Value Sires for 2021, Part I: New KY Sires

Welcome to our annual survey of covering options in Kentucky for the forthcoming breeding season. As usual, we’ll start with the rookies and work our way through the preceding intakes, before trying to eke out some value among the more established stallions.

A wholly subjective exercise, clearly–so apologies if your fellow doesn’t make our “value podium.” Every farm is understandably sensitive about the reputation of its stallions, for whom opportunity can be so fleeting and about whom fashions can swell or fade on the flimsiest grounds. We’ll do our best to be fair, and polite. It’s all guesswork at this stage, after all, educated or otherwise. And, in the end, individual breeders will decide for themselves what they feel to be right for their own mares.

The choices they might make in an ideal world, after all, are often very different from what may feel necessary in the real one. Very likely, the priority is making sure you get paid enough for your yearling not just to clear fee and keep, but to retrieve something on what you once gave for the mare herself; and still have a little left over to keep the lights on.

Perhaps it’s only from the luxury of this pulpit that I might try to do something dumb like breed a racehorse. Naïve as it may be, however, I do persist in the belief that there should eventually be nothing more commercial, when you’re trying to make a mare or build a family, than to get some winners on the page. Since this time last year, of course, the market has absorbed some frightening shocks. Arguably this is precisely the time, with the fast bucks slowing down, to take a somewhat longer view on your mare. But the whole concept of “value” can encompass a spectrum of strategies, and I’ll do my best to acknowledge that.

In response to the crisis, the farms have certainly done their bit. With the international market showing welcome signs of resilience, and vaccinations on the horizon, generous fee cuts have given breeders every incentive to keep the faith. This, remember, is a community that needs patience and perspective at the best of times. Your 2021 cover typically won’t have a bottom line until you get to the 2023 yearling sales, and it would be nice to think the economy might have spluttered back into growth by then.

Improbable | Jon Siegel

All that said, to me it looks as though the scythe has been restored to its hook for the sires we feature today. Measured against a market so full of temptingly reduced fees, the newcomers as a class look brutally expensive. But you can’t blame the farm accountants, the commercial market’s infatuation with unproven sires having in recent years become ever more compressed–to the point that selling nominations has often become uphill work even for stallions entering only their second year.

I have banged this drum too often to weary you by reprising the argument here. Suffice to say that the majority of those we examine today start at a fee that will simply keep dwindling, to the point that many will pack their bags for an overseas or regional program; and even the few that do eventually achieve viable careers in Kentucky will typically have to ride out a dip first.

Nonetheless there will be value lurking among them. Most obviously because it’s a question of demand, rather than supply: their fees may never again be so high, nor will their stock ever enjoy the same premium at the sales ring. Each crop, moreover, will have its Not This Time.

The son of Giant’s Causeway was “gold” on our podium when introduced at $15,000 (and remained so when clipped to $12,500 last year). Anyone charitable enough to ascribe that oil-strike to judgement, rather than luck, hopefully won’t be expecting something similar every time. And we’ll have to decide, when revisiting his intake, whether Not This Time can retain a step on that podium at $40,000!

Nowadays, moreover, new stallions can offer extra value when so many farms incentivize even a little perseverance by, for instance, offering lifetime rights for repeat breeders.

One of the most significant recent developments in the stallion market is the way that the pioneer of such schemes, B. Wayne Hughes, is upgrading the caliber of animal to which they apply. Into Mischief himself having started out as a blue-collar experiment, Hughes is now welcoming a succession of authentic Classic types to Spendthrift with the potential to revive the heyday of Nashua, Raise a Native and Seattle Slew.

McKinzie | Benoit

Last year the first, second and joint-third highest fees among the new stallions were all charged at Spendthrift. This time round, rival farms have looked to their laurels but Hughes again stands top of the heap with much the most expensive of the intake, at $75,000–a son, of course, of his remarkable champion sire.

