This Side Up: Arc of Achievement Unites Brant and Mellon

When Ettore Sottsass was asked which of his many diverse achievements had given him most satisfaction, he gave a shrug. “I don’t know,” he said. “Life is a permanent project. It’s a passage from one thing to another.”

The Italian designer and architect transcended disciplines in a fashion not dissimilar to his compatriot Federico Tesio, whose singular genius was as stimulated by his furniture workshop as by his breed-shaping stud farm.

And there’s a corresponding breadth of engagement to the man who wrote to the widow of Sottsass, asking permission to honor his memory with a Siyouni (Fr) yearling he had bought at Deauville in 2017. Peter Brant has assembled his stable with the same curator’s eye as he has his art collection; and the same quixotic awareness that no masterpiece can ever achieve perfection, can ever fully requite the yearnings that sustain his twin passions.

The success of Sottsass (Fr) in the G1 Qatar Prix de l’Arc de Triomphe on Sunday was certainly a masterpiece, in the technical craft of his trainer Jean-Claude Rouget. And it belongs in the same gallery as Brant’s unique achievement in breeding a GI Kentucky Derby winner, Thunder Gulch (Gulch), as well as his sire and dam. Already, however, the project has its next passage, with Sottsass now starting a new career at Coolmore.

For just as the work of Renaissance masters has far outlasted the span of any human life–creators, preservers, collectors–so our own humble endeavors, from one generation of horsemen to the next, will endure in the genetic complexion of the breed, as recorded across the centuries in the Stud Book.

Brant is rightly proud that Thunder Gulch, winner of the definitive test in dirt racing, was delivered by a mare imported from Europe. The obvious, reciprocal challenge would now be to breed a dirt champion by his Arc winner.

Asked this week whether that is something he’d like to attempt, someday, Brant gave a chuckle.

“Someday?” he said. “Try, like, three or four months from now. I mean, sure. That doesn’t mean I have to be right. I was right once, doesn’t mean I’ll be right doing it again. But I’m certainly going to try.”

With the far-sightedness that has sustained his business empire–not least in adapting to the wild societal changes eroding demand for its original base, newsprint–Brant absolutely grasps the vitality available in dismantling perceived barriers between the transatlantic gene pools. It’s often been done before, after all, not least in the transformative impact of Northern Dancer’s speed-carrying dirt blood on European Classic racing.

Brant bought Shoot a Line (GB) (High Line {GB}) after seeing her finish a plucky second to the great Ardross (Ire) in the 1981 Gold Cup at Royal Ascot, over two and a half miles, and had her covered by Northern Dancer’s son Storm Bird. The resulting filly, Line of Thunder, was sent to Luca Cumani in Newmarket.

“She was a classic-looking, old Thoroughbred type,” Brant recalled. “And what happened is history. I bred her to Gulch, who won the Met Mile twice and the Breeders’ Cup Sprint. He could carry his speed, he was third in the Belmont Stakes and ran second to Personal Ensign in the Whitney, but going a mile-and-a-quarter, mile-and-a-half, was really not his thing. He was a very fast, very sturdy horse. And from Line of Thunder he got Thunder Gulch.”

On the same basis, Brant made sure that his White Birch Farm recruited staying females from the Weinstock dispersal and also the Wildenstein sale.

“A lot of times you’ll go to sales in Kentucky and they’ll say: ‘That’s a grass horse, you don’t want that, we want to win dirt races,'” he remarked. “But I believe that staying blood is very important, if you want to win any of those Classic-type races, from a mile up to a mile-and-a-half. You definitely need speed as well, because often they are a product of pace: sometimes no pace, sometimes too great a pace. It’s the ability to quicken that is so important.

“But so many stallions had great speed–horses like War Front, maybe a horse like Constitution–and if you breed speed to them you’re going to have trouble in those middle-distance races. I believe you need to get some Classic blood in there with it. Yes, a lot of times you’ll breed to a stayer, and the progeny goes more towards the female and you’re out of luck. But you do need a combination. Especially over two or three generations, you need that classy staying blood somewhere.”

Sottsass himself, of course, is by a fast horse in Siyouni (Fr) out of a Galileo (Ire) mare. Up until Sunday, Brant confesses, he had wondered whether the colt’s optimal range might fall short of the Arc distance. But the demands of the race on the day–not especially strongly run, perhaps, but calling for unyielding dynamism through heavy ground–actually showcased assets that may combine well with dirt-bred mares; and, someday, give Sottsass some traction as a crossover influence.

