‘Can’t Miss’ Keeneland September Sale Starts Monday

LEXINGTON, KY- The 79th renewal of the Keeneland September Yearling Sale opens its 12-day run Monday with the first of two Book 1 sessions beginning at 1 p.m. Consignors started showing Book 1 yearlings Friday and an international cast of shoppers were getting second looks at those elite youngsters on a misty Sunday morning in the Bluegrass, while also getting a head start on Book 2 horses who will start selling Wednesday.

“I think the activity is very good, particularly for Book 1,” said Peter O'Callaghan, whose Woods Edge Farm will warm up with  four yearlings during the first two days of the sale before offering 11 head in Book 2. “I think we did 83 all-shows on Friday and we did 116 yesterday, maybe not all-shows, but we had a full day's showing. We are showing the next group already today and we've had quite a busy morning for the Sunday morning up there. I think the signs are good.”

The first three days of showing featured an eclectic mix of buyers from around the world, according to Legacy Bloodstock's Tommy Eastham, who expects momentum to build on from a strong group of Book 1 offerings.

“Traffic has been really encouraging, not just volume-wise, but quality of shows,” Eastham said. “Keeneland has done a good job of bringing every accent in the world here. And I think they've done a really good job of picking out the horses. [Keeneland Vice President of Sales] Tony [Lacy] and [Keeneland Director of Sales Operations] Cormac [Breathnach] have done a really great job of putting some quality horses up front here. It's always been difficult for us in Book 1, if we started the sale with a little bit of a thud, then it takes to Book 2 for everyone to get confident in where they are. But the buyers keep mentioning what a great group of horses is here and I think there is a great deal of excitement.”

Consignors expect to see a continuation of familiar marketplace conditions over the next two weeks at Keeneland, with strong demand at the top and a polarization between the perceived quality offerings and those less-fancied horses.

“I am sure it will be a strong sale, but selective as every sale has been this year and for past years,” said Hill 'n' Dale Sales Agency's John Sikura. “There is plenty of money here and all of the right people. There is great pre-sale activity. They will do their scrutiny and they will land on the horses they like physically and the ones that vet to their satisfaction. Hopefully, we will have several that appeal to the elite buyers.”

Sikura continued, “I think [the polarization] is here to stay. You have a shrinking foal crop combined with a shrinking number of racetracks. So people are going to buy what they like and there probably isn't a buyer for every horse. You are rewarded on the ones that meet the scrutiny of multiple buyers and they make extra and then there are the ones that don't quite make it. There are savvy people who sometimes bid under the crazed market and then there are people who want exactly what they want and those cost more.”

Foreign buyers come to Keeneland this year while facing uncertain economic conditions in Europe and less-than-favorable exchange rates across the globe.

“Every year you are hoping you have a global market and that people from all marketplaces are here,” Sikura said. “You can't change the economic environment in various nations. That's sort of beyond your control. You just make the horses as good as you can make them and bring your best product to sale.”

Sikura added that economic conditions are less likely to impact top-end buyers.

“I think there is a lot of insulation of very wealthy people and in tough times they are still in a position to buy what they like,” he said. “Everything is cyclical to a degree. But I don't think inflation and potential economic slowdown has a lot of impact on our marketplace. A global recession would, but I don't think the vagaries of marketplaces in different countries would make that much difference because in every environment when things are tough for one sector, they are good for another. If you are in the oil and gas business, it's probably been good, but the stock market hasn't been as good, but it was good before. I think there is an ebb and a flow.”

After years in which overseas interests dominated the buying sheets, the domestic buying bench stepped up at the last two September sales to fill the void left by major buyers Godolphin and Shadwell, with partnership groups leading the way. Mike Repole and Vinnie Viola's St. Elias Stables teamed up to buy 43 yearlings at last year's September sale for a leading $16,045,000. They were followed by the SF Bloodstock/Starlight/Madaket partnership which purchased 24 head for $10,590,000. The powerhouse partnership buyers also included the BSW/Crow Colts Group which purchased 20 horses for $6,805,000.

Representatives from all three groups were out in force at the Keeneland barns ahead of Monday's first session.

