Authentic Goes All The Way, Tops Baffert Exacta In Breeders’ Cup Classic

Through all the shadows of controversy and the challenges of the pandemic, Authentic made a clear case for Horse of the Year honors in this Saturday's Breeders' Cup Classic. The 3-year-old son of Into Mischief flew out of the gate and led the field all the way around the Keeneland oval to win the $6 million event by 2 1/4 lengths, delivering another major victory to his thousands of owners. The race had to be hand-timed when timers malfunctioned, but was later reported as another track record: 1:59.19.

That time bests the track record set by Triple Crown champion American Pharoah in the 2015 Classic of 2:00.07.

Fans may not have been able to attend this year's Breeders' Cup, but there was plenty of cheering from those on hand when Authentic crossed the wire in front.

Hall of Fame trainer Bob Baffert was especially thrilled to see Authentic avenge his last-out defeat in the Preakness, when the filly Swiss Skydiver bested him by a neck. It was Baffert's second Breeders' Cup win on the card, following Gamine in the Filly & Mare Sprint, his fourth Classic win (all with 3-year-olds), and his 17th overall Breeders' Cup victory. The trainer also saddled runner-up Improbable and fifth-place finisher Maximum Security in this year's Classic.

“I tell you what, I needed that, didn't I?” Baffert quipped. “We really were disappointed after the Preakness; I was sort of surprised. He's a quirky horse, but Johnny really knows him well. He's just getting better and better. I'm so happy for the connections, MyRacehorse, and especially Wayne Hughes.”

It was also the second Breeders' Cup win on the day for Hall of Fame jockey John Velazquez (Gamine), whose total now stands at 18. Velazquez was grateful to celebrate his first victory in the Classic victory.

“The older I get the more emotional I get,” Velazquez said. “It worked out perfect. Bob said to take him to the lead so he doesn't wander so much and keep his mind on running. It worked out. He did everything I wanted him to do.” 

Majority owner B. Wayne Hughes of Spendthrift Farm was in attendance at the Breeders' Cup, though he'd missed the colt's triumph in the Kentucky Derby on Sept. 5.

“It's been such an unbelievably surreal year,” said Spendthrift president Eric Gustavson. “To say that the horse has brought us a lot of light and distraction is an understatement… To have the off date Kentucky Derby and then the back to normal Breeders' Cup and to
be able to win those both in one year and with a 3-year-old, man, it's too much.”

Authentic is co-owned by Starlight Racing Stable (Jack Wolf, et. al.), Madaket Stables (Sol Kumin and J. Monteleone), and approximately 5,314 individuals who bought microshares via the upstart ownership group My Racehorse launched by Michael Behrens.

“It's an amazing ride,” Behrens said. “I could never have imagined that it would end like this. I mean, this is the pinnacle of racing. And when we set out to do this a couple years ago the idea was to celebrate this sport with as many people as possible, and to have 5,314 people to have an ownership stake in Authentic, I couldn't have asked for anything better. And the partnership with Spendthrift and Eric and Mr. Hughes, it's been tremendous having this opportunity. And I just, I really can't believe this happened. I mean, I love racing and I want more and more people to be able to experience this and to have this happen? I don't know, it's crazy.”

Authentic was bred in Kentucky by Peter E. Blum Thoroughbreds, and is out of the winning Mr. Greeley mare Flawless. He commanded a final bid of $350,000 at the Keeneland September sale, and has now won six of his eight lifetime starts for earnings of $6,371,200.

Leaving from post nine in the 10-horse Classic field, Authentic burst from the gate and went straight to the lead. Velazquez got him clear of his rivals and made his way to the rail, then took a nice hold with a easy two-length lead. Maximum Security was up on his outside in second while Global Campaign, Tiz the Law, and By My Standards were up close as well. Improbable was sixth in the early going.

“I didn't think there was too much speed in the race, and once I got him running past the wire for the first time, he was looking good for it,” Velazquez said.

Authentic continued to carry his speed all the way around the course, never looking in danger through the stretch and hitting the wire 2 1/4 lengths the best. Improbable checked in second after coming from further off the pace, a length better than Global Campaign on the wire. Tacitus was fourth, and Maximum Security finished fifth.

The remaining order of finish was: Tiz the Law, Title Ready, By My Standards, Tom's d'Etat, and Higher Power.