As is well known, this is Brant’s “second time round” on the Turf. But his ardour for the Arc traces back to his earliest enthusiasm. His heart was first won by weight-carrying New York stalwarts like Kelso and Carry Back, so he knew of the latter’s fish-out-of-water bid for the 1962 Arc. What really brings things full circle, however, is that his first personal experience of the race came nine years later, when Paul Mellon–whose aesthetic sensibilities similarly found a common margin between art and the Thoroughbred–became the first American to own the winner.

Though still in his early 20s at the time, Brant was in Paris to produce “L’Amour,” a minor cult movie by Andy Warhol and Paul Morrissey. (He collaborated with Warhol on many projects and his publishing stable still includes Interview, a magazine founded by the pioneering artist in 1969.) Finding himself in a café one Saturday afternoon, Brant noticed the racing from Longchamp on a television in the corner. He realized that the Arc was the next day, and resolved to head out to the Bois de Boulogne.

So it was that he saw Mill Reef beat the wonderful French filly, Pistol Packer, with Caro (Ire)–subsequently such an important stallion at Spendthrift–fourth.

Europe’s championship race, then, is woven into some of the defining strands of his life: some tracing to those heady years in the vortex of the Beat Generation; others, to the Parisian fashion community that long worshipped his wife, the model Stephanie Seymour.

“‘L’Amour’ was a great, low-budget film that did very well, and is still kind of a classic today,” Brant said. “And, yes, we had a lot of fun. It was wonderful moment. As a matter of fact, one of the stars in that movie was Karl Lagerfeld, who became the big designer for Chanel. At that time he was working for Chloé, the Paris fashion house, so there were a lot of fashion people in the film.”

Not that Brant could ever get Warhol interested in the Turf. His cousin, Joe Allen, who bred War Front, was also friendly with Warhol and commissioned him to do a portrait of his very first racehorse, an ex-claimer. And the Wertheimer family asked him to depict Ivanjica, their 1976 Arc winner–a work you will today find in the office of a certain Kentucky farm owner, of similarly rare discernment.

“I’m not sure how thrilled the Wertheimers might have been, at the time, with his Ivanjica,” Brant noted wryly. “Andy’s way of doing those portraits was to take a polaroid, and then silk-screen it, and paint over that. Now even the new book about President Carter has Andy’s portrait on the front. He was always way ahead of his time.”

Brant has always tried to be one step ahead, too, having seen repeatedly how the establishment eventually adopts the avant-garde. But he rebukes any assumption that Mellon–whose foundation of the Yale Center of British Art accommodated much sporting art of the old school–was merely anglophile and conservative in his tastes.

“He might have been interested in Stubbs, but that would have been because of his interest in horses,” Brant explained. “But he was a great collector, of all periods; all the way through the 20th Century from Cezanne to abstract expressionists like Mark Rothko.”

In Mellon, with whom he served on the board of the racing museum in Saratoga, Brant could admire an exemplar of philanthropic capitalism. Like Mellon, of course, Brant has also stabled horses with master horsemen on both sides of the Atlantic; and Sottsass has now made a significant new contribution to the tradition, long associated with Mellon, of Americans embracing European grass racing and its bloodlines. Both on and off the Turf, then, there is a very direct cultural succession between the owners of Mill Reef and Sottsass.

Certainly last weekend was a vivid consummation of Brant’s return to the sport and, while there was a bittersweet element in not being able to travel to Paris, that did not diminish the delirium as he watched the race with his wife at their Connecticut home.

“You know something, I can’t say I would have had any better a time anywhere else,” he said. “We were yelling and screaming so much, it felt like the house was shaking. I just couldn’t believe this dream had come true.”

Brant says that he never goes into any race with confidence, but Ger Lyons had given him plenty of hope after taking responsibility for the horse, with Rouget confined to France by COVID restrictions, for his prep run in Ireland.

“After that race Ger said: ‘Your horse is going to run terrific in the Arc,'” Brant explained. “The instructions [from Rouget] were to make sure the horse would be tighter for the Arc, and that was the way [jockey Colin] Keane rode. Jean-Claude had really been pointing at the Arc from the beginning of the year. I think that speaks very well of the trainer, and very well of the race. If you really want to win the Arc, you can’t have anything else on your mind. You can’t say, ‘Well, we’ve run well here, let’s go the Arc.’ You can’t go as an afterthought, and if you make a mistake along the road you probably won’t be winning. It’s so gruelling, both in the conditions you might get and the field. That’s why I feel it would be very hard to do better than winning this race.”

