Havana Grey Tops Profitability Index Calculated By Weatherbys

Havana Grey (GB) was the most profitable British- and Irish-based yearling sire of 2023 according to the newly-published Weatherbys Bloodstock Sales Review.

Havana Grey topped the standings with a profitability index of 10.75, comfortably ahead of the next best stallion, Sioux Nation, on 6.61. Those figures were calculated by dividing each sire's 2023 yearling average by their covering fee of 2021, when the offspring in question were conceived.

It was another hugely successful year on the racecourse for the progeny of Havana Grey, with the G1 Prix Morny and G1 Middle Park S. winner Vandeek (GB) emerging as the star of his second crop of two-year-olds. The sire's burgeoning reputation was later reflected at the sales where his 65 yearlings sold for an average of 90,951gns/€107,914, a significant return on their investment for any breeders who sent mares to him in 2021 when his fee was just £6,000. His fee has been increased to £55,000 (from £18,500 in 2023) for his sixth season at Whitsbury Manor Stud in 2024.

Sioux Nation has also been given a fee increase by Coolmore (from €17,500 to €27,500) having built on the success of his juveniles in 2022 when he was second only to Havana Grey among that year's first-season sires. Several members of that crop became Group winners in 2023, headed by G2 Challenge S. heroine Matilda Picotte (Ire), and those who invested in one of his 30 yearlings to sell last year will be hoping for more of the same. They made an average of 55,676gns/€66,060 having been conceived at a fee of just €10,000.

Cotai Glory (GB) and Twilight Son (GB) both operated at basement fees in 2021–€5,000 and £5,000 respectively–and there was certainly value to be had for those breeders who took advantage. Tally Ho Stud resident Cotai Glory had a 2023 yearling average of 25,914gns/€30,747 from 54 lots, giving him a profitability index of 6.15, while Cheveley Park Stud's Twilight Son wasn't far behind on 6.00 having seen his 25 yearlings make an average of 28,595gns/€33,928.

The top five was completed by Sergei Prokofiev (Can), who joined Havana Grey at Whitsbury Manor at a fee of £6,500 in 2021 and will be represented by his first runners in 2024. Those two-year-olds shouldn't be underestimated if the way they performed at the sales last year is anything to go by, making an average of 34,624gns/€41,081 from 84 lots sold.

With a profitability index of 5.59, Sergei Prokofiev was one of only two first-season sires to make the top ten along with Ghaiyyath (Ire) on 4.68, the multiple Group 1 winner who stood at the much higher fee of €30,000 when covering his first mares at Kildangan Stud in 2021. Big things are expected from his first runners in 2024 after his 65 lots caught the eye in a big way at the yearling sales, fetching an average of 118,457gns/€140,549.

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Ed Harper Q&A: “What Excites Me Most Is Our Horses Winning On The Track”

It has been a big year for Whitsbury Manor Stud. From a landmark result with homebred Chaldean going on to win the 2,000 Guineas for Juddmonte, his half-sister Get Ahead selling for 2.5m gns at public auction and the continued rise of superstar stallion Havana Grey, 2023 has been the gift that keeps on giving for Ed Harper and his team.

There is plenty, still, to look forward to next year, with fellow Whitsbury-based stallion Sergei Prokofiev set to be represented by his first crop of runners and Dragon Symbol taking up his position on the roster. 

From all things Whitsbury to reflecting on the breeding stock sales, the ever-engaging Harper makes for required reading in this week's Q&A.

You must look back on 2023 pretty fondly with Whitsbury Manor Stud homebred Chaldean winning the 2,000 Guineas for Juddmonte?

We wouldn't have a lot of runners in Classic races because of the types of stallions we stand but, obviously, we use a few outside stallions every year. When you use the best stallion around [Frankel], you hope to provide yourself with a chance to step up on quality. It couldn't have worked out any better with Chaldean winning the 2,000 Guineas. 

Where would that rank?

