From The Experts: Jacqueline Norris

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

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

JN: I think Earthlight (Ire) looks to be well priced at €20,000, as a dual Group 1-winning son of the great Shamardal. I am really looking forward to seeing him and am hoping to send him a nice mare. I think Shamardal is a huge loss, and it is lovely to see how well his sons are doing at Stud. As breeders we all flock to the shiny new first-season sires, but Earthlight was a proper Group 1 racehorse.

GK: Best value proven stallion, and why?

JN: Holy Roman Emperor (Ire) was a seriously good racehorse and I think is value at €12,500. He is a really nice horse to start off a young mare with; he is proven in the sales ring and produces every year on the track. Also, a nice safe horse to use if you wish to sell a mare in foal.

I also wish to mention a younger stallion Sea the Moon in this category. I saw him at Lanwades for the first time last year, and he has to be one of the most beautiful stallions at stud in my opinion; what acceleration as a racehorse. He is getting excellent results and is of course by the great Sea the Stars.

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

JN: I think Elzaam (Aus) is very interesting; his percentage of runners to winners is very good and they are obviously sound racehorses. I think he is good value and now that he has a Group 1 winner he will get a better quality book of mares.

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Mahony Hails Market Resilience As Foal Sale Concludes

NEWMARKET, UK—”Not for the first time this year we can reflect on a market which has displayed extraordinary and commendable resilience,” said Tattersalls Chairman Edmond Mahony in his closing address for the December Foal Sale. Those sentiments have been repeated often around Park Paddocks this week, just as they were back in October when the trade for yearlings was frankly remarkable given the events of 2020.

As the curtain fell on the fourth and final day of foals, again the most noteworthy figure was the clearance rate of 79%, which rose from 72% last year, through it must be remembered that this year’s catalogue was nearly 200 foals lighter.

The overall turnover from the 628 foals to have sold since Wednesday was 26,255,100gns, a downturn of 11% on last year when 35 more horses were sold. The median of 20,000gns was a 9% drop while the average, at 41,807gns, was down by just 6%. The final day saw 97 weanlings change hands at an average of 13,548gns.

During the final session, it was the Coolmore freshman Sioux Nation who claimed the spotlight from his stud-mate Saxon Warrior (JPN), who had made quite a splash with members of his first crop earlier in the week. For the young son of Scat Daddy however, it was lot 1075, a colt from Barton Stud, who was one of the early leaders at 88,000gns and remained there throughout the shortened session.

Rebecca Matthews won’t be regretting her 1,500-guinea purchase of the colt’s dam, the once-raced Autumn Snow (GB) (Invincible Spirit {Ire}), from the Godolphin draft of the 2018 February Sale. The sister to G2 July S runner-up Figure Of Speech (Ire) has subsequently produced a filly by Highland Reel (Ire), followed by her son by Sioux Nation, who was bred by The Brigadier Partnership, led by Matthews.

Barton Stud manager Tom Blain said, “He was the stand-out foal today, we deliberately came today to sell on the Saturday to stand out and it is a fantastic result. This was an investment by the breeders to get a bloodstock business going so this is really a great start.”

One of Sioux Nation’s more established companions on the Coolmore roster, the dual Derby winner Australia (GB), has also enjoyed a good week, with 11 foals sold for an average just shy of 50,000gns, and his colt from the family of Rekindling (GB) ((High Chaparral {Ire}) was the pick of pinhhookers Matthew Houldsworth and Aughamore Stud, who went to 62,000gns for lot 1097.

Offered by his breeder Stringston Farm, the colt is out of Bitooh (GB), a Diktat (GB) half-sister to MelbourneCup winner Rekindling, both of whom were sold by the Pocock family as foals at Tattersalls. Having previously been owned by Godolphin, Bitooh was bought back by the Pococks after Rekindling’s Cup victory.

“The family does very well with Australia and he is a lovely horse to deal with,” said Stringston’s Nick Pocock, who added that Bitooh is likely to return to the stallion next year. 

The mare’s half-brother Sydney Opera House (GB) is, as his name implies, a son of Australia and was runner-up in the G1 Criterium de Saint-Cloud. Meanwhile, Rekindling, now six, returns to Tattersalls next week to be sold as a stallion prospect as lot 1504.

