Havana Grey Tops Profitability Index Calculated By Weatherbys

Havana Grey (GB) was the most profitable British- and Irish-based yearling sire of 2023 according to the newly-published Weatherbys Bloodstock Sales Review.

Havana Grey topped the standings with a profitability index of 10.75, comfortably ahead of the next best stallion, Sioux Nation, on 6.61. Those figures were calculated by dividing each sire's 2023 yearling average by their covering fee of 2021, when the offspring in question were conceived.

It was another hugely successful year on the racecourse for the progeny of Havana Grey, with the G1 Prix Morny and G1 Middle Park S. winner Vandeek (GB) emerging as the star of his second crop of two-year-olds. The sire's burgeoning reputation was later reflected at the sales where his 65 yearlings sold for an average of 90,951gns/€107,914, a significant return on their investment for any breeders who sent mares to him in 2021 when his fee was just £6,000. His fee has been increased to £55,000 (from £18,500 in 2023) for his sixth season at Whitsbury Manor Stud in 2024.

Sioux Nation has also been given a fee increase by Coolmore (from €17,500 to €27,500) having built on the success of his juveniles in 2022 when he was second only to Havana Grey among that year's first-season sires. Several members of that crop became Group winners in 2023, headed by G2 Challenge S. heroine Matilda Picotte (Ire), and those who invested in one of his 30 yearlings to sell last year will be hoping for more of the same. They made an average of 55,676gns/€66,060 having been conceived at a fee of just €10,000.

Cotai Glory (GB) and Twilight Son (GB) both operated at basement fees in 2021–€5,000 and £5,000 respectively–and there was certainly value to be had for those breeders who took advantage. Tally Ho Stud resident Cotai Glory had a 2023 yearling average of 25,914gns/€30,747 from 54 lots, giving him a profitability index of 6.15, while Cheveley Park Stud's Twilight Son wasn't far behind on 6.00 having seen his 25 yearlings make an average of 28,595gns/€33,928.

The top five was completed by Sergei Prokofiev (Can), who joined Havana Grey at Whitsbury Manor at a fee of £6,500 in 2021 and will be represented by his first runners in 2024. Those two-year-olds shouldn't be underestimated if the way they performed at the sales last year is anything to go by, making an average of 34,624gns/€41,081 from 84 lots sold.

With a profitability index of 5.59, Sergei Prokofiev was one of only two first-season sires to make the top ten along with Ghaiyyath (Ire) on 4.68, the multiple Group 1 winner who stood at the much higher fee of €30,000 when covering his first mares at Kildangan Stud in 2021. Big things are expected from his first runners in 2024 after his 65 lots caught the eye in a big way at the yearling sales, fetching an average of 118,457gns/€140,549.

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Ed Harper Q&A: “What Excites Me Most Is Our Horses Winning On The Track”

It has been a big year for Whitsbury Manor Stud. From a landmark result with homebred Chaldean going on to win the 2,000 Guineas for Juddmonte, his half-sister Get Ahead selling for 2.5m gns at public auction and the continued rise of superstar stallion Havana Grey, 2023 has been the gift that keeps on giving for Ed Harper and his team.

There is plenty, still, to look forward to next year, with fellow Whitsbury-based stallion Sergei Prokofiev set to be represented by his first crop of runners and Dragon Symbol taking up his position on the roster. 

From all things Whitsbury to reflecting on the breeding stock sales, the ever-engaging Harper makes for required reading in this week's Q&A.

You must look back on 2023 pretty fondly with Whitsbury Manor Stud homebred Chaldean winning the 2,000 Guineas for Juddmonte?

We wouldn't have a lot of runners in Classic races because of the types of stallions we stand but, obviously, we use a few outside stallions every year. When you use the best stallion around [Frankel], you hope to provide yourself with a chance to step up on quality. It couldn't have worked out any better with Chaldean winning the 2,000 Guineas. 

Where would that rank?