Other connections had the following comments after the race:

Second-place jockey Irad Ortiz Jr. (Improbable) – “I had a good trip, a perfect trip. I had him in the clear. He just got beat. It was a great race.”

Second-place co-owner Elliott Walden of WinStar Farm (Improbable) – “He just kind of let the other horse get away and nobody went with him. I don't know what the pace was because they messed up the fractions. But they kind of walked the dog out there. But he ran his race. He was wide both turns but he was second best.”

Third-place trainer Stanley Hough (Global Campaign) – “This horse has been through a lot in his career. We got his foot problems behind him and today was the first time he was really able to show his potential. We are so proud of him and he ran a great race.”

Third-place jockey Javier Castellano (Global Campaign) – “I had a beautiful trip, that's what I was looking for today. I knew there was a lot of speed in the race, but I had to play a little bit to get him to move forward. With this horse I didn't want to be too far back. I thought he ran a good race and I'm satisfied with how he did today. I was happy where I was positioned because they were going pretty quick. Maximum Security is the kind of horse that wants to set the pace. Our horse is a pace-maker too, but the other horses had more speed than my horse. We had a good early position and I'm very satisfied with how he did.”

Fourth-place trainer Bill Mott (Tacitus) – “He ran well. The trip was good. He saved ground around both turns and look like he needed a little room in the stretch. He ran a big race.”

Fourth-place jockey Jose Ortiz (Tacitus) – “He ran well. He sat back today. Relaxed well. I was hoping for a hot pace. I didn't see the fractions, but it didn't feel like it was very hot. So it took the chances away from me. I was expecting a hot pace and to pick up the pieces and close and have a shot to win the race. I was expecting a fast fight. It didn't happen that way but he ran really, really good. He improved a lot from the last two.”

Fifth-place jockey Luis Saez (Maximum Security) – “It was a good trip. He was right there. We came to the stretch and the winner was rolling. It was very impressive. But, he tried. He ran a good race.”

Sixth-place trainer Barclay Tagg (Tiz the Law) – “I was happy with the way he came into the race. I thought he would run his race but (jockey Manny Franco) said he was just too keen and didn't run.”

Sixth-place jockey Manny Franco (Tiz the Law) – “I had an OK trip. I was down inside. My horse never settled for me. He was pulling me the whole way hard. When I sent to looking for him he was done.

(Were you trapped inside?): “I was inside looking for a way to get out to a clear run. I had wait longer than I wanted to. It is what it is.”

Eighth-place trainer Bret Calhoun (By My Standards) – “I thought Gabe (Saez) had him in a great spot early on. Broke sharp, got in a good spot. I thought everything looked pretty good and like Gabe wanted to start picking them up and from the outside they started moving and kind of held him down there. He wasn't able to continue his move picking up horses and kind of had to wait a little longer until they cleared him. I think once he tried to go again, they just smoothed out and out-stepped him there. That next move, they just outstepped him. I don't know if he got a little discouraged having to wait or he lost a little momentum. He got outkicked from there, it looked like.”

“The track (playing to speed), and I didn't want to do anything different and change anything up. We're not that fast to change things up. You can't run with those horses early. It shows what good a race Whitmore ran (in closing to win the Sprint).”

Eighth-place jockey Gabe Saez (By My Standards) – “What can I say? The horses didn't come back. Speed-biased all day long. I got him into a great spot right from the beginning. I was in a great position tracking off the pace. Running around the three-eighths pole, and they weren't stopping. He ran every step of the way. I got a little bounced around the five-sixteenths pole. Franco's horse (Manny Franco, Tiz the Law) kind of came out a little bit, but I was not going to get there today. They were running.”

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OwnerView Names MyRacehorse 2020’s New Owner Of The Year

OwnerView announced today that MyRacehorse has been named the 2020 New Owner of the Year, presented by New York Thoroughbred Breeders. The award recognizes a new Thoroughbred owner who has been successful in the sport and has had a positive impact on the industry.

The award will be presented during the seventh Thoroughbred Owner Conference, which will be held virtually November 3-4, 2020.

MyRacehorse is a novel ownership concept whereby individuals can purchase United States Securities Exchange Commission-approved microshares in Thoroughbred racehorses. Since its founding, it has partnered in horses such as Kentucky Derby winner Authentic and grade 1 winner Street Band.

