Nick de Meric | Horse Racing Free Tips

‘Succession’ Presented By Neuman Equine Insurance: De Meric Sales

“It's a really difficult thing, to let go of something that you've spent your whole life building,” acknowledges Nick de Meric. “I don't know if 'letting go' is quite the right way to put it. But to actually cut that umbilical cord, it's a leap of faith.”

The Ocala horseman, who reflected on a colorful past in yesterday's TDN, now turns his attention to the future. For the evolution of a successor program, parallel to his own, makes the de Meric family a particularly pertinent case study for our series on how horse people handle the challenges of dynastic transition.

And, really, Nick couldn't have used a more apposite analogy. The “umbilical cord” to which he refers, of course, is the one extending four decades to the foundation of the pinhooking and pre-training business he operates with his wife Jaqui. Albeit not by much, it even predates the advent of their son Tristan and daughter Ali. But while that literally umbilical connection between parents and their children is never truly severed, the handover of a family business requires long habits of filial duty and parental authority to be gently renounced. And that's a process that demands imagination, flexibility, generosity.

As so often in these situations, Nick and Jaqui first had to establish whether, through nature or nurture, they had passed on a sense of vocation around horses-not to mention the accompanying skills.

“The guys I grew up with in the business, they're mostly around my age,” Nick remarks. “Some have kids who are looking like they're ready to assume the mantle; others don't. And when you've devoted your whole career to building a business, it's gratifying to have someone who can carry the torch forward for you, rather than just having to end it.”

Brandon and Ali Rice | Photos by Z

Ali married another who was born to the game, in Brandon Rice, and in 2009 they started their own program very much in the same manner as Nick and Jaqui around 25 years previously. They scraped together enough for a couple of cheap yearlings, notably a $7,000 colt who made $200,000 at OBS the following April before going on to become a graded stakes winner. Building on that remarkable start, Ricehorse Stables has proceeded to become a respected presence on the national sales scene.

Tristan and his wife Val, meanwhile, have become integral to the home operation, while maintaining a degree of independence that has evidently worked well on both sides. That they, too, know what they are about is evident from the fact that they and prepared subsequent champion juvenile Corniche (Quality Road) to make $1.5 million at OBS.

But perhaps an even bigger turning point, for Tristan and Val, had come when Gabriel Dixon put back on the market a 60-acre tract he had previously bought from Nick and Jaqui, with access to their Eclipse Training Center complex.

“Tris and Val were looking for something to invest in, so they jumped at that chance,” Nick explains. “And since then two more barns have been built, which they're able to lease out and so make the real estate itself turn into a good investment.”

(Again, this has strong echoes of Nick and Jaqui's own story: we saw yesterday how they once paid off their own mortgage in much the same way.)

“So their business runs adjacent and parallel to mine,” Nick explains. “They use our racetrack. We pinhook together, but they also do plenty independently and so do I. And I hope that eventually this way of doing things will make for a fairly seamless transition.”

So was this incremental model a deliberate strategy, or did it just evolve organically?

“I would say a little bit of both,” says Nick. “In life generally, but particularly in our business, we all know that the best-laid plans can go sideways in a heartbeat. So I would not so much say that it was my plan, but that it was my hope. Because while you can't project anything in cast-iron, at the same time you at least need some drift and direction.”

With both their children, Nick and Jaqui imparted their horse lore more by osmosis than by formal instruction.

“Ali was always obsessed,” Nick recalls. “If I left for the barn in the morning without taking her, and I'm talking like 5:30, she would have a meltdown. She used to come with me to the Keeneland 2-Year-Old Sale, I'd let her out of school for a few days. And later she worked sales in Korea, Europe, all over the States.

“Tris was always more of a homebody, and not so much engaged in the horses as a kid: it was baseball, dirt bikes, boy stuff. So when he did decide that this really was his thing, it surprised us how much he had absorbed, just from being around us, from conversations at the dinner table and that kind of thing.

“Certainly he didn't come round to it through any pressure from us. This business is tough on a good day, and I would never press anybody to enter it unless they're passionate. But ever since then, he's taken it and run with it.”

Evidence of Tristan's inherited flair emerged during what are perhaps the two most critical weeks for all these programs, in scouting the September Sale at Keeneland.

Tristan de Meric | Photos by Z

“We all know how that's as much an exercise in logistics and stamina as in horsemanship,” Nick says. “You've just got to keep plugging on, and Tris was right there doing a very good job. And from early on I found, more and more, that I could absolutely rely on his eye. I could send him ahead to do this or that barn, and we could compare notes later. I was always super impressed with how analytical and critical an eye he had for horses, at such a young age. Some things you can teach, some you can't, and he just had that knack.”

