Unlike America, the foal crop in Britain and Ireland has been gently on the rise in recent years, up to 13,438 in 2023, compared to 12,778 in 2020, though within that combined number for last year, the Irish crop rose by 4% to 9,082 while the British number was down by 4% at 4,356. It will be interesting to see if that trend continues this year.

Those behind the stallions will be all too aware of the dilemma faced by some of their clients. In Monday's TDN, Coolmore's Mark Byrne said, “Now more so than ever breeders will need to steady the ship and use the good stallions that they can afford.” 

As we discussed in Part II of this series, which looked at stallions under the £/€10,000 mark, for those attempting to breed commercially and second-guess which way the winds of fashion and favour will blow, it truly is a game of chance. As we go up another tier in price, we will try to offer some perspective on both up-and-coming and established stallions which could offer value. This will not include any of the stallions standing their first season this year who were dealt with in Part I of the series.

Proven sires

While for many breeders the Juddmonte high-flyers of Frankel (GB) and Kingman (GB) are out of reach, it is hard to look past two stalwarts of the roster in this division. Bated Breath (GB) had a quieter year in 2023 by his own standards but he has the offspring of his strongest crop on paper to run for him this year and he's a stallion we will surely be hearing plenty more from. Having spent a couple of years at £15,000, he is back down to £10,000 and when considering his yearling average in 2023, of £48,300 for 60 sold, this does look a very workable price for a horse who generally gets good-looking sprinter-milers.

Then there is his fellow resident Oasis Dream (GB), who has been a friend to the British breeding industry for 20 years now and last year had a yearling average of just over £55,000. Yes, he's 24, but at his lowest fee of £15,000 (his career high having been £85,000 ten years ago) he's a decent choice to get a young mare off to a good start. We all know what Oasis Dream can do: his best horses among his 18 Group/Grade 1 winners include his champion two-year-old son Native Trail (GB), who has recently retired to Kildangan Stud, the brilliant Midday (GB) and top sprinter Muhaarar (GB). Oasis Dream is versatile as a sire and increasingly influential as a broodmare sire – from brilliant juvenile sprinter Big Evs (Ire) (Blue Point {Ire}) to talented stayer Quickthorn (GB) (Nathaniel {Ire}). 

And that brings us to Nathaniel, who some now seem to consider a National Hunt sire but that's sheer madness. With a Derby winner and an Oaks winner already in his portfolio, Nathaniel added another two Group 1 winners to his list last year in the Champion Fillies and Mares S. winner Poptronic (GB) and the aforementioned Quickthorn. Both of these horses raced for their breeders, and I guess Nathaniel has a proper owner-breeder profile, but look at how the Blunts and the Blyths have been rewarded for their patience: Poptronic was sold for 1.4 million gns after her Champions' Day success, having also racked up racecourse earnings of £459,815, and Quickthorn has earnings knocking on the door of £800,000.

Nathaniel's fee has gone up again a little this year. After spending three years at £15,000, he is now back at £17,500, but he's still worth it. 

Golden Horn (GB) is another with a National Hunt label around his neck since his move to Overbury Stud but again, if you're an owner-breeder with a bit of patience, he really should not be forgotten. Admittedly, it remains a disappointment that from his early expensive books he has still not produced a Group 1 winner. That is surely coming, but it didn't happen soon enough to stop his fee dropping from £60,000 to £10,000 (having been at £8,000 last year when he covered 162 mares). Sure, plenty of breeders have had their fingers burnt, but he is now at a price which is workable. He had nine stakes winners in 2023, including three Group 2 winners, putting him ahead of some fairly big names, and he certainly should not yet be considered solely a jumps sire.

On the rise

Territories (Ire) is quietly compiling a decent record and is one who could easily be overlooked in the rush for the new stallions. He shouldn't be. Haydock Sprint Cup winner Regional (GB) became his second Group 1 winner last year after the Prix de l'Opera heroine Rougir (Fr), and he was represented by another seven stakes winners in Australia, Britain, Italy and Germany last year. His fee has been pretty consistent: £12,000 for his first four years and £10,000 for the next four. Territories is not necessarily flashy but, from the family of Shamardal and Street Cry (Ire), he has a solid feel to him.

There's a lot of love for Kodi Bear (Ire), particularly in our house, because he is from the family of Roy Rocket (Fr). But that pointless fact aside, he made a decent start with his first crop which included the Group 2 winner Go Bears Go (Ire) and Oaks runner up Mystery Angel (Ire). He needs to build on that, but he has some bigger and more expensive crops on the way through following his early success. This season's two-year-olds were conceived from his lowest fee of €6,000. He's been at €15,000 for the last two seasons and remains at that figure in 2024. Crucially, the market seems to retain faith in his stock.

Phoenix Of Spain (Ire) caught a few people by surprise with the early results of his first two-year-olds, his 18 winners including the G2 Vintage S. winner Haatem (Ire) and giving him a 36% winners to runners strike-rate. His fee for 2024 has been reduced by a third from his opening price of €15,000, and €10,000 seems a reasonable level for this good-moving Classic winner.

Heading into the second season

In France, Sealiway (Fr) was the busiest new stallion of 2023 and, a good juvenile himself, it would be no surprise to see him make a reasonably fast start with his runners. That won't be until 2026, but considering the leap his own increasingly popular sire Galiway (GB) has made, from €3,000 to €30,000, Sealiway's fee of €12,000 may look reasonable in years to come, and he has certainly been lent some support to get his career off to a decent start.

For his personalised breeder bonus scheme alone, which returns for his second year at stud, it is worth taking a chance on Stradivarius (Ire), who covered 120 mares in his first year and remains at £10,000. He's unlikely to get you the Brocklesby winner but if he sires horses in a similar mould to himself, there could be plenty of fun and rewards to be had down the line.

TDN Value Podium

Bronze: Gleneagles (Ire), Coolmore, €17,500

From a top-drawer family, Gleneagles had weighty expectations on his shoulders from the start. While he may not have quite lived up to that level, and his fee has come down accordingly, he has steadily proved himself to be more than useful and was represented by nine group winners last year, while his daughter One Look (Ire) was the easy winner of the Goffs Million on debut, having been picked up for €65,000 as a yearling. In the last two years another three of his daughters have sold for in excess of 500,000gns at the December Mares Sale.