“MyRacehorse launched nationally in June 2019 with aspirations of making a real impact on the sport of horse racing,” said Michael Behrens, founder and chief executive officer of MyRacehorse. “We were confident it would happen, but never in our wildest dreams did we expect it to happen so quickly. Winning this award, especially considering the innovators that have won it previously, is truly the icing on the cake to a surreal and magical year for MyRacehorse.”

“MyRacehorse has revolutionized horse racing to make the ownership experience more accessible than ever,” said Gary Falter. “OwnerView's mission is to grow Thoroughbred racehorse ownership, and we are pleased to honor a group that has brought thousands of owners to the pinnacle of our sport.”

The New Owner of the Year Award has been previously presented to Larry Best, the Churchill Downs Racing Club, Charles and Susan Chu, Sol Kumin, and LNJ Foxwoods.

The Thoroughbred Owner Conference is being held virtually this year due to the COVID-19 pandemic. For more information about the owner conference, including the full schedule of panels and registration, please visit ownerview.com/event/conference or contact Gary Falter at gfalter@jockeyclub.com.

OwnerView is a joint effort spearheaded by The Jockey Club and the Thoroughbred Owners and Breeders Association to encourage ownership of Thoroughbreds and provide accurate information on aspects of ownership such as trainers, public racing syndicates, the process of purchasing and owning a Thoroughbred, racehorse retirement, and owner licensing.

The need for a central resource to encourage Thoroughbred ownership was identified in the comprehensive economic study of the sport that was commissioned by The Jockey Club and conducted by McKinsey & Company in 2011. The OwnerView site was launched in May 2012.

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MyRacehorse Founder Michael Behrens Joins TDN Writers’ Room

As far as marketing for a nascent, unorthodox racehorse ownership venture goes, you couldn’t do much better than a horse carrying your silks into the Churchill Downs infield as the GI Kentucky Derby winner. That’s what Michael Behrens experienced Saturday, as Authentic (Into Mischief), bought into by his MyRacehorse microshare partnership in June, fought off favored Tiz the Law (Constitution) past the Twin Spires to earn the garland of roses. Wednesday, Behrens joined the TDN Writers’ Room podcast presented by Keeneland as the Green Group Guest of the Week to explain MyRacehorse’s business model and how the startup came to own one-eighth of a Derby winner.

“I am not from the racing world, I’ve been in ad tech and marketing my whole career,” Behrens said of his background. “Growing up in Southern California, Santa Anita was 15 minutes away and that’s where we went to decompress after crazy stressful weeks. Go out there with friends, have a couple of drinks and bet a few races. I just loved it as a sport, but was always very intrigued about how we can get more fan engagement. I started looking around and [found that] people who really were energized and excited about our sport were those that had some kind of interest in ownership, either through friends or a partnership, whatever it may be. And I just left that was where we could scale, where we could get mass adoption to appreciate the sport.”

MyRacehorse, which started as a pilot program in California, went national only last July. The company sells .001% microshares in Thoroughbreds with multiple shares available and returns that are deposited into owners’ accounts and can be withdrawn via its app. Previously acquiring stakes in Grade I winner Street Band (Istan) and graded stakes winner Lazy Daisy (Paynter), MyRacehorse stepped into the deep end when buying 12.5% of Authentic after the colt finished second in the GI Runhappy Santa Anita Derby. Behrens credits co-owner Spendthrift Farm’s B. Wayne Hughes with opening the door to that partnership.

“When I wrote the original business plan for this, I looked at the industry to try to figure out who had the personality, the DNA [for the idea],” he said. “B. Wayne Hughes, with his success in business and his innovation with breeding, I just loved his disruptive nature. I actually used to do marketing for Public Storage, one of his companies. I came out and took [Spendthrift General Manager] Ned [Toffey] through the idea. The next day, Mr. Hughes called me back in and we started talking. He wants the sport to continue to thrive and grow, so he loved the concept. We started partnering on a couple of deals and that relationship has only gotten stronger and stronger over time. Now he’s come in as one of our partners. Our relationship with Spendthrift and Mr. Hughes has been critical.”

Elsewhere on the show, the writers reacted to all angles of the Derby, GI Kentucky Oaks and the many impressive undercard and juvenile performances we saw this week. Plus, in the West Point Thoroughbreds news segment, they discuss the bankruptcy filing of Ahmed Zayat and wonder how it went south so quickly for the owner of the first Triple Crown winner in 37 years. Click here to watch the podcast; click here for the audio-only version.

