Tag: Shadwell

Angus Gold: ‘You Could Never Underestimate The Significance Of Baaeed’

In this week's Starfield Stud-sponsored Q&A, Brian Sheerin speaks to the long-standing Shadwell racing manager Angus Gold, who explains why Baaeed (GB) (Sea The Stars {Ire}), recently crowned the highest-rated turf horse in the world, came along at a hugely important time for the operation and much more.

 

Brian Sheerin: To what degree do you think Baaeed (GB) helped to secure the future of Shadwell given he reached his pomp during a difficult time for the operation?

Angus Gold: I don't think it could be overstated how important Baaeed coming along–and the timing of it–was. It was extraordinary, really, as Sheikh Hamdan spent a lifetime in this business and had been trying to breed these top horses. He sadly died in March but then Baaeed came along in June and turned out to be a real champion. I was quoted on this before and I appreciate it might sound weird to some people but it was almost as if Baaeed had been sent to help his family to take on the mantle and show them what could happen when you get lucky and get a top horse in this sport. The timing of it was extraordinary and very relevant.

Obviously Sheikha Hissa is fascinated and very interested in the business but I'm not sure the rest of her family were as interested as she was from the outset. Racing and breeding was very much Sheikh Hamdan's thing but she was very keen to learn and get involved whereas I'm not so sure the rest of her brothers and sisters shared that enthusiasm. For them to be able to share a horse as good as Baaeed, when they are now all doing it together, I think it was extraordinarily important. To have a proper horse like Baaeed come along, it gave everyone a lift. Everyone was struggling when Sheikh Hamdan died as he was a remarkable man. To go back to it, the timing of Baaeed was hugely significant and you could never underestimate the significance of Baaeed to everyone, and particularly Sheikh Hamdan's family.

 

BS: You could say that the Aga Khan was placed with a similar dilemma when his father died so it's fantastic that Sheikha Hissa has continued the legacy.

AG: It would have been terribly sad if they decided not to continue the legacy. But, let's be realistic, it costs a lot of money to run an operation the size of Shadwell so it was understandable that they didn't want to continue with the numbers that they had before. As well as everything else, it is important that we generate a bit of income to help finance the whole show. With Minzaal (Ire) at Derrinstown, Baaeed at Nunnery, to go with Tasleet (GB), who has had an encouraging start, Eqtidaar (Ire), who we need to try and get more mares to and Mohaather (GB), who has had some nice foals, we can start to get a bit of income in which should offset some of the costs involved in running the operation. That will help them going forward.

 

BS: I saw William Haggas speaking the other day where he mentioned that he felt he ran Baaeed in the wrong race on Champions Day. What way do you look back on Baaeed's career? Is it tinged with regret, like William, or is it more closely related to thanking your lucky stars for coming across what was officially the best turf horse in the world last year.

AG: How could you be disappointed? Maybe William is looking for perfection. I wouldn't say we ran him in the wrong race at all. To me, it was the ground that was against him in the Champion S. Pure and simple. Other people might have different theories but it was very obvious early in the straight at Ascot that it wasn't going to happen. He was struggling and couldn't pick up on that ground.

It's very rare in my experience to find a horse who is as effective on heavy ground as he is on top of the ground. Obviously, Frankel (GB) won on very bad ground, which shows how remarkable he was. But, for me, I would never say it was the wrong race to have run him in. I would have loved to have run him in the Arc because it's the greatest race in the world. But that would have been completely the wrong race to run him in as it turned out with the way the ground came up. I think we ran him in the right race but the conditions went against us.

I always wanted to step this horse up in trip because that is what his pedigree suggested but we didn't get to do it because he kept winning top-class races over a mile. It was his class and his speed that made us keep him over a mile for as long as we did. It wasn't until York until we got the chance to step him up in trip and everyone saw how brilliant he was that day. I was disappointed for the horse. I would have loved had he gone to stud unbeaten. But how could anyone be disappointed with a horse who had done so much for us, the operation and the general public? He won 10 out of 10 before [his] first and only defeat. Not many do that.

 

BS: John Oxx took part in this Q&A at the beginning of the season where he explained how happy he was for Sea The Stars (Ire) to have a top-class miler. I know you are quoted as saying you were surprised by the speed Baaeed possessed given his pedigree. With all of that in mind, what do you think the overriding influence Baaeed will have at stud and what type of mares have been booked in to see him this year?