Silver: Ardad (Ire), Overbury Stud, £12,500

Ardad could have a big year in store. From being the leading first-season sire in Britain in 2021, when his son Perfect Power (Ire) won the G2 Norfolk S., G1 Prix Morny and G1 Middle Park S., his numbers dropped off keenly to just 18 foals in his third crop, but the success of his first runners meant that his book soared to three figures, and he has 101 two-year-olds in 2024, with 144 yearlings to follow those. From a lowest fee of £4,000 in 2021, he has since then stood at £12,500, which keeps him in a commercial bracket, with a yearling average last year of almost seven times his fee.

Gold: Study Of Man (Ire), Lanwades, £12,500

One of the best-bred stallions in Europe, this son of Deep Impact (Jpn) made a really promising start with his first two-year-olds last year and is another who could be set for a big season. His most obvious Classic prospect from his nine winners at a strike-rate of 35% is Deepone (Ire), winner of the G2 Beresford S., a race whose previous winners include Sea The Stars (Ire), Saxon Warrior (Jpn), and Luxembourg (Ire). But there are others who could well step up on impressive performances last season, including the French-trained Birthe (Ire) and Newmarket winner Sons And Lovers (GB). One would expect his stock to be progressive and there's a number of well-bred youngsters yet to make an appearance, not least a half-brother to the Derby winner Desert Crown (GB).

Breeder's perspective: Tom Whelan, Church View Stables

Gold: Kodi Bear (Ire)

Silver: Supremacy (Ire)

Bronze: Space Blues (Ire)

Breeder and pinhooker Tom Whelan says, “I've had great luck with Kodi Bear so I'd have to put him forward as being the best-value stallion in this bracket. He gets great-looking horses and they all have a great attitude and lovely size for a son of Kodiac (GB). He's just very hard to knock. I'm a huge fan.  

“I have been very taken by some of the progeny of Supremacy. He looks to have a real chance. Another one who had his first foals last year was Space Blues and, while I might be a bit biased here because I got decent money for one, I'd be happy to use him going forward. I better give a mention to two others, Phoenix Of Spain and Lucky Vega (Ire), as they are producing the goods at this level as well.”

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In America, the other Mutasaabeq of the same vintage was bought by Shadwell for $425,000 and is by Into Mischief. Winner of the GII Bourbon S. and placed in the GI Hopeful S., he is about to embark on his first season at stud at Pleasant Acres Stallions in Florida. 

But let's return to Shadwell's homebred Mutasaabeq (GB). His seven wins, including three Group 2s, from 17 starts tell of an honourable racing career for Charlie Hills. Not one at the absolute highest echelon, but admirable and consistent nonetheless, conducted over four seasons, during which he showed a distinctive love of Newmarket's Rowley Mile. Perhaps that was ingrained in his DNA, because Mutasaabeq is out of the record-breaking 1,000 Guineas winner Ghanaati (Giant's Causeway). Her half-sister Rumoush (Rahy) won the Listed Feilden S. at the track before running third in the Oaks, and half-brother Mawatheeq (Danzig) was beaten only half a length by Twice Over (GB) in the G1 Champion S. when it was still run at its rightful home of Newmarket.

It doesn't stop there, of course, because this is Shadwell's signature family, which blossomed for Sheikh Hamdan after his purchase of Ghanaati's granddam Height Of Fashion (Fr) (Bustino {GB}) from the late Queen more than 40 years ago. 

Height Of Fashion's celebrated offspring include the stallions Nashwan, Unfuwain and Nayef, as well as Ghanaati's dam Sarayir (Mr Prospector), who also had a fondness for the Rowley Mile, where she won the Oh So Sharp S. Go back another generation from the multiple group winner Height Of Fashion and you find another 1,000 Guineas winner, Queen Elizabeth II's Highclere (GB) (Queen's Hussar {GB}). There is yet another one, King George VI's Hypericum (GB) (Hyperion {GB}), two generations back again. 

Recent recruits to the global stallions ranks who share this family are the brothers Baaeed (GB) and Hukum (Ire). In short, Mutasaabeq is regally bred in every sense of the word.

“Mutasaabeq was raced by Shadwell, so we're very grateful to Sheikha Hissa to be able to have the opportunity to purchase a horse of his calibre,” says the National Stud's head of bloodstock Joe Bradley. “He was incredibly well performed, has a sensational pedigree, and for us, placing him at the right price point was was key to everything.”

That price is £6,500, and Mutasaabeq joins the stud at a time when expectations are high. Lope Y Fernandez (Ire), who had 40 of first foals sell for an average just shy of £22,000, roughly two and a half times his fee, has his first yearlings on show next year, while the first foals of Stradivarius (Ire) will start to appear from next month.

Mutasaabeq, who is rising six, did all of his racing between 7f and 8.5f, winning his only start at two – at Newmarket, where else? – and then landing a conditions race on his three-year-old debut before bouncing straight into the 2,000 Guineas, in which he finished midfield. His four-year-old season was speckled with group placings until he landed the G2 Al Basti Equiworld Joel S., a race he returned to win this year for the second time, having kicked off his final season in training with victory over Goldolphin's Classic winner Native Trail (GB) in the G2 Bet365 Mile.

Bradley says, “I think his record really speaks volumes for the horse. Invincible Spirit is such a sensational stallion that gets plenty of two-year-old winners. But really, I think if you look at profiles of his progeny, they always train on and that's vital to what we're doing here, and to the industry as a whole, to have that longevity. “He was a two-year-old winner who really came to the fore as an older horse. At four in the Joel Stakes, he made all that day, which became a trend in his races this year. On a seasonal debut in the Bet365 Mile Group, he beat Group 1 performers that day by three lengths. That was a sensational performance, if you look back on it. 

“And to be able to finish his racing career with a group victory is something that that really stood out to us. His highest rating this year is 120, so he's really proved that he's one of the best colts of his generation.”

The National Studs of England and Ireland are both more than just stallion and boarding farms. Both are centres of excellence when it comes to providing tailored education for those wanting to work in the bloodstock industry. In Newmarket, the training courses have been reimagined of late in order to adapt to changing working practices.  That includes a shift in the calendar for the 'Level 3' Stud Management and Sales Consigning course, which takes place over 26 weeks.

