Hall Hopes Racing Success Carries Into Sales Ring

Jason Hall, owner, breeder and bloodstock agent, was represented by his first graded stakes win as an owner when Zero Tolerance (Mizzen Mast) captured the GIII Las Cienegas S. at Santa Anita Sunday. The Idaho native will look for that success to continue in the sales ring when he offers three short yearlings through the Small Batch Sales consignment Wednesday at the Keeneland January Horses of All Ages Sale.

Hall, who co-bred Zero Tolerance and co-owns the 4-year-old filly with Custom Truck Accessories, Joe Kelly and Michael Riordan, wasn't able to watch the Las Cienegas in person.

“I actually didn't make it [to Santa Anita] because I needed to head to Keeneland,” Hall said Monday. “And I'm just a tiny bit superstitious and it seems like she runs really well when we're not there. So I figured it was a win-win for me to get on a plane and head to Lexington.”

Hall continued, “I have had a handful of other graded stakes wins as a breeder, but as an owner this was a first. It was incredible. I was with my wife, Silvia, and she's a big part of the program. So for her and me to be able to share that together, it was really, really nice. It was something I'll never forget.”

Zero Tolerance is out of Torreadora (El Prado {Ire}), a mare Hall purchased for $8,200 at the 2017 Keeneland January sale. The Sam-Son Farm-bred mare was not in foal at the sale and that may have helped the agent land a bargain.

“The market is really biased against open mares and I am willing to take an open mare if they look the part,” Hall explained. “This mare could really run, I watched quite a few of her videos going into the sale. She had really nice mechanics. And of course she is from that heralded Sam-Son family of No Class and Smart Strike and Dance Smartly. And she's by one of the all-time greats in El Prado.”

Hall sold Torreadora privately after her son El Tormenta (Stormy Atlantic) won the 2019 GII Connaught Cup S. The gelding went on to win the GI Woodbine Mile and was named Canada's champion turf male.

Hall still has a piece of the family. He purchased the mare's now 2-year-old filly Domerelle (Munnings) for $75,000 at the 2020 Keeneland November sale.

“We sold the mare right after El Tormenta won the Grade II and of course he went on to win the Woodbine Mile,” Hall said. “The guy who bought her from me put the Munnings filly in Keeneland November and I just mentioned her to a client friend of mine in Orlando. We joined forces and got her bought. She was bought strictly to race.”

Hall has earned a reputation as an agent who buys promising mares on a budget.

“I came from the Joe Estes school where performance trumps pedigree,” Hall said, referring to the former Blood-Horse editor. “That's not to say I don't want as much pedigree as I can afford, but I would much prefer my bloodstock dollars go toward a mare with a race record than say an unraced or unplaced mare with a fancy pedigree. I just really lean in that direction.”

Hall admitted that competition for those types of mares has increased in recent years.

“They used to be very easy to come by back 10 or 15 years ago,” he said. “You could find a mare who had some performance that didn't really show up on a catalogue page, but I think people are starting to wise up and purchase mares with more performance, so it has made it a little more difficult in recent years.”

Hall owns around 30 mares, mostly in partnerships, and has about 20 horses in training.

“Generally, we sell whenever we can,” Hall said. “This is my livelihood, so whenever I can take some money off the table, I will. But that being said, the market has become so finicky in recent years that it's really hard to get what you think some horses are worth. So with those horses, we go on to the races.”

He continued, “Zero Tolerance is a really good example of that. Somebody in Kentucky offered me $100,000 for her as a yearling. I thought she was worth more and they wanted me to ship the horse back there just so they could look at her and the deal fell through obviously.”

Hall will be represented as co-breeder of three yearlings Wednesday at Keeneland. Leading off the trio is a colt by Munnings out of stakes-placed Heavens Stairway (Decarchy) (hip 575).

“We've got a Munnings colt out of a really talented stakes mare,” Hall said of the yearling. “This is her second foal. He is a big, strong, strapping horse. I think everyone is going to be drawn to him. And of course, they don't get any hotter than Munnings.”

Hip 643 is by the late Malibu Moon out of Meet and Greet (Tribal Rule), who is a half-sister to graded winner Bourbon Resolution (New Year's Day) and from the family of graded winners Salute the Sarge and Chelokee.

“We have a Malibu Moon out of an impeccable female family,” Hall said. “At one point, 50% of everything in the family had graded stakes credentials. Malibu Moon is a little bit of a twilight sire. Now that he has passed, the commercial market isn't paying quite as much attention to him, but the quality is still there.”