AG: His pedigree is more middle-distance but, as John said, Sea The Stars had the class to win the 2000 Guineas. Slow horses can't do that. He was an extraordinarily classy horse who was able to carry his speed over a-mile-and-a-half. I was purely surprised by how much speed Baaeed had for his pedigree but, then again, he looked a sharper horse. Physically, he's a strong, powerful horse who looked like he might be more of a shorter runner but then his full-brother [Hukum (Ire)] stays a-mile-and-a-half well. I'm not clever enough to tell you but I would imagine he will breed plenty of middle-distance horses but, equally, if he breeds them like himself, obviously he's going to put a bit of speed into them. I would imagine he will get a selection but I have learned over the years that you should never ignore pedigree and he's by a horse who had the class and speed to win a Guineas but also won a Derby and an Arc and is from a staying female line. I would expect him to get a lot of high-class middle-distance horses, like Frankel and Sea The Stars. If he is half as good as they are, I think we'll be doing alright.

 

BS: You touched on Minzaal. I was at Derrinstown for the Irish Thoroughbred Stallion Trail where nominations manager Joe Behan spoke of the massive buzz that he has created there and how he has proved something of a tonic for the place after the passing of Sheikh Hamdan.

AG: Firstly, we all miss Sheikh Hamdan, and I spoke to him most days in my life. We also missed his guidance and nobody knew what was going to happen after he died. Also, we had to sell a lot of horses in a short space of time when he died. Again, that is not a secret. For Derrinstown, Tamayuz (GB) had just retired so they needed fresh blood and it was lovely to get a horse like Minzaal, a very good sprinter, who will hopefully attract a lot of mares and breathe new life into the place.

 

BS: Was that the thinking behind sending Minzaal to Derrinstown? Was it that there was a void that needed to be filled or did you think that he was a stallion who would do particularly well in Ireland over anywhere else?

AG: I used to say to Sheikh Hamdan that our responsibility is to feed the studs. Whether that's England, Ireland or America, although that is a bit more polarised now, it's imperative that we try and blood new stallions but everyone in the business will tell you hard it is to do that. I've done this job for 36 years now and I've seen how few good horses manage to get retired to stud. It's vital when you have an operation the size of Derrinstown, you need to be getting stallions in there. It was really important and, as Joe said, it should give them all a lift and hopefully we can get a lot of decent mares into him.

 

BS: Speaking about the stallion roster, you must have been thrilled by how Mohaather's first foals were received last year?

AG: I don't like to beef horses up because I am old-fashioned and I prefer to let them do the talking but, in my experience, Mohaather was out of the ordinary as a racehorse. What he did that day in winning the Sussex, I haven't seen a turn of foot like that since Kingman (GB) won the Sussex himself. I think he was a well above average horse. I mean no disrespect, but I think if he was trained by a John Gosden or an Aidan O'Brien, I think more people would have realised how good he was. Just because Marcus Tregoning has a smaller string, I don't think people appreciated what a good horse he was.

He's an important horse for us but you've got to see that transferred and people liking the offspring, and right throughout the year, even before the sales, I kept getting good feedback on the foals he was producing. That was a lovely thing to hear but obviously you want to get to the sales and see them for yourself. I think we saw athletic, strong-bodied foals with a good walk and attitude by him. Physically, they looked the right type, and to see some of the people who bought them was important. It has been a very encouraging start for him.

 

BS: At what point were you given the green light to go and buy yearlings again last year?

AG: There wasn't a point. Sheikha Hissa said to me that she was hoping to come to the sales and, when she did come over, she expressed how she wanted to mainly concentrate on fillies because the stud is the most important thing and we needed to get some fresh blood in. We only bought one colt, who funnily enough is by Showcasing (GB) and is closely-related to Mohaather, but the rest were all fillies. We bought two well-bred fillies for a lot of money in Book 1 and then Sheikha Hissa came back and we bought some more in Book 2. It's going to be a long and slow process building everything back up. We were so lucky last year the way everything came together but obviously we are going to miss the superstar Baaeed this year. We know we are going to be quiet for a while but it was lovely to see Sheikha Hissa's commitment to building the studs back up and hopefully we'll get the odd stallion along the way.

 

BS: You bought a good mixture of yearlings. There were Showcasings and Siyounis (Fr) but you also bought some of the progeny by the unproven stallions as well. Was there a particular type of horse you targeted?

AG: There's never a set policy. Some people say that they don't want to touch horses by unproven sires but Too Darn Hot (GB) is a beautifully-bred horse and was obviously a high-class racehorse. Look, we don't know if they can run but you've got to go with your gut instinct and there's every reason why he'll make a good stallion. We also bought a couple of fillies by Land Force (Ire) who is a beautifully-bred horse who showed plenty of speed. He probably didn't retire to stud with the race record that they would have hoped for initially but he's a very good-looking horse and I loved the stock by him. I see no reason why he won't get runners.

You have to take a chance on some of these things and hope they come off. It's very interesting, I've been in Australia for the past few weeks and I've been keeping an eye on how the Too Darn Hots and Blue Point (Ire)s have been selling. They have sold really well. In a perfect world, you would go with proven stallions, but I have found that over the years we have done well with going for unproven horses. As long as they come within budget and are within reason, you've got to give it a go.