A great milestone. It ranked very highly but I don't feel as though it was a whole heap of hard work that produced the result. For example, producing a stallion like Showcasing or Havana Grey, that takes five or six years of hard work from every team member pulling in the same direction. A result like Chaldean is a piece of good judgement in the sales ring to buy the mare by Dad, which isn't to be underestimated, but even he would admit that there is a lot of luck involved. So, you get yourself a diamond mare in Suelita, what are you going to do with her? You're going to send her to a diamond stallion. It's brilliant, and it's fantastic, but it's not comparable to the whole Whitsbury machine working together for years to make a stallion. I see the two things very differently. 

You must have got a lot of pleasure at seeing Chaldean's half-sister Get Ahead, a talented mare in her own right, selling for 2.5m gns to Ian MacAleavy's First Bloodstock? 

I'd have rathered if we didn't have to sell her! We have to remind ourselves that the function of Whitsbury is not to have a small, uber broodmare band sending mares to the best stallions on the planet. Our job is to keep small breeders alive in England because, without them, there is no breeding industry in this country. If we can sell Get Ahead and support the business in areas that help, such as the grassroots by making stallions, then that's our job. Effectively, weighing up the sale of Get Ahead, we can't be everything to everyone. You can't be brilliant at everything. It doesn't work like that for anybody. So weighing it up, we ask ourselves what our priority is. Is it looking out into the paddock and seeing the occasional super mare going to the super stallion or is it making the next stallion? We effectively prioritised the buying of Dragon Symbol over keeping Get Ahead. That's the choice we made. 

I'll go on to Dragon Symbol in a second but, when you mentioned Whitsbury supporting the grassroots players in England, I just wonder how you would look back on the breeding stock sales on a personal level taking into consideration how many smaller breeders took a kicking?

The most satisfying thing for us this year was the 20 to 30 smaller breeders who really benefited from Havana Grey. That means that some of those breeders can reinvest and possibly step up the next rung up the ladder, which is great, or, on a slightly scarier level, it means some will survive another two or three years. Without stallions like Havana Grey, that doesn't happen. I'm not pretending to have the answers as to why this is but, culturally, when smaller breeders in England stop, they stop for good. They don't come back. When small breeders in Ireland stop because, say there's a dip in the market or maybe there's overproduction, for whatever reason, they seem to have the ability to come back when times get better. I feel like we have to be the lifeboat throwing the vests out to keep some of the smaller breeders alive and, when you get it right and you help a load of people, it's very satisfying. Obviously, we're trying to run a profitable business as well, we're not a charity, but we need a thriving industry and we have to provide our clients with a chance to make money. It's very satisfying when it happens. 

Did you listen to this month's Jamie Railton podcast where Roger O'Callaghan was the guest? Roger singled out Whistbury for high praise. A lot of people would say there are similarities between how Whitsbury and Tally-Ho Stud is run. What would those similarities be?

I listened to it, yes. There's lots of other places in England who had good years, so we don't have a monopoly on that. But what do we do similar? For starters, we don't really worry what other people are doing and Tally-Ho certainly don't worry either. The one thing that we would agree on is that we need to see success scattered around the business from time to time. It can't be for one outfit all the time because that's not how a sport works. I've a few friends and connections who have never been involved in the breeding industry who have started to ask me questions about getting involved for the first time. I've known some of these people for 20 years and they've never asked me that so it's nice to think we have just pricked the interests of a few new players because we can't just have people going out of the market. We need new people as well. 

For me, one of the stories from the mares sale was your neighbour Katrina Yarrow getting 52,000gns for Havana Grey foal with the first mare she ever bought.

Exactly. And that was someone who was brave enough to listen to us when we recommended the mare. Fair play to Katrina for giving it a go. You're only ever going to find out by giving it ago and, if you don't risk too much and keep top of what you are prepared to invest, it can be a lot of fun.

Getting back to the Railton podcast, when Roger said that some breeders need to look themselves in the mirror over some of the poor results in the ring, rather than blaming the game, did you think that was fair comment?