Spendthrift had been quick to double down on Into Mischief, hosting his first-crop star Goldencents as a cheaper alternative to a sire whose fee would soon climb beyond the reach of most. And the success of AUTHENTIC (Into Mischief–Flawless, by Mr. Greeley) in the postponed GI Kentucky Derby has broken priceless new ground for the farm flagship. For here is immediate evidence that the amelioration of Into Mischief’s books as his fee went up–still $45,000 when Authentic was conceived–would enable him to stretch his trademark speed and become a legitimate Classic sire.

Authentic is the only black-type winner under his first two dams but that doesn’t tell a fraction of the story. His unraced granddam (whose half-sister produced the dam of two Grade I winners) died after delivering just three foals, one of which was a 13-length winner on debut, only to bow a tendon on her next start. That was Flawless, and Authentic is only her third starter. The next two dams were both graded stakes winners, but what I really like about Authentic’s page is a ghostly pattern of Ruffian: her half-brother Icecapade recurs top and bottom, while her sire Reviewer gave us the dam of Mr. Greeley.

Yes, they were handing out track records like bobble hats at the Breeders’ Cup; and maybe maturing sophomores would clock 2:00.61 in the Derby more often if they ran it in September every year. But there’s no gainsaying Authentic’s effortless speed. His class-high speed figures were founded on a wonderfully fleet action, which made him look something special even when still a gawky beginner in the GIII Sham S. His gate-to-wire dash guarantees Authentic commercial traction and, as a leggier and stretchier model, the right mares will entitle him to continue dad’s work round that second turn.

Game Winner | Alys Emson

Would I trade two foals by Omaha Beach for one by his new barnmate? Nope. But that’s just a personal take on the most expensive stallion of the last intake, whose revised price we will visit in the next instalment of this series. We know that Authentic will make his fee function, at least through his first cycle, because he’s the most accomplished son of a freakish stallion now standing at $225,000. And nobody, such is the nature of the business today, will be looking past that initial phase for now.

Just as was the case in the GI Breeders’ Cup Classic, Authentic’s closest pursuer in terms of fees is IMPROBABLE (City Zip–Rare Event, by A.P. Indy) at $40,000. He matured into a most accomplished older horse, with a Grade I hat trick, but WinStar will doubtless be emphasizing what a very smart juvenile he was, too: spectacular on the Breeders’ Cup undercard, he then beat Mucho Gusto (Mucho Macho Man) by five in the GI Los Alamitos Futurity. Though a creditable fifth past the post in the Derby, he looked closer to the finished article in his third campaign.

Certainly it would be gratifying to see another son assist Collected in carrying the torch for City Zip, a set-your-clock force for good in his stock. And Improbable’s granddam is a half-sister to none other than Hard Spun, just one decoration to a bottom line extending to the Darby Dan foundation mare Banquet Bell (Polynesian), i.e. the family of Little Current (Sea-Bird {Fr}) and company.

Improbable has always been a slick mover, and that completes a pretty comprehensive package: pedigree, class, toughness, balance. No less than we should expect, at this kind of money–but he is at a farm, like Authentic, that will secure him numbers and then it will be over to him.

War of Will | Maryland Jockey Club

Next off the grid, at $30,000, extends Bob Baffert’s influence on this intake into a third crop. MCKINZIE (Street Sense–Runway Model, by Petionville) goes to Gainesway with a similar profile to Improbable, as a GI Los Alamitos Futurity winner (albeit in the stewards’ room) who really confirmed his standing at four, similarly winning the GI Whitney S. and placing in the GI Breeders’ Cup Classic. Persevering this year did not really pay off as it deserved, but at least he reiterated his versatility by adding a Grade II success at seven furlongs to his earlier GI Malibu S. score at that trip.

Bottom line is that he’s a Grade I winner at two, three and four, with 11 triple-digit Beyers to his name. That’s the kind of mettle the breed could do with, nowadays, and perhaps traces to a family seeded with some pretty left-field influences: he combines two Mr. Prospector sire lines but his first three dams are by Petionville, Houston and Navajo. This kind of stuff can be pretty invigorating, as one glance at American Pharoah’s family tree will confirm. So while McKinzie is the only Grade I winner out of a Petionville mare, it has all stacked up somehow: his dam, a very smart runner in her own right, has three half-sisters who have also produced a graded stakes winner.