A great milestone. It ranked very highly but I don't feel as though it was a whole heap of hard work that produced the result. For example, producing a stallion like Showcasing or Havana Grey, that takes five or six years of hard work from every team member pulling in the same direction. A result like Chaldean is a piece of good judgement in the sales ring to buy the mare by Dad, which isn't to be underestimated, but even he would admit that there is a lot of luck involved. So, you get yourself a diamond mare in Suelita, what are you going to do with her? You're going to send her to a diamond stallion. It's brilliant, and it's fantastic, but it's not comparable to the whole Whitsbury machine working together for years to make a stallion. I see the two things very differently. 

You must have got a lot of pleasure at seeing Chaldean's half-sister Get Ahead, a talented mare in her own right, selling for 2.5m gns to Ian MacAleavy's First Bloodstock? 

I'd have rathered if we didn't have to sell her! We have to remind ourselves that the function of Whitsbury is not to have a small, uber broodmare band sending mares to the best stallions on the planet. Our job is to keep small breeders alive in England because, without them, there is no breeding industry in this country. If we can sell Get Ahead and support the business in areas that help, such as the grassroots by making stallions, then that's our job. Effectively, weighing up the sale of Get Ahead, we can't be everything to everyone. You can't be brilliant at everything. It doesn't work like that for anybody. So weighing it up, we ask ourselves what our priority is. Is it looking out into the paddock and seeing the occasional super mare going to the super stallion or is it making the next stallion? We effectively prioritised the buying of Dragon Symbol over keeping Get Ahead. That's the choice we made. 

I'll go on to Dragon Symbol in a second but, when you mentioned Whitsbury supporting the grassroots players in England, I just wonder how you would look back on the breeding stock sales on a personal level taking into consideration how many smaller breeders took a kicking?

The most satisfying thing for us this year was the 20 to 30 smaller breeders who really benefited from Havana Grey. That means that some of those breeders can reinvest and possibly step up the next rung up the ladder, which is great, or, on a slightly scarier level, it means some will survive another two or three years. Without stallions like Havana Grey, that doesn't happen. I'm not pretending to have the answers as to why this is but, culturally, when smaller breeders in England stop, they stop for good. They don't come back. When small breeders in Ireland stop because, say there's a dip in the market or maybe there's overproduction, for whatever reason, they seem to have the ability to come back when times get better. I feel like we have to be the lifeboat throwing the vests out to keep some of the smaller breeders alive and, when you get it right and you help a load of people, it's very satisfying. Obviously, we're trying to run a profitable business as well, we're not a charity, but we need a thriving industry and we have to provide our clients with a chance to make money. It's very satisfying when it happens. 

Did you listen to this month's Jamie Railton podcast where Roger O'Callaghan was the guest? Roger singled out Whistbury for high praise. A lot of people would say there are similarities between how Whitsbury and Tally-Ho Stud is run. What would those similarities be?

I listened to it, yes. There's lots of other places in England who had good years, so we don't have a monopoly on that. But what do we do similar? For starters, we don't really worry what other people are doing and Tally-Ho certainly don't worry either. The one thing that we would agree on is that we need to see success scattered around the business from time to time. It can't be for one outfit all the time because that's not how a sport works. I've a few friends and connections who have never been involved in the breeding industry who have started to ask me questions about getting involved for the first time. I've known some of these people for 20 years and they've never asked me that so it's nice to think we have just pricked the interests of a few new players because we can't just have people going out of the market. We need new people as well. 

For me, one of the stories from the mares sale was your neighbour Katrina Yarrow getting 52,000gns for Havana Grey foal with the first mare she ever bought.

Exactly. And that was someone who was brave enough to listen to us when we recommended the mare. Fair play to Katrina for giving it a go. You're only ever going to find out by giving it ago and, if you don't risk too much and keep top of what you are prepared to invest, it can be a lot of fun.

Getting back to the Railton podcast, when Roger said that some breeders need to look themselves in the mirror over some of the poor results in the ring, rather than blaming the game, did you think that was fair comment?

