Value Sires Part IV: It’s All Relative

We're at the top end now when it comes to stallion fees, but there is quite a range to those prices, which for this feature is anything above £/€20,000. There is of course a massive difference, certainly when it comes to value, in a stallion standing at £35,000 and one at £350,000. In fact, we have two at that latter fee, which makes Frankel (GB) and Dubawi (Ire), the champion sires of the last two years in Britain and Ireland, the most expensive stallions in the world.

Those two representatives of Juddmonte and Darley respectively live within a mile of each other as the crow flies over the stud farms encircling Newmarket. Add to that mighty pair the names of Kingman (GB) at £125,000 and Baaeed (GB) at £80,000, and you have four of the top ten European stallions by price all within that square mile of excellence. 

It's not all about Newmarket, of course, with the Aga Khan Studs standing the most expensive stallion in France, Siyouni (Fr), at €200,000, the same fee commanded by their Sea The Stars (Ire) in Ireland, where he matches Wootton Bassett (GB), who heads the Coolmore roster. The lucky ones among us were those who jumped aboard the Siyouni and Wootton Bassett supporters' buses when those two stallions started out at €7,000 and €6,000 respectively. In bloodstock, as in life, there's a lot to be said for those who have carved out their own lofty niches from humble origins. 

Of course, with this level of sire power, one needs a mare of equally high standing, whether on the racecourse or as a producer or both. Many of the resulting offspring are retained to race by major owner-breeders, and those that do make it to the sales ring can be expected to fetch the level of return that could make even these high fees look good value. It's all relative. 

Dependable

At a more reachable level for many breeders comes this dependable trio – two we can most certainly call stalwarts and one who stamped his presence on the business with his first few crops. 

We discussed Yeomanstown Stud's Dark Angel (Ire) in greater depth in TDN last August. For 2024, he remains at €60,000, which was his fee for the preceding three seasons and down from three years at €85,000 between 2018 and 2020. Admittedly, his yearling sales average, which was in six figures for seven straight seasons, has dipped a little in the last few years and to a certain degree he is perhaps a victim of his own success, with various sons and other younger stallions of a similar profile encroaching on this popular sprinter/miler territory. But he had 77 yearlings sold at an average of £88,637 in 2023 which isn't bad going and, now 19, he was also third in the general sires' table behind Frankel and Dubawi.

From one O'Callaghan family farm to another, we switch to Tally-Ho Stud. At 23, Kodiac (GB) is into veteran territory but he is also at his lowest fee for nine years at €35,000. You pretty much know what you're going to get with him because he's been there, done that, siring plenty of fast colts and fillies and regularly providing the highest number of winners in a season. He hasn't lost his touch, as demonstrated last year by his Group 1-winning son and now stable-mate Good Guess (GB) and the G2 Lowther S. winner Relief Rally (Ire).

Before Good Guess gets a shot at the title, the most credible threat to Kodiac's crown within the Tally-Ho empire comes from Mehmas (Ire), who tore up the first-season sire record books in 2020 and has continued to build on that great start. His European results are backed up by some notable success in America, which should put his sales stock, whether as yearlings or horses in training, on the radar of a wider range of buyers, and at €50,000 in 2024, his fee has come down from last year's high of €60,000. 

His two-year-olds of this year were conceived in his first book after that break-out season of 2020, so we can expect the level of of his mates that year to have risen in line with his fee. That is not always a guarantee of increased success but I wouldn't want to bet against Mehmas continuing to be one of the most exciting younger sires in the European ranks. His equable temperament, and that of many of his offspring, appears to be what sets him apart.

Versatile

If you're looking for a stallion with the potential to get you a Classic winner at a mid-level price then the names of Teofilo (Ire) at €30,000, Sea The Moon (Ger) at £32,500, and Galiway (GB) at €30,000 should all be considered.

