Stable Recovery Spring Meet Gala Saturday

Stable Recovery will hold its second annual Spring Meet Gala Saturday at Fasig-Tipton's Newtown Paddocks in Lexington. The event kicks off at 6 p.m. with a mocktail hour and will offer men in the substance abuse recovery program the chance to share their transformative stories.

The evening will also include numerous items in live and silent auctions, including a Knicks Go package, a Not This Time halter, horseshoes from Medina Spirit and Arabian Knight, and a California Chrome saddle towel. Bidding on silent auction items begins Wednesday. For more information, click here.

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De Meric’s Odyssey Brings Him ‘Home’ To Horses

The island is still there, nearly 50 years later, which would have surprised Nick de Meric at the time. He'd have assumed that there could be nothing left by now.

“Because they were basically mining it off the map,” he recalls. “It was made of iron ore. So they had these massive Euclid trucks, wheels high as a building. And all these men on shift work, living in long huts. Not quite a prison environment, but it was all-male, tropical heat, nothing to do but drink beer and play cards. A lot of these guys would have a cooler beside them while driving these huge trucks on night shift. So there were accidents. Some that drove over cliffs. Most of them, if they weren't already, were on the way to becoming alcoholics. Either running away from bad marriages, or from the law. They all had a story.”

This young Englishman was still in the early chapters of his own tale, one that would eventually bring him into our community as one of the most respected horsemen in Ocala. Back then, however, the Australian toughs working Koolan Island (next stop Indonesia) must have found him an object of some curiosity.

How did he get here? Well, horses had already long captured his imagination. Back in England, he'd shown ponies as a boy, moved onto eventing and steeplechasing, worked in racing yards. He'd passed up a university place to read English and Philosophy to make a first trip to Australia, working on a cattle ranch; went home to dabble in journalism; then a stint in agricultural college. At one point he exercised horses over the ancient gallops of Salisbury Plain for one of the great throwbacks of the English Turf. As somewhat of “a rebel and a wanderer,” however, de Meric was soon resuming his travels, returning Down Under to work a couple of years under Tommy Smith.

“A great trainer,” de Meric recalls. “Very much in the Woody Stephens, Jack Van Berg school. He would chew a few of them up, but when he found a good one, nothing was too good for them. And there were some great horses in the stable at the time. So that was a really good education.”

But the routine was numbing: up at 3 a.m., all the usual chores but also hours at the walk, riding and leading, round city blocks, in the mornings and then bareback in the afternoons. Or vanning over to Mascot Bay to swim them–behind a rowing boat.

“So picture this,” de Meric says. “Your legs are over the back of the boat and you've a shank in your hand, and there's a guy behind you rowing. A lot of horses, the first time they swim, they say, 'I'm not going in there. I'm not going there. Okay, I'm going.' And they practically get in the boat with you.

“One time a filly got loose and disappeared into the mangrove swamps. They found her two weeks later, standing there with her head down, covered in crab bites and sores. Dehydrated, but alive. And actually I think she was able to race again.”

Next de Meric bought an old car and drove up the coast with a pal. “We followed this little road through the rainforest, and it opened up onto a massive beach, just miles and miles of sand,” he recalls. “And we were like, 'Yee-hah!' And we're doing 'donuts' over the sand. Well, guess what? The car gets slower and slower, until eventually it sinks up to the hubcaps. And then suddenly that huge beach starts to get smaller and smaller, as the tide came in. I remember standing on the roof of the car, saying, 'We need to get our s*** out of here.' So we threw what we could into a backpack, waded ashore, and hitchhiked the rest of the way to Cairns.”

After staying there for a few months, de Meric traveled down to Perth where he was hired to work on Koolan Island, climbing giddy poles with a line-belt and handing kit to the electricians working on the power cables. But none of these hard-drinking men around him seemed to notice that they were surrounded by a dazzling marine environment. The one exception was a chef from New Zealand.

Courtesy Nick de Meric

“So we found this old catamaran, and spent three months fixing it up,” de Meric explains. “What was cool is that everybody on the island got a bit interested in what we were doing. So on night shift, the welders would make us a little bracket for the motor, the mechanics overhauled the motor, the carpenters helped fabricate new rudders. And then we took off, up the coast. Our grand plan was to cross the Timor Sea and island hop up the Indonesian chain to Thailand.”

At the time, it wasn't even charted: just countless little islands and reefs, with 35-foot tides rushing in between and 20-knot currents. They put in at a tiny settlement on stilts, where Japanese merchants hired Thursday Islanders to dive for pearls. Three days out from this last outpost of civilization, they anchored off one of these tiny islands.