And that trust has become the foundation of their teamwork ever since.

“It's a totally subjective thing,” Nick stresses. “It's about judgment, intuition, instinct. So you don't always agree on everything. But he not only could pick athletes, but also had a very good fix on the economics of what we do. Picking the right horse is not always the hardest part. Actually, getting them brought at a price you can make sense of, that's a big part of the equation too. And knowing what you can and can't live with, in terms of vetting and conformation. He's done incredibly well with all of that, way beyond anything I can take credit for.”

So much for the innate skills. In terms of structuring their professional responsibilities, however, the together-but- separate model appeals as one that other families might usefully emulate.

“On a normal training day at home, when we're just doing our thing in the winter, we're right next to each other,” Nick explains. “I'm usually on a pony, and Tris is right there, either on a pony himself or in the viewing stand with Valerie. So we're actually talking all the time. We're watching each other's horses.

We help each other out, whenever we can, or need to. But those over there are his horses, his riders; and these over here are my horses, my riders.

Tristan, Nick and Jaqui | Christie DeBernardis

“We have clients in common, a lot of friends in common. But they have a following all of their own, which to their credit they have acquired quite independently of Jaqui and me. Conversely, most of my clients are now very familiar with them, and understand that we overlap a lot in our businesses. During a sale, they know they can talk to any of us and get all the information they may need.”

Nick is absolutely not going to pretend that it has been plain sailing all the way. At the best of times, it's never easy for one generation to know when and how much rein should be permitted to the next; and that's harder yet when the decision-making doesn't just affect personal development but the prosperity (or otherwise) of the whole family.

“I don't know if 'baggage' is quite the right word, but there's all the history that led you to this point,” Nick agrees. “As they say, the child is father of the man. So for someone in my position, who with his wife and partner has been making all the decisions, for better or worse-financial decisions, training decisions, client decisions-there comes a point when I have to say, 'Okay, you're in charge, it's your baby; I'm taking a sabbatical, I'm stepping back.' So far I've been easing back, but not pulling back.

“Sometimes you will see things a little differently. And that's where you have to learn to bite your lip and say, 'Okay, I might have done it this way instead-but I understand where he's coming from, let it go.' But most of us in this business, almost by definition, are control freaks to some extent. Because we have to be on top of everything. So that's a transition, too.”

That, however, is a price he considers well worth paying in order to see a life's work taken forward by his own flesh and blood. He cites friends whose children have no interest in doing that, and who will just have to call in a realtor someday.

“Neither Jacqui or I have any interest whatsoever in cashing in our chips and moving to a gated community,” Nick admits. “We are farm people. We have more dogs, cats, peacocks, goats, chickens, cows than you could count. Same for all the pets buried in the woods behind the house. We'd never move off the farm unless we absolutely had to. Behind every rock and tree, there's some little memory. And we're always going to ride, as long as we're physically capable.

“But that doesn't mean we have to keep going hammer and tongs. We've had so little time to really enjoy the farm for what it is. Just to get up in the morning, take a stretch, tack up our horse and just go wandering around. We've always been pedaling the bike.

“And we can see Tris and Val are doing a great job. It's great what they have done, working independently of me and alongside me. I can see the buyers are completely comfortable interacting with them. And that's allowing me to take a little step back. Maybe not quite as fast as Jaqui wants me to, but I'm working on that! I do worry, for both our kids and their families, about the collective legacy we're handing them in this sport. But I couldn't be prouder of what they have accomplished.”

The post ‘Succession’ Presented By Neuman Equine Insurance: De Meric Sales appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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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.”

The post De Meric’s Odyssey Brings Him ‘Home’ To Horses appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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Promoting the American Thoroughbred Industry: Letter to the Editor, Justin Casse

During the recent holiday season, I had the opportunity to engage in meaningful discussions with my 13-year-old son, Max, about his future aspirations. As he approaches an age where decisions about higher education and career paths come into focus, we've delved into conversations about his collegiate preferences and professional ambitions.

It is not uncommon for adolescents at this stage to express a desire to emulate the occupational choices of family members. Max, in particular, has conveyed an interest in following in the footsteps of his father, cousin Norm, uncle Mark, and his late grandfather Norman.