But there are always new horizons, with horses no less than in art.

“Winning a race, any race, you figure that you are pretty close to achieving some kind of perfection,” Brant mused. “But you will always get beat more than you win. It’s a great game, and a fantastic passion for a lot of people: these wonderful, noble animals. Like art, it’s all about that passion. Because that’s what you really need, for it to be fun and for it to be successful.

“Right now, I’m feeling very good that I can take the decision to retire Sottsass in one piece, sound in wind and bone, and not looking like he’s come back from the war. He’s going to stud in the way he deserves.”

Breeding, of course, is a long game; and Brant espouses the long view. He urges optimism, even in such disturbed and disturbing times. Yes, he is dismayed to see responsible journalism swamped by the trash-talk of social media, not least from a boyhood friend he can no longer recognize in the Oval Office.

“But I’m very optimistic,” Brant insisted. “I hope we will soon be able to look on all this in retrospect. In the meantime, people have to be vigilant: listen to science; wear masks, isolate, trace. But I think we’re going to have learned a lot, especially about leadership, from this whole experience.”

If the fate of newsprint is one eloquent measure of a changing world, then so is that of typewriter. The classic machines he designed for Olivetti helped to make the name of Ettore Sottsass. But even as the world changes, genius abides. Sottsass urged that various disciplines were only separated by technique; that all design reflects your ideas about life, about individuals and society. It didn’t matter whether you were making a glass vase or a photograph.

So let’s celebrate the fact that an American, in 2020 as in 1971, has seen through artificial distinctions–between dirt and turf, speed and stamina, Europe and America–and reminded us all of the transferable essence of a great Thoroughbred. The “permanent project,” in horses and horsemen alike, is class. And, though our world may constantly be changing, it is surely a better place for the legacy of a man like Mellon; and, likewise, for the one now being cultivated by Peter Brant.

 

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Ravishing Fulfillment of a $500 Wish

The viability of the horse business hinges on a precarious equilibrium. Its values have to work out often enough for the rich guy to keep spending, but not so often that the rest of us have to pack up and go home. Very seldom, however, are both extremes embraced so proximately as by Meg Levy last weekend.

On Sunday, the Grade I success of Valiance (Tapit) in the Juddmonte Spinster S. vindicated all the promise, in pedigree and physique, she had evinced as a $650,000 yearling sold through Levy’s Bluewater Sales at Saratoga in 2017.

Earlier that same year, however, Levy had been driving to a rather less glamorous Fasig-Tipton auction: the Kentucky Mixed Winter Sale in February. Somebody got a message to her that a boarding farm, just down the Newtown Pike, was trying to find a home for an abandoned More Than Ready mare. Staring at an unpaid bill of $10,000 and counting, they would take $500 to remove the wretched creature from their books.

Well, it was Levy’s birthday; and the mare was named, of all things, Four Wishes. “Oh, gosh, well you never know,” Levy said to herself. “Why not stop by and see her?”

Half a dozen mares were turned out in the paddock. They all looked fine, except one. Remember this is a woman who spends all her time trying to get horses to thrive; to look their best, through whatever it takes in terms of nutrition, grooming, shoeing and all the rest of it. “Poor thing,” Levy thought, as she approached. But then she caught that look, that eye; that window into the inner mysteries of a horse. As a parcel of bones and sinew, the mare was plainly in a bad place. But that gleam, in the low winter sun, showed that something vital still flickered within.

“I’ve always been very funny about the eye that a mare has,” Levy reflects. “It sounds cheesy, but I always feel that you see the heart coming through. And she just looked at me with a quality eye. Because, believe it or not, I see a lot of horses not in the best of shape. It’s not always because they’ve received bad care. Sometimes they’re just in too competitive a situation, and that might well have been the case here.

“Of course, she really didn’t have any pedigree to speak of. No black type in the first two dams, and herself unplaced. So, really, all she had going for her was that she’s by More Than Ready. But I thought she had a beautiful eye and, the way she looked to me, I just felt like she was worth giving a home.”

Levy went on to Fasig, and told her husband: “I bought myself a birthday present.” Over the years, Mike had tried to “put the blinkers on” somewhat, such is her predilection for taking clients’ horses when they had reached the end of the road. But she felt strangely excited.