Yea, I would agree with Roger completely. We're all good at seeing the difficulties in our game but the skill is figuring out how to combat it. Sending back the same mares, who are a year older, year after year, and then saying, 'oh, it hasn't happened for me,' is not the approach. If you asked that same person what they have done to give themselves a chance, what have they actively gone and done, they often don't have any answer for you. Some will say, 'oh, well I can't go out and buy a new mare, I had to play it safe because the foal sales didn't go well or the yearling sales didn't go well.' Well, the answer to that is no, when the foal or yearling sales don't go well, that's when you have to go out and buy a new mare! You almost have to be more active when things aren't going well. People tend to almost go back into the shell when things aren't working for them. Everyone should be trying to improve all the time. I mean, I read Emma Berry's piece with Peter Kavanagh in the TDN on Tuesday, and he made some excellent points. The bit I would completely agree with is that, part of the puzzle, and the piece of the game that we rarely talk about, is horse husbandry. It's arguably the most important part of the puzzle. From choosing stallions, to buying mares or even sending horses into training, it's all completely irrelevant if the horse husbandry hasn't been good enough. That is the area that is slipping in Britain; the horse husbandry is going the wrong way a lot of the time. Obviously there are plenty of people doing a good job but, in general, the slide is in the quality of husbandry, and that's difficult to get around. When husbandry slides, the rest of it becomes irrelevant. 

What are we talking about here? Just poorly presented foals at the sales with regards to lack of bone, poor feet etc?

Everything. The quality of the land, management of the pasture, the attention to detail on the stock, general care of the stock; it's everyday stuff. Thinking that you can just turn out horses and forget about them, be it mares, foals, whatever, horse husbandry is an everyday job. If you are not on it every day, it slips. 

I was at the pinhookers panel at Tattersalls on the evening before the foal sales where you came out with a great line when referencing a conversation you had with your accountant. I think he was questioning one of your decisions and you said something along the lines of, 'you don't get to have a say, you just keep the score!' With that in mind, and I know you won't mind me saying this, but I would say there were a few people questioning the decision to stand Dragon Symbol at Whitsbury. Lucky you don't care what other people think!

We had the same reaction with Showcasing and Havana Grey. When we bought Showcasing, I was told that the Gimcrack wasn't a stallion-making race. You had to go back to Mill Reef when a Gimcrack winner became a good stallion. What a load of rubbish that was. With Havana Grey, people were saying, why are we getting excited about a son of a stallion who was standing for eight or 10 grand, or whatever it was at the time. That made no sense to me either because, first of all, Havana Gold had already proved himself as a bloody good stallion and, also, you could give 10 examples in about three seconds of horses who were more successful than their sires. In terms of Dragon Symbol, he's very easy to defend. He was five pounds a better racehorse than Havana Grey ever was and it's about standing a quality racehorse at the end of the day. To be first past the post in a Commonwealth Cup, with himself and Campanelle six lengths clear of the rest, and to then go and be beaten just a neck behind Starman in a July Cup as a three-year-old, those are serious performances. I happened to think Cable Bay was a bloody good stallion as well. He just didn't have the rub of the green in terms of fertility and soundness, in that he had one or two issues that held him back, which was nobody's fault. He got eight black-type two-year-olds in his first crop which is better than ninety per cent of stallions and that allowed them to double his fee to 15 grand, which nobody batted an eye over. He absolutely deserved it. 

Dragon Symbol (right) | Racingfotos.com

Is it extra special bringing Dragon Symbol back to where he was bred or does it even matter?

The answer to that is I couldn't give a monkeys who bred him! It's a nice thing to talk about but it had zero influence on the decision. In fact, I think it could have the opposite effect as people might get the wrong end of the stick in thinking Dragon Symbol was a vanity project when the reality is that it couldn't be further from the truth. We're far too business-minded and commercial to worry about that sort of thing. 

And what's the vibe ahead of Sergei Prokofiev's first runners next year?

I don't even want to hear things from trainers in February, let alone December, but all I would say is that the Sergeis are very easy customers to deal with. They are relaxed and compliant. As we were saying earlier, sadly with the staffing in the industry, we don't have the time to deal with difficult horses compared to back in the day, so having a stallion who produces even-tempered and nice horses is a step in the right direction. 