Lanwades Stud’s Sea The Moon (Ger) is another middle-distance stallion to find favour in the foal market this week, with 13 sold for an average of 46,692gns, from his 2019 stud fee of £15,000. 

Byerley Stud’s February-foaled filly out of the Galileo (Ire) mare Garabelle (Ire) was the selection of John Cullinan of Horse Park Stud at 60,000gns. Lot 1045 is a half-sister to the listed-placed Bella Vita (GB) (Aussie Rules) and was bred by Shoreham Stud.

“He should only continue improving,” said Cullinan. “We have had a couple by Sea The Moon and we liked them; they are straightforward horses. The stallion is one of the current upwardly-mobile sires.”

He added, “The mare has also had a black-type runner and is a Galileo mare; it is hard to get stock out of good Galileo mares at my level.”

Assessing the market for the first of this year’s foal sales in Europe, Edmond Mahony said, “We felt that the relative strength of the Tattersalls October Yearling Sales would provide a solid platform for the December Foals and this has been borne out by another 2020 sale at Park Paddocks which has held up remarkably well under the current circumstances, and particularly considering the continued widespread travel restrictions.

“Despite having the smallest Tattersalls December Foal catalogue since 2001, with 191 fewer foals catalogued than last year, the sale has achieved turnover just over 10% below last year’s lofty returns and single-digit declines in average and median. Not for the first time this year we can reflect on a market which has displayed extraordinary and commendable resilience, most graphically illustrated by a clearance rate which compares favourably not only with 2019, but also with the majority of recent renewals of Europe’s premier foal sale.”

He continued, “Trade has been competitive throughout the week, starting with sustained demand for the yearlings and flowing consistently through four days of the cream of the British and Irish foal crop. As ever, the sale has been dominated by pinhookers and we applaud them for their huge contribution, but even more so in this strangest of years. The sale has been conducted under the strictest of health protocols and the compliance and awareness of all the rules and regulations has been admirable, as has the acceptance that we have not been able to provide the full Tattersalls sales experience in the current environment.

“Nevertheless, we have sold 64 foals for 100,000 gns or more this week, including Airlie Stud’s outstanding sale-topping Dubawi colt, whose 700,000-guinea price tag is the second highest for a colt foal at this fixture. In addition to the individual highlights, we have had widespread participation, some of it online, from buyers from throughout Europe, Japan, North America and the Gulf region, all of which gives encouragement as we turn our attention to the annual showcase of Europe’s finest breeding stock at the Tattersalls December Mares Sale.”

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Sea The Stars Colt Tops Tattersalls Thursday

NEWMARKET, UK-They say that necessity is the mother of invention. The very fact that Tattersalls is contriving to stage the December Sale, while adapting to the strictures of lockdown, attests to that axiom. And so, too, did the fact that the highest bid of the second session was made online–by someone who was actually on site, and could have dived into the ring in an emergency.

That resourceful gentleman proved to be Gerard Lowry of Oneliner Stables, who emerged from the cloak of cyber anonymity after the hammer came down at 170,000gns for a January colt by Sea The Stars (Ire) consigned as lot 718 by Newsells Park Stud.

“It’s a platform that’s there to be used, and it’s nice to see it succeed,” Lowry reasoned. “It’s an interesting tool and it was good to try it out.”

Lowry, in fairness, has never lacked enterprise; nor its close kin, daring. Two years ago, after all, he went as far as 330,000gns for another son of Sea The Stars at this same auction, and returned for Book 1 of the October Sale in 2019 to sell him to Godolphin for a game-changing 725,000gns. Relative to the built-in stud fee, this colt represented a relatively feasible ‘stake.’ He is out of a young Dubawi (Ire) half-sister to three Group 1 winners in Italy.

“Sea The Stars out of a Dubawi mare, he had it on both sides and comes from an outstanding family, with two champions under the second dam,” said Lowry. “He’s a lovely individual, has great movement, and was our top pick of the day so we’re delighted to get him. All going well, and with a bit of luck, he’ll be back for Book 1 next year and try to do us proud.