Anna Kerr, the chief executive officer of the National Stud, explains, “One of the biggest shifts in the last 18 to 24 months has been that we are consciously trying to make the education programme more flexible for people, because we are living in a world where there is a requirement to be more flexible. Previously our diploma students were leaving in June and would be going straight to the yearling prep and quite a few of them wouldn't have had done yearling prep before coming to us, which is quite a crucial part of the handling. So we moved the start date of the course forward to mid-September and it now runs to mid-April. The students come in, their learning curve is quite steep, but we always see that when students immerse themselves in the environment, they learn so quickly.”

She continues, “They all did paid work placements at the yearling sales or foal sales this year. Some employers were a bit nervous initially, but once they saw the calibre and the the standard that they were bringing, they were in very high demand then for December. A couple of them got offers to go to Goffs as well.

“The feedback has been really positive. When the students come in, they're not just mucking out for six months, they're immersed in that whole excitement of the sales season and seeing what the end product is and then going on and really having their skills honed during the breeding season. We're really pleased with how it's going thus far.”

There is even greater flexibility in the eight-week 'Level 2' Entry to Stud Employment Course, run in conjunction with the TBA, and after which students are guaranteed a paid placement with a stud over six to nine months.

“With Level 2, there isn't a dedicated start date for that in the same way that there was previously,” says Kerr. “So people can come in to that course any time. Again, that's working well. It's just so that if someone comes to us and wants to enrol in something you're not saying, 'Okay, that's great, come back to us in October.' You're actually saying, 'Yeah, you can start tomorrow.' We can get them in and get them going quite quickly.

“They work alongside the stud team, and there'll always be about three or four students at a time. When we had big groups of 15 to 20 coming through the attrition rate was high, but once you can get them through the training, the retention is very solid within industry. It's about 81% retention for the last five years of our graduates.”

She adds, “And all the qualifications are deliverable in the workplace. If there are employers who want to upskill their workforce, they can register with us and the training can be delivered in the workplace so they don't have to lose their staff to a residential course.

“We need people and we need to develop the workplace culture so that they're being looked after in the right way.”

Another new venture for the National Stud, or rather a return to previous ways, is its investment in a select number of broodmares. 

“We want to be supporting our own stallions,”says Kerr, who recently bought the Le Havre (Ire) mare Sacred Valley (Fr) for the National Stud at Goffs for €52,000.

“We feel that we not only need to support our stallions, but we also need to be British breeders. They're not only our customers, but also our community. And with the number of British breeders contracting, we think it's ever more important that the National Stud is helping. We need active breeders.

“Last year we bought four and a half new mares, one in partnership with MyRacehorse.com. Our plan is just that each year we would buy at least one mare to support our stallions. Sacred Valley is in foal to Saxon Warrior and she'll be going to Mutasaabeq.”

The aforementioned mare owned in partnership with MyRacehorse is Blackbird Power (GB) (Dark Angel {Ire}), who is one of the 120 mares in the first book of Stradivarius. 

“She's carrying a colt and she's due reasonably early. We should have three Stradivarius foals at the stud so we're extremely excited by that,” Kerr notes. 

The collective excitement building up to Blackbird Power's first foal is likely to be greater than any other imminent arrival in the country as there are 1,000 micro shareholders involved in the mare.

“The last Saturday of every month we have a My Racehorse tour. Joe does them and he loves it,” says Kerr.

Joe is likely to be very busy indeed when 1,000 owners are clamouring to see the mare's Stradivarius foal in January, but what a fantastic way to spread the excitement of breeding racehorses. 

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This year, the public were invited to choose from a shortlist of five Long Distance legends shortlisted by the Hall of Fame's eight-strong independent judging panel and consisting of Ardross (GB), Le Moss (GB), Persian Punch (GB) and Yeats (Ire). More than 3,000 people voted online via the Hall of Fame website as well as through a special interactive screen installed within the Hall of Fame exhibition at the National Horseracing Museum in Newmarket.

Connections of Stradivarius will receive a specially commissioned medal crafted by Asprey to mark the induction, which will be presented ahead of Tuesday's Al Shaqab Goodwood Cup, which Stradivarius won a record-breaking four times.

“It's an honour for Stradivarius to receive this award and to join the illustrious group of inductees that are already installed in the QIPCO British Champions Series Hall Of Fame,” Nielsen said.

“I'd like to thank The Hall of Fame, all his fans, as well as everyone who voted for him. Donna Vowles at Kiltinan Stud who foaled and weaned him, John Gosden who managed his career so brilliantly, and the staff at Clarehaven who were all instrumental in his success.

“I must also congratulate the other nominees and their connections. Ardross, Le Moss, Persian Punch and Yeats were all tremendous, legendary stayers and it was an honour for Stradivarius to be included in this list.”

Stradivarius was retired from racing at the age of eight to the National Stud in Newmarket, where he has recently completed his first season, covering more than 100 mares. He won a record 18 European group races made the frame in another ten. In addition to three successive Gold Cup victories at Royal Ascot and four Goodwood Cups, he won three Yorkshire Cups, three Lonsdale Cups, two Doncaster Cups, a QIPCO British Champions Long Distance Cup, a Sagaro Stakes and a Queen's Vase. He also twice won the Weatherbys Hamilton Stayers' Million bonus.

Hall of Fame judge and Racing Post Director Alan Byrne said, “Few horses have the talent to win group races. To compete in, never mind win, the highest-quality staying contests season after season, between the ages of three and eight, is an extraordinary achievement. Those hoping to see his deeds matched may need to live a long time.”

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“Stradivarius has taken to his new role extremely well.” said National Stud head of bloodstock Joe Bradley. “He has 11 mares scanned in foal and will cover well over 100 mares this year.”
Stradivarius claimed Group honours 18 times during his career retiring with total earnings of almost £3.5million, plus two individual £1million bonuses.

There are sizeable payouts on offer for breeders supporting Stradivarius, with £25,000 for his first ten 2-year-old winners. His first flat Group winners will boost their earnings by £100,000 for a Group 2/3 and £250,000 for a Group 1.*

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There is plenty to digest from three years' intake and of course prices can often drop after a stallion's first year at stud, so there could be some value to be found for breeders willing to roll the dice on a stallion about to embark on his third season. He will have first runners before the resultant offspring of this year's matings make it to a sale. As always, results on the track are everything, and we are very much in unproven territory here. 