It would be wrong to compartmentalise Teofilo as a staying stallion, though he is very good at that, as his Melbourne Cup-winning sons Without A Fight (Ire), Twilight Payment (Ire) and Cross Counter (GB) show, not to mention the Ascot Gold Cup winner Subjectivist (GB). But there is much more in Teofilo's playbook than that, and he remains a hugely dependable sire across the distances, and of fillies too, from the Irish 1,000 Guineas winner Pleascach (Ire) to Irish St Leger winner Voleuse De Coeurs (Ire). If you also factor in some of his achievements as a broodmare sire – Coroebus (Ire), Mac Swiney (Ire), Cachet (Ire) and Dreamloper (Ire) are among the Group 1 winners in that category – and a case can be made for Teofilo being an elite sire at a much more affordable fee than some in that category. 

Sea The Moon has defied the level of commercial acceptability usually granted to winners of the Deutsches Derby and throughout his career to date has posted very consistent sales returns via his yearlings. His fee has remained sensible – starting at £15,000 for the first six seasons, and then rising steadily to £22,500, then £25,000 and to his current high of £32,500. No doubt helped by the fact that he tends to get very good-looking stock, Sea The Moon has a following in both hemispheres despite never having left Lanwades since retiring to stud, and he coasts into 2024 having sired the winners of the equivalents of the Derby and the Oaks in his native Germany, where he is the champion sire.

Climbing up the ranks in France is Galiway, whose two Group 1 winners are the full-brothers Sealiway (Fr), who was also busy last year at Haras de Beaumont, and Classic prospect Sunway (Fr). We can perhaps expect Galiway to make as much of an impact at the Cheltenham Festival as he may do at Chantilly or Epsom, and that has increased his appeal to the National Hunt crowd, with another of his sons, Kenway (Fr), having recently joined Coolagown Stud in Ireland. 

But it is the Flat with which we are chiefly concerned here, and Galiway's French yearling results last year – six sold at Arqana in August for an average of €131,667 and 23 in October for a €44,761 average, all from his 2021 fee of €12,000 fee – make him a stallion worthy of closer attention. Since 2021, his price has increased to €30,000.

The Next Step

This year is a critical one for the two young stallions who made the biggest impression with their first-crop runners in 2023. Understandably, both Blue Point (Ire) and Too Darn Hot (GB) have been given fee increases, the former from €35,000 to €60,000 and the latter from £40,000 to £65,000. Getting a mare in to either of these Darley stallions might have been the toughest first challenge for the many breeders who wanted to use them at their higher fees. There is plenty of sales-ring and some racecourse evidence to back up those decisions, and a Group 1-winning three-year-old, preferably a Classic winner, will be required to keep these reputations soaring.

A year ahead of them is Coolmore's Sioux Nation, whose juveniles of this year were conceived at his lowest fee of €10,000. He is now at €27,500 thanks to the exploits of the hugely likeable Brave Emperor (Ire) and Matilda Picotte (Ire) among his 10 Group winners from his two crops of runners to race. Sioux Nation was third in the second-season sires' table last year behind Ace Impact's sire Cracksman (GB) and Havana Grey (GB), and while the latter had the highest number of black-type winners (11), Sioux Nation was represented by the most Group winners of this intake (7). He is definitely a horse to watch, even though his fee has increased by €10,000 in the last year.

Everything to Prove

I'm going to pitch in two names here who are teetering on the brink of triumph or disaster. That's not actually true, of course, but such is the knee-jerk reaction to the early results of stallions by industry people who really should know better, that some horses can be commercially 'dead' before we have even had a proper chance to see what they can do. If mass desertion by breeders follows then it becomes a self-fulfilling prophecy that the stallion will fail, sometimes through no actual fault of his own, other than the fact that he is unlikely to get you a Brocklesby winner. 

Anyway, as I climb down off my soapbox for the umpteenth time with the fading hope that folks will just wait'n'see awhile, I will put forward Ghaiyyath (Ire) at €25,000 and Hello Youmzain (Fr) at €22,500 as two of the more interesting names among those with first runners in 2024. 