Now over the past few days I have had time to reflect on the thoughts and proposals brought forward by Boyd Browning and Nick de Meric. I believe the appropriate route going forward is for American Racing to have a parallel initiative to that of AUSHORSE in Australia. AUSHORSE is the gold standard of Thoroughbred marketing globally. They are frequently advertising the amazing statistics regarding the most buoyant racehorse industry in the world. This is exactly what we need. An enterprise like this would aim to promote the American Thoroughbred industry, encourage investment from both domestic and international sources, and introduce new owners to the excitement of racehorse ownership. Funding the initiative would occur through a small percentage taken from purse structures, sales purchases, or commissions.

This type of initiative could bring several benefits to the American Thoroughbred industry:

Promotion and Branding: A centralized marketing arm can effectively promote the industry, showcasing destinations for racing and sales. As well as the heartfelt stories that occur within our industry (i.e. Cody's Wish) and the amount of jobs it creates and economic impact it has.
International Investment: By actively encouraging investment from overseas, the industry can attract a broader range of participants, boosting competition and raising the profile of American horse racing on a global scale. Again, American involvement in Europe both at their sales and at Ascot is at an all-time high. As well as Europeans shipping to Australia for the Melbourne Cup and other races. It's time we flip the script here.
Introduction to Ownership: Helping newcomers navigate the world of racehorse ownership can foster increased participation and interest in the sport. This could include educational programs, networking events, and other initiatives to make ownership more accessible and enjoyable. I understand we've tried this in some capacity in the past but to include this under one uniform umbrella could create a stronger reputation via a name and likeness to refer to when speaking to the layman about our industry.
Sustainable Funding: By allocating a small percentage from relevant revenue streams, the initiative can secure a consistent and sustainable source of funding for its activities. This ensures the longevity and effectiveness of the marketing efforts.

However, it's important to consider a few key factors in implementing such an initiative:

Industry Collaboration: Success would likely depend on widespread industry collaboration. Ensuring that major stakeholders and participants are on board is crucial for the initiative's effectiveness. But making sure that the funding comes from a broader scale and not from a few wealthier individuals will insure a non-bias representation.
Transparent Governance: As an independent, not-for-profit entity, transparency in governance is essential to maintain trust and credibility. Clear guidelines on fund allocation and decision-making processes should be established.
Adaptability: The racing industry is dynamic, and the initiative should be adaptable to changing circumstances and market trends. Regular evaluations and adjustments may be necessary to ensure ongoing success.

If implemented thoughtfully, a marketing initiative like this one could contribute significantly to the growth and sustainability of the American Thoroughbred industry.

The post Promoting the American Thoroughbred Industry: Letter to the Editor, Justin Casse appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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$2.2-Million Gun Runner Colt Powers Day Three as OBS Spring Sale Stays the Course

by Jessica Martini & Christina Bossinakis

OCALA, FL – For the third straight day, the team of Bob Baffert and Donato Lanni, acting on behalf of Saudi businessman Amr Zedan, made the highest bid of the session, this time going to $2.2 million–top price of the Ocala Breeders' Sales Company's Spring Sale of 2-Year-Olds in Training sale so far–to acquire a colt by Gun Runner from the de Meric Sales consignment as the Spring sale continued to produce figures largely in line with its record-setting 2022 renewal.

Through three of four sessions, OBS has sold 519 juveniles for a total of $67,661,000. The cumulative average of $130,368 is down 3.7% from the corresponding end-of-day figure from 2022 and is down just 1.8% from the average of $132,821, which includes post-sale transactions from a year ago. The median of $65,000 is down 7.1% from a year ago.

“We were very pleased with the March sale and it seems like that momentum has carried on through April,” said OBS Director of Sales Tod Wojciechowski. “We set records last year and here we are bumping up against those records this year. It feels good and it is a testament to the strength in the marketplace.”

Zedan topped the sale's opening session with a $1.45-million son of Arrogate and added a $900,000 son of Frosted Wednesday.

“He's come with a big budget and that's helpful to the consignors,” Wojciechowski said of Zedan. “It probably pushes horses that he gets and hopefully, it moves buyers to other horses and they look for other top prospects that they can settle on as well.”

With 128 juveniles reported not sold after the final horse went through the ring Thursday, the buy-back rate was 19.8%. it was 16.5% at the same point a year ago.

While the figures remained stronger, consignors continued to see a polarization in the marketplace.

“I had so many people on that horse who just had to have him,” Jesse Hoppel of Coastal Equine said after selling a colt by Blame for $700,000. “But if you don't have the flavor of the week, they don't want to have anything to do with you.”

Hoppel said the absence of a select sale like the Fasig-Tipton Gulfstream Sale has buyers scrambling to make sense of the new sales landscape.