As with the earlier parts of this series, the sires have been divided into fee brackets and though there is of course some discrepancy between the euro and the pound, we are treating them as equals here.

Stallions standing at £/€25,000 and above

At £80,000, Baaeed (GB) is the most expensive young sire to retire to stud within this timeframe and it would not have been a surprise if he had commenced covering at a six-figure fee. Instead he is starting at almost exactly the same level as his sire Sea The Stars (Ire) and the problem for Shadwell won't be filling his book, rather deciding which breeders they have to let down. 

Some will baulk at Baaeed's absence of two-year-old form but, at 135, he is the highest-rated son of a brilliant stallion with a wonderful pedigree behind him, as well as a race record that includes victory in six coveted Group 1 races in Britain and France. He'll be given a great chance in his new career and in a few years £80,000 may look very reasonable at this upper level of the stallion market.

Baaeed got the better of Palace Pier (GB) in the 2021 Champion S., but until then the latter had compiled a similar race record, albeit his included maiden and novice wins at two. This top-class miler had his fee trimmed to £50,000 from £55,000 for this year, after a who's who of international breeders lined up to use him in 2022, when he covered 154 mares, including the dams of Cracksman (GB) and Farhh (GB).

On a swelteringly hot June day in Chantilly, Sottsass (Fr) became the first Group 1-winning colt for his Siyouni (Fr) when landing the Prix du Jockey Club of 2019. One could sense the joy Peter Brant derived that day from winning a French Classic, and that was multiplied the following year when Sottsass claimed the Arc, too. He is of course a son of the Monceaux super mare Starlet's Sister (Ire) (Galileo {Ire}) and has been clipped to €25,000 from his €30,000 opening fee. His owner backed him strongly with his own mares and his first yearlings will take to the ring from August. A year behind him and bred on the same Siyouni-Galileo cross is the former champion juvenile St Mark's Basilica (Fr) who sailed through his 3-year-old seasons with a French Classic double followed up by victories in the Eclipse and Irish Champion S. A heftier price tag of €65,000 greeted his arrival at Coolmore, and his first foals will be arriving this spring, while his half-brother Magna Grecia (Ire) (Invincible Spirit {Ire}) will be represented by his first runners. A big year for the family.

One name that we can expect to make a big splash at the yearling sales this year is the 2020 Horse of the Year Ghaiyyath (Ire). The first foals of the son of Dubawi (Ire) and Classic heroine Nightime (Ire) (Galileo {Ire}) returned a six-figure average just above 100,000gns, with a 375,000gns top lot. He is competitively priced at €25,000 and he has covered some smart mares, including G1 Fillies' Mile winner Lyric Of Light (GB) (Street Cry {Ire}), G2 Rockfel S. winner and 1,000 Guineas runner-up Lucida (Ire) (Shamardal), and dual Group 3 winner Tickled Pink (Ire) (Invincible Spirit {Ire}), who is also the dam of G1 Breeders' Cup Juvenile Turf winner Victoria Road (Ire) (Saxon Warrior {Jpn}).

Pinatubo (Ire) carried all before him in his unbeaten juvenile season, ending 2019 as the champion in Europe. It is easy to imagine that his offspring could show similar precocity, thus making it a decent bet that his first yearlings will sell well this year. For these reasons, along with strong support from breeders, he has remained at €35,000 since his retirement to stud. His sire Shamardal had started out at €40,000 and dropped in years four and five to half that amount. We all know what happened after that: his fee climbed steadily, along with his reputation for excellence. 

Persian King (Ire) was an early star and a first Classic winner for his sire Kingman (GB). A Group 3-winning juvenile, beating Magna Grecia (Ire) in the Autumn S. at Newmarket, he took the Poule d'Essai des Poulains and then added a further two Group 1 wins to his credit at four in the Prix d'Isaphan and Prix du Moulin. A first try at a mile and a half on his swansong saw him finish third behind Sottsass in the Arc. He entered stud at a sold €30,000 and has been trimmed slightly in this, his third year, to €25,000.

Last season's champion juvenile Blackbeard (Ire) will remain a brilliant 2-year-old in our memories as he has been retired to stud off his dual Group 1 strikes in the Prix Morny and Middle Park S. From his eight starts, he won six, as early as the beginning of April and including the G3 Marble Hill and G2 Prix Robert Papin. 

At a time when many breeders will struggle to get near his sire No Nay Never, Blackbeard looks an appealing alternative at €25,000 and it's unlikely that he will lack support. 

Stallions standing at £/€15,000 to £/€24,999

Godolphin had an embarrassment of Shamardal riches in 2019 with Pinatubo stealing the show but Earthlight (Ire) more than holding his own when, just like Blackbeard three years later, he won the G1 Prix Morny and G1 Middle Park. Earthlight's foals sold well last year and, now trimmed from an opening fee of €20,000 to €15,000, he could well be good value at this level. Victor Ludorum (GB), who completed Godolphin's hat-track of homebred Group 1-winning sons of Shamardal that year, stayed in training through his 4-year-old season after winning the Prix Jean-Luc Lagardere and Poule d'Essai des Poulains in his first two years in training. His final win was in the G3 Prix Messidor, and he too is at €15,000 at Haras du Logis.

Hello Youmzain (Fr) has Shamardal on his dam's side and is a rare son of Kodiac (GB) in France. He's a durable one, too. In three seasons to race, he was a Group 2-winning juvenile before landing the G1 Sprint Cup at three and the G1 Diamond Jubilee at four. Starting out at €25,000, he's now at €22,500 in his third season.

At the same stage in their stud careers are two Group 1-winning milers: Kameko and Mohaather (GB). The former, by Kitten's Joy and a top-level winner at two and three, has had a £10,000 reduction from his opening fee and is now at £15,000, while Mohaather, a sleek son of Showcasing (GB), has also been at that fee for two years, having started at £20,000.