Hall's final offering Wednesday is hip 659, a filly from the first crop of multiple graded stakes winner Flameaway (Scat Daddy). She is out of Mizzen Donald (Mizzen Mast), a half-sister to multiple graded winner Bright Thought (Hat Trick {Jpn}).

“I am playing the second-year sire angle with our Flameaway filly out of a Mizzen Mast mare,” Hall said. “She is a big, stretchy thing with some nice substance. She looks like she'll be very versatile.”

While heading to Keeneland as a seller, Hall is always on the lookout for something to buy.

“I am always looking,” he said. “I don't have to buy a horse at this sale, but if the right mare with the right racing credentials falls in my lap, we will certainly swing. I also have a few buddies who are interested in a short yearling that we would put in training in the fall and let it tell us what it is capable of. If there is money to be made with him in the sale, fine, if not we go to the races.”

Hall has been a racing fan since his childhood in Idaho.

“From an early age, my dad raced at the little bush tracks in Idaho,” he recalled. “One day my grandfather brought me some copies of the old Thoroughbred Record when it was still in newspaper form. I was hooked from that point on. I've never stopped.”

In addition to Zero Tolerance's graded stakes success, Hall also enjoyed stakes success as a co-owner with Boise (Temple City), a $27,000 Keeneland September yearling purchase who won the Gold Rush S. at Golden Gate in December.

“I do a little of everything,” Hall said. “Like all of us, we have our strengths and weaknesses. For me, I think my strength is finding value in mares and planning matings. I bought some really good yearlings that we race. Pinhooking weanlings to yearlings really isn't my thing. I would say I gravitate more to the breeding end of the game.”

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Smith Joins TOBA As Director of Marketing and Education

Edited Press Release

The Thoroughbred Owners and Breeders Association (TOBA) announced Monday that Samantha Smith has been named as its Director of Marketing and Education, effective Feb. 7, 2022.

Samantha was most recently the Marketing & Communications Director at the United States Pony Club. She is a graduate of the University of Kentucky and previously served in several capacities at The Jockey Club, including as its Industry Initiatives Specialist.

“I am honored to be joining TOBA and look forward to all aspects of this role,” Smith said. “I am thrilled to contribute to an industry I am passionate about.”

Samantha will oversee the association's marketing, communications, social media, seminars, clinics and special events.

“We are very excited to welcome Samantha to TOBA, as her commitment and knowledge of the sport will help shape our growth as a strong national advocate representing the economic and integrity interests of Thoroughbred owners and breeders,” said TOBA president Dan Metzger.

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January Offering Could Put a Buyer on the Derby Trail

Bidders will have the chance to vie for a promising 3-year-old when debut winner Belgrade (Hard Spun) (hip 853H) goes through the ring at the Keeneland January Horses of All Ages Sale Wednesday in Lexington. The colt was purchased by Randy Bradshaw for $45,000 at the 2020 Fasig-Tipton Selected Yearlings Showcase and had originally been targeted for resale at the Fasig-Tipton Gulfstream Sale.

“He was a good-looking horse, but I am kind of a Hard Spun fan,” Bradshaw said of the colt's appeal as a yearling. “He fit the bill as far as what we like and the price was right, so it all came together.”

Bradshaw continued, “We had him in the Miami sale, but he just had some baby issues that were probably going to mean we wouldn't be able to make that sale. He belongs to my wife and me and we decided we were just going to go ahead and give him some time and try to get him back to the racetrack and maybe sell him then.”

Belgrade made it to the races last month at the Fair Grounds and immediately proved well worth the wait, romping home to a six-length victory (video) as the 3-5 favorite for trainer Brendan Walsh.

“We expected he would run well,” Bradshaw said. “He had worked with a filly that Brendan had who he said was a really good filly. They worked right together a couple of times. And the times he worked him out of the gate, Brendan told me worked really, really well. So we were confident he was going to run well. You hate to say you expect they will win first time out, but we were pretty confident.”

Belgrade stalked the pacesetters in his six-furlong debut before making a sweeping three-wide move and powering to the lead while under no pressure.

“The most impressive part of the race for me–first of all he was very professional–but when he crossed the wire, his ears flipped like it was just a gallop and a walk in the park for him and that was the most impressive part to me. Because it looked like he didn't exert himself at all to win.”

After his debut victory, Bradshaw decided to supplement Belgrade to the January sale through the Four Star Sales consignment.

“We have had such good luck selling these horses in the sales after we've got them to the races and they've done well,” Bradshaw said of the decision to add the colt to the January sale. “It was a perfect time to get him in the sale.”

Belgrade's debut puts him right up with some of the leading horses of his division.