“And in the middle of the night we got hit by what they call a cockeyed bob, like a mini-hurricane,” de Meric says. “We fought this thing for three hours and finally drove the boat onto the reef. And when the tide went out, here we are high and dry. It's the right way up, but it's got holes all through the bottom.”

At least they had plenty to salvage: rice, flour, firearms, fishing tackle, not to mention plenty of wine and whiskey. They dragged it all up the beach, made a tent fly of the sail, and made camp. His buddy, remember, was a chef. So that was something, and they fished every night. When sharks started hauling off fish and fishing tackle combined, they switched to a meat hook and caught shark instead.

De Meric's island 'home' | Courtesy Nick de Meric

“Just barely edible, but Graham was good,” de Meric recalls. “The problem we did have was water. There was no fresh water, and our supply was diminishing. We made a bunch of solar distilleries: you make a little depression in the ground, fill it with leaves and brush, put a garbage bag over the top with a pebble in it and a cup underneath. And you get condensation and it drips. But that was nothing like enough.”

They had a radio, but the distances were hopeless. In certain conditions they could get onto the “Skip” frequency but only managed to raise a taxi driver somewhere in Japan. There was nothing else for it: de Meric would try to row the catamaran's dinghy back through the three days' sail to the pearl-diving hamlet. He'd go from island to island, riding each tide, resting in between. But if he could get there, then he could organize Graham's rescue as well.

The initial leg went to plan: de Meric made it to the first island, rested, then took off with the tide for the next one. But half a mile or so out, the tide turned and started rushing him back the way he came. “A depressing moment,” he says wryly.

So he must have thought he was more or less done for?

“We were kind of thinking that before I left, actually,” de Meric admits. “Leaving Graham behind was a very hard thing to do. But he was a chef and I was the seaman, son of a naval officer. Anyway there I am, scanning the horizon, and suddenly I glimpse this little bow wave just caught by the sunset. We hadn't seen a vessel of any description in 13 days out there. So I'm standing up in the dinghy, waving my arms, yelling, but it just keep going. And then, miraculously, it turns round and this boat is coming towards me.”

It turned out to be Australian coastguards, exceptionally patrolling that remote stretch because “Boat People,” as Vietnamese refugees of the time were known, had been washing up along there. They hadn't seen him, of course, but picked up a ping on the radar–and only because the dinghy was aluminum. Otherwise, well, maybe two piles of bones on two different islets might yet remain undiscovered. And nor would dozens of stakes and graded stakes winners (including a Horse of the Year) have benefited from de Meric's eventual discovery, after all these peregrinations, of a vocation that could keep him settled in one place.

And how did that happen? Usual story: Cherchez la femme! Next time he went traveling, de Meric tried the States, got a job with Lee Eaton. Met a girl on Eaton's fall yearling crew of 1981; independently they both got hired by the same Louisiana farm to prep yearlings for the 2-year-old sales; and wound up in the same staff house. “Rancho Malaria, we called it affectionately,” de Meric says. “It was right by the bayou.”

Here, they yielded to two lasting enchantments: one professional, one personal. The first yearling they pinhooked together, a filly by Nearly on Time, cost $15,000: de Meric himself had scraped together five grand, and his parents and then his uncle put in the same. Nick and Jaqui would come home from their work as freelance gallopers, and tend their filly with manic attention. They cooked bran mash on the kitchen stove and rushed it over to her hot. She made $30,000 at OBS March in 1983, and that summer they married.

“Although that may seem a paltry profit, today, at the time it felt like we'd won the lottery,” de Meric recalls. “If that filly had sold for $3,500, or gone lame, my life could have been very different. But the fact that we were able to show even a modest profit inspired us to keep going, to see whether we could make a career of this.”

So they leased a plot outside Ocala, found a couple of believers to send them a horse or two: Moreton Binn, Gerry Nielsen. Then they bought a first, 40-acre parcel, and expanded in gradual accretions until acquiring the 230 acres in 1997 that became the Eclipse Training Center.

“It had been let go, was a bit run down, but basically a really nice piece of land, with a really good track,” de Meric recalls. “So we spent time fixing it up, built two more barns, leased out some stalls. That allowed us enough cashflow to pay the mortgage, until I got rid of that about eight or nine years later, by selling some adjacent tracts with track rights.”

With Tristan at OBS | Photos By Z

They had started their own program even as the 2-year-old game was itself still in its infancy. In fact, de Meric reckons that Ocala Stud must be the only outfit then selling juveniles that's still doing so today. The changes in this sector, after all, have been wild.