“Obviously we’re going back to the same well. Understanding the stallion’s stock, knowing his record on the racecourse, seeing what is coming through–that is a massive help. Then there’s the second dam by Barathea, so you are getting Sadler’s Wells over Urban Sea. It stacked up on a lot of fronts. It is a big plus, too, that he has come from such a great farm, and they’ve done a fantastic job with him.”

Julian Dollar of Newsells hoped that the result would encourage breeder Graham Smith-Bernal. “He bought the mare with Jill Lamb here three years ago from Kiltinan,” he explained. “She had a very nice Frankel (GB) who sold well [for 300,000gns as a yearling]; sadly, she then had a beautiful Kingman (GB) who died as a foal. She’s now in foal to New Approach (Ire). Mr. Smith-Brunel is a very nice man, new to the industry: he will race a few, wants to do some breeding as well, and has a few mares boarding with us.”

Lowry also took bronze on the podium for the day’s boldest prices, giving 140,000gns for a typically elegant son of Camelot (GB), sold by Belmont Stud as lot 751. He is out of an Oasis Dream (GB) half-sister to Juliet Foxtrot (GB) (Dansili {GB}), who won a couple of graded stakes and also made the frame three times at Grade I level after export to the U.S.

“The cross works,” Lowry said. “Sir Dragonet (Ire) (Camelot {GB}) won the [G1] Cox Plate and he’s out of a mare by Oasis Dream, who’s a champion broodmare sire. This foal is a good individual from an outstanding Juddmonte family, that of Dancing Brave: he ticked a lot of boxes and was pretty obvious, really. Also there’s the Australian factor coming into Book 1 now: Camelot is now a worldwide stallion.”

The dam, culled by Juddmonte, has duly proved an alert buy at the February Sale here in 2017 by Glenville Bloodstock, for 40,000gns.

A foal sale, of course, is a real test of confidence in the medium-term viability of the commercial market. And business on the second day held up tolerably well, in the circumstances. Understandably, as so often in the pandemic year, the clearance rate was conspicuously strong, with 84% sent to a new home, up from 79% at the equivalent session last year. From a slightly reduced offering (247 lots into the ring, down from 266), turnover slipped 18% to 7,014,800gns from 8,532,700gns. That yielded an average of 33,888gns, down 17% from 40,826gns, while the median slipped to 25,000gns from 33,000gns.

Hyde Backing Saxon Warrior

Among the usual cavalry of new stallions, few appear as eligible as Saxon Warrior (Jpn) to introduce something different into the European breed. The son of Deep Impact (Jpn) will also tick commercial boxes, however, as a Group 1 winner at two and a Classic miler who always travelled so strongly; and, if the development of lot 603 is any kind of guide, he is also making quite a print on his first foals.

Presented by Highclere Stud on behalf of his breeders–Leonidas and Marina Marinopoulos plus partners–he is the third foal of Aktoria (Fr) (Canford Cliffs {Ire}), a young mare who won at listed level in France, and his fifth dam is the remarkable Stilvi (GB) (Derring Do {GB}), a flying filly on the track prior to producing winners of the Irish Derby and Dewhurst S., plus runners-up in both the 1000 and 2000 Guineas.

The colt gained a precious seal of approval in the signature, on a 160,000gns docket, of Timmy Hyde Sr. of Camas Park Stud–whose seasoned eye later picked out a colt by the same sire, lot 747, for 100,000gns. (This one was consigned by Glashare House Stud.)

“Saxon Warrior was a hell of a racehorse,” Hyde said. “One of the best in many years. And this is a lovely individual. We’ll be sending him back to the sales.”

“I’m absolutely delighted for the breeders,” said Lady Carolyn Warren of Highclere. “They have been in the game a long time, and lovely people as well. Our horses live with them, when they go to French stallions, and we sell their yearlings over here. This is a gorgeous horse, with a great temperament, who was very popular down in the yard. And what a lovely example of how lovely Saxon Warrior’s stock are. He’s a real credit to his sire.”

She also stressed the gratitude of the professional community that this vital sale has been staged despite the prevailing restrictions.

“It’s an amazing thing Tattersalls have done, to put on the show,” she said. “It’s amazing that this is happening. We all owe a huge ‘well done’ and ‘thank you’ to Edmond [Mahony] and all the team.”