“I think the buyers are confused,” he said. “They don't know where to go. The 2-year-old sales market now lacks a select sale. It doesn't give you direction–where are these middle market horses going to be, where are the expensive horses going to be. Right now, they are scattered. The public doesn't have an idea of where to go for the right horses.”

Still buyers found plenty of competition for the top lots.

“People are saying it's a little bit spotty, but at the same time anything we followed up seemed like it's made plenty of money,” said Hunter Valley's Fergus Galvin after signing for a $575,000 daughter of Into Mischief. “I don't think it's overly strong.”

Donato Lanni | Photos by Z

Bloodstock agent Donato Lanni, who has made the highest bid of each of the sale's first three days, said, “It's really strong for the top, top horses. The middle market looks like it is holding pretty strong. Everyone is here, so it's very strong for the top-end horses. The market was very strong here last year and we're seeing that again this year. Hopefully it continues that way.”

The OBS Spring sale concludes with a final session Friday. Bidding begins at 10:30 a.m.

Guns Blazing at OBS Day 3

The storms that barreled through the Ocala area Wednesday night seemed like a mere breeze compared to the gale force that swept through the OBS sale's ring midway through Thursday's session. In the moments leading up to the entrance of Hip 782 into the ring, several of racing's biggest names lined up to duke it out for a juvenile colt by Horse of the Year Gun Runner. With several separate interests clashing, including agent Donato Lanni–accompanied by trainer Bob Baffert in their customary perch in the media box–and fellow Hall of Famer Steve Asmussen, who trained Gun Runner during his illustrious campaign, it was Amr Zedan's potent team that outlasted the rest to land the colt for a cool $2.2 million.

Hip 782 | Photos by Z

“That was 'wow',” said Lanni. “Amr Zedan absolutely loved him and he really wanted the horse. He was not going to go home without that horse…Bob really loved him too. The whole team did.”

Outlining some of the factors that led to the team extending to the sale-topping price through three sessions, Lanni offered, “He performed very well and had a great gallop out. He was really fast for a such a large-sized horse. He looks like he wants to go a Classic distance and has gears.”

“It's nice to see a horse with that much size by Gun Runner who looks like a two-turn horse but also has the speed. He showed it here.”

The Mar. 20 foal is out of Perfect Wife (Majesticperfection), the dam of the colt's full-sibling GSP Runaway Wife.

“Every day when you have one like that in the barn, you're kind of sweating bullets and you're worried you'll walk into the barn and find him with his legs up in the air or colicking,” said Nick de Meric. “But he's been a wonderful horse for us. Tristan and Val [de Meric] take the credit for producing him like they have.”

Bred by Fern Circle Stables, the bay brought $430,000 at Fasig-Tipton last July. Consigned by de Meric sales at OBS, the colt breezed in :10.1 last week.

“It was a ton of pressure,” continued de Meric. “Frankly, that [yearling price] was out of our comfort zone. We just all felt so strongly about him and we had a couple of partners on him, so we didn't have to shoulder the whole load.

“He affected all of us [when we first saw him] and we thought he could be something special.”

Tristan de Meric was equally enthused with the colt.

“The way this horse moved, his balance and the way he just kept it up all day long [stood out],” he said. “He always did everything right. He's a horse with a great mind and did everything right from the get-go.”

Reflecting on the colt's purchase last term, he continued,

“We definitely stretched well beyond our comfort zone, but when we were signing the ticket on him, it felt right. I am happy it all worked out. We were just lucky to have him.”

In regard to the colt's illustrious sire, who led all second-crop sires and ranked sixth on the General Sires list in 2022, the junior de Meric explained, “We started out just trying to find some nice Gun Runners because we believed in him and he had a nice run with his first crop. It was amazing what he did with his first crop.”

With the relief evident after hitting it out of the park following months of intense preparation, the elder de Meric could breath a sigh of relief now that the colt was going to get every chance under the care of the Hall of Fame trainer.

“All of us in this business know it doesn't work out like that every time. You need one of those every once in a while and that was outstanding. We couldn't be happier.”–@CBossTDN

Hoppel Plays the Blame Game

When Jacob West signed the ticket at $700,000 to obtain a colt by Blame (hip 786) on behalf of Repole Stable Thursday at OBS, it marked an impressive pinhooking score for consignor Jesse Hoppel, who purchased the youngster for $70,000 at last year's OBS October sale.

Hip 786 | Photos by Z

“He was a very sleek horse that looked like he needed to grow up a lot,” Hoppel said of his early impressions of the colt. “I still think he has growing up to do. There is no telling how good he will be when he is finally there because he's not there yet. He's going to keep coming.”