Like the aforementioned Victor Ludorum, Lucky Vega (Ire) also represents the Shamardal line, has his first foals arriving, and is also pitched in at €15,000. He has received significant backing by his owner Yulong Investments, and is one of a number of young sons of Lope De Vega (Ire) at stud. It is doubtless hoped by his connections that he will pick up the baton for this line which is increasingly flourishing in Europe.

Similar comments can be applied to Space Blues (Ire) and the Dubawi sire-line. The hardy little chestnut really hit his stride as an older horse after being Group 1-placed and a listed winner at three. His top-level wins came in the Prix Maurice de Gheest (beating Hello Youmzain) at four, before he signed off at five with an international G1 double in the Prix de la Foret and Breeders' Cup Mile. He has been competitively priced at €16,000 this season.

The G1 July Cup winner Starman (GB) was one of the busiest Flat stallions of 2022, with David Ward's statuesque homebred given a rousing reception at Tally-Ho Stud when covering 254 mares at a fee of €17,000. That has been trimmed his season to €15,000.

Entering stud this season in this bracket are the Group 1 winners State Of Rest (Ire) at €25,000, and Mishriff (Ire) and Torquator Tasso (Ger) at €20,000. Perfect Power (Ire) begins at a fee of £15,000 in Newmarket, while in Ireland Bayside Boy (Ire), Minzaal (Ire) and Naval Crown (Ire) are all starting off at €15,000.

Stallions standing at £/€7,500 to £/€14,999

In France, where Wootton Bassett (GB) is almost certainly missed, his fast son Wooded (Fr) was added to the ranks at Haras de Bouquetot in 2021 after winning the G1 Prix de l'Abbaye. Starting off at €15,000, his first yearlings are on the horizon and his fee has been snipped to €12,000.

Wooded went head-to-head in Normandy with Golden Horde (Ire), another Group 1-winning sprinter who joined the Sumbe team and will also have his first yearlings for sale this year. His opening mark of €10,000 has been reduced to €8,000.

Circus Maximus (Ire) has tended to sail a little under the radar, but it should not be forgotten that he is a treble Group 1-winning miler by Galileo (Ire) out of a classy mare in the Group 2 winner Duntle (Ire) (Danehill Dancer {Ire}). His fee has been halved from his first year to €10,000 in his third year, and he has some potentially smart offspring to represent him, including Proxima Centauri (Ire), a filly out of his breeder's four-time Group 1 winner Alpha Centauri (Ire) (Mastercraftsman {Ire}) and a colt out of the smart racemare Banimpire (Ire) (Holy Roman Emperor {Ire})

Another well-bred son of Galileo, Japan (GB), joined the German stallion division at Gestut Etzean in 2022 and has remained at €11,000 for his first two seasons. The National Stud's Lope Y Fernandez (Ire) is another with first foals arriving and his fee has also been maintained at £8,500, while the G1 Middle Park S. winner Supremacy (Ire), one of a number of young sons of Mehmas (Ire) to retire to stud in the last two years, has been trimmed from €12,500 to €10,000 at Yeomanstown Stud. A year behind him is another Mehmas horse, Persian Force (Ire), who starts out at Tally-Ho Stud, where he was conceived, at €10,000.

The Chehboub family's Haras de Beaumont sets out its stall as one of the newest stallion operations in France by standing their own Prix Jean-Luc Lagardere and Champion S. winner Sealiway (Fr) at an opening fee of €12,000.

If you set a stallion's fee against the number of miles covered in their careers then Stradivarius (Ire) would certainly represent value as he raced over almost 65 miles during his 35 races, 20 of which he won, including 18 group races. In fact, any way you look at it, you get plenty of bang for your buck (£10,000, to be precise) when booking a mare to the charismatic stayer, for his noted soundness is exemplified by his elastic movement which has turned many heads since he joined the stallion yard at the National Stud. Throw in the Stradivarius breeder bonus offered by his owner Bjorn Nielsen, which rewards the breeders of his first ten 2-year-old winners with £25,000 each, and first-crop group winners with £100,000 for Group 2 or 3 races and £250,000 for a Group 1 victory, then he is certainly worthy of serious consideration.

Stallions standing at less than £/€7,500

Farhh (GB) may have covered only limited books since retiring to stud in 2014 but he now has four sons at stud. Two of those, Far Above (Ire) and King Of Change (GB), stand alongside each other at Starfield Stud and have their first yearlings on offer later this year. Yes, it's a chancey time to use any third-year stallion, but at €5,000 and €6,000 respectively, they look well-priced, and the Group 1-winning miler King Of Change in particular came in for some compliments from shrewd operators when his first foals were in the sales rings last November.

We may have trouble saying his name, but Sergei Prokofiev did not go unnoticed when his first foals hit the sales last year either, and the son of Scat Daddy is another ensuring that the Whitsbury Manor Stud stallion barn remains plenty busy over the coming months. At £6,000 he is competitively priced, and the same can be said for River Boyne (Ire), Tara Stud's Grade 1-winning son of Dandy Man (Ire), who has remained at €5,000, the same fee set this year for Shaman (Ire), the Wertheimer-bred son of Shamardal who is at Yeomanstown Stud.

One of the most interesting horses in this fee bracket is Sands Of Mali (Fr), winner of the Gimcrack at two, followed by the G1 QIPCO British Champions Sprint at three among his four group victories. He's by a stallion that has some people scratching their heads, the dual Group 3 winner Panis, himself a son of the influential Miswaki. At €5,000, Sands Of Mali is an easy horse to breed to, but not just because of his largely outcross pedigree: he was also talented and is good-looking to boot. He has recently been joined at Ballyhane Stud by Space Traveller (GB), a son of Bated Breath (GB) who raced until he was six, having won the G2 Clipper Logistics Boomerang S. and G3 Jersey S. at three. His final start came last season when denied by a head to finish second in the GI Frank E Kilroe Mile at Santa Anita, and he starts his new career at a fee of €6,500.

Also at €5,000 at Castlefield Stud in Ireland is Alkumait (GB). We can be certain that his half-brother Chaldean (GB) (Frankel {GB}) will end up at stud eventually, but in the meantime this Group 2 winner has stolen a march and joins an increasing throng of sons of the popular Showcasing (GB) now at stud.