A dual Group 1-winning son of Kodiac, Hello Youmzain's yearlings were in demand in Deauville last year and he must be odds-on to be France's leading first-season sire this year. He covered 140 mares in his first season at Haras d'Etreham at his opening fee of €25,000.

Ghaiyyath's fee has also been trimmed slightly from his starting point of €30,000. Not all sons of Dubawi are created equal, of course, and there is now no shortage of them at stud, but Night Of Thunder (Ire), bred on the same cross as the 130-rated Ghaiyyath, and Too Darn Hot, bred on a similar cross, have set the bar high. 

Both Hello Youmzain and Ghaiyyath became Group winners themselves for the first time in the second half of their juvenile seasons. If their offspring can follow suit, it is easy to imagine that both stallions could be more expensive by this time next year.

TDN Value Podium

Bronze: Acclamation (GB), Rathbarry Stud, €25,000

If we are spruiking Dark Angel and Mehmas in this piece, then we must have their sire on the podium. At 25, Acclamation is still going strong and is an increasingly significant influence. As last year's G1 Hong Kong Cup and G1 Cox Plate winner Romantic Warrior (Ire) showed, he is far from just a one-trick pony, though he is obviously best known as a sire of sprinters, with the brilliant Marsha (Ire) among them. Al Shaqab's Orne (Ire), who was bred at home by Rathbarry, has Classic claims ahead of this season, and with Acclamation's fee sliding down from his career-high of €40,000 in 2018 and 2019, he's very much still one to keep on your side. 

Silver: Pinatubo (Ire), Dalham Hall Stud, £35,000

Perhaps boosted by the success of his fellow son of Shamardal, Blue Point, last year, Pinatubo seems to be many people's idea of this season's leading freshman in waiting. If you had the chance to see him last week during Darley's open days, then it would be hard to disagree, as he has swagger and substance in spades. 

His yearling average of almost £154,000 for 41 sold tells of his commercial popularity to date. It's up to him now, and up his sleeve he has the fact that he is from the same family as Invincible Spirit and Kodiac. 

Pinatubo has remained at £35,000 throughout his stud career and that could look very reasonable if his stock live up to expectations this year. 

Gold: Sottsass (Fr), Coolmore, €25,000

We hear a lot about 'stallion-making races' and I'm not sure I believe in the concept, but all we need to know about Sottsass is that he won the G1 Prix du Jockey Club and the G1 Prix de l'Arc de Triomphe – two races that most owners would give their eyeteeth to win – not to mention the G1 Prix Ganay and G2 Prix Niel. He was also third in the Arc as a three-year-old behind the older horses Waldgeist (GB) and Enable (GB).

Sottsass is from one of the current 'it' families, with his half-siblings including the stellar Sistercharlie (Ire) and My Sister Nat (Fr), while full-brother Shin Emperor (Fr) looks a Grade 1, or even Classic, winner in the making in Japan this year.

He is the first cab off the rank when it comes to Coolmore's sons of Siyouni (Fr). In general, his first yearlings looked athletic and together, and they may raise a few eyebrows by coming to hand sooner than expected. More importantly, however, they should go on, and as we know, it's best to rely on a Classic winner to get you a Classic winner.

 

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‘He Has Pride of Place Here’: All Hail Teofilo, the Cups King

Seventeen years have passed since Teofilo (Ire), a member of the second crop of Galileo (Ire), blazed a trail through his unbeaten juvenile season, ending the year as champion two-year-old after beating Holy Roman Emperor (Ire) in the G1 National and G1 Dewhurst S.

Jim Bolger's homebred raced solely at seven furlongs that year, and his subsequent injury in the spring of 2007 meant that we could only guess at what he might have achieved at three and beyond. By that August he had been retired without ever returning to the track. His racing career may have been cut short, but his stud career has dropped plenty of hints as to what his profile may have been had he raced on.