“His Rag number came back 13,” Bradshaw said. “He actually ran a better number than [likely 2-year-old champion] Corniche or Pappacap in their Breeders' Cup races. He ran a faster number than they did.”

Belgrade is out of the unraced Miss Prytania (Eskendereya), a half-sister to graded stakes winners Medal Count (Dynaformer) and Garden District (Dixie Union).

Between his debut win and his pedigree, Belgrade could attract buyers hoping to find a horse for the Derby trail this winter, according to Bradshaw.

“Pedigree-wise, he is probably bred to run a 1 1/8 mile or 1 1/4 mile,” Bradshaw said. “So we think his best days are ahead and we thought we could maximize everything by getting him to the January sale. If the price is right, we'd even stay in for a piece of him.”

Bradshaw has already had success with offspring of Hard Spun. He purchased Out for a Spin, by the Darley stallion, for $75,000 at the 2017 Keeneland September sale. The filly RNA'd for $50,000 at the 2018 OBS April sale, but went on to win the 2019 GI Central Bank Ashland S.

“We sold her for a lot of money after that,” Bradshaw said. “So I have had really good luck with the Hard Spuns we've had.”

He reinvested in the stallion when purchasing a yearling colt out of Inspeight of Us (Speightstown) (hip 403) for $325,000 at last year's Keeneland September sale.

“They are good, durable horses,” Bradshaw said of Hard Spun's offspring. “I wouldn't say he is an underrated sire, but I would call him solid for sure.”

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A Sire Waging War on Two Fronts

Call it the Japan factor. We've already seen it creating opportunities for breeders, after all, with Hard Spun–a still more direct conduit of Danzig blood, and arguably underpriced ever since his relaunch in Kentucky after a sojourn in Hokkaido. The Factor, however, is four years further behind in that process, and right now finds himself at an intriguing crossroads in his rehabilitation.

Having spent 2018 at Shizunai Stallion Station, the son of War Front had no American juveniles last year and will accordingly have no sophomore representation in 2022. That will obviously make it harder for the Lane's End stallion to generate the kind of domestic headlines required to arrest the attention of breeders. But there are two things that should help keep him in the game during a period when he might otherwise be expected only to tread water.

One is that his resumé, to this point, entitles The Factor to rely to an exceptional degree on his residual American stock, pending the (imminent) emergence of his first runners conceived after his return from Japan. The gray has a really striking record with mature horses–with the evergreen 8-year-old Bound for Nowhere, indeed, still flying the flag for his sire's very first crop after winning the GII Shakertown S. at Keeneland last year.

And that's useful context for the other stimulus to The Factor's cause, which might be harder for his promoters to keep in the foreground but certainly deserves an airing: the yield he has already achieved with his single Japanese crop, despite their deployment in a fashion dramatically different to that evolved, with their growing understanding of his stock, by American horsemen.

Technically eligible as a first-season sire in the Japanese rankings, The Factor had 19 juvenile winners in 2021, placing him fifth in the rookies' table. This tally was achieved from as many as 74 starters, albeit that was actually fewer than had represented any of the four above him. (The top two, indeed, gunned no fewer than 92 and 94 starters respectively!) The previous year, in contrast, American trainers had started less than half as many juveniles (34) by The Factor, and had pushed only half a dozen of those early enough, and hard enough, to win.

On the face of it, then, Japanese trainers appear to have fallen prey to pretty much the same misapprehension that contributed to an up-and-down start to this horse's home career.

Back in 2015, The Factor created such a buzz with his first yearlings into the ring–averaging a spectacular $143,499 off a $15,000 cover–that he was afforded the unusual distinction of a fee hike (to $25,000) before he had even launched his first runners. Somehow the market had decided that he would produce a stream of precocious youngsters, even though he had himself only made his debut on Nov. 28 (and broken his maiden a month later). To be fair, he was a sufficiently natural runner to promptly make all in both the GII San Vicente S. and GII Rebel S., before derailing from the Triple Crown trail and reverting to sprinting for his two Grade I wins.

In the event, with many immature yearlings having been put through the pinhooking ringer, The Factor had to settle for fifth in the 2016 freshmen's championship; and for 10th by winners, with 14 from 53 starters. (Albeit these included GI Chandelier S. winner Noted and Quoted.) Gradually, however, people figured out that he would reward a more patient approach. As his stock matured, so did The Factor's standing. He finished runner-up for the second-crop title; and by 2019, the year he had returned to Kentucky, he was bossing the fourth-crop table across all indices: 167 winners of $10.1 million, including 13 stakes winners/29 stakes performers. (The same year Union Rags and Maclean's Music, who have emerged from the same intake to command consistently higher fees, couldn't match those numbers even if combined together.)