“I remember calling Patty, who was running our farm at the time,” she says. “‘Oh, I just bought a mare for 500 bucks. Can you go pick her up later? There’ll be some paperwork that comes with her.’ Because there was an agister’s lien on her. And she was like, ‘All right, crazy lady.'”

With respect, Levy didn’t feel quite so excited about the fact that 9-year-old was carrying a Revolutionary foal. But then Four Wishes delivered a quite stunning colt. True, the package remained so uncommercial that he only made $8,000 as a Fasig-Tipton October yearling before disappearing to Peru. No New York premiums down there, clearly; but it was heartening to see that the mare could produce such a good physical.

And the New York angle could work better next time: Mike had helped to put together a syndicate to stand Laoban (Uncle Mo), then just starting out at Sequel Stallions. Laoban, co-owned by Bluewater client Mike Moreno of Southern Equine, had broken his maiden with a surprise win in the GII Jim Dandy S. The Levys had a breeding right, and Four Wishes looked a good fit.

“I thought: ‘Well, he seems a really nice horse and should complement her,'” says Levy. “She’s medium-sized and a bit round, like a More Than Ready can be, and he’s big and tall and angular.”

Four Wishes, in the meantime, had really begun to flourish. Not that there was any magic to it.

“You know, you just do a couple of simple things right,” Levy explains. “What we always do, when they ship in. Float their teeth, make sure they have a paddock mate that suits, all that stuff. But she just bloomed. Oh, she did. She was gorgeous.”

Sure enough, when her Laoban filly was born in April 2018, Bill Johnson called from Stonegate Farm and exclaimed: “Wow! I think you’re really going to like this one. That mare has had a really nice filly, big, tall and angular.”

Sure enough, when the pair came back to Kentucky, the baby looked fabulous–a chip off the old Indian Charlie block.

“Just so good-looking, so athletic,” Levy enthuses. “And the filly soon became a farm favorite. At the time my son Ryder was working the yearlings, and also Elliott Walden’s son Will, and they both just loved her. And they’ve been around a lot of good ones, especially Will. And we’ve funny little video clips of her jogging round the walker and the both of them saying: ‘Runner!'”

Not that all this had happened overnight. Let’s remember that Four Wishes had already taken a lot of time, energy and cost; with, so far, only an $8,000 yearling in Peru to show for it. Sadly, moreover, she then lost a Daaher foal and had to be given a fallow year. And, in the meantime, her fabulous daughter was nearly undone by disaster.

Last summer the farm team were loading her, with around a dozen others, to go to the New York sale in Saratoga. “She decided that she was not happy with this process,” Levy relates. “And kicked the wall of the van so hard that she broke one of her hind feet. I was so disappointed. But we had no choice, after she was treated by a podiatrist, but to re-enter her in the Fasig-Tipton October Sale–not, we know, traditionally the absolute best place to sell a New York-bred.”

Sure enough, while a lot of people liked her in Lexington, those two blank dams and a rookie New York sire was a tricky combination. But then along came the client who had helped to put Bluewater on the map when giving $175,000 for a Dehere filly at Fasig’s July Sale in 2000. She became Take Charge Lady, whose name can be found twice below that of Valiance on the Spinster roll of honor.

“Kenny McPeek has that history of buying those kinds of horses,” Levy says. “So in the end we were really glad that he got her [for $50,000], we just felt it would give her a chance.”

Whenever one of her family saw McPeek, they would pester him.

“Hey, how’s that filly, what’s her name again? Simply Ravishing?” “Oh, she’s fine. Doing good.”

Then McPeek took her up to Saratoga and, as her debut neared, started sending videos of her workouts. Levy figured this had to be promising.

But she could not anticipate the authentic fairytale that would unfold when Simply Ravishing ventured out in the afternoon, in the colors of Harold Lerner, Magdalena Racing and Nehoc Stables: first winning a maiden special weight on the turf; then a stakes, again at Saratoga but switched to dirt, by daylight.

That emboldened McPeek to run her in the GI Darley Alcibiades S. at Keeneland last Friday–a race he had won four times, including with Take Charge Lady. Busy preparing another bargain filly for a momentous Classic appointment the next day, McPeek watched from Maryland as Simply Ravishing made all by six lengths from another filly from his barn, Crazy Beautiful (Liam’s Map).