Yea, I would agree with Roger completely. We're all good at seeing the difficulties in our game but the skill is figuring out how to combat it. Sending back the same mares, who are a year older, year after year, and then saying, 'oh, it hasn't happened for me,' is not the approach. If you asked that same person what they have done to give themselves a chance, what have they actively gone and done, they often don't have any answer for you. Some will say, 'oh, well I can't go out and buy a new mare, I had to play it safe because the foal sales didn't go well or the yearling sales didn't go well.' Well, the answer to that is no, when the foal or yearling sales don't go well, that's when you have to go out and buy a new mare! You almost have to be more active when things aren't going well. People tend to almost go back into the shell when things aren't working for them. Everyone should be trying to improve all the time. I mean, I read Emma Berry's piece with Peter Kavanagh in the TDN on Tuesday, and he made some excellent points. The bit I would completely agree with is that, part of the puzzle, and the piece of the game that we rarely talk about, is horse husbandry. It's arguably the most important part of the puzzle. From choosing stallions, to buying mares or even sending horses into training, it's all completely irrelevant if the horse husbandry hasn't been good enough. That is the area that is slipping in Britain; the horse husbandry is going the wrong way a lot of the time. Obviously there are plenty of people doing a good job but, in general, the slide is in the quality of husbandry, and that's difficult to get around. When husbandry slides, the rest of it becomes irrelevant. 

What are we talking about here? Just poorly presented foals at the sales with regards to lack of bone, poor feet etc?

Everything. The quality of the land, management of the pasture, the attention to detail on the stock, general care of the stock; it's everyday stuff. Thinking that you can just turn out horses and forget about them, be it mares, foals, whatever, horse husbandry is an everyday job. If you are not on it every day, it slips. 

I was at the pinhookers panel at Tattersalls on the evening before the foal sales where you came out with a great line when referencing a conversation you had with your accountant. I think he was questioning one of your decisions and you said something along the lines of, 'you don't get to have a say, you just keep the score!' With that in mind, and I know you won't mind me saying this, but I would say there were a few people questioning the decision to stand Dragon Symbol at Whitsbury. Lucky you don't care what other people think!

We had the same reaction with Showcasing and Havana Grey. When we bought Showcasing, I was told that the Gimcrack wasn't a stallion-making race. You had to go back to Mill Reef when a Gimcrack winner became a good stallion. What a load of rubbish that was. With Havana Grey, people were saying, why are we getting excited about a son of a stallion who was standing for eight or 10 grand, or whatever it was at the time. That made no sense to me either because, first of all, Havana Gold had already proved himself as a bloody good stallion and, also, you could give 10 examples in about three seconds of horses who were more successful than their sires. In terms of Dragon Symbol, he's very easy to defend. He was five pounds a better racehorse than Havana Grey ever was and it's about standing a quality racehorse at the end of the day. To be first past the post in a Commonwealth Cup, with himself and Campanelle six lengths clear of the rest, and to then go and be beaten just a neck behind Starman in a July Cup as a three-year-old, those are serious performances. I happened to think Cable Bay was a bloody good stallion as well. He just didn't have the rub of the green in terms of fertility and soundness, in that he had one or two issues that held him back, which was nobody's fault. He got eight black-type two-year-olds in his first crop which is better than ninety per cent of stallions and that allowed them to double his fee to 15 grand, which nobody batted an eye over. He absolutely deserved it. 

Dragon Symbol (right) | Racingfotos.com

Is it extra special bringing Dragon Symbol back to where he was bred or does it even matter?

The answer to that is I couldn't give a monkeys who bred him! It's a nice thing to talk about but it had zero influence on the decision. In fact, I think it could have the opposite effect as people might get the wrong end of the stick in thinking Dragon Symbol was a vanity project when the reality is that it couldn't be further from the truth. We're far too business-minded and commercial to worry about that sort of thing. 

And what's the vibe ahead of Sergei Prokofiev's first runners next year?

I don't even want to hear things from trainers in February, let alone December, but all I would say is that the Sergeis are very easy customers to deal with. They are relaxed and compliant. As we were saying earlier, sadly with the staffing in the industry, we don't have the time to deal with difficult horses compared to back in the day, so having a stallion who produces even-tempered and nice horses is a step in the right direction. 

We almost got to the end of the conversation without waxing lyrical about Havana Grey. I know you find it boring to continue to heap praise on him but even you must have been punching yourself over the continued support behind him at the foal sales?