“This sale has been very successful without Sheikh Mohammed the last couple of years and no Sheikh Hamdan last year,” O'Callaghan said. “The domestic buyers are very strong. I think it's given the high-end domestic buyers more confidence that they can buy these horses now. For years, I think they thought when they were bidding against the Maktoum families they had no chance. Since COVID, the domestic buyers have really stepped in and gotten in early and been great supporters of the sales. And then there are all the new buying groups–they've just been an absolute gift to the game. Whether it's the SF group or the Liz Crow group, Todd [Pletcher] last year, the way they are working it this year, they are working it very hard. All these guys are very committed–as they should be because racing is strong at the moment.”

Book 1 horses have had to deal with a perception problem in recent years with consignors seemingly happier to be a big fish in a Book 2 pond than overshadowed in Book 1. The Keeneland sales team has made a point of countering that image (Keeneland's Premier Book in Every Way).

“Keeneland has done a good job getting more people in early,” O'Callaghan said. “I think that ad they ran highlighting the success of the first 20 hips was a good ad and they need to sell that message. It's important that people can have confidence to bid on the early horses, because year after year, it's where the value is.”

The Keeneland September sale is often considered a bellwether for the marketplace as a whole and the auction comes in the midst of a series of strong yearling sales throughout the country, giving consignors the optimism that demand for horses will remain beyond the auction's opening books.

“The market has been really strong,” said Eastham. “I think it's been fair. I think horses are bringing what they are worth. We always worry about what happens when we go past these select horses but, just me as a consignor, the Iowa sale was up almost twice as much, the New Mexico sale and the Texas sale were up. I think that mid-market horse, we are going to be fine there. I think there is still going to be enthusiasm for that market.”

In an effort to create a festive atmosphere to the pavilion on sales days, Keeneland added live music, as well as passed hors d'oeuvres and cocktails a year ago. Those amenities, plus facility upgrades, will return this year.

“The success of September Sale graduates combined with the availability of quality yearlings at all price levels make the September Sale a can't-miss event for horsemen from around the world,” Lacy said. “This year, we are excited to share our latest capital improvements and facilities around the grounds–from renovated barns to the Saddling Paddock Chalet here for the Breeders' Cup World Championships–and we are continuing to elevate the September sale atmosphere with fun touches and elements that enhance the experience.”

The Keeneland September sale opens with Book 1 sessions on Monday and Tuesday beginning at 1 p.m., while Book 2 sessions on Wednesday and Thursday begin at 11 a.m. Following a dark day Friday, the auction resumes Saturday and continues through Sept. 24 with sessions beginning daily at 10 a.m.

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This Side Up: The Vital Quest for New Joy

Polite but perfunctory. That was pretty much the tone in which people tended to praise Kitten's Joy while he was with us, and I guess it should be no different now that he's gone. Even so, it strikes me that his loss has been inadequately lamented. Not just in his own right, as an avowed turf stallion who freakishly contrived two general sires' championships in North America; but also, virtually unremarked, as a final straw in what has over the past nine months become an outright catastrophe for the enlightened minority persevering with grass breeding in Kentucky.

Last November, the sustained challenge of English Channel to the primacy in this sphere of Kitten's Joy was unraveled by a sudden illness at 19. In March, Crestwood lost Get Stormy out of the blue at 16. And now we must bid farewell to the elder statesman himself, at 21.

 

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Given the grim commercial odds to be overcome by anyone attempting to launch a turf sire in Kentucky, this trio's departure represents a colossal test of the way many Americans talk a good game about populating an expanding turf program. Because when it comes to walking the walk, they have tended to head straight to the exit the moment a yearling with chlorophyll in its pedigree is led into a sale ring.

One breeder's existential challenge, admittedly, can be another's game-changing opportunity. There are some promising young stallions around with the potential to fill these intimidating vacancies. Karakontie (Jpn) has been getting black-type action at an auspicious percentage, and should kick on again once over a numerical bump in the road with his current sophomores. In fact, he has just had three stakes winners in three days, one becoming his first millionaire. Oscar Performance, meanwhile, has been launched with real panache by a farm making a welcome return to the stallion game, and is already making a mark with his early runners.Even as it was, however, we're already well accustomed to the American turf program being farmed by European imports, whether as horses in training or, increasingly, from the elite yearling sales. Both the Grade I prizes contested on grass over the past two weekends were harvested by Chad Brown with one of each model, Adhamo (Ire) (Intello {Ger}) being acquired as a French Group winner last fall and In Italian (GB) (Dubawi {Ire}) as a Book I yearling at Tattersalls.