 

BS: You've been Shadwell's racing manager for 36 years. Who would you say have been your biggest influences?

AG: I can never think of a clever answer. I got very lucky in that I started off working in the racing business and then I went to London to work in the city in insurance for four years. I decided that it wasn't for me and I wanted to get back into horses. Michael Osborne, who ran the stud at Sandringham, was good enough to take me on and give me a chance. I spent two seasons there, so he was hugely important in my life and pushed me in the right direction.

You need to get lucky along the way and so many people helped me, including Hubie de Burgh, who interviewed me for the job with Sheikh Hamdan. I was 27 years old when I was interviewed for the job and had absolutely no experience at all. I have just kept my head down and they have let me learn from my mistakes. You just hope to learn from the many top-class people along the way. I've just been very lucky to have worked for such a patient man who was so passionate about the business.

 

BS: It takes a bit more than luck to hold down that position for such a long time. For such a big job, you've clearly had a lot of fun and still do have a lot of fun doing the job.

AG: Sheikh Hamdan was my boss and I did what I was told within reason. If I felt we were doing something wrong, I would tell him. We had a good working relationship and he was passionate. That was probably the best thing of all; the passion he had for racing and breeding. There aren't many people in his position who are willing to put in the time that he did. He used to watch the videos of the mares and foals that he would be sent from America and Ireland and he watched every single race and then go back and watch the replay when he was finished work.

He was the minister for finance, so he was working hard during the day, but he managed to fit in time to keep on top of the whole operation. He was incredibly hands on and every mating went through him. You learn that, the great thing about this game is, once you start to think you know something, something will come along and prove you wrong. You learn never to get too big-headed and to take what comes. You could buy the most beautifully-bred horse for an awful lot of money and it could get a respiratory infection and never be the same again. That's why, when you get a horse like Baaeed, he needs to be celebrated.

I enjoy working with people and was just very lucky to work for a man like Sheikh Hamdan for so many years. Every time I think I'm having a bad day, I think back to the time I was sitting on a tube train going to work in London with a lot of people who hated doing what they were doing for a living, I realise that I am lucky enough to wake up in the morning and go looking at horses on the gallops or do whatever it is that I am doing on a given day. It's been a big lesson in life for me to try and enjoy what you do in life. If you're lucky enough to have something that interests you in this game, you are well ahead of the rest of the field already. We're not curing cancer or doing anything particularly clever. In this case, all we are trying to do is buy and breed horses who run faster than others. I'm still fascinated by it and still love it. I'm very lucky to do something that I do love.

 

BS: When you speak of this game having an unrelenting ability to tame lions, there was a story you shared about Makfi on the TDN Aus Podcast that illustrated best how this game can humble you and how loyal Sheikh Hamdan was as well.

AG: His phrase was, 'we had no luck with this horse.' It was an emotional time for me. I felt very small and felt awful for the people at Derrinstown who bred the horse. I was told to get rid of a lot of 2-year-olds who weren't looking as though they were going to measure up and, at that stage, it didn't look like Makfi was. He came out and made fools of us by winning the 2000 Guineas the following year. It was a huge learning curve but to have Sheikh Hamdan in my corner, and for him to behave in the way that he did, he was unbelievably classy and said, 'we had no luck with this horse now forget about it.'It was the most humbling thing that happened in my professional life. I felt so bad for so many people. I offered to resign at the end of the year and he got very angry. He told me to forget about it and that was the class of the man that he was.

 

BS: Last year proved that life after Sheikh Hamdan is not all doom and gloom for the Shadwell operation. What can we expect to see from Shadwell this year in the sales ring?

AG: It will be built up slowly. We've trimmed it down, as the family wanted, and they are learning. I don't expect to be back buying to the level that we were. Sheikh Hamdan was extraordinary. He supported this business immensely. Even I was taken aback by the amount of horses he would buy and the support he showed people. People like him are one in a million. All I want to do is help Sheikha Hissa and her family for as long as they want me and to build things back up again. I don't mean numbers, I mean quality. I want to get it on a sound footing for them to take forward and enjoy long after I am gone.

 

The post Angus Gold: ‘You Could Never Underestimate The Significance Of Baaeed’ appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

‘The Past 12 Months Have Not Been Easy But Minzaal Has Provided A Buzz Again’

Out and about on the opening day of the Irish Thoroughbred Stallion Trail

One of the early highlights of the year for pedigree buffs and casual observers, the Irish Thoroughbred Stallion Trail, got underway with a bang on Friday with heavy footfall reported at over 30 of the stallion farms taking part in the two-day extravaganza. 

The TDN Europe team were out and about in the Kildare area on Friday and visited Kildangan Stud, The Irish National Stud, Yeomanstown Stud and Derrinstown Stud before venturing further south on Saturday. 