It's fantastic but my pulse doesn't raise much at the sales. When we're selling our own stock for good money, we need to do that to keep the cogs turning in the right direction and to reinvest in the industry, but it's not something I get excited about. What excites me most is watching our horses win on the track. I do get nervous watching a two-year-old we thought a lot of make its debut. Even if it's a Class 5 at Wolverhampton, I'll be far more nervous about that than a horse going through the ring. The other thing that makes us happy is trying our best to help and advise people and, when it works out even better than what we'd hoped it would, that is very satisfying. Celebrating the result of our clients is more satisfying. 

 

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‘Horse First, Pedigree Second’ – Donny Rockets Take Centre Stage At Goffs 

DONCASTER, England-The vendors have answered the rallying call. That was the message issued by an upbeat Henry Beeby on the eve of the eagerly-anticipated Doncaster Premier Yearling Sale. And judging by the footfall here since Sunday, the Goffs chief has every reason to be positive. 

The Al Mohamediya Racing team have been out in force trying to find the next Jasour (GB) (Havana Grey {GB}). Top trainers Richard Hannon, Clive Cox and Ger Lyons have also been busy inspecting the stock on offer, not to mention the number of leading agents and breeze-up handlers in attendance. 

If Arqana lit the touch paper on the European yearling sale season with a booming trade, all of the ingredients are here at Doncaster for another lively session, and Beeby was left praising vendors for coming up trumps in fitting the brief that was set out to them.

He explained, “There is no doubt the vendors have stepped up and answered our call. We had a good sale last year and, when our team went on to the farms in Britain and Ireland, we asked vendors for a step up in quality for this year's sale. The vendors have done us proud and we have been very well supported by them. 

“I have looked at almost all of the horses that I am going to be auctioning myself and I am very impressed. There are some lovely horses here-horses that would grace any other first choice sale.”

Luke Barry: has a strong draft | Emma Berry

One man who has brought more than his fair share of classy yearlings to Doncaster down through the years is Luke Barry of Manister House Stud. It was at this sale where Barry sold Group 1 winners Fev Rover (Ire) (Gutaifan {Ire}) and La Collina (Ire) (Strategic Prince {GB}). He offers an 11-strong draft on Tuesday and Wednesday and reported the action at Barn B to be encouraging. 

In between organising shows for Brian Meehan, the Al Mohamediya team, Shadwell boss Angus Gold and more, Barry said, “Footfall in Donny is always good and it has been very good again this year. We have a nice bunch of horses and this sale has been very good. It's been busy but, like I said, it always is here. 

“They do a great job and people always turn out in force for this sale. We've been lucky here. We've sold a lot of Group 1 winners here. We've had luck in the ring and on the track from this sale so hopefully that continues this week.”

As well as offering some early and fast-looking types, Barry has never been afraid of throwing a nice horse who could benefit from more of a trip, into this sale while his neighbour in Barn B, Tom Blain or Barton Stud, is another consignor who has brought a classy draft of horses that features everything from a sharp Pinatubo (Ire) [428] to a good-walking Sea The Stars (Ire) [234].

However, according to Beeby, the foundations of the Premier Yearling Sale have been built on Donny rockets, which is something the sales house does not want to lose focus on again. 

He explained, “We are seeing the faces we want to see here. The industry takes this sale very seriously. It has a long, rich history. We took a long look at the Premier Yearling Sale a few years ago. We felt we had morphed slightly away from what we were always known for. We reviewed it all and thought that the most important thing was to get back to the Donny rockets.

“When I started in the early eighties and when my father was there before me, it was always about the individual. It was always about the good-looking horse. When we went into the fields with the vendors, we told them we needed a looker, and that's what we have delivered. It's horse first, pedigree second here. And unashamedly so. It works and, of all the sales, the Doncaster Premier Yearling Sale has as an identity, if not the strongest identity, of any other sale. Everybody knows what they are going to get when they walk in through these gates and we're very proud of that.”

Beeby added, “The horses from this sale have done well on the track and, the fact that we have increased the prize-money for the Harry's Half Million has obviously caught the imagination and we had a very good renewal of the sales race on Thursday. That demonstrates the quality of the horses on offer and the footfall ahead of this year's sale has been great.”

One of the fascinating subplots of the Doncaster Premier Yearling Sale each year is how it provides the first taster of how the market reacts to a first-season stallion. One horse, or at least a couple of different variations of his name, has come up in conversation more than any other over the weekend, and that's Whitsbury Manor Stud's Sergei Prokofiev, or as one leading buyer called him on Monday, 'Sergei Provoloff.'