But this kind of lopsided trade stores up trouble on both sides of the water. While a lucrative export market offers a crucial avenue to viability for European horsemen contesting inadequate prizemoney, it may ultimately contain the seeds of its own demise through the ongoing dilution of standards. And while purse money is plainly superior in the U.S., it surely can't supplant commercial breeding as the driver to sustainable investment. It's great that these imports can earn big on the racetrack, but they won't ever offer that home run in the breeding shed unless or until the Bluegrass changes its commercial perspective on turf blood.

Because right now you wouldn't give even a new Nasrullah (Ire) much of a prayer. We obviously wouldn't have had Bold Ruler or Nashua, and everything they have since entailed, if Kentucky breeders in the 1950s had been as insular in their outlook as their successors today.

The same farm that imported Nasrullah had, of course, already demonstrated the transferability of European turf blood through the likes of Blenheim (GB) and Princequillo (Ire). But if they could now bring even Frankel (GB) over the water, I wonder how low his fee would have to go before commercial breeders thought he would represent a feasible play.

I have regularly cited the same program's Flintshire (GB) as an especially flagrant example of the way things are today. Supplanted as Juddmonte's highest earner only by a member of the same family in Enable (GB) (Nathaniel {Ire}), he was nonetheless reduced to a final Kentucky book of eight mares before finally returning to Europe in despair. If Kitten's Joy and English Channel couldn't earn the indulgence of the market, with its inflexible prejudices on physique, then what chance did Flintshire ever have—even at a farm as far-sighted as Hill n' Dale?

It was John Sikura, of course, who gave Kitten's Joy a fresh Kentucky platform when his owners had become so incensed by commercial indifference that they very nearly put pen to paper to stand him in Europe instead. In the parallel world where that deal was done, however, it would have been instructive to see what kind of reception Kitten's Joy would have had over there. Even after finding a European champion in Book I of the 2016 September Sale for $160,000—and the tragedy of Roaring Lion only raises the stakes for Oscar Performance and others, in terms of their sire's legacy—David Redvers was still able to return to the same auction two years later and buy a G1 2,000 Guineas winner for barely half that price. European investors, it seemed, had learned little more respect for the horse than the local market.

Little wonder, then, if they remain still more unimaginative when it comes to the kind of dirt blood that has, historically, stimulated cyclical regeneration in the European gene pool. For another constant complaint of mine is that this has to be a two-way street, and this mutual schism will ultimately prove equally damaging to the Europeans.

As things stand, we must simply hope that the plucky few who remain more interested in fast horses than fast bucks—and, on any sustainable model, that must also mean horses competent to run hard and long—can respond to the crisis with exactly the kind of flair that already sets them apart. Those who did keep the faith with Kitten's Joy, English Channel and Get Stormy must now stick to their guns, and seek out their replacements.

They know where to look, after all. The farm that grieved Get Stormy, for instance, perseveres stubbornly with the same brand: teak-tough runners and/or aristocratic pedigrees. Nor must we neglect the potential contribution of stallions that might, in this perverse environment, have their commercial credibility damaged if unduly promoted as equally effective influences on turf, such as American Pharoah, Not This Time, Twirling Candy or Blame.

But on the weekend when Zandon attempts to renew the fleeting impression he made on the home turn in the Derby, in a compelling race for the GII Jim Dandy S., it would be remiss not to finish with a nod to the farm that may have marked its 50th anniversary with the emergence of a new Indian Charlie or Harlan's Holiday in his sire Upstart.

Because Airdrie's fidelity to the kind of genetic resources most urgently required by the modern Thoroughbred gives breeders of sufficient vision a chance to roll the dice on a son of Kitten's Joy receiving precious little oxygen even in this suffocated division. Divisidero won graded stakes across five consecutive seasons, accumulating 13 triple-digit Beyers, and was denied his third Grade I in the Breeders' Cup Mile by barely half a length. Critically, moreover, the four mares in his dam's third generation are (drum roll, please): Miesque, Lassie Dear, Height Of Fashion (Fr) and a daughter of Cosmah. Not too many Thoroughbreds could better that, anywhere in the world.

True, his studmate Preservationist comes extremely close, with Natalma, Weekend Surprise and Too Chic. Down the shedrow, meanwhile, Cairo Prince is proving quite a flexible influence, in terms of surface, while Airdrie is also showcasing a son of War Front—the one patriarch of our time to have maintained elite stature at the sales despite an aptitude for turf.

