Thoughts from Ocala Part 3: Finding Value in Freshman Sires

   Justify, City of Light, Mendelssohn, Good Magic and Bolt d'Oro all received glowing reviews by various consignors in parts one and two of our 'Thoughts from Ocala' series. Logically enough, this select group of freshman sires holds the top five stud fees amongst their stallion crop in the U.S., each standing for $20,000 or more in 2022.

While 'value' and 'freshman sires' are two terms rarely used in the same sentence in this industry, as buyers can surely attest, we asked consignors to point out a few first-crop sires who might be flying under the radar now, but could very well be making headlines when their 2-year-olds take to the sales ring and the racetrack. The responses we received were all across the board, but each of the freshman sires noted stand for under $15,000 this year and could eventually wind up creating valuable opportunities for breeders and buyers alike.

 

CIARAN DUNNE: Wavertree Stables

Our sleeper horse is probably Always Dreaming. We only have two, but if they're reflective of what the rest of them are, I would think that he's a horse with a big future.  They've got a beautiful way of going and they act like horses that will stay all day long. We have a colt out of Silent Candy (Candy Ride {Arg}) who goes to OBS March [Hip 121]. He's a half-brother to Epicenter (Not This Time), who wants to go long, so we have high hopes for him.

Mor Spirit is obviously a horse that we're a little bit biased on having had him as a yearling and selling him as a 2-year-old, but the colt out of Follow My Tail (Indian Charlie) was probably one of his more expensive yearlings [$160,000 at FTJuly] and he has trained accordingly. He's going to OBS March [Hip 437] and I think everybody will know who Mor Spirit is when he's done.

Another stallion who maybe is a little under the radar is Good Samaritan. Again, we have a very small sampling. We only have one, but she is just a wonderfully-athletic filly. She came to us late, but she's done everything right and she's going to the March Sale [Hip 404] because she pointed herself there rather than us deciding it for her. We're quite excited about her. I think she'll be a neat filly down the road.

JIMBO GLADWELL: Top Line Sales

We have a Tapwrit filly that has really shown a lot of speed early and should be a nice filly over at OBS March [Hip 309]. She has looked like she would go 10 flat from the day we bought her. All we've done is maintained that and kept her going in the right direction. She's good-minded and a really good-moving filly with a lot of balance and muscle. We're very happy with the way she's broken out. Tapwrit was a sire that kind of flew under the radar for us, but she's really gone the right way and is going to be really fast at the sale.

We also have a really nice U.S. Navy Flag filly that came over from Europe. She's doing really well and we're very happy with her. She handles the training and has had no issues with anything we've thrown at her. I think she's going to really throw a big work over at OBS March [Hip 368] and we're very happy with the way she's coming along.

NIALL BRENNAN:

Obviously there are a lot of nice freshman sires this year, but there are a few I don't have any by so it's hard to comment.

However a stallion that I feel like could be very much under the radar is Cloud Computing. I've got two lovely fillies by him that are big, strong, scope-y, classy fillies. They're beautiful movers on the racetrack. They're very light on their feet, very athletic and they act like they've got speed.

One is out of a Malibu Moon mare and the other one is out of a Rock Hard Ten mare. They're both bred to run all day, but they sure look like they'll get over the ground pretty quick to me. I'm impressed with them. Just because of those two fillies, I'm going to pick him as an under-the-radar stallion.

NICK DE MERIC:

Bucchero is as a local stallion in Florida. He's a son of Kantharos, who is a sire that we've had great luck with over the years and we are particularly fond of. We've sold some good Kantharos 2-year-olds over the years. Bucchero seems to be getting nice individuals. We've seen a lot of them at local yearling sales. They seem to be precocious, athletic and quick, and we have a Bucchero filly going to the OBS March Sale [Hip 473] who would fit that description on all accounts.

SUSAN MONTANYE: SBM Training and Sales

I have an Always Dreaming colt that actually is the half-brother to We the People (Constitution), who just broke his maiden for Rudolphe Brisset. This colt is potentially targeting the OBS April Sale. I might even wait until Maryland, depending on what the brother does. He's a big, two-turn, cool horse. I think Always Dreaming might be a little bit under the radar. I know there are other people who have some and they think that they're a little on the early side as well.

I have an Army Mule colt going to the OBS March Sale [Hip 3]. He's more of a two-turn horse. He's a big, pretty colt and has been straightforward. I have another Army Mule filly going to OBS March [Hip 298] as well, and she is going to be hopefully really fast. She's more of a sprinter type. Fingers crossed, she should work lights out and I think Army Mule should be well received. I don't know that the Army Mules are stamped as only sprinters or only two-turn horses. I think he could kind of get you both.

