of the Unbridled's Song mare Special Me whose siblings include Grade 1 winner Gift Box and Grade 2 winner Stonetastic. Both yearlings were purchased for $1,025,000.

The performance by Into Mischief's yearlings during the Keeneland September sale carries on the momentum set last week during the Fasig-Tipton Selected Yearlings Showcase, where he had 17 yearlings sell for a combined $6,745,000, led by a colt out of the Distorted Humor mare Blind Copy who sold to the partnership of SF Bloodstock, Starlight Racing, and Madaket Stables for $800,000.

Had the yearling season ended after just the two days of the Fasig-Tipton sale, Into Mischief's 2019 foal crop would have been the fourth-highest out of his 10 crops to reach the market by number of horses sold at upper price points ($750,000 and up, $500,000 and up, or $250,000 and up). After two more days of selling at the market's highest level, this season's crop of yearlings sits second or third in those three categories, with a solid chance of finishing the year safely in first across the board.

With 2020 being an unprecedented year in practically every aspect of the Thoroughbred industry, Into Mischief was also the beneficiary of arguably the biggest update a sire has ever received heading into the yearling season: Authentic's victory in the postponed Kentucky Derby, just days before selling began.

With that being said, Toffey said a Derby winner alone doesn't guarantee an immediate spike in returns.

“The 'Derby bump' doesn't happen without the stock out here that he's got,” he said. “As his stud fee has gone up, the mare quality has gotten better, the individuals have gotten better, and that just continues to happen.

“That's the thing that's been remarkable over the years – not every stallion improves as the mare quality improves, but he's continued to do that,” Toffey continued. “In his second year, his stud fee was as low as $6,500, and all the way right up to last year at $175,000, the mare quality continues to go up and the quality of the offspring just continues to look better, and they continue to perform better. We're just glad he's on our team.”

Into Mischief's average yearling sale price reflects the stallion's climb up the commercial ladder. His first crop of yearlings saw 26 members go through the ring in 2011 for an average price of $22,792.

A year later, his second crop had 13 yearlings average $21,269 from combined revenues of $276,500 – all their respective lowest points. Into Mischief's average yearling sale price in 2019 was greater than his combined second-crop gross from 2012, and he stands a good chance of surpassing that threshold for a second time this year, continuing a journey to the top of the marketplace that seemed like a pipe dream a decade ago.

“That's the great thing about this game,” Toffey said. “You're always hoping for the best, you're shooting for the stars, and most of the time, you don't get these kind of results. Horses like Into Mischief just don't come along very often. He's just been remarkable. We thought we had the horse of a lifetime with Malibu Moon, and we've got another one with Into Mischief.”

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