2014 KEE SEP Yearling Sale Catalog

[ThreeMustangs]

New sales topper: $2.2M War Front-Gold Vault colt (#680). I thought he looked a lot like his sire.

[BaroqueAgain1]

I know this colt has a great pedigree, but $2.2 million? The photo of the colt shown on DRF Live does not impress me...so high in back that he almost looks sway-back.
http://live.drf.com/events/keeneland-september

Must have been a bidding war between Coolmore and some other heavy-hitter.

[mariasmon]

He's likely in a growth spurt. But pics can be very deceiving.

[BaroqueAgain1]

You're right...I just watched videos of him in the walking and sales rings, and he looked better when he was moving. Those big hindquarters look like he'll have some power.

ETA: His full brother, Mosler, just won an allowance at Belmont on the front end. Puts this purchase into an even better light.

[Izvestia]

I think he was also quite tense - his neck was up high - which drops their mid-back down. I think he is gorgeous, very bouncy and athletic. Looks like sire. The dam throws runners.
Tapit just got the other sale topper $2.2 million, half to New Years Day.

[serenassong]

Hip #575- C Street Cry (IRE) X Delta Princess is an out

Looking forward to seeing Hip#'s 747 and 748- Galileo(IRE) x Justenuffheart and Tapit x Justenufftime- both colts, dams are mother and daughter. 747 is a half to Kitten's Joy, and has produced Dreaming of Anna, Lewis Michael and Justenuffhumor. 748 is the dam of Cassatt- winner of the Monmouth Oaks since the catalog- and a full sister to the offered colt.

747-$425K -Whisper Hill Farm
748- $850K- John Ferguson

I though that 748 was a rock star.

[Hail To Reason]

"I would consider Midshipman.
The sire seems to be off to a good start with a stakes placed 2 YO from his 1st crop and a yearling sold for $130,000 at F-T SAR.
So it would appear the buyers like his foals.
One of the KEE SEP Midshipman yearlings that appeals to me is Hip #1820 out of a Deputy Minister mare."

Update:
This filly, hip #1820, sold for $90,000 today.
The breeder did well as they only paid $7,500 stud fee for her.
She must have had nice conformation and her sire has a future as well.
The new owner has an excellent chance to recoup their purchase price of this filly if she just runs nicely through her conditions.

[lurkey mclurker]

But how much does it cost (board, care etc) to raise a colt or filly to that point...? What kind of profit might a breeder see from a stud fee of $7500 and a sale price of $90k?

(Just curious, not critical. )

[TBird]

But how much does it cost (board, care etc) to raise a colt or filly to that point...? What kind of profit might a breeder see from a stud fee of $7500 and a sale price of $90k?

(Just curious, not critical. )

These numbers all vary, so my choices are approximate, but pretty average:
Sales price $90,000
Comission to Keeneland and consignor: $9,000
Other sales expenses (xrays, day rate, night watch, halter, stall card, vanning, etc) $2,000
Sales Prep: $2,400
Board for yearling from weaning to sale: $11,500
Cost of maintenance for mare from time of breeding until weaning: $17,250
Foaling expenses, normal vet care (assuming no major problems), pre xrays, suppliments, etc: $5,000
Stud Fee: $12,500 (what Midshipman's fee was when this yearling was bred, not the $7,500 he is now)
Insurance: $5,000
Misc.: vanning to stallion, farrier, chiro, accupuncture, etc: $5,000

Total income: $90,000
Expenses: $69,650

These numbers assume that everything works well and easily--which is seldom the case when horses are involved. If I've forgotten anything major, somebody please remind me, lol.

[Northport]

^^^ that is extraordinarily helpful - thanks for posting!

[TBird]

You're welcome, Northport.

I forgot to add that those are central KY prices. But Midshipman is a central KY stallion, so if your mare lived elsewhere there would be additional travel and board costs.

And of course, I haven't factored in any money to cover the cost of buying the mare, which would be a substantial addition, even incrementally.

[halo]

"I would consider Midshipman.
The sire seems to be off to a good start with a stakes placed 2 YO from his 1st crop and a yearling sold for $130,000 at F-T SAR.
So it would appear the buyers like his foals.
One of the KEE SEP Midshipman yearlings that appeals to me is Hip #1820 out of a Deputy Minister mare."

Update:
This filly, hip #1820, sold for $90,000 today.
The breeder did well as they only paid $7,500 stud fee for her.
She must have had nice conformation and her sire has a future as well.
The new owner has an excellent chance to recoup their purchase price of this filly if she just runs nicely through her conditions.