While everyone may not be in unison on how to pronounce his name, the stock of Sergei Prokofiev has gone down well with many industry judges, and Whitsbury's Ed Harper is optimistic about what this week will bring. 

Ed Harper of Whistbury Manor Stud | Sarah Farnsworth

He said, “The past few weeks, you couldn't open the newspaper without seeing a son of Scat Daddy producing a stakes winner. It has been ridiculous. Whether it's Justify, No Nay Never, Sioux Nation, Seahenge or Seabhac, it's every day. It's unreal. I was very confident about Sergei Prokofiev being a son of Scat Daddy but it has just been off the scale. You want to come here and see a resemblance in his stock compared to the other sons of Scat Daddy and they are big, strong horses. That's what I have seen here from them-they are strong, have lots of bone and seem to have great attitudes as well. I couldn't be happier.” 

Indeed, Whitsbury Manor Stud is familiar with launching a young stallion and it's their own Havana Grey who is responsible for this sale's poster boy Jasour. An £85,000 purchase by Clive Cox from renowned pinhooker and consignor Jenny Norris, Jasour won his maiden in June before running out an impressive winner of the G2 July S. last month. 

That success sparked great scenes on the July course, with Ali Majeed of the Bahraini outfit celebrating as though he'd struck a last-minute winner at Wembley, and he was busy trying to find the next winner to toast on Monday.

He said, “We like fast horses and Doncaster is the sale for fast horses. We like coming to Doncaster. We bought Jasour, Shagraan (Ire) (Sioux Nation) and Golden Horde (Ire) here. We bought two in France last week. One was by Golden Horde, so we wanted to support him, and the other was by Hello Youmzain (Fr). We're happy with how the yearlings by Golden Horde have sold and there is a filly here [219] by him as well. The majority of them will sell in France, where Golden Horde is standing, but hopefully when buyers see more of his yearlings they will like them.”

Majeed added, “We are very happy with how racing in Bahrain is developing and improving. We had a Group 2 there this year and hopefully there will be a Group 1 next year. We really enjoy coming together for the racing and the sales. It is one family and one group of people involved and that's why we enjoy it so much. The sales in France were very strong but, here at Doncaster, you can buy the fast horses. We look for speed.”

There will be no shortage of speed on offer here over the next two days with the sale kicking off at 10 am on Tuesday. 

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From France To Doncaster: The Key Pointers For The Premier Yearling Sale

DONCASTER, England–A serious tempo was set to the European yearling sale season at Arqana last week with strong trade recorded in the August and V2 sales. If the momentum is to continue into the Doncaster Premier Yearling Sale this week, Goffs could be in for a productive week. 

G3 Princess Margaret S. winner Sacred Angel (Ire) (Dark Angel {Ire}) was sourced here 12 months ago for £52,000 while similarly smart two-year-old Jasour (GB) (Havana Grey {GB}) cost £85,000. 

Both juveniles have flown the flag for the Donny yearlings with their exploits on the track this season and, judging by the footfall on the sales ground on Sunday, there is a long queue of buyers eager to find the next Sacred Angel and Jasour. 

The two-day sale kicks off on Tuesday at 10am and there are plenty of pointers to take from Arqana that could shape the way things play out at Doncaster and beyond. 

Blue Point Here To Stay

There was huge expectation placed on Blue Point's first runners this season and he has lived up to his billing with a Royal Ascot success and 25 individual winners in Britain and Ireland alone. 

Big Evs (Ire) has been the flagbearer for Blue Point (Ire), with Mick Appleby's colt following up his Windsor Castle victory at Royal Ascot with a Group 3 success in the Molecomb at Goodwood before running down the field in last Friday's Nunthorpe. 

Blue Point has eight horses rated 90 or above in Britain and Ireland and these are the sort of statistics that are willing buyers to reinvest in the Kildangan Stud-based stallion's yearlings. 

An average of €191,364 for 11 yearlings sold at an aggregate of €2,105,000 at the August Sale would suggest that Blue Point has more than justified the belief placed in him by breeders. His yearlings won't be easy to buy this week.