So we’re plainly looking at some kind of genetic vigour, as well as vigour on the track, and don’t let his admirable durability deceive you that McKinzie’s stock will need time. His dam made 10 juvenile starts, sandwiching her third in the GI Breeders’ Cup Juvenile Fillies with two Grade II wins; and the next dam won four times at two, including a couple of Listed prizes.

Starting on the same peg at Lane’s End is GAME WINNER (Candy Ride {Arg}–Indyan Giving, by A.P. Indy), who completes Baffert’s lock on the top four. You have to feel sympathy for connections, who felt there was more to come after he derailed halfway through his sophomore campaign but never got him back on track. But if breeders have to dust off his juvenile championship, they will find it a worthwhile exercise–reminding them how he reeled off three Grade Is after winning on debut, culminating in a decisive defeat of Knicks Go (Paynter) in the GI Breeders’ Cup Juvenile.

Maximum Security | Horsephotos

He trained on well, too, running the race-fit Omaha Beach (War Front) to a nose on his resumption, while sixth home in the Kentucky Derby was a respectable effort after a messy trip.

A pedigree that superficially hurries through the generations soon repays closer attention. His first three dams have produced just 10 foals between them, through sundry misfortunes, and Game Winner’s only sibling to have started is Grade II winner Flagstaff (Speightstown); while his granddam is champion Fleet Indian (Indian Charlie), who counted two Grade Is among 13 wins from 19 starts. And you can’t complain about the compression of a pedigree that ends up taking you through the Striking branch of La Troienne’s line.

Genes certainly support a fee of $25,000 for WAR OF WILL (War Front–Visions Of Clarity {Ire}, by Sadler’s Wells) at Claiborne.

For a start, he foreshortens access to the two premier branches of the Northern Dancer dynasty in a fashion that is rare today: he’s a grandson of Danzig out of a Sadler’s Wells mare. And what a family that mare represents. His fifth dam is the matriarch Best In Show; closer up, he’s a half-brother to a Group 1-winning juvenile; and their stakes-winning dam is a half-sister to the brilliant miler Spinning World (Nureyev) out of a Group 1-placed half-sister to Chimes of Freedom (Private Account), herself an elite operator and dam of two others in Aldebaran (Mr. Prospector) and Good Journey (Nureyev).

War of Will parlayed this glittering international page into Classic success on dirt plus a Grade I success when switched back to grass for his third season. With his sire rising 19, the chance is there for War of Will to establish himself as a transatlantic influence, obviously at a more accessible fee. He certainly looks the part.

It was War of Will, notoriously, who took the nudge that cost MAXIMUM SECURITY (New Year’s Day–Lil Indy, by Anasheed) the Kentucky Derby. Little could we realise how even the furore over his disqualification would be surpassed by the far graver infringements subsequently alleged about his trainer. One way or another, he could never quite confine headlines to what was plainly a pretty freakish talent: by renouncing the GI Preakness for a 1-20 defeat, for instance, and then when diverted from the Breeders’ Cup by colic. Nor did he build conclusively on what was, in the circumstances, an important Grade I for his new trainer this year. But the bottom line is 10 wins in 14 starts for a rating of 122, and the hapless victim of so much controversy now gets the chance to create a fresh legacy of his own, starting out at Ashford off $20,000.

Vekoma | Sarah Andrew

Maximum Security is another whose first couple of dams introduce pretty exotic names, in Anasheed and Cresta Rider. But a third dam by Double Jay–who was foaled in 1944!–is a throwback I love: he was a fantastic broodmare sire. Anyhow we’ve already remarked how variegation of this kind is no bar to success, and his dam is a three-parts sister to a very hardy multiple Grade I winner in Flat Out (Flatter). Relative to Maximum Security’s accomplishments, the fee takes full account of the fact that he has been a bundle of surprises throughout, for better or worse; and he will reliably be given every chance to write a redemptive final chapter. Put it this way, he has more obvious credentials to make his fee work than when carrying a lesser claiming tag on his debut!