Obviously War Front now has a luminous new dirt prospect starting out elsewhere, in Omaha Beach, but attractive channels for his versatility include not just Summer Front at Airdrie, but War of Will alongside his sire at Claiborne—who, promisingly, were pushed to their absolute limit in his debut book.

War Front's own traffic is naturally being managed more conservatively than ever, as he enters the evening of his career. He has long been beyond the reach of most breeders anyway, but remember that he only owes his credibility in Europe to opportunity (thanks largely to John Magnier). And that's the one thing—opportunity—breeders need to be brave enough to give some of these young turf stallions now.

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Taking Stock: Justify Moving Early

Coolmore America's Triple Crown winner Justify, a son of Scat Daddy, never raced at two, and he famously became the first unraced 2-year-old since Apollo in 1882 to win the Gl Kentucky Derby.

Midway through July, however, Justify is already represented by a Group 2 winner in Europe and a Grade III winner in North America from his first crop of 2-year-olds, and through Monday he sat second by less than $30,000 on the first-crop sire list by progeny earnings behind Spendthrift's Bolt d'Oro (Medaglia d'Oro), a rival he defeated by three lengths in the Gl Santa Anita Derby. So far, he leads all freshman sires by black-type winners, black-type horses (three), and graded winners–a quick start at stud for a physically massive and late-starting horse who got 12 furlongs with ease in an undefeated, but compressed six-start career that lasted a brief four months, from February to June at age three.

Despite size, a late track debut and the ability to run as far as 3-year-olds are asked to go on dirt in North American Grade l races, Justify had exceptional balance and speed, his trainer Bob Baffert said by phone Monday morning between a training break. “He was a big, powerful horse–he looked like a giant Quarter Horse is what he looked like. A big, beautiful, massive, balanced horse. As big as he was, he was so light on his feet. He didn't hit the ground hard at all. He just floated over this track.”

Baffert said he didn't get Justify until after the Breeders' Cup, which is why the big chestnut didn't race at two. He'd been purchased for $500,000 at Keeneland September by WinStar, China Horse Club and SF Bloodstock. According to a report in New York Times, the colt had surgery on a stifle before he was sent to Baffert. “When I got him, he was a sound horse,” Baffert said. “My assistant Mike Marlow, who had him at Los Alamitos, kept telling me he had a really good one down there named Justify, by Scat Daddy.”

In comparing Justify to Triple Crown winner American Pharoah (Pioneerof the Nile) and champion Arrogate (Unbridled's Song), three of his best, Baffert said: “Pharoah's mechanics were extraordinary, the way he would move and the way he would work. Let's say Pharoah maybe had more speed, you know, quicker, but the thing about Pharoah and Justify, on Breeders' Cup, they could have won the Sprint, the Mile and the Classic. That's how good they were. Arrogate, he could have won only the Breeders' Cup Classic. That's the kind of horses they were. And Arrogate going a mile and a quarter, he was a beast of a horse. But Pharoah and Justify, they did things effortlessly.”

Bred by John D. Gunther, Justify is out of Stage Magic, a daughter of champion Ghostzapper–another brilliantly fast racehorse who could have won the Gl BC Sprint and Gl BC Dirt Mile in addition to the Gl BC Classic that he did win, keeping to Baffert's analogy. As it was, Ghostzapper won the Gl Vosburgh at 6 1/2 furlongs and the Gl Metropolitan H at a mile.

Ghostzapper, however, wasn't precocious, making only two starts at two, in November and December at that. Neither was Stage Magic, who won her first race at three, in September.

In contrast, Justify's male line–the sequence Scat Daddy/Johannesburg/Hennessy/Storm Cat/Storm Bid–is noted for early maturity and speed, with each horse named a Grade l/Group 1 winner at two. Each horse in this line except for Storm Cat also stood at Ashford (Coolmore America), and Coolmore has collected some of Scat Daddy's best sons because of its belief in the sire line. In addition to Justify, Coolmore stands Mendelssohn, who recently had his first winners, and Caravaggio, whose oldest foals are three, at Ashford, and it has No Nay Never, who stood for €125,000 this spring, and Sioux Nation, with first-crop juveniles, in Ireland. All five were winners at the highest level. Additionally, Coolmore also stands Group l winner Ten Sovereigns (Ire) (No Nay Never) and Group 2 winner Arizona (Ire) (No Nay Never) in Ireland.