No Nay Never is another stallion with increasing representation among the stallion ranks and his young sons include Arizona (Ire), who is at Castleyhde Stud and the Molecomb S. winner Armor (GB), a recruit last year to Haras de Bouquetot. Both stand at €5,000, while Armor has been joined at Bouquetot by the G1 National S. winner Thunder Moon (Ire), who stands for €6,000.

A'Ali (Ire), a son of the late Society Rock who notched up four Group 2 wins during his career with Simon Crisford, joined the throng at Newsells Park Stud last season and his fee has been reduced from an opening mark of £7,500 to £5,000 this year, making him another to be a potentially value option for breeders. 

Tally-Ho Stud is represented as the breeder of a growing number of stallions at stud, including A'Ali and also Overbury Stud's new recruit Caturra (Ire). The Flying Childers winner is the first son of Mehmas to stand in the UK, and he has joined another Tally-Ho-bred, Ardad (Ire), at the Gloucestershire farm, where he will start off at £6,500.

The latest son of Wootton Basssett to retire to stud in France is last season's Poule d'Essai des Poulains runner-up Texas (Fr), who now stands at Haras de Hoguenet for €3,800.

Big Shuffle's son Areion (Ger) made a pronounced mark on the German breeding scene over many years, and died last year at the age of 27. He has been succeeded in that country by the Group 1 winner Alson (Ger), who retired to Gestut Fahrhof last year and stands at €6,000, while Rubaiyat (Fr), a five-time group winner in Germany and Italy, is his latest son to take up stallion duties, and he is at Gestut Ohlerweiherhof, where he commands a fee of €4,500.

Value podium:
Instead of selecting a gold, silver and bronze medallist, as is the norm for this feature, I am opting instead for three stallions across the distance range whom I believe represent value at this early stage of their careers. There are no prizes for guessing that Stradivarius is one, and he is joined by the miler Mohaather and the sprinter Sands Of Mali.

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Through the latter the group purchased the Dark Angel (Ire) three-year-old Blackbird Power (GB) at the Tattersalls December Mare Sale. A six-furlong winner for Andrew Balding, she will be sent to Stradivarius next season, with shares of both the mare and her resulting foal will be sold before both are reoffered at the Breeding Stock Sale at the end of 2024.

“When The National Stud approached us with this idea, we knew we had to be a part of it,” said Jules Pittam, a managing partner of MyRacehorse in the UK and Ireland.

“We promise our owners top racehorses and unique experiences, and you really can't beat owning one of the first foals by the phenomenal Stradivarius. Add in the fact that owners will have ample opportunity to visit The National Stud and see not only their foal, but Stradivarius as well, and you have a real once-in-lifetime opportunity.”

The National Stud's CEO Anna Kerr added, “Our partnership with MyRacehorse gives racing fans an opportunity to experience horse racing ownership in a totally different way. Stradivarius is a modern racing icon, and the opportunity to be a part of his stud career will enable those involved to build a deep connection with one of the most popular Flat horses in recent memory. We are looking forward to welcoming owners to the next chapter of Stradivarius's story and look forward to this syndicate providing MyRacehorse owners with a truly unique experience.”

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He joins Time Test (GB), whose fee is unchanged at £15,000, while Lope Y Fernandez (Ire) will also remain at his fee of £8,500 as he embarks on his second season at stud.

Rajasinghe (Ire), who has a strike-rate of 67% winners to runners from his first crop of juveniles this year, is also unchanged at £3,000.

“Time Test has had a steady stream of high-quality winners throughout the year, his biggest and best quality books are still to come and we are very excited about what the future for him,” said the National Stud's head of bloodstock Joe Bradley.

“Lope Y Fernandez was very well received by breeders covering a stellar first book of 134 mares in his first season. As the only son of Lope De Vega standing in the UK, he provides access to one of the best international sire lines at a very attractive price. The partnership involved has such faith in the horse and we are now very excited to see his first foals in 2023.”

He added, “It is a privilege to welcome Stradivarius to The National Stud's roster for 2023. His exhilarating turn of foot, soundness and will to win all combined to make him a true icon of the modern racing era.”

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Trained by John and Thady Gosden, Stradivarius (Ire) (Sea The Stars {Ire}) won three Yorkshire Cups and two Doncaster Cups but will be best remembered for those epic Gold Cup triumphs at Ascot.

Owned by Bjorn Nielsen, who told TDN Europe about his intention to support the popular chestnut at stud upon his retirement, Stradivarius will join the roster at the National Stud. 

The 8-year-old bows out from the game as an eight-time Group 1 winner who won 20 of his 35 starts and netted connections almost £3.5million in prize-money.

While he didn't manage to win at the top level this season, he won a the G2 Yorkshire Cup on his seasonal return, and was last seen chasing home the new kid on the block, Kyprios (Ire) (Galileo {Ire}), in the G1 Goodwood Cup. 

Stradivarius was a late absentee in the Lonsdale Cup at York last month due to a bruised foot, with the horse taking longer than expected to recover from the problem.

“He has been trotting and cantering but it has taken longer to get over the bruised foot than we thought,” Nielsen said. 

“We felt it would be unfair to ask him to come back again as a 9-year-old next season after his enforced time off.

“It has been a fairytale from start to finish. Until this setback he had never been medicated and had never missed an engagement through injury.”

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Dettori came in for heavy criticism from Nielsen, who revealed to TDN Europe recently that the man who has partnered Stradivarius to three Gold Cup triumphs ignored instructions at Royal Ascot this year and last year by sitting too far off the pace. 

Nielsen said, “What people don't know is what the riding instructions were. With what happened last year, twice where Frankie sat so far back and down on the rail, he was told, 'Whatever you do, don't sit on the rail and get far back on the horse this year.'

“For some reason, he went and did what he did [at Ascot last month]. By the time we had a chance to get out again, it was an impossible task to make up the ground. If you look at how he was travelling when they turned in and how the winner was travelling, the winner was being ridden strongly and so were some others.”

He added, “The Strad was sitting there on the bridle turning in and through no fault of his own he didn't get a run. It was not a case of the others having younger legs than him. It was a case of he got no run and he was put in a position where he had no chance, unfortunately.”

The John and Thady Gosden-trained 8-year-old has already won the Goodwood Cup four times, including under Atzeni in 2017 and 2018, and Neilsen decided to change things up in the saddle.