Also launched at $20,000 is VEKOMA (Candy Ride {Arg}–Mona de Momma, by Speightstown) at Spendthrift. He, too, always carried an air of unconventionality–in his case, that highly idiosyncratic action. But there was no arguing with its efficiency, and it is a real shame that he was consecutively derailed just as he was confirming his class both at three and four. At least he went out on a high, in the stallion-making GI Met Mile.

An unbeaten GIII Nashua S. winner at two, he won the GII Blue Grass S. decisively only to disappear for 11 months after his Derby disappointment. On his return he looked much closer to the finished article: after a stylish comeback, he was plainly at home in the slop when romping in the GI Carter H., but no such qualifications were required when he sealed his status as one of the most lavishly talented animals around in what turned out to be his swan song, just a click off the track record.

Though confined to eight starts across three seasons, Vekoma fully established his class and versatility, with Grade I wins at seven, eight and nine furlongs. There’s no mystery as to where it comes from, either. He owed his efficacy in the slop to a dam who won her Grade I in similar conditions, but a more important inheritance was her sisterhood to Mr. Greeley (Gone West) and to the second dams of Street Sense (Street Cry {Ire}) and Paradise Woods (Union Rags). Moreover Vekoma’s fourth dam is Lianga (Dancer’s Image), whose elite scores in Europe were similarly both in sprints and at a mile. She is also the third dam of Coolmore’s rags-to-riches sire Danehill Dancer (Ire).

Volatile | Sarah Andrew

Sadly Vekoma’s dam, lost the year she delivered him, won’t be decorating the page further; but the credentials of Candy Ride as a sire of sires grow all the time. This must be his fastest son to stud, moreover, with the precocity to clock a 97 Beyer in the Nashua. Assuming he doesn’t reproduce that quirky gait, Vekoma can make the grade.

Another offering ‘V’ for velocity is VOLATILE (Violence–Melody Lady, by Unbridled’s Song), launched by Three Chimneys at $17,500. It would have been mouthwatering to see the pair of them square up in top form for a race like the GI Forego. Unfortunately Volatile was likewise unable to see things through, confined to three starts as a sophomore and another three this year. But these latter confirmed his blossoming as an authentic speedball: dazzling on his return, he then detonated a 1:07.57 romp in the Aristides S., missing the track record by a sliver; and put a formal Grade I seal on his resumé at Saratoga.

Admittedly he was allowed to tee up his wild closing fractions that day, having controlled the early pace against just three rivals. But an $850,000 yearling tag tells you all you need to know about his looks, as the most expensive son of his flourishing sire; and his second dam is Lady Tak (Mutakddim), a dual Grade I winner over seven at Saratoga–and whose own granddam Dangerous Star (Dark Star) was one the 10 foals of the remarkable Dangerous Dame. Of these, eight mustered a grand total of three starts between them; the other two, however, were the elite winners and producers Hidden Talent and Heavenly Body, both also by Dark Star. This is a family fertile in classy horses on both sides of the Atlantic.

Though himself held up by a setback at two, Volatile’s full-sister as a juvenile became their sire’s first stakes winner as early as May. So breeders can hope to match commercial speed with corresponding precocity. If that happens, Volatile looks highly eligible to achieve the momentum so critical to a young sire in the freshmen’s table.

With so many new sires in the Kentucky marketplace for 2021, stay tuned as we continue to cover more than a dozen others in tomorrow’s instalment.

 

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From the Experts: Joseph Burke

On the back of the eagerly anticipated stallion fee announcements in Europe, Gary King spoke with a number of leading industry figures about value. Today we hear from Joseph Burke.

GK: Who have you identified as a first-year stallion at an appealing opening fee?

JB: I must admit that whilst I have not inspected any of the first-season sires yet, on paper I expected Earthlight (Ire) (Shamardal) to be standing for a little more than €20,000. So I booked one of our better mares to him, a Group 3-winning 2-year-old currently carrying her second foal to Night Of Thunder (Ire), as soon as I read about his fee via a TDN alert whilst in Lexington. For a horse who finished his career rated just two pounds behind another leading 2-year-old and freshman son of Shamardal in Pinatubo (Ire), it would appear the value lies with Earthlight given that Pinatubo has been pitched at £35,000.