Don't let the sunny snaps fool you, Friday was another bitterly cold day, but Night Of Thunder (Ire) warmed the cockles followed by emerging forces Earthlight (Ire) and Ghaiyyath (Ire) at Kildangan Stud. 

In fact, such was the quality on show at Kildangan Stud, nominations manager Eamon Moloney described the current collection of stallions on offer at the Irish arm of the hugely-powerful Darley operation as the best he's seen during his time at the helm.

Moloney said, “We've had good horses here in the past but we have a mix of stallions who are operating at the top of their game, like Teofilo (Ire) and now Night Thunder climbing his way to the top-and you don't know how far he might go-right through to Ghaiyyath, Earthlight and Blue Point (Ire) with his first runners this year. I don't think we've ever had a more exciting roster. “

It was not just the seasoned breeders who turned out in their droves, either, on Friday. Moloney reported a good mixture of industry stakeholders and families searching for an alternative day out to be coming through the gates at Kildangan and predicted Saturday to be even busier. 

He said, “The Thoroughbred Stallion Trail is a very important initiative. It provides you with an opportunity to showcase your new horses and gives everyone a chance to see them in the flesh. A lot of breeders have been here already but they love coming back to see the stallions a second time. There's also a social aspect to the whole thing and the amount of new people who come through the gates for the Thoroughbred Trail-we've even attracted clients who had never been involved in this industry prior to the initiative, so it's very important. “

It won't take a genius to sell Ghaiyyath to breeders. He may be a Dubawi (Ire) and his dam was no giant, but this boy commands attention wherever he goes, with his giant stride and powerful makeup clearly capturing the attention of those in attendance on Friday. 

Moloney commented, “I don't think we had one negative comment on a Ghaiyyath or Earthlight foals. Not one. The Earthlights are just so sharp and strong. I really think they have a huge chance. With Ghaiyyath, people seem to stop and stare at him in silence. His foals are the same-they are very athletic. I think we are in very good shape, to the point that Ghaiyyath will cover his biggest book of mares in his third season, which isn't the normal trend. He's not your typical Dubawi-he has this big walk and has great presence. Those great horses seem to have presence.”

He added, “We've had a good mixture of breeders who are going to be sending us mares and families who are making a day of it viewing the stallions. There are plenty of racing enthusiasts as well, and they love coming to see the horses up close in the flesh, so there's a great mix. It's brilliant.”

“We're very pleased and it has provided us all with a lift here at Derrinstown. He's a Group 1-winning sprinter and was an absolute flying machine as a racehorse so we're all very excited about him,” – Joe Behan. 

Geographically, Kildangan is just over 10 minutes from the Irish National Stud, and many of the same faces made the short journey to see Invincible Spirit (Ire), Lucky Vega (Ire), Phoenix Of Spain (Ire) and more. 

Lucky Vega | INPHO/Morgan Treacy

At 26 years young, Invincible Spirit has been there and done that and is widely recognised as one of the best producers this country has to offer. But standing on the opposite side of the long row of boxes at the beautiful Irish National Stud could be the heir to Invincible Spirit's throne, the powerhouse that is Lucky Vega, who has done extremely well since he retired from racing and is letting down into a bull of a stallion. 

Lucky Vega showed top-class form at two, including when carrying the colours of Yuesheng Zhang to victory in the G1 Phoenix S., and his owner's pursuit of top-class broodmares to support the young stallion was one of the major stories to emerge from 2022. He certainly won't lack for support. 

Nor will Minzaal (Ire). Derrinstown Stud manager Joe Behan admits that the past 12 months have not been easy for anyone working with the operation after the man he affectionately refers to as 'the boss,' Sheikh Hamdan Al Maktoum, passed away. 

However, Group 1-winning sprinter Minzaal is proving a beacon of hope at Derrinstown and is understood to be oversubscribed already such is his popularity among breeders.

Behan explained, “Minzaal is going down very well with all the breeders. There has been nothing but positive comments on him today and he's taking everything in his stride. He's a good model, very correct and makes great use of himself. He has a great walk and has a nice bit of length and scope to him as well. 

“We're very pleased and it has provided us all with a lift here at Derrinstown. He's a Group 1-winning sprinter and was an absolute flying machine as a racehorse so we're all very excited about him.”

He added, “There is a buzz around the place. The past 12 months have not been easy since the boss passed away so, to get that buzz back and have everyone rowing in behind Minzaal now, it means an awful lot. It's great.”

Great, too, is the confidence behind Invincible Army (Ire) at Yeomanstown Stud. Dark Angel (Ire) is still very much the daddy of them all at Yeomanstown but, despite the fact they are facing into one of the hottest years one can remember in terms of the fight for first-season sire honours, the O'Callaghans are predicting big things from Invincible Army this year.