Teofilo has been far from a one-dimensional stallion in his 16 years spent continuously at Kidangan Stud. This week, he has been back in the news courtesy of his third Melbourne Cup winner in the last six years, Without A Fight (Ire) having followed Cross Counter (Ire) and Twilight Payment (Ire) onto that particular roll of honour. While there are a good number of stayers among Teofilo's top runners – the Gold Cup winner Subjectivist (GB) and Prix du Cadran winner Quest For More (Ire) included – this is by no means his hallmark. If anything is, it's his versatility.

In his first crop Teofilo sired the Dewhurst winner Parish Hall (Ire), and if he looked like the second coming it was perhaps no surprise, as the colt, inbred 3×3 to Sadler's Wells, raced in the same familiar colours of Jackie Bolger, having been bred by her husband Jim, the man born on Christmas Day who masterminded Teofilo's own racing career and has bred a number of his best offspring.

The Irish St Leger winner Voleuse De Coeurs (Ire) was another member of that first crop, and since then Teofilo has been represented by a Group 1 winner from every year of production through to his current crop of four-year-olds, including Irish Derby winner Trading Leather (Ire), Irish 1,000 Guineas and Yorkshire Oaks winner Pleascach (Ire) and the Prix Jean Prat winner Havana Gold (Ire). The latter is of course the sire of the G1 Flying Five winner and rising young sire Havana Grey (GB), giving the line an extra speedy dimension. Among this season's three-year-olds has been the GII Sands Point S. winner Eternal Point (Ire), who has won two graded stakes races this autumn.

About to turn 20, Teofilo is at that stage where, if his influence is strong enough, he should be appearing as the broodmare sire of top winners, and this he has started to do with regularity. Last season's 2,000 and 1,000 Guineas winner Cachet (Ire) and Coroebus (Ire) were both out of Teofilo mares, giving him a notable Classic double. A son of Dubawi (Ire), the ill-fated Coroebus was bred on the reserve cross to that which produced Without A Fight.

Teofilo's run in this sphere is extended by last season's G1 Preis der Diana winner Toskana Belle (Fr) (Shamalgan  {Fr}) and by the previous year's Irish 2,000 Guineas winner Mac Swiney (Ire) (New Approach {Ire}), while the dual Group 1 winner Dreamloper (Ire) (Lope De Vega {Ire}) is also out of one of his daughters.

Given his location, it is no surprise that Teofilo has ended up covering a number of Dubawi mares, and there are now seven stakes winners bred on this cross from 49 named foals. His 24th Group 1 winner, Without A Fight, who started his career with Simon and Ed Crisford before staying permanently in Australia with Anthony and Sam Freedman, was bred by Dubawi's owner Sheikh Mohammed Obaid Al Maktoum. His dam Khor Sheed was bought for the sheikh as a yearling for 42,000gns by Luca Cumani. The half-sister to the Group 1 winner Prince Kirk (Fr) (Selkirk) had already passed through the Tattersalls sale ring as a foal, where she was signed for by Joe Foley at 22,000gns.

Khor Sheed, later trained by Cumani, won the Listed Empress S. at Newmarket on only her second start at two, and the following year claimed another Listed win as well as the G3 Premio Sergio Cumani, named in honour of the trainer's father. She has produced four winners to date, Without A Fight being way out in front on the list with an impressive 11 wins from his 23 starts. He became only the twelfth horse to win both the Caulfield and Melbourne Cups, and he has won a further two group races in Australia this year, as well as the G3 John Smith's Silver Cup and two Listed contests in England.

The December before Without A Fight made his debut, Khor Sheed returned to Tattersalls and was bought from Godolphin by Harry Dutfield for 26,000gns.  The Havana Gold foal she was carrying was born dead and she produced two subsequent fillies for Dutfield before being returned barren to the Tattersalls February Sale this year. By this stage, Without A Fight was a Group 3 winner and the mare's first foal, the unraced Sharja Spirit (Ire) (Invincible Spirit {Ire}), had produced the Grade II winner Avenue De France (GB) (Cityscape {GB}).

Mick Donohoe signed for Khor Sheed on her fourth visit to the sale ring, buying the 15-year-old on behalf of Yulong for 28,000gns.