We almost got to the end of the conversation without waxing lyrical about Havana Grey. I know you find it boring to continue to heap praise on him but even you must have been punching yourself over the continued support behind him at the foal sales?

It's fantastic but my pulse doesn't raise much at the sales. When we're selling our own stock for good money, we need to do that to keep the cogs turning in the right direction and to reinvest in the industry, but it's not something I get excited about. What excites me most is watching our horses win on the track. I do get nervous watching a two-year-old we thought a lot of make its debut. Even if it's a Class 5 at Wolverhampton, I'll be far more nervous about that than a horse going through the ring. The other thing that makes us happy is trying our best to help and advise people and, when it works out even better than what we'd hoped it would, that is very satisfying. Celebrating the result of our clients is more satisfying. 

 

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Get Ahead Garners 2.5M Gns During Sceptre Sessions

Listed winner Get Ahead (GB) (Showcasing {GB}–Suelita {GB}, by Dutch Art {GB}) commanded a 2.5 million guineas final bid from William Haggas signing on behalf of First Bloodstock on the second day of selling at the Tattersalls December Mare Sale. Offered as Lot 1813 by Whitsbury Manor Stud, the half-sister to English Champion 2-year-old Chaldean (Frankel) and a full to Group 2-scorer Alkumait also finished runner-up in the G1 Flying Five S.

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Havana Grey Lights Up Book 2 With 425k Colt Knocked Down To Anthony Stroud

It seems as though Michael Fitzpatrick and Havana Grey (GB) have something in common with the lord himself as turning water into wine comes natural. 

Time and time again, the man behind Kilminfoyle House Stud produces pinhook after pinhook in a similar fashion to how Whitsbury Manor Stud's emerging force seems to transform whatever pedigree he touches. 

The latest transformation played out on Tuesday evening of Book 2 at Tattersalls when a colt by Havana Grey (lot 1020), who Fitzpatrick purchased as a foal under the banner of JC Bloodstock for 82,000gns here in December, sold to Anthony Stroud for 425,000gns. 

Stroud knows a thing or two about high-class sons of Havana Grey, having paid 625,000gns for the unbeaten two-year-old sensation Vandeek (GB) from Glending Stables at the Tattersalls Craven Sale back in April. 

Like Vandeek, Tuesday's sale-topper will be trained by Simon Crisford, but will carry the colours of HH Shaikh Nasser, according to Stroud. 

He said, “Havana Grey has done terrifically-well. This is a very well-balanced horse who moved particularly-well.”

Asked if parallels could be drawn between this colt and Vandeek, Stroud responded, “Well, with Vandeek, we were lucky enough to see him breeze. This horse has the credentials to be a very, very nice horse. He's got a pedigree and is by a stallion who is on the upgrade and doing really well.”

He added, “Havana Grey is a very exciting young stallion and, from what he has had, he's done very well. He's doing a great job. This colt is for HH Shaikh Nasser and is going to Simon Crisford.”

The Havana Grey colt is a full-brother to high-class two-year-old Elite Status (GB), who made 325,000gns at this sale last year. Elite Status may not have been a match for Vandeek when they met in the Morny and the Middle Park, but he has confirmed himself a classy juvenile in his own right when landing a Group 3 in France, and it was on the strength of him showing up on the track this season that Fitzpatrick snapped up his little brother at auction from Whitsbury. 

He explained, “I bought this colt as a foal solely on the full-brother. I sold him [Elite Status] last year and loved him. Whitsbury Manor is a great breeder and this horse is a pleasure to do anything with. My thanks go to Anthony Stroud and I wish the new owners the very best of luck.”

Fitzpatrick added, “I also can't thank my staff enough–Pamela, Hannah and Santos. It is only for them, the work they do, I actually think they are made of iron!”

“When you have a Havana Grey yearling, it gives you a chance,” – Joe Foley

That wasn't the only big-ticket Havana Grey bred by Whitsbury through the ring on the day as a filly (lot 981) consigned by Ballyphilip Stud was knocked down to Joe Foley standing alongside Steve Parkin earlier in the session for 280,000gns. 