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Thoughts from Ocala Part 1: Freshman Sires

With the start of the 2-year-old in training sales just around the corner, a visit to Ocala proved to be informative as we checked in with consignors who are starting the fine-tuning process with their sales horses. In the weeks leading up to the OBS March Sale, which starts March 15, we will release a series of video features covering the topics everyone is talking about as the sales season approaches: Who might be this year's top freshman sire? Which freshman sires could be flying under the radar? What horses are these consignors most looking forward to presenting to the market? And speaking of the market, what are consignors' thoughts on the overall health of the 2-year-old market in 2022?

In this first episode, we spoke with Eddie Woods, Nick de Meric and Susan Montanye about the freshman sires whose 2-year-olds have impressed them most throughout the breaking and training process, and we asked them to show us a few of those sires' most promising progeny that we will see at the sales in the coming weeks.

EDDIE WOODS

This year's freshman sires are a good group overall, probably better than average.

The Justifys are way more precocious than I thought they would be. We have a Justify colt out of Runway Doll (Majestic Warrior) who is a lovely colt going to OBS March [Hip 89]. He's all quality and is built like a tank

The Good Magics are very nice horses. They're laid-back, kind of Curlin-y type horses. We have a Good Magic colt out of Jane Says (Tale of Ekati) going to OBS March [Hip 520]. He's a beautiful-looking horse and we're really happy with him. We have several other Good Magic 2-year-olds who are going to the races that are quite nice.

The City of Lights are beautiful, big, strong, strapping horses. We have a City of Light colt out of Forest Gamble (Forest Wildcat) that is going to OBS March [Hip 439] and is a magnificent-looking horse, so we are looking forward to offering him.

The Mendelssohns also have a lot of quality. They look like they might just take a little bit of time. The Accelerates are looking good as well.

NICK DE MERIC

   We have a reasonable cross-section of first-year sires this year. I'd say the ones that have impressed me at this point in the game would include Good Magic, for sure, Bolt d'Oro and West Coast. We have a couple of really nice West Coasts. Mendelssohn is another that has really got my attention. I only have one Justify, but she's a lovely filly and I'm hearing good things from other people about the Justifys, so he would definitely be on the list as well. Some of the horses we have by these first-year sires are going to sales and some of them are going straight to the races.

I have two Good Magic colts and they're kind of different types physically. One is a big, husky individual and the other is a little on the smaller, more nimble side, but they're both taking a little bit of added pressure really well. They're eating the bottom out of their feed tubs, they're light on their feet and everything that we've done with them they've done well within themselves with plenty in reserve. We haven't really squeezed on them yet, but we're just getting to a point where we're asking a little bit more from them and they seem to be handling everything so easily.

I've got a Bolt d'Oro filly out of Scorpio Queen (Aus) (Choisir {Aus}) who has been breezing really well. She's another one that is doing, if anything, a little more than she's being asked for. She's going to OBS April. She's a big, rugged filly. She seemed to be all head and no body when she first arrived here, but as she's grown and filled out and her musculature has improved, she's starting to look really balanced and I really like the way she's been breezing. She's looking like she could be a good one. We've had several others Bolt d'Oros as yearlings and we've been noting at the sales that he's consistently getting good individuals, so that's also a good indicator.

Susan Montanye and her OBS March-bound Bolt d'Oro colt out of Queen of May | Katie Petrunyak

SUSAN MONTANYE: SBM Training and Sales

   I've been really impressed so far with the Bolt d'Oros. I actually have several of them, one going to the OBS March Sale, one going to the Miami sale, one possibly going to the OBS April Sale and a couple that are going to the races. They've all been light on their feet, very precocious and they love to train. I think it's going to be a big year for Bolt.

My Bolt d'Oro colt going to the OBS March Sale is out of Queen of May (Bernardini) [Hip 51]. If I were rich, he wouldn't be for sale. I just absolutely love him. He is all business. He looks like he'll be fast and want to stretch. There really isn't anything to knock on him. I can't wait to see who ends up getting him and then root him on in his career because I think he's going to be special.

The other colt out of Platinum Song (My Golden Song) is actually a May foal, but he's a big boy. We are taking him down to the Miami sale [Hip 44]. He's a little bit different that the Queen of May colt. I think he's going to be maybe just a tad bit of a later bloomer than Queen of May, but he's going to be a phenomenal individual on the racetrack.

I also have a couple City of Lights. I have a filly out of Edith Court (Pomeroy) going to the OBS March Sale [Hip 405]. She's super fun and classy. I think she's going to be really fast early, more of a sprinter type.

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Thursday’s Insights: Pricey Classic Empire Colt Debuts at Big A

Sponsored by Alex Nichols

4th-AQU, $80k, Msw, 3yo, 6f, 2:18 p.m.