The Cigars Are On Havana Grey

A rookie with a rather different profile is Havana Grey (GB), sent to market as a straight-down-the-middle conduit of commercial speed. There is no shortage of that around, of course, so Ed Harper of Whitsbury Manor Stud was palpably moved–and quite rightly–to see lot 741, a February colt out of a mare by the farm’s stalwart Compton Place (GB), hit the ball out of the ground with a 130,000gns sale to Harry Sweeney of Paca Paca Farms.

“It is amazing, somebody from Japan wants a horse by the stallion we stand for six grand,” he said. “I did love the foal: I have just stared at him ever since he was born. There’s a slight tinge of sadness, that I suppose I won’t be watching him race here, but I can’t complain at the price. The Havana Greys have gone so well, it’s just fantastic. Everybody has been opening the doors to see them, and they have been going to good homes as well. This market is really tough, if you have the wrong model. But with the right model, you get well paid.”

This colt is certainly bred to land running, the dam having already advertised a Whitsbury stallion through G3 Cornwallis S. winner Good Vibes (GB) (Due Diligence), who had started her busy juvenile campaign at the Craven meeting and kept on running.

“I knew a lot of the really good judges were on this horse, regular clients of mine, whose support I really appreciate,” Harper added. “But I never thought he’d make that.”

Ervine Family Continues To Flourish

A February colt by Kodiac (GB) out of a speedily-bred Iffraaj (GB) mare looked a pretty safe formula for a market like this and lot 610, consigned by Keith Harte for Max Ervine, duly achieved 110,000gns from Tally-Ho Stud. But he also had the benefit of a cosmopolitan update, since the publication of the catalogue, in the recent stakes success at Aqueduct of his juvenile half-sister Illegal Smile (Ire) (Camacho {GB}), who was exported to Wesley Ward as a €35,000 Orby yearling.

Their dam is an unraced half-sister to Ervine’s fast and hardy sprinter Galeota (Ire) (Mujadil)–whose own mother had been retrieved, at the end of her racing career, after selling to Darley Stud as a yearling.

Harte, who sold a 130,000gns Churchill (Ire) colt for Ervine in Book 3 of the October Sale here, paid due credit to a patron who tends primarily to sell yearlings.

“Another great foal from Max’s farm in County Down,” he said. “We are very lucky to have him as a client. He only has five or six mares. He will put the odd foal through, it depends what way the year goes. He had a good yearling sale, but no one knew what way those sales were going to go, so he entered this foal here. He then said, ‘why don’t we just go and see how we get on?’ It has paid off. This is a cracking foal, we had a lot of interest from all the top buyers, and he was bought by the right men who support the stallion well.”

Zoustar In The Ascendant

David Redvers of Tweenhills reckoned he has seldom seen as many vettings in one day at a foal sale as preceded the arrival in the ring of lot 691, a son of the stud’s coveted Australian commuter Zoustar (Aus) from a very brisk Cheveley Park family.

Sure enough, the colt reached 100,000gns before being knocked down to none other than Tattersalls Marketing Director Jimmy George. And within five minutes George was also signing an 82,000gns docket for lot 694, a filly by the same farm’s tragic Roaring Lion. After enduring some amiable teasing from Alastair Pim on the rostrum, George explained that in both cases he was literally holding the phone for insurance broker David Howden, who has been introduced to the game by Redvers.

“David has got himself involved over the past couple of years and is very enthusiastic,” Redvers explained. “He has seen all the foals at the farm and particularly loved those two, who will be kept to race in his own colours. He also bought a number of yearlings–I bought him a beautiful No Nay Never filly. The Zoustar was one of the most popular we’ve ever had at a foal sale, and I had no idea David would be going to that level.”

The Zoustar is out of a Pivotal (GB) half-sister to Group 1 winner Hooray (GB) (Invincible Spirit {Ire}) named Bewitchment (GB), who was purchased by Tweenhills at this sale two years ago for 150,000gns. So too, for 125,000gns, was the dam of the Roaring Lion filly: Roedean (Ire) (Oratorio {Ire}), a half-sister to G3 Fred Darling S. winner Maureen (Ire) (Holy Roman Emperor {Ire}).