“And I think that's why there's been quite a high attrition rate, among those of us playing that game,” de Meric says. “Because if you don't adapt to the changing mores of buyers, and the changing dynamics of the market, you're left behind. Yes, some aspects of the business have maybe evolved in a slightly unhealthy direction. But you either quit playing, or you play by the new rules in order to survive.

“We used to 'two-minute lick' them in pairs, on the bridle. Bow neck, nice strong gallop down the lane, eyeball-to-eyeball, make them look good. And we'd average somewhere between 30 and 70 percent on our money. Never hit one out of the park, but made a decent living. And then Luke McKathan started breezing his horses singly. He was a pioneer in his own way, and very good at what he did. He had this little quarter horse rider that could make them go fast, would whip them all the way down the lane. And then one could hear Luke in the barn saying, 'Yeah, did it real easy.' That was before videos, electronic timers, any of that!”

Nowadays, of course, time is money with these bullet breezers. But surely the old ways sufficed for the better horsemen, who didn't need the crutch of the stopwatch?

“Well, people were quite good at covering up a mediocre horse!” de Meric cautions with a smile. “But yes, the better horsemen could certainly identify the better horses, and plenty of good ones came out of those sales. But it gradually became apparent that you were putting a cap on your upside, doing it the way we were. So, little by little, I started out breezing in pairs and then singly.”

In the process Darrin Miller, who now operates a public stable, proved a real asset. “Riding a horse, he was a master at making it look like he had three more gears, when in fact he was all out,” de Meric says. “One isn't completely comfortable with every facet of the way it has evolved, with speed becoming more and more the thing. But my feeling is that there's a lot you can do to make it easier on your horses.”

And apart from anything else, that starts with selecting the right stock. “We're quite conservative, by comparison to some of our peers,” de Meric says. “But our horses usually show up when it's time to push the button. We aren't famous for bullet works. We don't complain if we get one, but we never demand them. We focus on good movers, and if they're a tick slower than some, that hasn't really hurt us that badly. We just shop carefully and, when we get them home, treat them the best we possibly can.”

A cornerstone of which philosophy is a “resistance-free” education. In fact, de Meric dislikes the very word “breaking,” with its connotations of confrontation. The celebrated Idaho horseman Martin Black worked with their program for three seasons, teaching his methods, and Jaqui has become especially adept at tutoring the young horses.

But while they duly prioritize mentality, physique remains central to their shortlisting.

“I think that's what we start with because, to be honest, everything else follows,” de Meric reasons. “We're looking for horses with a little more to come, but also for that element of precocity. And we like to see that in the pedigree also. But, yes: athletic, balanced, good-moving individuals. If they're athletes, first and foremost, then we'll handicap pedigree and value.”

And how hard is it to gauge competence for such a specific role, if you only get a fleeting glimpse of these yearlings glossed for the sale ring?

“Well, there's an element of guesswork, and also an element of judgment based on experience,” de Meric says. “You're watching for little clues. I got past the point where I look for what you might call 'projects,' or 'fixer-uppers.' Some people make a good living doing that. But I'm looking for horses that will appeal to higher-end buyers, if possible.”

Which is another reason why a horse needs to do more than merely flash precocity. It was this program, remember, that honed Knicks Go. In fact, de Meric says that it was at his urging that the KRA, who had five in the sale, changed their minds and retained the future Horse of the Year to race. He wasn't fashionably bred, of course, nor very big–but he had shown de Meric unusual grit.

Knicks Go at Taylor Made | Sarah Andrew

“We're asking them to do a lot,” de Meric remarks. “These days, as we've said, people want to see these horses work fast. But they also want horses that will possibly have Classic potential, train on as 3- and 4-year-olds. So they need to have it all, and to vet well at the end of it. When you actually stop and add it all up, you think, 'What the heck are we doing? This is madness.' Because the odds are stacked against you from the minute you set foot on the sales ground. But it's what we do. It's the bed we've made. And it's been good to us over the years.”

As you can read in tomorrow's TDN, in de Meric's contribution to our “Succession” series, he's as proud of the parallel program developed by his son Tristan (and daughter-in-law Valerie) as he is concerned by the kind of future that may await the next generation. The way things are going for our sport's reputation in Main Street, it must almost feel like watching that bow wave diminishing into the sunset, all those years ago. But maybe this boat can also turn round.