“We were at the racetrack, right there on the apron, and I was just crying,” Levy says. “You don’t get many moments as special in this business, right? I mean, it’s just unbelievable. You know, it can’t be explained. I giggle every time an article mentions how she’s bred: ‘the first winner from the mare.’ Actually she’s her first horse even to hit the racetrack. I think her first foal, another Revolutionary, was sold as a riding horse.

“And it has just all clicked for me, how lucky we are with the friends we’ve made in the business, and the clients who have become friends. This mare would have never been bred to Laoban, were it not for Mike Moreno.”

But both Laoban and Levy herself were only just getting started. The next day, another of Laoban’s first crop, Dreamer’s Disease, likewise made all for an emphatic success in an optional allowance. And then Keepmeinmind, another in the Southern Equine silks, outran 50-1 odds for second in the GI Claiborne Futurity S. in only his second start.

Then came the Spinster success of Valiance, whose sale through Bluewater for breeders China Horse Club mirrored that of recent GIII Pocahontas S. winner Girl Daddy (Uncle Mo).

“We were lucky enough to have Valiance at the farm before she went to the sale, and got to know her very well,” Levy recalls. “In the end, we came up with a partnership at Saratoga, because we really thought there was something special about her. And it was like a friends and family deal: with China Horse Club staying in, and Aron Wellman [of Eclipse Thoroughbred Partners] and Marty Schwartz both having both been so

good to us, so instrumental in our business over the years.”

Indeed, Bluewater sold another gray Spinster winner for Schwartz in Asi Siempre (El Prado {Ire}) for $3 million in 2007.

“Valiance looked so fantastic in the paddock,” Levy says. “She moved great, was very focused, and just seems to be getting better and better. We all hoped she might get a piece of it, but it was a shock to see her make that move on the outside and then come back and look like she wouldn’t blow out a candle.”

There may be some divided loyalties ahead, with Girl Daddy likely to cross swords with Simply Ravishing at the Breeders’ Cup, but there’s no doubting that Bluewater’s association with China Horse Club is on a roll. They sold another filly by Valiance’s sire, out of GI Alabama S. winner Embellish The Lace (Super Saver), to Claiborne for $1.25 million during the opening session of the September Sale at Keeneland.

“She was just an amazing physical and had all the pieces in the right place,” Levy reports. “Hopefully we’ll see a lot more from her. In general, of course, it was a difficult market. But having experienced several lows in the business, including the 2008 crash, I guess it’s a bit different from a young person going into it and trying to be optimistic. Having been through some of those things, I think you learn to adjust; and to deliver. It’s no fun delivering bad news to clients. But we’re lucky to have some

that could race their horses, and hopefully everyone appreciates you being straightforward. Yes, the bull’s-eye was very small, but we were fortunate enough to have a couple that did hit. So we’ll live to fight another day.”

It’s a rare pleasure, in 2020, to find someone with as feel-good a story as Four Wishes. But Levy is seasoned enough to take a step back and urge some positivity regardless.

“Long-term, I think there are some good things going on in the

business,” she stresses. “The Horseracing Integrity Act, most obviously. And I was hugely inspired by the Preakness, watching that filly just look the colt in the eye and say, ‘Not today.’ Racing is not dead yet. These horses will always inspire us, no matter what.”

For her own team, mind you, this was a weekend that would have stood out in any year.

“Yes, it has all been pretty crazy,” Levy says. “I think there might be a miracle both ways, between Laoban and Four Wishes. Laoban seems to take after Uncle Mo. You know, I love stallions that are homozygous black, so there’ll never be a chestnut. I saw quite a few of those Laoban foals, and they all have that Uncle Mo/Indian Charlie look about them: angular, athletic, something about their heads and ears. And smart.”

As for her rescure mare, Levy has naturally done some research. It turns out that Four Wishes was actually bred by some friends, but the trail goes cold after her racing career. Anyhow, all’s well that ends well; and she is now in foal to Speightster

“Besides selling the filly, this is the first Grade I winner we’ve ever bred for ourselves,” notes Levy. “Obviously it’s pretty cool for Laoban, because when you look at this mare, how could anyone–looking at all the normal indicators–expect such a good racehorse out of her?

“But what is it they say? ‘If wishes were horses…’ It’s just amazing, so strange. I can’t say what made me go over there that day. I wish I could explain it. You hope and dream, I guess, but the way this thing happened? I could never have imagined that a situation like this could somehow arise from that transaction. It’s just crazy.”