Rob O'Callaghan said, “We're very confident with Invincible Army. He's got great stock coming through and has a lot going for him with over 130 2-year-olds this year. They are well-bred horses and they've got the strength, the action and they have gone to the right homes as well. Karl Burke, Richard Hannon, Ger Lyons, Richard Fahey and Clive Cox have all bought yearlings by him and he's got as good a chance of any of the first-season sires to make a big impression this year. You've got to remember that he was a top-class racehorse and was a Group winner at two, three and four.”

Friday was the only day that Yeomanstown opened their doors to the public and O'Callaghan labelled the initiative as a success before pointing to the fact that many breeders visited with a view towards getting a glimpse at some of the younger sires the stud has to offer. 

He added, “Technically, this is our only day on the Thoroughbred Stallion Trail but we are open every day of the year. We've plenty of shows booked in for tomorrow [Saturday] and the past few weeks have been very busy with showing. We'd a busy morning today with a lot of people starting the Trail here and working their way on to other studs. 

“It's been a good day and we've had a good mixture between breeders and casual visitors. We're glad to have them and it's good to see people enjoying their day. When you have a new stallion it's always busier. Also, a lot of people like to come and see a stallion in his second year at stud to see how they have progressed during the summer.

“These stallions change so much from year one to year two. It's amazing and I think it's important for breeders to come back to see a horse in his second year at stud to get a proper viewing. It's hard to judge a horse straight out of training because they are fit and go to stud off the back of a hard two or three years galloping. When they have had that first year's covering and a summer of grass under their belt, they change a lot.”

The post ‘The Past 12 Months Have Not Been Easy But Minzaal Has Provided A Buzz Again’ appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Group 1 Winner Hukum Training Towards Summer Return

Shadwell's Group 1 hero Hukum (Ire) (Sea The Stars {Ire}), a full-brother to the once-beaten multiple Group 1 winner Baaeed (GB) (Sea The Stars {Ire}), will stay in training as a 6-year-old this year.

The rest of the 2022 G1 Coronation Cup victor's campaign was derailed by a hind leg injury acquired during that 4 1/4-length defeat of 2021 Coronation Cup scorer Pyledriver (GB) (Harbour Watch {Ire}). After surgery to insert three screws, the Owen Burrows trainee is now back in training after a lengthy break, and will be targeted toward summer prizes.

Shadwell's racing manager Angus Gold said of the six-time group winner, “He has been back in training a while now, so as long as he stays in one piece, he will remain in training. There isn't a plan. There is no point having a plan in January, as we don't know if he will be sound in the middle of February.

“I would think he will be out from the middle of summer onwards. We need to take one step at a time with him. There is no point making a plan in case it all goes wrong.

“Hopefully we can stay on track.”

The post Group 1 Winner Hukum Training Towards Summer Return appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Stauffenberg Q&A: ‘If You Didn’t Get Paid This Year You Did Something Wrong’

   As entertaining as he is brave, Philipp Stauffenberg has dominated the top bracket of the pinhooking table despite buying only a select number of foals each year.

   Stauffenberg was once again in the spotlight in October when five of his yearlings took Tattersalls by storm when selling for a combined figure of 2,345,000gns at a memorable Book 1 sale. 

   Back at Tattersalls, where he was searching for his next Book 1 star at the December Foal Sales, the never-boring and cigarillo-smoking Stauffenberg spoke with TDN Europe's Brian Sheerin about his approach to pinhooking, love for breeding, family history and much more. 

   Stauffenberg went on to add another foal to his portfolio at the December Breeding Stock Sale at Arqana, a €150,000 Hello Youmzain (Ire) filly. He also sold four foals at that sale and explains the reasons why they were offered at public auction below. 

Now that the foal sales are almost finished for 2022, how would you sum up buying in the current market?

Very tough. If you wanted to buy quality, the prices had risen and, overall, the selection of foals in that top bracket was very small. Quite often you can find the nice horse without the pedigree or else you have the page and the physical does not match up. I like to buy the physical and some of these physicals just didn't have a strong enough page for me. The problem for me is that we do all of the work back home in Germany. All the foals come back home to Germany and we prep them there. I have to focus on the Book 1, Book 2 or Orby horse, as that is where the market has the best chance of holding up. In is very difficult doing these high-level pinhooks. Obviously, you have a reduced number of people who are able to afford these high-end yearlings so, if I buy a foal for say €200,000, a lot of trainers and owners will automatically say that it will be out of their range when it comes to the yearling sales. For that reason, it is a little bit of a risk to buy in that bracket but, when it works out, it's very good. The other problem I face is, I just can't buy the numbers. Nowadays I buy seven to 10 foals. We are a small operation. I have a few principles on how I want to raise these horses so we keep only a very small number on the farm so we never overstock. I have just 39 boxes on the farm and these are all limiting factors. So, if I was to go to pretty much all of the sales and buy horses at every level, I would completely lose control. This is why I focus on the few sales and limit my selection process. 