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Bloodlines: Authentic’s Haskell Win Brings Latest Success For Into Mischief, MyRacehorse

Into Mischief picked up his sixth Grade 1 winner on July 18 with Authentic's victory in the Grade 1 Haskell Stakes at Monmouth Park. Two days earlier, the bay son of the deceased sire Harlan's Holiday (by the Storm Cat stallion Harlan) had the one-two in the G3 Schuylerville Stakes at Saratoga when Dayoutoftheoffice won by six lengths from Make Mischief, who was a length ahead of second-choice Hopeful Princess (Not This Time). The fourth horse was 10 lengths farther back, and the odds-on favorite, Beautiful Memories (Hard Spun), stumbled at the start, was pulled up after a half-mile, then walked off.

In contrast to the victory of heavily favored Authentic, Dayoutoftheoffice and Make Mischief were two of the four longest shots in the field of seven, and the winner was 19.8-to-1.

Quick, precocious, and willing racers, Dayoutoftheoffice and Make Mischief are typical of the progeny of leading sire Into Mischief, who has stood his entire stud career at Spendthrift Farm for owner B. Wayne Hughes, and the stallion has risen from the modest heights of an entering stud fee of $12,500 to a position in the hierarchy of stallions where his fee for 2020 was $175,000 live foal, and for 2021, it would not be surprising to see a further increase.

The quantity and quality of his offspring are responsible for that steady upward progression in stud fee.

As evidence of that, Into Mischief was the leading sire of 2019 by progeny earnings, with $18.9 million, and he ranks second in 2020. In addition, Into Mischief is a promising sire of stallions, with such well-regarded young horses as Audible (G1 Florida Derby), who entered stud at WinStar in 2020, and Practical Joke (G1 Champagne, Hopeful, Allen Jerkens), who entered stud at Ashford in 2018 and has first-crop yearlings this year.

When he goes to stud, Authentic will go to Spendthrift to stand alongside Into Mischief, like the stallion's other sons Goldencents (sire of seven stakes winners and the earners of more than $10 million) and Maximus Mischief, who entered stud in 2020.

Spendthrift's Mark Toothaker said, “We're so lucky to have Into Mischief, because he's a generational sort of sire, and we'd love to stand all his sons, too. We already have a couple, and we're thrilled to have Authentic coming to Spendthrift. He's a taller, stretchier sort of Into Mischief, and we're seeing more of that type as breeders are coming to breed more mares to him with size and scope.”

Before Authentic goes on to a second career, however, trainer Bob Baffert will point the long-legged bay for the Kentucky Derby, and “hopefully Authentic runs on next year at four; that's the deal with him now,” Toothaker said, “and that was part of the plan for bringing in MyRacehorse.com as part of the ownership of the horse.”

Purchased at the 2018 Keeneland September sale by SF Bloodstock and Starlight West, Authentic started his career so impressively that Madaket Stables LLC, Spendthrift Farms LLC, and MyRaceHorse Stable subsequently have bought into the horse.

The first four entities are well-known for involvement in high-profile racing stock, but MyRaceHorse Stable is a different proposition. Toothaker noted that when “we met Michael Behrens, who owned MyRacehorse.com at the time, we loved it so much that Spendthrift bought a significant interest in the company,” and now Spendthrift is putting MyRaceHorse Stable in partnerships with some of its high-class racers.

Brian Lyle, who is the liaison for Spendthrift with MyRaceHorse Stable, said that “Mr. Hughes is concerned with the number of people involved in racing and wants to help attract more people to the sport. Our concept of MyRaceHorse Stable is purely to get more fans to the racetrack. It brings in more owners, it builds greater enthusiasm, and it builds up education so that some owners can move to the next level with their involvement in the sport.”

In Toothaker's analogy of the approach, he said, “It's a sort of farm league or development league to allow people to have individual involvement in the game through the purchase of micro-shares, and Mr. Hughes believes it could save the game. Normally, we are looking at young horses where Spendthrift would buy breeding rights, but now with MyRacehorse, we are also looking to buy racing rights.”

As testament to the widespread appeal that this could have with the general public, Toothaker recounted that the assistant pastor at the church where Toothaker and his family attend came up to him on Sunday to let him know that the clergyman had bought a share in Authentic.

Maybe those prayers made a difference in the stretch run of the Haskell. Either way, involvement of people not otherwise experienced in Thoroughbred ownership is a boon for the sport, and Authentic may prove an important educational and promotional marker for the popularity of the sport with this success and with anything else he accomplishes in the future.

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