Kameko (Kitten’s Joy) is also very competitively priced at £25,000 and I would definitely be using him were it not for the uncertainty surrounding Brexit. Breeding is difficult enough without all the hassle Brexit could potentially entail next season, something the chair of Britain’s Thoroughbred Industries Steering Group confirmed when he advised members “not to schedule movements for the first two weeks of 2021.” Nevertheless, Kameko has to rate a very attractive prospect for breeders with mares based in England.

In the U.S. we have booked two mares to Game Winner (Candy Ride {Arg}) whom I think is comfortably the best value first-season sire over there for 2021, priced at $30,000.

GK: Best value proven stallion, and why?

JB: To me this is a no-brainer. In the breeding game, the evidence is often there in black and white for anybody willing to do their own independent research and place a lot of stock in statistics. That said, a mere glance is all that’s needed at the second-crop sire’s results for 2020 illustrates that Make Believe (GB) (Makfi {GB}) is the only stallion to have sired a Group 1 winner in Mishriff (Ire), and not just any ordinary top level winner but a Classic winner who has inherited his sire’s turn of foot. Mishriff is the shortest price of any English-trained horse to take next year’s Arc, a trip he might possibly get as a 4-year-old.

Make Believe has also sired three individual group winners including the multiple Group 3 winner Rose Of Kildare (Ire). He’s a correct horse whom you can rely upon to throw a good physical. Oghill House Stud sold the full-brother to Rose Of Kildare for 175,000gns at Book 2 this year, and he is priced at €15,000.

From a commercial perspective, it is essential to go to stallions who don’t cover huge books and with that in mind, Ballylinch manages him very well which gives breeders a better opportunity to earn a decent return in the sales ring. In fact, when you look at the overall sire list, of those with more than three winners in 2020, no other living stallion in GB or Ireland has a higher percentage of winners-to-runners this year, not a single one. He has a pretty outstanding 47% strike rate with 28 winners from 59 runners. In his short career thus far, he is outperforming his contemporaries on every level and most of the established sires as well. As the clock at the old Curragh racecourse famously stated ‘Time discloses all’, but I don’t think one requires hindsight to see that Make Believe is the best-value proven sire who is only going one way.

In the U.S., Twirling Candy (Candy Ride {Arg}) at $40,000 and Munnings (Speightstown) at $50,000 appeal in this category.

GK: Who would you consider to be an under the radar stallion?

JB: Elzaam (Aus) (Redoute’s Choice {Aus}) has an overall strike rate of 42% winners-to-runners and has sired 12 stakes horses including the G1 Matron S. winner on Irish Champions Weekend, as well as the runner-up in the Hong Kong Derby. Yet Elzaam is available at just €5,000 for 2021. I think that is surely the definition of under the radar.

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Quality Road, Candy Ride Lead Lane’s End 2021 Stallion Roster

Lane's End in Versailles, Ky., has released the advertised fees for its 2021 stallion roster, led by top commercial sire Quality Road.

Like many of the major Kentucky stallion operations, Lane's End has decreased its stud fees nearly across the board to account for the uncertain economy both inside and outside the Thoroughbred industry.

The 2021 roster is led by elite commercial sire Quality Road, who will stand for $150,000. The 14-year-old son of Elusive Quality's runners have been led this year by Grade 2 winners Dunbar Road and Captain Scotty, along with Grade 3 winner Bellafina and Belmont Stakes runner-up Dr Post.

Quality Road's yearlings have posted an average sale price of $354,947 in 2020.

Veteran sire Candy Ride joins Quality Road at the top of this year's Lane's End roster, standing for $75,000.

A 21-year-old son of Ride the Rails, Candy Ride has seen his banner carried this year by multiple Grade 1 winner Vekoma, Grade 2 winner Rideforthecause, and multiple Grade 1-placed Ollie's Candy.

Lane's End will add three rookie stallions to its roster in 2021, along with hot sire Daredevil, who returns stateside from Turkey.