The colt is out of the unraced Petunia Face (Congrats) and is a half to graded winner Jalen Journey (With Distinction). He worked a quarter-mile last week in :21 flat.

Of the colt's final price Thursday, Hoppel said, “I was thinking in the $400,000 to $500,000 range, but this market is really polarized. I had so many people on that horse who just had to have him. If you don't have the flavor of the week, they don't want to have anything to do with you.” @JessMartiniTDN

Uncle Mo Draws Fire Early at OBS

After a filly by Uncle Mo brought a $675,000 final bid during the first day of selling at the OBS Spring sale, a colt by the Coolmore sire (Hip 682) realized the same amount Thursday afternoon. Consigned by agent Gene Recio, trainer Keith Desormeaux signed the ticket on behalf of Dallas, Texas-based Benjamin Gase, founder and CEO of the shipping technology company R2 Logistics.

“He didn't have as much as a quick cadence as most of these eighth-of-a-mile breezers but his movement was fluid, and he still went in :10.1,” said Desormeaux. “That's what we're looking for, a horse with speed but most importantly the distance.

“I hate to use the same old cliche but he ticks every box.”

Echoing the sentiment, Recio added, “He showed himself well and just has a lot of class. He didn't turn a hair the whole time. He did all the right things.”

The colt was offered at Keeneland last September, bringing $250,000 from Lynnwood Stable. The Apr. 26 colt was offered by a partnership that included the breeder, Breed First.

Gene Recio | Photos by Z

“I fell in love with him when I saw him at the yearling sales,” explained Recio. “I didn't really think I was going to be able to buy him, I thought he was going to bring more than that.”

The juvenile is out of the unraced Bodemeister mare Mezinka, a half-sister to dual Grade I-winning Pioneerof the Nile, who also finished runner-up in the GI Kentucky Derby.

“The breeder is a good friend of mine, so I am happy for them. They stayed in for a piece. I'm happy when it all works out like that.”

The Desormeaux and Gase axis has already produced results, highlighted by a win in this winter's GII Rebel S. with Confidence Game (Candy Ride {Arg}), who was unearthed for a mere $25,000 at Keeneland last September. Confidence Game currently stands 12th on the Kentucky Derby leaderboard with 57 points.

Clearly looking to mine another Classic-bred jewel with a long-term view on next season, Desormeaux enthusiastically outlined the colt's list of attributes.

“The horse has Classic pedigree, great lines, awesome conformation and a good foot,” he said. “He was as good as you get from head to toe.”

He continued, “One of the added values is that he has great sire value, being by Uncle Mo and with Pioneerof the Nile [under the second dam]. We know he's got speed and Classic distance on the bottom.”

With the Classics still a year away, Desormeaux's ambitions in the shorter term appeared to be no less lofty.

“He's going to go to California and prepare for the GI Breeders' Cup Juvenile.”–@CBossTDN

Into Mischief Filly to Qatar Racing

Sheikh Fahad's Qatar Racing, which enjoyed top-level success along with partners with Caravel (Mizzen Mast) in last year's GI Breeders' Cup Turf Sprint, continued to build its U.S.-based string with the purchase of a filly by Into Mischief (hip 777) at OBS Thursday. Fergus Galvin of Hunter Valley Farm made the winning bid to acquire the filly for $575,000 from the Wavertree Stables consignment.

Hip 777 | Photos by Z

“We actually haven't come up with a trainer for her yet, to be honest,” Galvin said. “She will definitely stay in the U.S. She is a lovely, big filly. Ciaran [Dunne of Wavertree] recommended her well and we are very happy to get her.”

The bay filly is out of the unraced Pearl River (Quality Road) and from the family of champion Sweet Catomine and multiple Grade I winner Life Is Sweet. She was bred by Pam and Martin Wygod.

Marc Tacher purchased the 7-year-old Pearl River, in foal to Nyquist, for $50,000 at last year's Keeneland November sale.

In addition to Caravel, Qatar Racing was also partners on Shedaresthedevil (Daredevil), who was purchased for $5 million at the 2021 Fasig-Tipton November and whose 2022 campaign included a win in the GII Fleur de Lis S. The partners returned the mare to the sales ring at Fasig-Tipton last November where she sold again for $5 million.

Caravel has already started 2023 a winner, recently winning the GIII Shakertown S. at Keeneland.

“We just have to keep our run going,” Galvin said. “Sheikh Fahad is keen to establish a string here in the U.S. We've had a lot of success with turf horses and now we are trying to aim a little bit more on the dirt side.” @JessMartiniTDN

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