“Frankie Dettori, who has enjoyed a great relationship with Stradivarius and ridden him to many brilliant stakes victories, more than he has any other horse, will by mutual agreement give up the ride to Andrea Atzeni in the Goodwood Cup,” Nielsen told Racing TV.

“Frankie remains not only 'the Strad's' biggest fan but a very good friend and of course I look forward to seeing him continue his phenomenal career as one of the greatest big-race jockeys of all time.

“Andrea will be no stranger to Stradivarius as they are undefeated together, winning the 2017 and 2018 Goodwood Cups as well as the 2017 Queen's Vase.”

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By his owner and breeder Bjorn Nielsen he is referred to as 'The Strad', talked of as one would a favourite son or best friend. The 8-year-old stallion has earned his place in Nielsen's heart, just as he has earned the wider affection of the racing public. He remains equine box office, with this season regarded by many as a prolonged farewell tour. 

The fact that the longed-for fourth victory in the Gold Cup did not go to plan is of course a source of frustration for those directly involved with Stradivarius, particularly as Nielsen believes that the Gosdens had him note-perfect for his return to Ascot.

“John never really gets carried away beforehand saying anything's going to win but just reading between the lines, I know John felt like he had the horse absolutely spot on for that race,” he says. 

“I think it's been a remarkable job actually, by John and his staff, of keeping this horse on the go all these years and getting him to every race. It's the one great thing about John, if you have a top horse, he'll be there on the day. You don't have to worry about him being overdone or underdone. He's surely done that with The Strad's career throughout.”

And what a career it has been: 34 races to date, seven Group 1s among his 20 wins, nine more top-three finishes, and then there's the not insignificant matter of two Stayers' Million bonuses. Unfortunate timing for the enterprising folk at Weatherbys Hamilton who launched the initiative which sounded fiendishly difficult to win, but for it starting in the year in which Stradivarius really came into his own as a 4-year-old and sailed through a magnificent 2018 season unbeaten.

“He's happy in himself and he's eating well,” reports Nielsen of his star in the aftermath of Royal Ascot. “It would seem fairly obvious that if he's sound and well he's going to go to Goodwood.”

In a sense, Goodwood was where it all began for Stradivarius in 2017. He arrived for his first attempt in Group 1 company on the back of victory in the G2 Queen's Vase, and in some respects he was the villain of the piece in the Goodwood Cup when beating another popular member of the staying ranks, Big Orange (GB) (Duke Of Marmalade {Ire}), who at that stage was looking for his third win in the race. Stradivarius effectively then took ownership of the Goodwood Cup, with four straight wins until he was withdrawn on the morning of last year's race following heavy rain.

“Even though it's an incredibly long career, it seems like almost yesterday when he won that first Goodwood Cup but it's five years ago,” Nielsen says. 

“He has so many qualities, but soundness is one of the most amazing qualities he has, in that he's never missed an engagement in his entire career, except when we pulled him out of Goodwood, because they had 60 millilitres of rain last year, the night before. Otherwise, he's never missed, never missed at all. It's hard to say that about any horse.”

He's never missed, which is one of the reasons Stradivarius will be so missed when he eventually retires. There are few top-class Flat horses who remain in training for seven seasons, fewer still entire males. Which brings us to what happens next. 

A sensible observer would agree that Stradivarius has all the attributes required to have a chance to make it as a stallion if, that is, that person prizes soundness, durability, toughness, and a killer turn of foot. And what breeder wouldn't look for those qualities for their future foals? The problem is that a section of breeders have become fixated on trying to satisfy a fickle market rather than breeding what they believe will make a racehorse. It is a situation that means we now often find the winners of the best races in the programme book – you know, those that you'd give your right arm to win: the Derby, the Gold Cup – overlooked when the time comes for a stallion career.

Nielsen, naturally, is convinced of his horse's potential for a second career as a stallion, and it is hard to argue with his reasoning.

“With racehorses, half the battle is training them and getting them to the racetrack,” he says. “[Stradivarius] has soundness and longevity and consistency in spades. If he passes that on, he's a long way to being a good stallion. Apart from his tremendous will to win, another hallmark of his is his turn of foot.

“In his case, in a hell of a lot of races going way back now, it's always been a game of, 'okay, we're going to have to keep him boxed in for as long as possible and not let him out, because once he gets out his acceleration is why he wins'. It's happened in the last three races, which is really where Frankie's got into trouble with him.”

On the theme of this year's Gold Cup, he continues, “What people don't know is what the riding instructions were. With what happened last year, twice where Frankie sat so far back and down on the rail, he was told, 'Whatever you do, don't sit on the rail and get far back on the horse this year.'

“For some reason, he went and did what he did. By the time we had a chance to get out again, it was an impossible task to make up the ground. If you look at how he was travelling when they turned in and how the winner was travelling, the winner was being ridden strongly and so were some others. The Strad was sitting there on the bridle turning in and through no fault of his own he didn't get a run. It was not a case of the others having younger legs than him. It was a case of he got no run and he was put in a position where he had no chance, unfortunately.

“But he and Frankie have had a great partnership, and Frankie has ridden more group wins on him than any other horse he has partnered. Of course I am truly grateful for the partnership they have had and I don't want recent events to overshadow that.”

Nielsen is taking a race-by-race view towards the remainder of Stradivarius's racing career. A shot at a fifth Goodwood Cup on July 26 seems likely to be his next public outing.

“There's just no other way to do it. We'll see how he goes,” he says. “Hopefully he stays sound and he turns up there. I'm sure he will, with John training him, he's going to be 100 per cent when he turns up a Goodwood.”

The decision at this stage that Nielsen can have greater control over is where, eventually, his horse will stand. Offers have already been forthcoming from studs in France and Germany.

“I feel if I ever sold him out of this country, I'd probably get hung,” he says. “He deserves his chance in England and the one thing he's not going to do is cover jumping mares. He's absolutely going to cover Flat mares only. I'm going to give him a chance to prove that he can do it with Flat mares. I really want to keep him in England. With the history and traditions of English breeding I'd like to give him the chance in England, where there's the best racing in the world, and where he's been a bit of an icon really for the last five years.”