“There's a lot of momentum in the wrong direction right now,” de Meric acknowledges. “We keep running into these unexpected headwinds, into challenge after challenge. As a generation, I don't think we've done a spectacular job as stewards of our sport. At the same time, I feel we have to stay positive.

“There's enough of us, collectively, that are passionate about this game, that would almost die rather than see it go under. People talk about greyhounds, about harness racing. Ours is a different world. When it gets under your skin, there's no fighting it. That's why billionaires become millionaires playing this game. Because there's no feeling like it.

“It's all those lows that make the highs even more exciting. It doesn't matter if you're racing, pinhooking, breeding, selling: those highs, it's a euphoric feeling. I think all of us, by definition, tend not to be the kind who like the middle ground. Because this is not that kind of business. It's a rollercoaster. And it's not for the faint of heart. When it's good, it's great; and when it sucks, it really sucks. But at the end of the day, we're working with the animals we love. And in that we are truly blessed.”

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Knicks Go Yearling Brings Moore Full Circle at Keeneland January

Sabrina Moore's GreenMount Farm will offer its final consignment during next week's Keeneland January Horses of All Ages Sale and, fittingly, the consignment's three offerings kick off with a short yearling from the first crop of the champion who put the Maryland farm on the map, Knicks Go.

“It's a little bittersweet that this is going to be my last consignment,” Moore admitted. “But it will kind of come full circle, hopefully.”

Moore and her mother Angie co-bred Knicks Go and sold the son of the late Paynter for $40,000 as a weanling at the 2016 Keeneland November sale. He sold to the Korea Racing Authority for $87,000 at the following year's Keeneland September sale.

Knicks Go went on to win five Grade I races, including the 2021 GI Breeders' Cup Classic, GI Pegasus World Cup Invitational, and GI Whitney S., as well as the 2018 GI Claiborne Breeders' Futurity and the 2020 GI Breeders' Cup Dirt Mile. The gray was named Horse of the Year and champion older male in 2021 and retired to Taylor Made Farm the following year.

Knicks Go had 18 weanlings sell last November for an average of $64,611 and a high of $220,000. With the turning of the year, the stallion's first yearlings sell at Keeneland next week and Moore's GreenMount will offer the first of the group as hip 69 during the auction's first session Monday.

“He has this tenacious attitude,” Moore said when asked if she saw similarities between the yearling and his famous father. “He is a little hard-headed, but in the best way possible. He definitely has his own opinions and he is a very confident colt. I foaled him at my farm [in Maryland] and he came out brown and I thought, 'oh no!' I just had this dream in my head that I would get this little gray Knicks Go baby. But other than that, body style, they are pretty similar. He is a stout individual and he carries good body.”

After foaling the colt in Maryland, Moore picked up roots and moved to Kentucky last fall.

“We moved him down here and I can't believe how much he's progressed in the last two months,” Moore said. “He is really coming on. If a pinhooker picks him up, I think they will be thrilled with him in the next few months. He is really headed in the right direction.”

Of her move to Kentucky, Moore admitted it was a transition that just made sense.

“It had been on my radar the last few years,” Moore said. “I bred a really nice horse, but at the end of the day, that didn't get me far, at least financially. The Maryland circuit was really struggling and I had a lot of clients who were really struggling. It felt like it was going in a direction that I didn't think was going to benefit me long term. So I just had to try to think about my future and where I wanted to be. And owning a farm in a regional market was just not going to do it.”

The decision to make the move to Kentucky was made easier when some Maryland clients, Steve and Denise Smith, encouraged her to join them as their farm manager.

“They just bought a really nice farm,” Moore said. “It's the old Fort Blackburn Farm on Old Frankfurt Pike. They were looking for a manager and I was looking for a job. We've had this relationship for a long time, so I was really comfortable. I was scared to come down here and get lost in the mix, but it's been a really smooth transition. It's been great.”

Now renamed Mesingw Farm, the operation is home to some 40 horses, as well as a racing stable of some 20 horses in training. Among the stable, the Smiths are co-owners of graded stakes winner Danse Macabre (Army Mule), who is trained by Kelsey Danner.

“[Smith] is getting close to retiring and this is his passion and he's always had his eye on doing this,” Moore said. “They aim to keep the fillies and sell the colts. But if they bring them through the ring and it's not what he wants, then he will race them, too. He is aiming to try to build a really nice broodmare band.”

As for Moore, she's settling into a more relaxed way of life.