That particular filly netted her connections a nice packet as she was sourced as a foal at Goffs last November for just €68,000.

Foley commented, “She's a very good example of what the stallion can throw. As we all know, he's made an outstanding start, he's on the way to superstar stallion status. We have a good two-year-old by him this year called Queen's Guard (GB). When you have a Havana Grey yearling, it gives you a chance.”

He added, “I like the fact she's out of a Showcasing (GB) mare. I like the idea of him as a broodmare sire and the pedigree goes back to Blue Duster. It's a good, fast family and one I like.”

 

 

Pinatubo Continues To Pack A Punch As McElroy Provides More Amo For Kia

Amo Racing's Kia Joorabchian has been showing some love to Ben McElroy this week with the American-based bloodstock agent signing for a 325,000gns Pinatubo (Ire) colt among others on behalf of the owner.

That transaction came just 24 hours after McElroy featured alongside the list of buyers for the Pinatubo filly that was also acquired on behalf of Amo on Monday for 110,000gns. Needless to say, McElroy described himself as a fan of Darley's young stallion. 

McElroy said of lot 939, “He is a very imposing colt, a great mover with great strength. He carried himself well the two or three days of showing and is just a lovely horse. I actually thought he might cost maybe a bit more than he did. Maybe the aggressive bidding helped out on that a little bit.

“He's been bought for Amo Racing and will go back to Robson [Aguiar] who will assess him for Kia. We will decide on a trainer next spring. We bought a beautiful filly by the stallion yesterday and he seems to be getting really nice stock. Pinatubo was a great racehorse and I think this colt has a great chance.”

The Pinatubo colt was sold by Ballyhimikin Stud. Aguiar and Hamish Macauley, who have bought plenty of horses on behalf of Amo before, also featured among the list of buyers. But the relationship between McElroy and Joorabchian is a newer one.

The agent explained, “We'd always meet up with Kia at the races down through the years and maybe we even bid against each other when we were in America last year. Robson bought a horse [Valiant Force (Malibu Moon)] who turned out to be Kia's first Royal Ascot winner at Keeneland last year. Between Saratoga and Keeneland, we bought a few horses for Kia this year and we've bought a few here for him as well.”

He added, “Robson really rated this horse very highly and I suppose it will be Robson who decides how he fits in with all the yearlings heading into next year.”

McElroy, Macauley and Amo went on to snap up another colt by up-and-coming Darley-based stallion Earthlight (Ire) for 325,000gns. But the real story here was how Jimmy Murphy of Redpender Stud transformed the colt (lot 1013) from a 78,000gns foal here in December to the major payday in the ring on Wednesday. 

“He was a good-looking horse and we took a chance-plenty of others don't work out so well,” a beaming Murphy reported afterwards. “Earthlight is a son of Shamardal and he is from a very good dam line. We were lucky that Selenaia (Ire) (Sea The Moon {Ger}) [Grade 3 winner] came up in the first dam and then Lake Forest (GB) (No Nay Never) in the second dam won the Gimcrack.”

Murphy added of the Earthlight colt, who was bred by Derek Iceton of Tara Stud, “He is very much a two-year-old and is a precocious type of horse. Hopefully we will see him at Royal Ascot.”

Fellowes To Train 350k Wootton Bassett Colt

Charlie Fellowes has a Wootton Bassett (GB) colt to look forward to training next year after owner Paul Hickman shelled out 350,000gns on the WH Bloodstock-drafted yearling who is bred on the same cross as Group 1 winner Al Riffa (Fr).

The Wootton Bassett colt (lot 915) was bred by Westerberg and is out of Galileo (Ire) mare Beluga (Ire), a half-sister to Derby winner Pour Moi (Ire) and a sister of the Group 3 winner and Irish Derby third Dawn Patrol (Ire).  

He was bought by Will Douglass, agent for Charlie Gordon-Watson, who was standing alongside Fellowes to the right of the rostrum. The winning bidders held off the challenge of Richard Ryan who was on the phone atop of the stairs. 