Trainer Jimmy Jerkens sends out firster CAPONE (Classic Empire) for the partnership of Gainesway, LNJ Foxwoods and NK Racing. The dark bay sold for $400,000 at last year's Fasig-Tipton Midlantic sale following an adventurous work in :10 2/5, accomplished despite the saddle slipping under rider Susan Montanye. TJCIS PPs

 

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Mendelssohn On Top In Competitive Midlantic Opener

TIMONIUM, MD – Buyers had every right to expect competitive bidding during Monday's first session of the Fasig-Tipton Midlantic Fall Yearlings Sale–with normal Maryland shoppers joined by bidders shut out at previous sales–and the arena did not disappoint.

By the close of business Monday, 149 yearlings grossed $4,577,300. The average was $30,720 and the median was $20,000.

During the sale's first session in 2020, 122 yearlings sold for a total of $2,983,600. The session average was $24,456, the median was $15,000, and the buy-back rate was 24.7%.

“It was a great opening session,” Fasig-Tipton president Boyd Browning said Monday evening. “The gross is up 53%, the average is up 26%, median is up 33%, and the RNA rate is a very low 16.2% today.”

While the 2020 auction was held during the uncertainty of the pre-vaccination pandemic, its figures remained fairly steady with the 2019 opening session when 102 yearlings sold for $2,680,000, an average of $26,275 and a median of $15,000.

“[Monday's results] are really more impressive when you consider this was one of the sales that, when you compare 2020 to 2019, it really didn't have a COVID drop,” Browning said. “So '20 and '19 were very similiar in terms of statistical results for this sale. Some other sales have had a little bit of an anti-COVID bump throughout the United States this year in 2021 compared to 2020. Well, this is a pretty genuine increase in terms of statistical performance. Results in '19 and '20 were basically flat, so this increase in 2021 is even more impressive than it has been for some of the other sales.”

Eight yearlings sold for six figures Monday, up from just two a year ago.

A colt by Mendelssohn (hip 189) brought the day's top price when selling for $230,000 to Oracle Bloodstock. Also topping the $200,000 mark was a colt by Union Rags (hip 113) who sold for $220,000 to trainer Mac Robertson. Both were consigned by locally based sellers, with Dreamtime Stables offering hip 189 and consignor/breeder Dark Hollow offering hip 113.

“One of the nice things we saw today was the support of the local breeders,” Browning said. “It was nice to see the sale topped by Dreamtime, which is Mike Palmer and his wife and their longtime association with Candyland Farm's Herb and Ellen Moelis, who have been long-time supporters of this sale and this region. And the second highest-priced horse was from David Hayden and his Dark Hollow Farm. They were both really legitimate pedigrees with Mendelssohn and Union Rags. It is really rewarding to see regional breeders who have quality product support this marketplace, which helps lure more buyers and more successful buyers to the sale this year and in future years as well.”

The day's top-priced filly was also a daughter of Mendelssohn with Donato Lanni bidding $160,000 to acquire hip 159.

Cary Frommer, traditionally an active buyer at the Midlantic Fall sale, signed for three yearlings Monday, including a Twirling Candy colt (hip 78) for $115,000. But Frommer agreed it was tough sledding.

“I feel like I am paying more than I thought I would have to,” she said. “For a nice horse, it's still very strong and I've been outbid on a bunch of very nice horses. I think the market is fair, but it's just that it's a trickle down effect from the other sale. People haven't been able to buy what they wanted. So it's strong here.”

Pinhookers, some of whom are not traditional bidders at the auction, were a dominant presence at the sale Monday.

“I knew they were coming,” Frommer said of the pinhooking buying bench. “I knew everybody was having trouble at the previous sale. So I knew they would be here and I was not happy about it.”

One of those pinhookers making an unusual appearance in Timonium was Susan Montayne, who purchased a filly by Tiznow (hip 76) for $150,000.

“We've never actually done this sale before,” Montayne, who is a regular presence as a consignor at the Midlantic May 2-Year-Olds in Training Sale, said. “I have never come up here to buy horses. We usually focus on the Kentucky sales and sales at home in Ocala, but here we are. It was very hard to buy at Keeneland. Luckily, we have clients that send us horses to go to the races, but with the pinhook side, it was a little tough.”

The Midlantic sale continues Tuesday with bidding at the Maryland State Fairgrounds beginning at 10 a.m.

Mendelssohn Colt to Handal

Conor Foley of Oracle Bloodstock struck late in Monday's first day of the Midlantic Fall Yearling Sale to secure a colt by Mendelssohn (hip 189) for a session-topping $230,000 on behalf of a partnership.

“He's going to go to [trainer] Ray Handal,” Foley said. “I bought him for a group of people.”