“I thought I wanted an office job for a while–I didn't realize how much I would miss working with horses,” Moore said. “I was so burned out. It was so hard to find help in Maryland. I had 50 horses for the last year and a half and it was me and one other girl and sometimes another part-time person. It was unrealistic and exhausting.”

Of her final GreenMount consignment, Moore said, “I will miss it, but I am a little relieved to be done with it and to focus on my current job right now full force. And go on from there.”

Moore retained one broodmare, a half-sister to Knicks Go, and she is looking forward to seeing what the champion's first offspring can do on the racetrack.

“They are falling into the hands of a lot of really nice professionals,” she said of the stallion's first crop. “It will be really exciting to watch them develop and hopefully they go on and do big things.”

The Keeneland January sale will be held next Monday through Thursday with sessions beginning each day at 10 a.m.

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Value Sires For 2024, Part 4: Into The Teens

Today we'll consider some of the sires standing between $10,001 and $19,999. For a long time, I called this the Lookin At Lucky zone. But don't worry, we won't be deploring his neglect yet again: he's staying in Chile, where they evidently appreciate him rather more.

Plenty of horses in this bracket have recently relinquished their brief window of commercial opportunity, and are now hanging around to discover whether they might join the very small group whose first runners generate a fresh vogue. Even with the newcomers out of the equation–we gave them a separate assessment, to open the series–we're left with three groups still untested on the track: those expecting their first foals; those who have just sold their first weanlings; and those actually about to dip a toe in the water with their first runners.

Pending that crossroads, many find themselves somewhat adrift against a bunch of older sires who have survived that test. These fit this tier either because they are losing stature or, more cheerfully, because they have carved out a viable niche as an affordable source of winners.

First the young guns. Of those who sent their first yearlings to auction this year, the ones who really nailed it, unsurprisingly, vaunted the kind of speed that pinhookers crave.

VOLATILE burned brightly in a light career, not seen again after confirming his Grade I caliber against a small but select field in the Vanderbilt. His 112 Beyer in the Aristides S. (1:07.57) was the highest of 2020 and duly secured 181 mares the following spring. Himself an $850,000 yearling, with a GI Test/GI Ballerina winner as granddam, his $125,431 average was boosted by a spectacular $1.15 million docket for a Book 1 filly at Keeneland in September. Nudged back up to $15,000 (from $12,500), Volatile has three hefty books behind him and will be the horse to beat for the freshman title next year.

But not even his median yield of 4.3 on his opening fee ($75,000/ $17,500) could match that of COMPLEXITY, whose $65,000 median (never mind his average $90,400!) multiplied his $12,500 fee by 5.2. Complexity started with some serious volume by the restrained standards of his farm, and then followed through with another three-figure book in his second season. He was clearly in the same vicinity as Volatile as a mature horse (110 Beyer in the GII Kelso) but was the more accomplished juvenile, wiring a Saratoga maiden (90 Beyer) before a decisive success in the GI Champagne S. on his second start. His half-sister ran second in the GI Breeders' Cup Juvenile Fillies, so their unraced dam is obviously channelling the good stuff.

VEKOMA is meanwhile working the Spendthrift system with remarkable efficiency, having started out (at $20,000) with staggering volume, entertaining at least 200 mares in each of his first three seasons. This year he processed 102 of his first yearlings at $98,432, albeit was unsurprisingly stretched somewhat thinner by a median of $60,000. Though confined to eight starts across three seasons, he was class from beginning to end, posting big numbers for his Grade I double in the Carter and Met Mile. From a stallion-producing family, he's a horse I've liked all the way through and everything is in place for him to look after many (albeit probably not all!) of his (very many!) clients at $15,000.

Knicks Go | Sarah Andrew

Among those in this intake offering rather more stretch, one or two suffered horrible yearling medians relative to conception fee. But one who made a solid start off $12,500 was Bolt d'Oro's half-brother GLOBAL CAMPAIGN: 74 yearlings sold at $63,195 (median $43,500). This was a more talented animal than generally appreciated and I can see him proving himself a bargain gateway to Curlin. A closer look at his family shows that it tends to produce faster types than are associated with the seeding sires, and Global Campaign's first crop of 126 live foals may surprise a few people with their dash.

Of those who sold their first weanlings this fall, meanwhile, the one that will sort out the sheep and the goats is KNICKS GO. No questioning his talent, it was just never quite obvious where it all came from–albeit his dam maintained stakes speed through four seasons. Those who didn't require a more familiar pedigree were delighted to see a Horse of the Year introduced at just $30,000. Well, now they can get him for half that, even though he's still nearly 18 months away from the opportunity to demonstrate whether or not he can replicate his brilliance! At this money, some people will surely want to roll the dice.