Pinatubo and Earthlight Off To A Strong Start

The strength of the Darley roster was there for everyone to see at Arqana. If it wasn't a son or a daughter of Dubawi (Ire) selling for a couple of million euros, well then it was one of the legendary stallion's sons Night Of Thunder (Ire) or Ghaiyyath (Ire) who were catching the imagination. 

Pinatubo (Ire) was the one of the most popular freshman sires at Arqana while fellow Darley stallion Earthlight (Ire) certainly struck a chord with his first yearlings. 

Of the nine Pinatubos to sell in the August Sale, they averaged €195,000 with buyers including Wesley Ward, Oliver St Lawrence, Robson Aguiar and more. 

There are three Pinatubos and eight Earthlights on offer at Doncaster. One would wager that they will be in high demand. 

Sergei Set To Make a Splash

If the first yearlings by Sergei Prokofiev (Can) are as popular as the foals were, the Whitsbury Manor Stud-based stallion could be in for a good week.

Sergei Prokofiev embarked on his stud career on a fee of £6,500 and rewarded breeders with an average of almost £30,000 for 52 foals sold in Britain and Ireland in 2022. 

Last weekend was a good one for the Scat Daddy line, as pointed out by Coolmore's Mark Byrne on Twitter, with Ten Sovereigns (Ire), Justify, and Sioux Nation responsible for a number of smart winners. 

Good judges Julie Woods, Freddy Tylicki, Larry Stratton, Harry Dutfield and Tom Whelan nominated the progeny of Sergei Prokofiev as being ones to keep the right side of in the TDN last year and plenty can be expected from him this week. 

Hello Youmzain One To Take From France

Fair to say Hello Youmzain (Fr) really captured the imagination at Arqana. Etreham's newbie had 19 sell for an average of €128,789 in the August Sale and 12 sell for €42,458 at V2.

Many are tipping him to scoop champion first-season sire honours in France next year and it's easy to see why given how well his stock was received.

The dual Group 1-winning sprinter is represented by two yearlings this week and the momentum could continue to build behind Hello Youmzain at Donny.

Golden Horde A Dark One?

Golden Horde has just one yearling at Doncaster [219] but he could be an interesting sire judging by how his first yearlings were received at Arqana.

They came in different shapes and sizes last week, with Peter and Ross Doyle signing for a strapping colt from Anna Sundstrom's Coulonces draft for €80,000 in the August Sale catching the eye. Six of the seven yearlings by the G1 Commonwealth Cup winner sold for an average of €35,833 at the V2 Sale and it was notable that Richard Fahey, Jean-Claude Rouget and Sheik Sultan Al Khalifa featured among the list of buyers at V2. 

Standing at Montfort et Preaux for €8,000, Golden Horde won't have many yearlings to represent him in Britain and Ireland this year. Along with lot 219, a filly consigned by Kildaragh Stud, Golden Horde has a couple of yearlings to sell at Book 3 at Tattersalls. 

Nevertheless, judging by his stock at Arqana, Golden Horde remains an interesting young sire at an affordable level.

Breeze-up Handlers Out In Force

Kenny Rogers famously said that one of the gambler's secrets to survival is knowing when to walk away from the table and there was plenty of that in France from the breeze-up fraternity. 

While Mick and Sarah Murphy from Longways Stables picked up five yearlings, Tally-Ho Stud added two and different operators like Matt Eves of Star Bloodstock were dotted around the sales results across both sales, the trip to Deauville didn't yield much for the majority of breeze-up handlers.

This will be the week where many operators buy their first breezers for the upcoming season and that will add to what is expected to be strong trade. 

Other Newbies To Note

We were provided with an early glimpse of the yearlings by Arizona (Ire), Kameko, Mohaather (GB), Threat (Ire), Without Parole (GB) and Shaman (Ire) at Arqana but Doncaster will mark the debut Far Above (Ire), King Of Change (GB), River Boyne (Ire) and Sands Of Mali (Fr).

Of that bunch, Mohaather could be the pick. His sole yearling failed to sell at the August Sale but he has a nice bunch of yearlings to go under the hammer this week and, with a foal average of over £40,000 last year, plenty can be expected from his yearlings.

 

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