I know you said you are concentrating on the top bracket but I noticed you bought a few speedier types on pedigree at least–two Dandy Mans (Ire) and an Advertise (GB)-at the foal sales at Goffs.

Buying that Advertise filly happened more or less by accident. I didn't target that filly. I was looking at other foals and I saw her out of the corner of my eye and really liked her. I bought her and, yes, there is hope that Advertise will produce some very good 2-year-olds and she is a lovely physical and I really adore her. I just thought they were racehorses. Whether they will be successful pinhooks, I don't know, but I think they are racehorses and that's why I bought them. 

Are you down on numbers for this year given you bought only two foals at Tattersalls?

I am happy with what I bought. I got six foals at Goffs and only two here at Tattersalls. I have some very nice colts but I am lacking the high-end filly. There was a better selection of high-end fillies here at Tattersalls on paper than at Goffs but the owner-breeders, Juddmonte especially, were so strong. The value was not there for me. I underbid the Lope De Vega (Ire) filly that Juddmonte bought for half a million-I went to 480,000gns-but, paying that price, your margin becomes very thin when you are buying for resale. I just wanted to have her. She was the one I liked the most of all the filly foals here. But I didn't succeed. I bid 600,000gns on the sister to Chaldean (GB) and she sold for one million. I formed a special syndicate to buy Chaldean when he was a foal but, again, Juddmonte were strong on him and already owned half of him. I just had to leave him behind as well. So I fended off all of my competitors on these high-end foals but when the owner-breeders, who are the people you want to be selling to the following year as yearlings, come in and bid strong, you cannot compete with that.

That was the major theme to develop at Tattersalls with Juddmonte, Shadwell and Moyglare being so strong. It must have been fairly demoralising going head-to-head with operations of that size?

Yea, it is in a way. You do your selection process and target these horses, then you try to think about what kind of money you will have to spend and, when it comes to the bidding, you can even go beyond your limit to try and get it and then you don't succeed. Obviously that is tough. But anyway, you have to cope with that. It's how the whole thing works. I only had a very short list of these fillies so, when you target them and cannot buy them, it is a little bit frustrating. 

It seemed like a lot of buyers were zoning in on the top of the market. Perhaps the thinking there is that, if there is a bit of a downturn in the economy, they will have the yearlings to sell to the recession-proof operations?

I think so. It is not only us but some of the pinhookers who have been operating at that high level, they have been really well-rewarded. The thinking is that it is a safer option. Okay, you have to spend a little bit more money but it might be better in the reselling process to focus on that bracket. Whether we have a year like this again, that is a question mark. We had a very special situation this year where Sheikh Mohammed and his son were incredibly strong on the high-end yearlings. Their spending impacted every other level of the market because the high-end buyers couldn't succeed at the top level against him and were forced to drop down. There was a knock-on effect and it lifted everything.

There was a cloud of doubt hanging over the yearling sales this year so, given what transpired, how surprising was that?

If you leave our little bubble, you have the war in Europe, which we haven't had since World War II, all the other problems the industry is facing with the situation in China and the supply chain, and the fact we had the coronavirus for two years as well. You had to be worried but the yearling sales turned out to be sensational. People say to me, oh you had a tremendous year, how do you do it? I think that is wrong. I might be a little bit more in the limelight through some big prices but, the truth is, anyone who had a half-decent horse made a profit this year. Whether it was a breeder or a pinhooker, it didn't matter, the whole market was so strong. If you didn't get paid this year, you did something wrong. You can't blame others. This year was the year for everybody and I think that was reflected in the foal sales and even more so now in the sales of mares. It's madness. It really is. I looked at every foal I felt would get into Book 1 and 2 at Tattersalls as well as high-end Orby types and, let me tell you, what some of my colleagues spent on foals that I would not like to touch was amazing. 

You mentioned the war in Ukraine. Unfortunately, war is something your family knows all too much about. Can you tell us a little more about that?

My grand-uncle tried to assassinate Hitler but failed. The whole family was sent to a concentration camp after that. It was obviously a very difficult situation but, because it happened towards the end of the war, nobody really wanted to take over the responsibility of killing the entire Stauffenberg family. The order came from the German government for all of them to be killed and quite a big number of them were. A lot of my family were shot after it happened. My father told me all about his own situation in the concentration camp. He told me about how they were on the walk to death, as the German government had found someone who was willing to kill them all, but thankfully they were freed by the Americans. It's a relief that I am here today and I feel lucky but it does not really influence what I do in my life. Sometimes, you have to factor in what is going on in that world and how many people are in that same situation in Ukraine right now.

The war in Ukraine could have had a much more detrimental effect on our industry. 