Even as it is, his weanlings sold a little better than those of SILVER STATE. But it's very early days for the latter, whose pedigree in contrast elucidates all the class he manifested as a runner. A friendly clip to $15,000 should hopefully keep him in the game because this horse equipped to prove a really wholesome influence.

The subsequent intake features some truly frightening books, but I will resist dwelling on that here. Suffice to say that those playing a longer game might quite like a filly by either SPEAKER'S CORNER or MYSTIC GUIDE. Both have taken an early trim at Darley, respectively to $17,500 and $12,500, and their pedigrees shout distaff influence.

We'll have to see how many of the youngsters will endure even in this relatively modest tier, a few years from now. Nor does a flying start bring any guarantees, as UNION RAGS could caution them. The halving of his fee to $15,000 acknowledges the way he has faltered, having stood at $60,000 between 2018 and 2020. Trade for his latest yearlings made this further cut imperative, but he's still the same horse that so quickly came up with five Grade I winners. Hopefully he will find a little oxygen now that he has descended to more accessible altitudes.

Studmate DAREDEVIL has taken his second cut since returning to the U.S., now down to $15,000, but of course it's only in 2024 that we'll get to assess the first juveniles conceived after Swiss Skydiver prompted his urgent repatriation. Their sales performance demanded a mild trim in fee, but he could easily be poised for fresh momentum.

MENDELSSOHN has also taken consecutive cuts, similarly now available at $15,000. He has so far been more about quantity than quality but his supporters will hope that he can still emulate four others, standing at the same fee, who have all done admirably to create a lasting foothold in this most slippery of markets.

The first of these, DIALED IN, is something of a blue-collar hero. He maintains such high volume–corralled 175 mares last spring, his 10th at stud–that it will always be hard, with the raw materials available at this level, to make his ratios “sing”. But Defunded has once again shown the caliber within his competence as his third elite scorer. Dialed In gets his work done at a fair tariff, and will keep plugging away to leave behind many of those now starting at multiples of his fee.

Cairo Prince | Sarah Andrew

CAIRO PRINCE has also created a sustainable brand for himself through six crops, as attested by a solid book of 129 mares last spring. A set-your-clock black-type producer throughout, he's now entering the territory where he can legitimately prove a mare–and of course he gets such a nice type, the average ($54,194) and median ($40,000) of his latest yearlings duly best among this proven quartet.

MIDSHIPMAN is a true yeoman and it's typical of this business that he should have had a quieter year (by his very special standards) both on the track and in the sales ring after finally doubling his fee to $20,000 last year–due recognition for having punched above weight for so long. His lifetime stats remain ridiculous for a stallion who has largely been a four-figure cover: 47 stakes winners at 6.4 percent of named foals, nine at graded stakes level; and 101 black-type performers overall, at 13.7 percent. The trim back to $15,000 brings him back towards the reach of breeders who most appreciate just what he can do for their mares.

KANTHAROS, who has really pulled himself up by his bootstraps, had another very solid year on the track. He has made the same slip in fee, reflecting a tepid book of mares last spring and a challenging yield on yearlings conceived at $30,000. But that was an experience shared by many sires exposed to a porous middle market, and the fact is that Kantharos lurks only just outside the top 10 in the 2023 general sires' list with a dozen stakes winners, including a couple at graded level. His lifetime ratio of stakes runners–11 percent of named foals–remains outstanding for a horse whose first five books were compiled in Florida at just $5,000.

He sired two Grade I winners at that fee, and now has another millionaire in Grade II winner Bay Storm. The first of his two $30,000 books were juveniles this year, and we know how they will keep thriving. That guarantees Kantharos imminently entry into the top 20 active sires on lifetime earnings. All he needs to do is supplant… Lookin At Lucky!

VALUE PODIUM

Bronze Medal: CONNECT
Curlin–Bullville Belle (Holy Bull)
Lane's End $15,000

Connect | Sarah Andrew

Amid all this talk about stud fees being too high, credit is overdue to Lane's End for anticipating the mood in the room. From Flightline down, the farm made 11 cuts across their 2024 roster. All were meaningful, and some nearly brutal, effectively conceding that one or two stallions were drifting into trouble and needed some decisive help. Bravo! The very opposite of burying your head in the sand, and in the present environment I hope it works out both for the farm and its clients.