Howden may be a novice but he’s in step with some of the most astute judges around, judging from the 110,000gns paid by Yeomanstown Stud for another Zoustar colt, presented by Plantation Stud as lot 738. This one gains some extra Australian dash through his dam, an Exceed And Excel (Aus) half-sister to that remarkable racemare Gorella (Fr) (Grape Tree Road {GB}).

“I have seen a lot of Zoustars, they are quite smart,” said Yeomanstown’s David O’Callaghan. “This is a fine big colt. He and the colt out of Bewitchment were the best two for us. We tried to buy the other one, and couldn’t, but fortunately got this one. He’s from a fast family and is a tremendous walker. We will bring him back next year.”

 

Frankel Spreads The Benefit

On the face of it, even 105,000gns for a Frankel (GB) filly appeared to represent a limited yield, given the Juddmonte champion’s six-figure fee. But lot 704 was one of those rare cases where everyone could be considered a winner.

The filly was acquired in utero when Highflyer gave 200,000gns for her dam Panmolle (GB) (Lawman {Fr}), who is out of a half-sister to Kingman (GB), in the Juddmonte draft here last year. A good portion of that outlay was redeemed, then, by her sale to Philipp Stauffenberg by Mill House Stud on behalf of Wood Farm Stud.

“The last one I bought from their draft cost me just 10,000gns,” Stauffenberg said. “She was by Cable Bay (Ire). She won in England, was stakes-placed in Germany and has now joined my broodmare band. It would be nice to do the same again.”

A Waxing Moon

Consecutive lots offered by New England Stud, acting for Stetchworth and Middle Park Studs, proved to be in warm demand: a Night Of Thunder (Ire) colt [lot 658] raising 95,000gns from Peter & Ross Doyle; and one by Sea The Moon (Ger) fetching 100,000gns as lot 959 from Frannie Woods of Abbeylands Farms.

Both had a notable third dam: in the case of the latter, G1 Prix du Moulin winner and G1 Oaks runner-up All At Sea (Riverman); and, in that of the former, a half-sister to G1 Irish Derby winner Grey Swallow (Ire) (Daylami {Ire}).

“He’s a lovely colt, though we did pay a little more than we were planning,” said Woods of his purchase. “I have a huge amount of time for the sire. Hopefully, his 2-year-old half-brother George Bancroft (GB) (Australia {GB}), who is with Roger Varian, will win next year.”

Sea The Moon scored another striking result towards the end of the session, when an Apr. 24 colt presented by Overbury Stud as lot 743 realized 115,000gns from Grangemore Stud. This really is an impressive stallion, striking that elusive balance between commercial and Classic eligibility. Bravo.

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From the Experts: Gwen Monneraye

On the back of the eagerly anticipated stallion fee announcements in Europe, Emma Berry spoke with a number of leading industry figures about value. Today we hear from Gwen Monneraye of La Motteraye Consignment.

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

GM: I really like Persian King (Ire). I know that at €30,000 he is not a bargain price, but he’s a Classic winner from a good family and [his sire] Kingman (GB) is so hot, so we decided to buy a share in him. During the Arc, it wasn’t really his type of race but he proved that he was tough and could stay beyond a mile. We are lucky to have some really good new stallions arriving in France. With Golden Horde (Ire) going to Montfort et Préaux, Wooded (Ire) at Haras de Bouquetot and Hello Youmzain (Fr) at Haras d’Etreham, we have three fast horses retiring to stud this year and I think that could suit our broodmare band by bringing a bit of speed, which we lack sometimes in France.

EB: Best value proven stallion, and why?

GM: I really like Sea The Moon (Ger). He has gone up to £22,500 but his statistics are amazing and I think the best is yet to come with this sire. I also think Mehmas (Ire) is good value, or he could prove to be good value in a few years’ time. For what he has achieved in his first year, I think €25,000 could be a no-brainer.

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

GM: I think this happens maybe more in England than in France but the older stallions somehow get left aside. That has happened a little for Oasis Dream (GB), who is now £20,000. We used him last year for a maiden mare. I always like to send our young mares to a proven stallion and I don’t think you can go wrong at that price. He is also having some really good results as a broodmare sire now.

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