Nielsen continues, “There are two particular studs in England who have shown a lot of interest. I'm going to wind up almost certainly owning the horse entirely myself, without anybody taking any equity in him. I'll offer incentives and I've got six, seven, eight mares that I have in mind at this stage that I'd breed to him, that I think would suit him well.”

Though stud plans, or even retirement plans, are still a way down the road, the advertising campaign has already begun, highlighting how Stradivarius's speed compares favourably to other horses in shorter races run on the same course on the same day. For example, when winning the Goodwood Cup in 2020, the stayer's last four furlongs of the two-mile contest were run in 46.50s compared to 46.80s for Space Blues (Ire) over the final four of his seven-furlong spin in the G2 Lennox S. Similarly, in good to soft ground on Champions Day in 2018, Stradivarius recorded 36.82s over the final three furlongs of two miles, while Cracksman (GB) over the same stretch during ten furlongs of the Champion S. stopped the clock at 36.58s (finishing six lengths ahead of Crystal Ocean).

“I know commercially how things have gone, and people have got into thinking that they have to breed a six-furlong mare to a six-furlong stallion to wind up with a racehorse, but it's absolutely wrong,” says Nielsen.

“Obviously it's a combination of the stallion and the mare but some of the greatest horses that have ever been bred have been by so-called stayers. The Tetrarch was the best 2-year-old who ever lived. He was seven from seven as a 2-year-old, over five and six furlongs, and was a great influence on the breed. He was by a Doncaster Cup horse out of a mare that won over 11 furlongs. Ribot was the same. He was the champion 2-year-old in Italy, won the Arc twice, the King George, and was undefeated in 16 races. He was by Tenerani who won the Goodwood Cup when it was over two miles and five furlongs.”

Nielsen also points to the influential Deep Impact (Jpn), whose 12 wins came between ten furlongs and two miles, while ruing the demise of stamina influences in Australia and America.

“We've still got our stamina in Europe. I think it's really important that we hold on to whatever stamina we have, because the rest of the world, unless they just wind up running over six furlongs, they're going to need to breed to our stallions, our mares,” he says.  

“The authorities start to cater for a slightly faster horse and start to bring down the racing distance. If you're breeding for a mile-and-a-half race, people are trying to breed the mile-and-a-quarter horse who just about stays. Then you bring it down to a mile and a quarter, everybody starts to try and breed milers to just about last out the mile and a quarter to have that necessary speed. Once the racing authorities start to bring down racing distances, we're on a slippery path.”

Stradivarius's dam, the Wildenstein-bred Private Life (Fr) (Bering {GB}) was herself a winner at a mile and ten furlongs. His third dam Pawneese (Ire) (Carvin {Fr}) won the Oaks, Prix de Diane and King George. The record of his sire Sea The Stars is familiar to most, but it is worth repeating that he was the pre-eminent colt of his generation, from a mile to a mile and a half. His trainer John Oxx recently told TDN that he has no doubt that Sea The Stars could have won the St Leger. He is also the sire of the top-rated horse currently in training, the outstanding miler Baaeed (GB). It is easy to see whence Stradivarius derives his talent, with forebears of the highest calibre over a range of middle distances. 

“I'm going to send him mile or mile-and-a-quarter mares, and I see no reason why he's not going to come up with the goods,” says his breeder. “If you do that, with the soundness, his will to win and his temperament, he only has to pass on some of those traits and he'll be a good stallion.”

Nielsen also has confidence that he will be backed by his fellow breeders.

“I think he will get a decent book, but of course he's going to have to prove it himself,” he says. “The reason I put some of those ads out is to underline his speed. You can ask him to quicken in his races and then join the leaders and then you can actually stop with them again, which is very rare. Then he'll just sit again and relax, and then you can ask him again when it's time to go. Yes, I'm trying to influence people who think you've got to have speed into seeing that he really does have speed, because he does. He's very fast over two or three furlongs and horses like Earthlight and Space Blues, who were terrifically fast horses, he's run faster closing times than them comfortably.”

Nielsen has consistently set out his stall when it comes to what he wants as a breeder, and that is to breed a Derby winner. Stradivarius was not that, but in a way he became so much more, especially to the many people who have become his fans over the last five or six seasons.

“It is great to hear from people when they come up to me and say, 'Thanks for keeping him in training.' Either people who run race tracks, or even members of the public will say it sometimes when you walk between the pre-parade and the paddock. It catches you by surprise, when you hear it,” says Nielsen.

“Obviously, it's great that the public love the horse and that he's had the career that he's had, and I'd like to keep him in training for another 10 years if I could. I must admit, this season now, I start feeling the heat a little bit, because I feel like he actually hasn't lost his ability. It's been more down to what's happened in his races. He didn't lose a race last year that I felt was really because he wasn't good enough.

“I do feel the pressure a little bit now, especially because if he'd run the other day and he'd been beaten ten lengths, then it would've been easy to say, 'He's older now and he's done enough and he's clearly not the force he was', and I think everybody would understand it very easily. That's the way it is, but if he runs again at Goodwood like he ran the other day, I think the people might be saying, 'Why would you stop with him?'”

Certainly, the knowledge that the number of opportunities left to see Stradivarius at the racecourse are now few will add numbers to the gate at Goodwood, whoever else turns up to oppose him on the day. And for Nielsen, his appeal is as much about his character as his innate ability. 

“Everybody loves watching him walk around the paddock. He's got that great walk, like John Wayne, and they always tell me he screams and shouts down at the stables before he comes up to the parade ring. But when he gets up there, he just puts his head down. He's all business. He knows he can't be messing around now. It's time to concentrate.

“He goes down the start and he looks around him. He doesn't seem to be bothered at all that he's got a race coming up. He just stands there and looks across the Downs at Goodwood as if to say 'I've been here before, I remember'. He's got that air about him.”

Nielsen's Derby dream may remain unrealised but he knows that in Stradivarius he has been given the rarest of gifts. 

“Even if I managed to somehow get lucky enough to breed the Derby winner, which was the goal even with him really, it's impossible that I could have as much fun as he's given me, because it's just been so enduring,” he admits. “Normally, if you had a Derby winner, he might run twice as a 2-year-old and five times as a 3-year-old and then you'd be looking at retirement, unless you kept him in training at four. With him, it's 34 races already. He's just going to be impossible to match.”

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