One stallion who can certainly benefit is Connect, restored from $25,000 to his 2021 fee of $15,000 after the crop conceived that year returned a tepid median (albeit a perfectly acceptable $45,774 average) at the yearling sales. He'd also suffered a real slump in his book last spring, down to 45 from 172 in 2022! But we're accustomed to seeing horses treated like this, once they have served their commercial purpose, and should sooner marvel at the impression he must have made with his first crop to get such a big book (up from 93 in 2021) in his fifth year at stud.

Sure enough, only Gun Runner and Practical Joke banked more prizemoney as freshmen in 2021, and only Gun Runner had more winners. Unfortunately Connect did not then consolidate especially well, but he has made a timely return to form this year with eight stakes winners, three at graded level, plus a GI Kentucky Oaks third in The Alys Look. Moreover, his first-crop flagship, the juvenile Grade I winner Rattle N Roll, failed by just half a length to add another elite score in the GI Stephen Foster S. That horse was a $55,000 weanling but has now banked $1.7 million across three seasons.

Connect's pedigree is not without its challenges but he's another to bring Curlin within range and had real prowess as a racehorse, a blip in the Travers his only defeat in seven starts (four triple-digit Beyers) up the grades after debut. He outkicked none other than Gun Runner in the GII Pennsylvania Derby and, while he won't be doing that again any time soon, he's actually siring winners at a higher percentage of named foals.

With that bumper crop of weanlings in the pipeline, and now a lenient fee, this looks a good time to re-Connect.

Silver Medal: KARAKONTIE (Jpn)
Bernstein–Sun Is Up (Jpn) (Sunday Silence)
Gainesway $15,000

Karakontie | Sarah Andrew

How pleasing to see this undervalued stallion moving his book back up last year, up to 86 from 48. Perhaps his hour has come at last, now that the minority prepared to breed to a quality turf sire in the Bluegrass have been deprived of English Channel and Kitten's Joy.

If you're enlightened enough to see the growing need for turf quality in the U.S., then you might also recognize that you don't always have to fly first class to Tattersalls. With a fifth crop on the track, Karakontie has still only had 174 starters, but seven have won graded stakes. For the second year running, moreover, he had an elite scorer in She Feels Pretty, winner of the GI Natalma S. before failing by barely half a length to overcome a wide trip in the GI Breeders' Cup Juvenile Fillies Turf. Karakontie's premier earner Princess Grace meanwhile continued to thrive in Australia, missing Group 1 scores by a neck and half a length.

Even after a hike from $10,000, Karakontie is an awful lot of horse for this fee. He converted some of the most regal blood in the book–his third dam is Miesque herself–into a turn of foot that won him a Group 1 at two and then a mile Classic, before doing all he could to endear the American market in the GI Breeders' Cup Mile. Don't forget that he restores Sunday Silence to the Bluegrass through his dam, herself out of a half-sister to Kingmambo. His international pedigree and participation alike are a measure of our debt to the program that produced him.

The American market has not really grasped its privilege, with this horse, but the elevation in his fee tells you everything you need to know: he's being used by people who want to breed a runner, whether in their own silks or to boost a mare. Actually, Karakontie is perfectly capable of a home run at the sales, including the $525,000 filly at Keeneland in September whose buyers will have been delighted to see her full-sister (who herself made $280,000 the previous year) win the Tepin S. last month. His lesser specimens may struggle commercially, until the environment improves, but that won't trouble those eccentrics who calculate value according to the odds of ending up with a runner.

Gold Medal: MITOLE
Eskendereya–Indian Miss (Indian Charlie)
Spendthrift $15,000

How naïve of me to imagine that all those commercial breeders who flocked to the new sires in 2020 wanted nothing more than to land on the champion freshman of 2023. Because Mitole, as he closes in on those laurels, finds himself the only one of the four Spendthrift sires dominating this table to remain on the same fee in 2024.

Mitole | Louise Reinagel

Now, clearly this farm needs no help in how to make their remarkable machine run smoothly. The Spendthrift team know that Mitole was the one who took the biggest slide of the quartet, in the inevitable slackening of demand for their second crop of yearlings. But they had already ensured that these were conceived more affordably, trimming him from $25,000 in his debut season to $15,000. That was partly a concession to the Covid market, but it also offered such obvious value about a champion sprinter that he maintained the enthusiastic support of 184 mares even last spring, after topping 200 in each of his three previous seasons.

In other words, the system is functioning smoothly and Mitole has played his part so well that he approaches the winning post with a narrow advantage over Maximus Mischief (my serial “gold” pick, I might add, after starting at $7,500!) by prizemoney and also a wafer-thin one by individual winners (32 from 79 starters).