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NYTHA Announces Board Candidates

The New York Thoroughbred Horsemen’s Association (NYTHA) announced the candidates Thursday for its 2020 President and Board of Directors. The NYTHA Board is comprised of five Owner Directors, five Trainer/Trainer-Owner Directors and the President. Candidates are as follows:

PRESIDENT:

– Joe Appelbaum (incumbent)

– Chad Summers

OWNER/DIRECTOR:

– Tina Marie Bond

– Daniel Collins

– Peter Dorsman

– Jonathan Green

– Jeanne A. Liddy

– Robert Masiello

– Edward J. Messina, Ph. D.

– Aron S. Yagoda

TRAINER/TRAINER-OWNER/DIRECTOR:

– Leah Gyarmati

– Patrick J. Kelly

– John Kimmel, V.M.D.

– Linda Rice

– Richard E. Schosberg

All seats come up for election every three years. To vote, a member must currently be licensed as a Thoroughbred owner or trainer in good standing with the New York State Gaming Commission, have started a Thoroughbred in a pari-mutuel race at a NYRA track in 2019-20, and be listed as an owner or trainer in the Equibase owner or trainer records and in an official NYRA track program in 2019-20. Alternatively, a member can own a minimum of 5% of a horse that started in a pari-mutuel race at a NYRA track in 2019-20.

Voting packages will be mailed this month. Votes must be cast in person or by proxy during the Dec. 7 NYTHA Annual Meeting, which will be held virtually. For detailed information on voting and deadlines, please contact NYTHA directly.

 

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Taking Stock: The Daredevil Syndrome

You know this adage well: “Sell a stallion overseas and he’ll catch fire.” The latest example is Daredevil (More Than Ready), whose remarkable first-crop daughter Swiss Skydiver put on a show for the ages on Saturday to deny Gl Kentucky Derby winner Authentic (Into Mischief) the Gl Preakness S. at Pimlico. Trained by a daredevil in Kenny McPeek, Swiss Skydiver and Authentic engaged in a protracted head-to-head stretch duel, but the filly never let Authentic get the better of her at any stage and won the Classic by a neck, defeating a colt who is valued at more than $20 million and is a son of North America’s hottest sire, whose fee will be $225,000 live foal next year.

In contrast, McPeek purchased Swiss Skydiver for owner Peter J. Callahan for just $35,000 at the Keeneland September sale. Her sire Daredevil had entered stud at WinStar in 2016 for $12,500, and by the time she sold in the ring, he was down to $7,500. Last November, with his first runners only two, WinStar sold Daredevil (along with Derby winner Super Saver {Maria’s Mon}, sire of Runhappy) to The Turkish Jockey Club after completing just four years at stud at the Kentucky nursery.

What all of this points out, of course, is that you can never tell with any precision the price point from where a good sire or horse will come. Into Mischief, speaking of the devil, also started off for $12,500 at Spendthrift and was down to $7,500 before his runners took off, and racing history is full of examples of inexpensive yearlings that made good. Seattle Slew was a $17,500 yearling, Zenyatta cost $60,000, and Curlin made $57,000 on a bid from none other than McPeek.

However, the recent phenomenon of selling young stallions abroad before they’ve had a chance to prove themselves is directly a result of the commercialization of the industry, specifically in Kentucky. Those stallions in their third and fourth years at stud are particularly vulnerable because their patronage drops off precipitously in many cases, and here’s why: commercial breeders don’t like to assume the risks of selling yearlings from a stallion’s third and fourth crops, because the stallion’s oldest foals will be three and four and fully exposed on the racetrack by the time those yearlings sell. If the stallion isn’t successful, breeders will get punished in the sales ring.

By the way, this can apply to a stallion in his second year at stud as well, and Runhappy is the big example this year. His 2020 yearlings to date have averaged $47,270 versus $222,625 for his first-crop yearlings last year. Why? Because at this writing, he’s been represented by only four 2-year-old winners and no stakes horses.

Runhappy may very well turn things around by the end of the year and have success with his 3-year-olds like Daredevil, but that’s moot to the commercial yearling sellers who drive the stallion marketplace. As they’ve increased in numbers and scale, they’ve increasingly backed “risk-free” first-year horses or elite sires at the top end of the marketplace, leaving strings of crumbling books in their wake.