Definitely. Okay, it's happening in Europe and is very close to us so it's overall very worrying but the war and the coronavirus have had a big impact on the way people do things. I have never seen so many poorly raised foals because of the costs involved-the price of everything has gone up. Don't forget we didn't have the easiest of years with the drought, either. This was also a major factor as well. Maybe that is why there was a smaller selection of foals but a lot more breeders may have decided not to sell their stock as foals due to the strength of the yearling market. They had too much money left over on the table so maybe a higher number of the better foals from this year's crop will be offered as yearlings next year. The pinhooking game is about getting value when buying foals. You have to weigh up if the foal has been underdone just because the people who prepped it didn't do the best possible job or whether the basics have not been laid with that foal. If the foal has had a poor youth, then you lack a foundation to be able to build them up. For example, if the bone substance is not there because they have not been raised properly, they will never make it as racehorses. The aim is to buy a really good racehorse and make money on the way. That is necessary to keep the whole thing going. But at the end of the day, if you don't sell good racehorses and only sell nice show horses, it will not work. 

Can you give us an idea of what kind of work you do with the foals between now and the yearling sales?

In the first few weeks, you have to look after them especially well because they have gone through a pretty difficult process. They have been prepped, which is one thing, and then the sales with all of the shows can be quite demanding. You have to be careful that these foals don't fall into a hole when you buy them. They normally live out 24/7 but we bring them in every day to check temperatures and give them a chance to lay in the straw or whatever. But they more or less live outside all of the time. You have to keep a close eye on how they are. That's very important, especially at this time. Luckily, I have had fewer foals who need to be wrapped up all of the time. I just hate these foals who have been pampered going to the sales. They are just not tough enough to live out all of the time so you may have to adjust one or two things for these ones. You can't leave those ones out day and night because it gets quite cold with us in Germany. It's an individual process but the goal is that they will all live outside in time. It's a natural approach and it's the same for when we prep them as yearlings. We don't keep them in the boxes during that time. All of them go out, depending on the weather, but usually they all stay out at night until the beginning of September. After that, they get turned out for between four and six hours per day. It's much more labour intensive and I need more staff to do it this way. For me, the horse comes first and, in nature, they wouldn't stay the whole day in a box and not be moving. That's why I like to have them out as much as possible. 

It's a big family operation with your wife Marion and daughter Alexandra heavily involved at the sales which must be a big help?

It's fantastic that it is like that. Alexandra studies in London but when I ruptured my Achilles tendon, I could not do anything with the yearlings and it was difficult to find staff so we managed to persuade her university to allow her to come back and work with us. She had to do an internship in the bracket of luxury goods and we managed to convince the university that we are dealing with luxury goods. This allowed her to come back and work with us and continue her studies. She always loved the horses and I was really happy to have an assistant this year. Whether she will continue in horses when her studies are complete, we don't know. 

When you think of this game objectively and explain what you do to people outside of the industry, spending six figures on a foal in the hope of turning it into a million-Euro yearling, it's all a bit crazy, isn't it?

I think about that more than you would believe. I think I am a realist. You may not believe that but I have my feet down on the earth and I am realistic about what can happen. It has just developed this way but I know that I am mad to be doing what I am doing. It is madness. Even I can admit that. It is mad and I am mad to be doing it. 

Has there ever been times where you thought it was too mad?

Again, I am thinking every moment like this. It is a high-risk thing. The way I do this, I select and buy the foals first and when I have finished my shopping, we start to split the horses up between different partners. That is a long process because it is difficult to please everyone. I'm not doing this, for example, in a way where everyone has to take 10 per cent of every horse, it's all different. Some may want 20 per cent in one and nothing in the other. It is up to me to try and balance the whole thing out. Whoever is willing to support every horse is at an advantage.

Can you explain a little more about who the partners are and what the breakdown of the investment is like?

There are some foals where I am left with them myself. A good example would be two years ago when I bought a Free Eagle (Ire) colt. He was well-bred on the dam side but obviously nobody wanted Free Eagle. I paid €80,000 for him but I couldn't persuade my partners to come in on him so I was left with 80 per cent. They just thought I was completely mad. I then sold him for 150,000gns here as a yearling so I was happy that I was left with 80 per cent on that occasion. I cannot do that every time because I am not a wealthy man. This is the risky part of this. I have to pay for all of these foals and then I go and collect between all of the different partners depending on what shares we sell after the sales. Luckily, some of my partners who have been with me for many years rely on my judgment and have done very well financially out of this. That makes it a little bit easier.

Is there one particular result that you look back on as being the one that catapulted you to becoming one of the leading pinhookers in Europe?

I have to admit that, in my heart, I am a breeder and never thought about pinhooking. It just developed through Andreas Putsch, who is also a German, and he knew how I was working with horses and asked me if I would like to pinhook for him. At the beginning, it was only his money I was spending and I was not even involved in the ownership of the foals. I only bought them, prepped and sold them. That was going quite well so some people were asking to come in. Andreas is no longer involved but other partners who started on that journey are still involved now and new ones have come in.