Of the yearling, Foley said, “He just looks a lot like Mendelssohn. He just looked like an athlete that should run next year; what surface he can run on, I don't know. I think horses like him were few and far between here and he really stood out.”

The colt was bred by Classic Thoroughbred XXIX and was consigned by Dreamtime Stables. He is out of Tasha's Moon (Malibu Moon) and is a half-brother to stakes-placed Juror Number Four (Into Mischief) and from the family of multiple graded winner Tasha's Miracle.

Hip 189 was one of two yearlings from the first crop of Grade I winner Mendelssohn to bring six figures Monday in Timonium. Earlier in the session, bloodstock agent Donato Lanni, bidding on behalf of Caroline and Greg Bentley, acquired the day's top-priced filly when going to $160,000 for a daughter of the Coolmore stallion (hip 159).

Union Rags Colt to Novogratz

Trainer Mac Robertson, bidding on behalf of owner Joe Novogratz, purchased a colt by Union Rags for $220,000 Monday in Timonium. The bay colt was bred and consigned by Dark Hollow Farm and is out of Safe Journey (Flatter), who is also the dam of multiple stakes winners O Dionysus (Bodemeister) and Joy (Pure Prize). The yearling's second dam is Safe at the Plate (Double Zeus), a half-sister to champion sprinter Safely Kept.

“Safe Journey is an awful good mare for this sale,” Robertson said after signing the ticket on hip 113. “She has four or five really good horses that can win where we want to go. And I thought, for a Union Rags, he has enough length to be a really good horse.”

Several times a leading owner at Canterbury Park, Novogratz was a linebacker for the Pitt Panthers and was drafted by the Pittsburgh Steelers before being traded to the Minnesota Vikings. He is the founder of IDI Distributors Inc., an insulation distribution company.

Robertson trained the multiple stakes winner Amy's Challenge (Artie Schiller) for Novogratz. The mare, second in the GI Madison S. and third in the GI Humana Distaff S. in 2019, was purchased for $20,000 at the Fasig Midlantic Yearling sale in 2016.

“I thought he'd bring between $200,000 and $250,000 when he vetted well and scoped well,” Robertson said of the yearling's final price. “Until you get your guy to vet him, you don't really know.”

Also on behalf of Novogratz Monday, Robertson purchased a filly by Malibu Moon (hip 158) for $95,000.

The competitive market was no surprise to Robertson.

“It's really strong,” he said with a rueful smile. “But I'm not surprised. I was at Keeneland–I've never seen an 80% clearance rate in my life. There are people who didn't get what they wanted at Keeneland, so of course they came here.

Tiznow Filly Likely for 2-Year-Old Sales

A filly by Tiznow (hip 76) is likely destined for a return to the sales ring next spring after selling for $150,000 to the bid of Ocala horsewoman Susan Montanye.

“She looks like a classy, two-turn filly,” Montanye, who signed for the pinhooking partnership in the name of her SBM Training and Sales, said of the yearling's appeal. “She is a little bit of a later foal, but she had all the right angles and parts. She vetted great for me. I watched her and I loved her walk, big overreach on her. What's not to like about her?”

Of the filly's final price, Montanye said, “Listen, if you want them right now, it looks like you're going to have to pay for them. She's a Tiznow filly and she's got some pedigree, so $150,000, I feel comfortable with that.”

The yearling was consigned by Sabrina Moore's GreenMount Farm and was bred by Moore in partnership with Tiznow Syndicate. She is out of Pinkprint (Not For Love), a half-sister to GI Breeders' Cup Dirt Mile winner and likely GI Breeders' Cup Classic favorite Knicks Go (Paynter).

Filly Adds Up for Newtownanner

Ron Blake liked a filly by Cloud Computing when he purchased her as a short yearling for $40,000 at the Keeneland January sale earlier this year and he still liked the bay yearling (hip 11) when he sent her through the sales ring in Timonium Monday. He  advised his clients, Samantha and Maurice Regan's Newtown Anner Stud, to purchase the bay for $145,000.

“We always loved her,” Blake said. “We bought her as a weanling and from the day we bought her I thought she was gorgeous. She's grown into a very pretty filly. She is a late foal and I think when you take that into account, you can see what she could become. She's by a first-year stallion and she was a late foal so she looked maybe a little small to some people. But because she is a May 20 foal, we thought she'd be a real beautiful filly. We advised our client to buy her.”

The yearling is out of Martini and is a three-quarter sister to stakes winner Dirty (Maclean's Music).

“I just think she has so much quality,” Blake said. “We think she'll be a good racehorse. She'll go back to the farm and be able to grow up a little bit. We will give her some time off before we break her and then go forward with her and see what she can do.”

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