Whether or not he holds out, Mitole is the only one of the four to have a graded stakes scorer–and so joins Flameaway and Solomini in what has been a weirdly unproductive group, by that measure-in GIII Pocahontas S. winner/GI Alcibiades runner-up V V's Dream.

The precocious Maximus Mischief has shown a lot more of his hand (77 starters from 122 named foals) and remember that Mitole (79 from 145) himself only squeezed in a single start at two, in late November. It was as a 4-year-old that he racked up his four Grade Is–including that resonant Met Mile/Breeders' Cup Sprint double, and a stakes record at the intermediate distance in the Forego. So it seems fair to suggest that he has only just got started.

By now Mitole has surely stifled misgivings about his sire, himself after all a brilliant performer and a conduit of corresponding genes. Eskendereya's fifth dam is Cosmah, and doubles up her half-sister's son Northern Dancer top and bottom. It was presumably his unfashionable sire that confined Mitole to $20,000 as a yearling–but then along came kid brother Hot Rod Charlie (Oxbow), himself a $17,000 short yearling, to reiterate the merit of a family cultivated by the late Edward A. Cox Jr.

Hot Rod Charlie has now followed Eskendereya to Japan, where they have made a habit of exposing crass commercial trends in Kentucky. But here's a horse making the family assets work even in this less imaginative environment, and his debut at the 2-year-old sales–behind only Omaha Beach in the key freshman medians–suggest that Mitole will be taking out a long lease on the attention of pinhookers.

 

Sires In The Teens: Breeder Selections

Aidan O'Meara, Stonehaven Steadings

Aidan O'Meara | Keeneland

Gold Medal: Volatile
One of the best angles for success in the commercial breeding field is identifying a future leading stallion in the early stages and this sometimes requires taking a leap of faith breeding when their first runners are about to run. Volatile has been the breakout star at the yearling sales this year, mirroring his sire's first crop results a few years back. He's a beautifully built horse himself and passed his physique on with remarkable consistency. He's been very well supported by breeders and will have plenty of ammo in his first few crops to give him every opportunity. If his offspring have legitimate ability, he will skyrocket up the stallion ranks and $15,000 will look like the deal of the decade.

Silver Medal: Connect
The crop of 2021 has all been overshadowed by Gun Runner's incredible achievements, but Connect has been quietly developing a very solid career for himself. He has shown consistency with three graded stakes winners again this year and a strong supporting cast of stakes horses. He has also shown the ability to get the all-important high-class horse with Rattle N Roll. He measures well in all statistical categories and looks to be a stallion that can establish himself long term in the mold of a Midshipman/First Samurai/Blame type.

Bronze Medal: Audible
The Spendthrift quartet has garnered most of the attention from this year's freshmen and rightly so but one horse is simmering just below these and that horse is Audible. His 14% stakes horses with his first 2-year-olds cannot be ignored and his own racing career suggests there is more improvement to be had as they mature. He's a beautiful horse that can throw the right kind as witnessed by his first crop of yearlings. $15,000 is very intriguing for a horse with some potential future upswing and worst-case scenario has shown plenty of ability for longer term success at this price point.

Peter O'Callaghan, Woods Edge Farm

Peter O'Callaghan | Fasig-Tipton

Gold Medal: Midshipman
This stallion has been very good to us both on the track and in the sales ring. We recently bred first-time-out 2-year-old winner Midshipman's Dance; pinhooked Grade II winner Special Reserve; bred Leucothea and co-bred Amidst Waves, both of whom are multiple stakes winning 2-year-olds. He is a very consistent and well-respected sire, standing for an affordable $15,000. You can sell one well at the sales and he produces winners every weekend at the track.

Silver Medal: Mitole
Obviously a brilliant racehorse and looks to be turning out some good 2-year-old winners this second half of the year. Must be a horse worth a punt at $15,000. We are breeding to him again this year.

Bronze Medal: Vekoma
A brilliant racehorse, a high class 2-year-old who trained on, winning some high-profile races in the GII Bluegrass S. going two turns at three. Then winning the GI Carter H. and GI Met Mile at four in impressive fashion. Furthermore, he is a very well-bred son of Candy Ride (Arg), out of the GISW Speightstown mare Mona De Momma from the family of Mr. Greeley.

He is a good-looking horse who seems to sire plenty of good-looking stock. We have bred to him each year and have bought foals by him in each crop, he has not let us down so far.

I think he is a horse with a legitimate shot to be a sire standing at an affordable fee of $15,000.

 

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