From this group, No Nay Never, a champion first-season sire like Scat Daddy, and Caravaggio, who had 26 winners from his first crop of juveniles last year, have already emerged as sires of early maturing speed horses, and just last week each was represented by a Group l winner: Alcohol Free (Ire), first in the Darley July Cup S., for the former; and Tenebrism, winner of the Prix Jean Prat, for the latter. Meanwhile, Sioux Nation has 17 first-crop 2-year-old winners so far. Throw Justify's two group/graded winners into the mix and this is quite a collective showing for Coolmore's young sons of Scat Daddy, who died prematurely at age 11 in 2015, but not before getting some talented sons who appear to have the ability to carry his name forward in tail-male.

Justify's Group/Graded Winners

Both Coolmore and Baffert have played a part in Justify's early success. The filly Statuette, who won the G2 Airlie Stud S. at the Curragh June 26, is a homebred for the Coolmore partners and Merriebelle Stable. Her dam, Immortal Verse (Ire), by Pivotal (GB), was a multiple Group 1-winning miler who once defeated Goldikova (Ire), and she made headlines when selling for the equivalent of $8 million at Tattersalls December in 2013. Before Statuette, she produced the previously mentioned Tenebrism, who's trained like Statuette by Aidan O'Brien for the same ownership and was also a Group 1 winner at two last year.

If not for a matter of a day, Baffert would be the breeder of Just Cindy, winner of the Glll Schuylerville at Saratoga last Thursday for owner/breeder Fred Mitchell's Clarkland Farm and trainer Eddie Kenneally.

Baffert purchased the filly's dam, Jenda's Agenda, a stakes winner of $173,475 by Proud Citizen, for $90,000 at Keeneland November in 2018 to use for one of his breeding rights.

“I'm always looking for mares to breed because I have those stallions,” Baffert said. “I had Donato [Lanni] look at her. He said she was on the small side, but she looks good. I saw a picture of her. She was a good race mare that was all speed going a mile, so I bought her.”

Baffert had her covered by Justify in early 2019 and shipped her to California, where he wanted to foal her in the state-bred program.

“Come December, I thought, 'You know what, what am I doing?' I put her in Keeneland January and sent her to Kentucky and figured she has to bring $300,000. She just didn't get any action,” Baffert said.

The mare was a $325,000 RNA for consignor John Sikura's Hill 'n' Dale.

“Then, Boyd Browning of Fasig-Tipton says, 'I can sell that mare for you.'”

Baffert entered the mare in the Fasig-Tipton February sale Feb. 10-11 that year.

“Then, Johnny Sikura calls me up and says, 'Bob, I can't take the mare over there. She's all bagged up, waxed up and she's gonna drop. You don't want her to foal in the sale ring. You're gonna have to take her out [of the sale].' I said, 'Alright, I'll take her out.' Then, on the second day of the sale, I get a call from Fred Mitchell. He goes to John's barn and says, 'Where's that mare?' I told him I took her out of the sale because she's probably going to foal tomorrow. He asked me what I wanted for her, and I told him, and he said okay,” said Baffert. “I bought the mare sight unseen and Fred brought the mare sight unseen, and we did the deal on a handshake, very rare these days. Fred Mitchell knows good horses and he raises them right.”

The mare foaled Just Cindy Feb. 12, and she became her sire's first graded winner in North America and his first on dirt, with Mitchell's Clarkland the official breeder of record.

That's quite the story.

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

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Charlatan’s First Mare Pronounced in Foal

Inventive, a multiple graded stakes-producing mare, has been pronounced in foal to Charlatan. By Dixie Union, Inventive is the dam of GI Del Mar Futurity winner Klimt.

“It's only fitting that Charlatan's first in foal mare is the dam of a Grade I winner. The mare has a wonderful pedigree, hailing from the family of GI Test S. winner Fara's Team, the dam of Breeders' Cup Classic winner Concern. She is representative of the quality book Charlatan has attracted,” said John G. Sikura, President of Hill 'n' Dale at Xalapa.

Charlatan, by Speightstown, is a multiple Grade I winner with career earnings of over $4,000,000. He stands his first season at stud at Hill 'n' Dale for a $50,000 fee.

The mare, Inventive, is owned by Chris Baccari's Seclusive Farm.

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