And prior to the pinhooking, how did you develop your love for thoroughbreds?

I was a professional showjumper before I started working in racing but I was not good enough to fulfill my dream by becoming an Olympic champion. I always loved thoroughbred breeding so, back in 1985, I was approached and became an assistant manager at a stud farm. I then managed two stud farms, building them up from scratch, before setting up my own bloodstock agency in 1994. Of the first foals and yearlings I bought, there were two Classic winners and several stakes horses, so I was very lucky at the time. There were two fillies by Seattle Dancer who were very good. Que Belle (Can) won the German 1,000 Guineas and the German Oaks and was Group 1-placed. She also ran in the Arc. She was a very good filly and we sold her to Wayne Hughes. This is how Marion and I could start our own operation because he obviously paid quite a lot of money for her. The other one was Rose Of Zollern (Ire), who I bought off Kirsten Rausing, so this is how it started. Marion and I have been developing the farm ever since and we have been developing the breeding side of the operation. Then I met Andreas and, as I said, he set me up. I never would have taken the risk to go at that level without him. 

You've mentioned a few times that it's the breeding that is closest to your heart so it must give you huge pleasure to have bred Fantastic Moon (Ger) who is one of the best 2-year-olds in Germany this year. 

Yes and it's very emotional for us because this colt is by Sea The Moon (Ger) and I bought the second dam of Sea The Moon as a foundation mare for Gestut Karlshof for €4,000 and she has produced three Classic winners. Marion and I met through the second dam of Frangipani (Ger), who is the dam of Fantastic Moon. From both sides, horse and human, it is very emotional. This family is very close to our heart. If Marion had not looked for a boarding place for that mare, Fraulein Tobin, many years ago, we'd have never met. For this to happen now after a sensational Book 1 sale is incredible. 

And what type of horse do you view Fantastic Moon as next year?

Obviously he's one of the best 2-year-olds in Germany but now he has to progress through the winter. I don't think he is a Derby horse because the family lacks stamina but obviously Sea The Moon is a stamina influence. I see him more as a 10-furlong horse. There is talk of the French Derby for him so we will see. It's a nice situation to be in. We can dream a little bit over the winter with that horse as well. 

You are best known for being a buyer but you also sell four foals at the December Breeding Stock Sale at Arqana. 

The Kingman (GB) was a foal share for a client and she was born and raised on the farm. Juddmonte want to sell most of these foals at the sales which is why she goes there. The other three were homebreds. It sounds odd but our homebreds sold very badly as yearlings this year so, to balance the books, we needed to sell the foals this year. 

I understand that you have been contemplating consigning mares as well?

The aim is to diversify. The demand of people who want to invest is getting bigger and I can't increase my foal portfolio. The idea is to buy young mares, breed from these mares and then sell the offspring. This is the aim as we'd like to develop a new branch in the portfolio. But I am not sure if now is the right time to invest in these younger mares because the market is so hot. If you want to turn the mare around quickly, you could buy a race filly and cover her and sell her on, but in my heart I am a breeder and would like to take on something that is more of a long-term process.

You clearly care deeply about breeding and your philosophy is an interesting one.

It sounds odd but money does not really interest me. Okay, I need to survive but that's all. I only need money to live. I can't take it with me anyway. I need to give my kids a chance as well but they are going to have to make it on their own. I said to all of my kids, 'you won't inherit anything because I need all of the money for the way we live our life', so the only thing they get is a good education and then they have to build it up on their own. 

Who has been your biggest influence on your journey in bloodstock?

I really adore a few of my colleagues. They do a fantastic job in the way that they prep their horses. Take Paul McCartan, he's a genius. He is somebody I have always adored. He's a very good stock person. If you look at some of the younger ones coming through, the Gleeson brothers from Aughamore do an incredible job as well. I was stabled beside them during Book 2 and we had a long chat about how they do everything. They are good guys. There are some fantastic people in this industry. If you were to ask me who influenced me, though, there isn't someone who has influenced me in pinhooking. It has just grown into its own thing and I have followed my own ideas. My main aim is to take care of these animals. It's a fine balancing act between producing your horses to achieve the best possible price but also allowing them to be animals and not being too hard on them. I have to admit that some of my competitors, when you look around and observe who they are, it's brutal. They are only thinking about money and what's best for them out of the whole industry. I can't do that. We have produced a lot of good horses but what we are lacking is a Chaldean. That's the aim. This is what I would like to achieve with what I am doing. I need to survive but the aim is to produce top-class racehorses. That's what gives me the most pleasure. 

 

The post Stauffenberg Q&A: ‘If You Didn’t Get Paid This Year You Did Something Wrong’ appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Verified by MonsterInsights