There was a perfect snapshot of The Factor's developing profile that year when the 5-year-old Cistron, who had actually contributed a juvenile maiden win to his sire's freshman tally, crowned his ongoing improvement with success in the GI Bing Crosby S. By the end of the campaign, moreover, only Into Mischief and Kitten's Joy beat the 167 winners accumulated by The Factor.

The die was now cast. In 2020, The Factor missed making the top 10 living Kentucky stallions by a few cents; and while he proved a little lighter at the top end in 2021, by volume of winners he was beaten this time only by Into Mischief and Munnings. These are quite remarkable accomplishments for a stallion standing at $17,500.

Unlike so many of his commercially esteemed rivals, moreover, The Factor's output is not the result of enormous books. Its bedrock is–well, the second syllable of that word: Rock. Or substance, soundness, constitution. Not one of his Kentucky rivals can match his ability to get a named foal onto the racetrack, with a lifetime clip currently topping 88%. More Than Ready and the Airdrie stalwart Include get closest, at 85%, but there are some pretty expensive stallions bumping along in the low 70s. (The Factor gets fairly close to some of those even by his ratio of winners to named foals, touching 63%.)

The Factor's leading performer in 2021 was Charmaine's Mia, who won three graded stakes and placed in the GI Breeders' Cup Turf Sprint. Here, sure enough, was another showing striking improvement in her fourth campaign, having started out at two winning a maiden claimer. By now, then, we should all know what to expect of a sire entering his prime at 14. If his Japanese stock have been more aggressively campaigned in their youth, then it can only be auspicious that they have responded as well as they have. Because, with such hardiness on their side, they will surely keep building like their American kin.

“It was the classic case of a horse looking like he was going to be a big 2-year-old sire,” says Bill Farish of Lane's End, invited to reflect on The Factor's evolving profile here. “The hype was amazing, and very hard to live up to. He's done very well to be so successful after people had to readjust their sights, because I think he was really penalized that first year, when so many of them went to the 2-year-old sales. They just weren't ready for that kind of grind. I remember talking to [partner] George Bolton at the time, saying that [The Factor's sales debut] was kind of a mixed blessing because if they don't really thrive in that environment, it would hurt his numbers. And it did. But they came through anyway, because they're just so sound.”

Sending The Factor to Japan was a calculated risk. No doubt there were sound economic reasons for doing so, especially at a time when the domestic market was reappraising its initial assumptions. At the same time, the horse's migration locked a blip into his future momentum, one that perhaps contributed to a rather quieter yield at the yearling sales this time round. Farish duly urges breeders to consider the bigger picture, and anticipate the potential gains in The Factor's stature by the time foals conceived this spring come onto the market.

“Luckily, he's had 366 mares since he returned, so he's got quite a pipeline coming from the last three seasons,” he said. “That's important because it can take a while to recover from taking even one year off, and we know his production on the track will be down some this year. But I think he's the kind of exceptional horse that can pull it off. He's proven to be so consistent, and we're excited about bringing him back on track.

“Hopefully everyone will see what an impressive start his Japanese foals have made. It's hard to follow all the form over there, but I know they were quite happy with the book of mares they got [166] and they're certainly pleased with the results. Making the top five first-season sires over there is very impressive.”

Having shuttled three times to the Southern Hemisphere, and with top-class form on synthetics as well as dirt, The Factor is eligible to prove a significant international influence. After all, he comes from the first crop of one such, War Front, who was himself among the last sons of a still greater one, in Danzig.

Moreover The Factor offers modern breeders parallel compression of access to a damsire, shared with Galileo (Ire) and company, as internationally important as Miswaki.

“But while he does get turf horses, too, I think 17 of his 19 winners in Japan have been on the dirt,” Farish stressed. “I don't know if they've been targeting dirt races primarily, to start out, but they certainly handle it well.”

Bottom line is that his trademark resilience should allow The Factor not only to build on his prolific start in Japan, but to bridge the gap his migration will temporarily create in his domestic footprint.

“He does get 2-year-olds, but they stay around too,” Farish said. “It's just amazing, if you go down the list of his top performers, and see how many of them are four, five, six, even seven years old. It's not just one or two cases. All his top runners have kept right on going, to a degree I've really never seen. He gets sound horses–and that's half the battle, isn't it? They go on forever.

“All those [sire] lists are so useful, because people do tend to forget about stallions just below the top tier and they can see just how consistent he has been. With those percentages for starters and winners, he gives you a really good chance. The Factor is the definition of a value sire.”

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