Game Winner, the champion 2-year-old of 2018, will stand for an initial fee of $30,000. The 4-year-old Candy Ride colt went undefeated during his juvenile season, capped off by an Eclipse-clinching victory in the Breeders' Cup Juvenile at Churchill Downs.

Honor A. P. will enter stud for a fee of $15,000. A 3-year-old from the first crop of fellow Lane's End resident Honor Code, Honor A. P.'s on-track career was highlighted by a victory in the G1 Santa Anita Derby.

Rounding out the trio of newcomers is Grade 1 winner Gift Box, who will stand for $10,000. The 7-year-old Twirling Candy horse retired with earnings in excess of $1.1 million, with wins in the G1 Santa Anita Handicap, and two editions of the G2 San Antonio Stakes.

Daredevil joins the Lane's End roster in 2021 after standing the previous season in Turkey. The 8-year-old More Than Ready horse has been represented this year by Preakness Stakes winner Swiss Skydiver and Kentucky Oaks winner Shedaresthedevil, and the two star fillies filled out the Oaks exacta. Daredevil will stand for $25,000 as property of the Turkish Jockey Club.

Following is the complete list of 2021 advertised fees for the Lane's End stallion roster:

STALLION 2021
Accelerate $17,500
Candy Ride $75,000
Catalina Cruiser $15,000
City of Light $40,000
Connect $15,000
Daredevil $25,000
Game Winner $30,000
Gift Box $10,000
Honor A. P. $15,000
Honor Code $20,000
Lemon Drop Kid $15,000
Liam's Map *** $30,000
Mineshaft $15,000
Mr Speaker $5,000
Quality Road $150,000
The Factor $17,500
Tonalist $12,500
Twirling Candy $40,000
Unified $10,000
Union Rags $30,000
West Coast $20,000
*** until 11/5/2020, subject to change thereafter

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2021 Fees for Lane’s End; Quality Road Down to $150,000

On the heels of the announcement Friday that top three leading second-crop sire Daredevil will return to the U.S. from Turkey to stand at Lane’s End Farm, the Versailles nursery and stallion station released its full roster and stud fees for 2021. A total of 21 stallions will make up the roster, led again by stalwart Quality Road, who gets a fee cut from $200,000 to $150,000. A majority of key breeding sheds are cutting 2021 stud fees due to the COVID-19 pandemic.

Candy Ride (Arg) will also see his fee slashed from $100,000 to $75,000. A number of the other stallions on the roster are also getting breaks on fees. A few will stay at the same level as in 2020, including the popular City of Light, whose first foals are weanlings this year, and Twirling Candy. Both will continue to stand for $40,000.

Lane’s End has three young horses retiring to its stallion barn this year: champion and Breeders’ Cup winner Game Winner, who will stand for $30,000; this year’s GI Santa Anita Derby winner Honor A. P., who will stand for $15,000; and GI Santa Anita H. winner Gift Box, who will bring $10,000. All three of the new retirees will stand alongside their sires at Lane’s End: Candy Ride, Honor Code, and Twiring Candy, respectively.

In addition, Liam’s Map’s fee of $30,000, a cut from $35,000 for 2020, is only locked in until Nov. 5, with changes possible after that date due to Breeders’ Cup results. Among his runners who may contest the Breeders’ Cup Nov. 6-7 are Runhappy Debutante S. winner and GI Darley Alcibiades S. runner-up Crazy Beautiful and GIII Miss Preakness S. winner Wicked Whisper.

The full Lane’s End roster is as follows:

Stallion (2021 fee)

Accelerate ($17,500)

Candy Ride (Arg) ($75,000)

Catalina Cruiser ($15,000)

City of Light ($40,000)

Connect ($15,000)

Daredevil ($25,000)

Game Winner ($30,000)

Gift Box ($10,000)

Honor A. P. ($15,000)

Honor Code ($20,000)

Lemon Drop Kid ($15,000)

Liam’s Map ($30,000)

Mineshaft ($15,000)

Mr Speaker ($5,000)

Quality Road ($150,000)

The Factor ($17,500)

Tonalist ($12,500)

Twirling Candy ($40,000)

Unified ($10,000)

Union Rags ($30,000)

West Coast ($20,000)

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