“It's not been as easy as the market would suggest,” Douglass commented. “This week has been a lot better. He's a very special horse and has been bought for an English owner called Mr Hickman. He's had horses with Charlie for a few years and is involved in Cloudbreaker (GB) (Sea The Stars {Ire}).”

Douglass added, “We bought a few for him last year and got a Frankel [colt for 250,000gns] here last week. We also underbid one at Deauville for a lot of money. It's not easy. When you follow those nice horses through, you're competing against countries, not just people. If you want to get in, it's really tough.”

Beluga has a Wootton Bassett colt foal and is in foal to Camelot (GB). She is also a sister to Listed winner Kissed (Ire).

 

 

Talking Points

  • What a day for Whitsbury Manor Stud. Not only did Havana Grey earn the plaudits of major buyers Anthony Stroud and Joe Foley but the stud also bred the respective lots that both men signed for. That's what you call a good day at the office. 
  • As good as Havana Grey performed on Tuesday, it must be said that Pinatubo continues to impress. Of the 10 yearlings through the ring by Darley's hot prospect, they averaged 128,600gns. What's more impressive is the fact that Pinatubo has posted a bigger average–150,250gns—than any other stallion on day one and two of Book 2. 
  • Edgar Byrne played a major role at the Tattersalls Ireland September Yearling Sale when signing for a €115,000 Kameko colt to join Scandinavian-based trainer Niels Petersen. The same connections were active at Book 2 on Tuesday when landing a Dark Angel (Ire) colt from Yeomanstown Stud for 145,000gns. The colt (lot 816) is a brother to Fantasy Lady (Ire), winner of the Listed Staffordstown S. and not beaten far in an Irish 1,000 Guineas for Paddy Twomey.
  • The clearance rate remained strong on Tuesday at 86%. However, compared to this corresponding day's trade 12 months ago, the average fell 18% to 88,171gns while the median dropped 6% to 66,000gns.
The Golden Touch 

By Georgia Cox 

Lot: 976
Filly by Havana Grey (GB) – Chloris (GB) (Dansili {GB})
Bred by Hascombe and Valiant Stud
Consigned by Hazelwood Bloodstock
Purchased by Ross O'Sullivan 

Chloris admittedly did little to write about on the track herself, but she has shown promise as a broodmare with her first foal Royal Elysian (GB) (Showcasing {GB}) placing in three of her four starts to date. Of course Dansili is well known for his success as a broodmare sire. 

Chloris is a third-generation representative of a family nurtured by esteemed owner-breeder Anthony Oppenheimer, and further back the family also includes the Wildenstein-bred Prix du Jockey Club and Prix de l'Arc de Triomphe winner Peintre Celebre. Her half-sister Bartzella (GB) (Golden Horn {GB}) was a convincing listed winner for William Haggas. 

The exploits of the progeny of young stallion Havana Grey speak for themselves, and that no doubt had a hand to play in this filly realising 140,000gns. The hammer fell at five times the price of 28,000gns, which was originally paid when she last walked through the ring just ten months ago at the December Foal Sale. Katie Walsh was the final bidder and signed for the filly in the name of her husband, trainer Ross O'Sullivan.

Buy of the Day

Richard Brown of Blandford Bloodstock doesn't miss very often and in lot 987, a Lope De Vega (Ire) colt bought from Cheveley Park Stud for 210,000gns, he looks to have sourced another nice prospect. 

For a start, the sire doesn't need any explaining and the mare, who was black-type herself, is a sister to Alice Springs (Ire) (Galileo {Ire}). 

Whether this colt runs in the Wathnan Racing silks, the major owner that Brown has been buying on behalf of recently, or any number of the major clients that the top agent represents, he could be one to keep an eye on for next year.

Thought for the Day 

Is it any wonder why we're all running around with little pot bellies on us in the height of sales season? Whether it's the toasted sandwiches and the carrot cake at Newsells or the breakfast down at Castlebridge, it's hard to resist some of the [free!] grub on offer at Park Paddocks. Just wait until the Tweenhills van arrives in December! We'll be rolling out of Newmarket for Christmas.

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