By the way, it’s primarily for this reason that The Jockey Club intervened with its 140-mare cap rule, which begins with foals of 2020. The thinking was that by limiting big books, overflow mares will go to younger horses in their third and fourth years or to mid-level proven horses, but that’s not going to happen with an industry dominated by commercial breeders, is it? What it likely will lead to is a greater number of sires entering stud–more first-crop sires on the front end to satisfy insatiable demand–but it’s not going to address the existing back-end issues of crops two to four, meaning we’re likely to see even more departures from Kentucky of young horses in the future.

Daredevil Syndrome

The Daredevil saga is a bit of deja vu for WinStar. The farm had sold GI Florida Derby winner Take Charge Indy (A.P. Indy) to the Korea Racing Authority in November of 2016 after completing only three years at stud. By 2018, Take Charge Indy’s first-crop 3-year-olds included several notable runners on the Triple Crown trail, such as GII Rebel S. winner Long Range Toddy and GII Louisiana Derby winner Noble Indy, and GIII Forward Gal S. winner Take Charge Paula among a total of seven black-type winners.

WinStar exercised a clause in the sale of Take Charge Indy that allowed it to repurchase the horse and stand him again at WinStar in 2020, but Elliott Walden, president and CEO at WinStar, said on Tuesday that no such mechanism for repurchase existed in the sale of Daredevil. On the question of whether WinStar was pursuing a deal to bring Daredevil back, Walden was noncommittal.

Certainly, there’s a case to be made for bringing Daredevil back. For one, he was a 2-year-old Grade I winner of the Champagne S., trained by stallion-making trainer Todd Pletcher at that. He’s also been the first son of WinStar’s excellent sire and former Pletcher trainee More Than Ready to show life as a stallion in North America. Remember, Swiss Skydiver, Preakness aside, also won the GI Alabama S. and is odds-on to be named the champion 3-year-old filly.

To date, Daredevil is the sire of four black-type winners, and Swiss Skydiver isn’t his only top-level winner: Shedaresthedevil defeated Swiss Skydiver and the outstanding Into Mischief filly Gamine in the GI Kentucky Oaks. And Daredevil also is represented by the talented 2-year-old filly Esplanande, a stakes winner of three of four starts who was second in the GI Spinaway S. last month.

WinStar bred both Swiss Skydiver and Shedaresthedevil and is co-breeder and co-owner of Esplanande, but Walden will be the first to admit that he never expected Daredevil to do what he’s done. Furthermore, Walden noted that Daredevil “bred only 21 mares in 2019,” which meant that 2020 was projected to be a bigger struggle. Swiss Skydiver was only a maiden special weight winner and Shedaresthedevil only a graded-placed winner last year, and Daredevil was barely visible with a magnifying glass on freshman sire lists, much as Runhappy is now. In contrast, Take Charge Indy had finished second to Violence on the first-crop list of 2017, and it was easier to project improvement from his runners because the stallion himself was a Grade I winner at three and a son of late-developing A.P. Indy. The Daredevils were expected to make an impression at two based on the stallion’s own race record and his sire’s production history of precocious runners, but they didn’t.

To further complicate matters, the Daredevils as a group weren’t particularly fetching physical specimens, more just average types. Owner-breeder Chuck Fipke had one knockout colt that he bought back for $375,000 at the Keeneland sale in 2018, but the stallion’s first-crop yearling average that year was $34,811 for 56 sold–the average of what Swiss Skydiver brought.

The case of Daredevil isn’t isolated but rather the example of a syndrome. Gary and Mary West went through this with New Year’s Day (Street Cry {Ire}), the sire of their champion Maximum Security and Grade l winner Fighting Mad–both homebreds from the stallion’s second crop. Like Daredevil and Into Mischief, New Year’s Day was a Grade I winner at two who entered stud for a $12,500 fee. He was sold to Brazilian breeders after five seasons at stud because no one was breeding to him after his first few years except for the Wests, and after the success of Maximum Security, he was purchased by Shadai to stand in Japan.

There are other examples–California Chrome is a bigger name sold last November to Japan after three seasons–and depending on where you stand, it could be unfortunate or not. Most stallions are not going to make it, and a secondary market from Turkey, Korea, Japan, or South America is welcome relief for stallion investors.

But why this happens should not surprise anyone anymore. Unless more breeders step up to back stallions for four or five years and race the horses they produce, stallions will continue to become disposable after a few years at stud. That’s how this market works.

Sid Fernando is president and CEO of Werk Thoroughbred Consultants, Inc., originator of the Werk Nick Rating and eNicks.

The post Taking Stock: The Daredevil Syndrome appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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