“She is in foal to Lucky Vega so that was a nice little update,” Donohoe confirmed. “She's a stakes-winning Dubawi mare and she had bred a stakes winner, and one of her daughters had bred a stakes winner, too.”

He added, “Harry Dutfield was very forthcoming with a genuine reason why she was barren, so she just made sense, and obviously the Teofilo horse was a good horse anyway, so it all worked out.”

On Wednesday, it was announced that Subjectivist, the aforementioned Royal Ascot winner, who also won the G1 Prix Royal Oak and G2 Dubai Gold Cup along with the most coveted staying prize of them all, would be standing at Alne Park Stud next year.  Havana Gold sadly died earlier this year, leaving only Massaat (Ire) and Parish Hall (Ire) of Teofilo's sons at stud, through it is easy to imagine the line continuing, at least in the immediate future, through his grandson Havana Grey.

As for Teofilo himself, he is reported to be in rude health ahead of his 17th covering season at Darley's Kildangan Stud, where his fee remains at €30,000. Unlike some, it hasn't fluctuated that much over the years. He started out at €40,000 and dipped to €15,000 in 'that difficult fourth season' that so frustrates stallion owners, and reached a high point of €50,000 in 2014.

Understandably, Kildangan's nominations manager Eamon Moloney is a big fan of Teofilo, having worked with him for years. He told TDN, “He's the most extraordinary horse and I just wish he got the credit he deserves.

“We make no secret of the fact that his fertility has slipped slightly through the years as he's got older, so he's been covering 80 mares per year and at that we can keep his fertility to a very high level.

“He's a very important member of Kildangan. Once Teo has started then the lads can start up the rest of the day. He's a big, substantial horse and he charges out to his paddock. He's a tough sort of a horse, but there's a gentle giant behind it.”

Moloney added, “He's in great health at 19, rising 20, and he very much has pride of place here.”

 

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Tylicki Dreaming Of Classic Glory For Fleetfoot Alongside Mentor Bolger

Freddy Tylicki, part-owner of the Jim Bolger-trained Fleetfoot (Ire), who advertised his Classic credentials with a gritty success at Leopardstown on Wednesday, has spoken glowingly about the Teofilo (Ire) colt's claims of major honours this season. 

Fleetfoot was placed on all three of his starts at two, bumping into some smart colts each time, including subsequent G1 National S. hero Al Riffa (Fr) (Wootton Bassett {GB}). 

But the Shadwell-bred colt made no mistake on his seasonal return, battling best to land the 1m maiden as a 7-4 favourite despite racing on unsuitable ground. 

That performance marked Fleetfoot down as a bright prospect, according to his part-owner Tylicki, who recalled how he has seen the potential in the horse ever since he was catalogued as part of the Shadwell dispersal at Goffs last year. 

Tylicki said, “I took notice of this horse once the catalogue was published for the Goffs February Sale last year. Two weeks beforehand, we had the February Sale at Tattersalls, where I saw two of his siblings. One of those was Mashaaer (Ire) (Muhaarar {GB}), who placed in the G1 Pretty Polly S. for Henry Spiller, and the other was a weanling by Blue Point (Ire).

“When I saw this fella in the flesh I was very impressed by him and, to cut a long story short, went off to Goffs to try and buy him. Unfortunately, I was completely blown out of the water but was ever so delighted to see that Mr Bolger bought him because the rest is history.” 

Fleetfoot was knocked down to Boherguy Stud, which is managed by Bolger's granddaughter Clare Manning, for €135,000. Having started his career at Bolger's Coolcullen Stables, Tylicki had forged a long and fruitful relationship with the legendary trainer, something the former jockey turned bloodstock agent says is enhancing his experience with Fleetfoot. 

He explained, “Life can be so good at times and so bad as well, but I obviously started with Mr Bolger and spent over three-and-a-half years there. It was a very tough school but it made a man out of me and got me on the right road in life. I knew exactly what I wanted in racing and in life when I left Mr Bolger's. We all know what happened to me in my career but I am now very focussed on the bloodstock side of things and, when I saw this horse, I absolutely fell in love with him, and so did Mr Bolger. It's such a pleasure to be a small part of the team that looked after me so well once upon a time and got me on the right road in life. I don't know how to describe my feelings, I am just overwhelmed with emotions and it's a great feeling. I won't forget this day in a hurry, that's for sure.”

Tylicki added, “Fleetfoot probably wasn't in love with the ground but he went on it and that is the main thing because he showed his versatility on the ground as well as the trip because there is no doubt that he will stay further in time. He just has that willing attitude that most of those good Teofilos have. Look, if there's one man to train a Teofilo, Mr Bolger is the man.”

Fleetfoot will now be aimed towards the Classics but just where the strapping colt lines out next is a different conversation for a different day according to Tylicki.

“He is entered in the Irish Guineas and Irish Derby and I think he is in the French 2,000 Guineas as well but, at this moment in time, all I am going to do is enjoy this evening! I am not sure where we will go but I am looking forward to the discussions once we know he came out of the race okay. The world is his oyster.”

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12 Questions: Jason Singh

TDN: First job in the Thoroughbred industry?
Believe it or not, the one I'm in! I have worked for Tattersalls now for 22 years, having answered an advert for a marketing executive in the Racing Post back in 2000. I had previously run a very amateur racing website called Ausracing, but since it brought me no income, it could hardly be called a job.

TDN: Biggest influence on your career?
Always a hard one, but perhaps it was the friend who took me to Sandown racecourse in Melbourne's Eastern suburbs back in 1987 despite being only 15 years old. I had 50 cents each way on a horse called Boley's Girl who won at 33/1. I think I was hooked from that moment on.

TDN: Favourite racehorse of all time, and why?
I want to take the liberty of splitting this into two, one being when I lived in Australia and one being since I moved to England. In Australia it was a horse called Vo Rogue, trained by a battler called Vic Rail who was virtually impassable and ran races from the front at a fast pace, although horses such as Better Loosen Up, Beau Zam, Bonecrusher and Myocard all played significant roles in the life of a giddy teenager. In the UK it is undoubtedly Frankel who was quite simply like no horse I have ever seen before. Add in the Henry Cecil and Khaild Abdullah storylines and you had a horse who evoked excitement and emotion at the same time as well as astonishment. That he's proving such a remarkable stallion now only adds to the story.

TDN: Who will be champion first-season sire in 2023?
I guess it's stating the obvious that a large crop of foals and precocity are the key elements here and stallions who fit the bill next season include Advertise, Blue Point, Calyx, Inns of Court, Soldier's Call, Ten Sovereigns and of course Too Darn Hot. One of them I reckon!

TDN: Greatest race in the world?
Whilst the Derby, Arc, Melbourne Cup and Grand National all have claims to that crown, I always thought the 2,000 Guineas at Newmarket was the race that the world was most interested in, especially form a breeding/stallion point of view.

TDN: If you could be someone else in the industry for a day who would it be, and why?
Ryan Moore. I've never ridden, so being on board a top-class racehorse in a race would be a great thrill I'd imagine.

TDN: Emerging talent in the industry (human)?
Patrick Owens has done a remarkably good job with very few horses in the short time he has been training.

TDN: Horse TDN should have made a Rising Star, and didn't?
Karl Burke's Liberty Lane who won very easily on debut at Nottingham and who has some attractive entries next year.

TDN: Under-the-radar stallion?
Not sure if he is under the radar but I think there are any number of stallions who don't get the acclaim they deserve given the complexities of fashion and the sale ring, but if I was breeding for myself I think Teofilo is value at €30,000 given he has had 98 stakes winners from 12 crops of racing age, including 18 Group 1 winners.

TDN: Friday night treat?
Thai Street Cafe in Newmarket.

TDN: Guilty pleasure outside racing?
I enjoy getting to a festival or two or two during the British summer and the odd gig here and there.

TDN: Race I wish I had been there for…
Better Loosen Up, 1990 Japan Cup.

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