If you're talking about considering Midshipman for breeding next year because of this years sales? I think he's in very dangerous territory. If you breed to him next year, you'll have a foal of 2016, to sell as a yearling in 2017. By then his first crop will be 5 year olds. If he hasnt hit as a stallion, the interest in your foal will be next to nothing, not to mention he likely won't even be around, or will be standing in South Dakota. The world of stallions is ALL ABOUT TIMING. Nothing else.

[swale1984]

2 fillies I like from session 8:

Hip 2292- Ghostzapper x Dynabunny - Dam is a 1/2 to Havre de Grace, and the 3rd dam produced Plugged Nickel and The Bink (Riskaverse) among others

Hip 2294- Discreetly Mine x Dyna da Wyna - Dam is 1/2 to Leroy's Dynameaux

[Horsebagger]

"I would consider Midshipman.
The sire seems to be off to a good start with a stakes placed 2 YO from his 1st crop and a yearling sold for $130,000 at F-T SAR.
So it would appear the buyers like his foals.
One of the KEE SEP Midshipman yearlings that appeals to me is Hip #1820 out of a Deputy Minister mare."

Update:
This filly, hip #1820, sold for $90,000 today.
The breeder did well as they only paid $7,500 stud fee for her.
She must have had nice conformation and her sire has a future as well.
The new owner has an excellent chance to recoup their purchase price of this filly if she just runs nicely through her conditions.

If you're talking about considering Midshipman for breeding next year because of this years sales? I think he's in very dangerous territory. If you breed to him next year, you'll have a foal of 2016, to sell as a yearling in 2017. By then his first crop will be 5 year olds. If he hasnt hit as a stallion, the interest in your foal will be next to nothing, not to mention he likely won't even be around, or will be standing in South Dakota. The world of stallions is ALL ABOUT TIMING. Nothing else.

The one I'm most intrigued by based on his yearlings is Trappe Shot. Holy smokes. He'd be one I'd take a shot on provided Claiborne doesn't lose their minds over his stud fee for next year.

We found he's not the easiest stallion to get to, put am encouraged by how his first crop has looked. Personally, I'm a Sidneys Candy fan as a stallion prospect. I think his 2-year olds could be this year's Super Savers at the sales next spring.

[sweettalk]

2 fillies I like from session 8:

Hip 2292- Ghostzapper x Dynabunny - Dam is a 1/2 to Havre de Grace, and the 3rd dam produced Plugged Nickel and The Bink (Riskaverse) among others

Hip 2294- Discreetly Mine x Dyna da Wyna - Dam is 1/2 to Leroy's Dynameaux

i was spelling her name wrong. i was driving myself crazy trying find this mare, i knew she existed, i was sure i wasn't making her up. ugh. can anyone watching let me know how this one looks?

[Hail To Reason]

I respect all the comments of members on this site.
I also respect the judgement and expertise of owners who put up their money to back up their judgement.
The purchaser of the filly hip 1820 by Midshipman out of Arcadiana for $90,000 is
Bob Lothenbach/Lothenbach Stables Inc. who has been in racing with some success for at least 10 years.
I recall one of his former trainers was now retired Carl Nafzger who trained horses for him.
Two of his present trainers are Ian Wilkes and Chris Bloc.
I'm sure they would have input on deciding what horses Mr. Lothenbach should purchase because they will ending up training them.
He is an astute knowledgeable buyer with a good support team of trainers.
Lothenbach Stables Inc. has purchased 11 yearlings so far in this sale.

[lurkey mclurker]

But how much does it cost (board, care etc) to raise a colt or filly to that point...? What kind of profit might a breeder see from a stud fee of $7500 and a sale price of $90k?

(Just curious, not critical. )

These numbers all vary, so my choices are approximate, but pretty average:
Sales price $90,000
Comission to Keeneland and consignor: $9,000
Other sales expenses (xrays, day rate, night watch, halter, stall card, vanning, etc) $2,000
Sales Prep: $2,400
Board for yearling from weaning to sale: $11,500
Cost of maintenance for mare from time of breeding until weaning: $17,250
Foaling expenses, normal vet care (assuming no major problems), pre xrays, suppliments, etc: $5,000
Stud Fee: $12,500 (what Midshipman's fee was when this yearling was bred, not the $7,500 he is now)
Insurance: $5,000
Misc.: vanning to stallion, farrier, chiro, accupuncture, etc: $5,000

Total income: $90,000
Expenses: $69,650

These numbers assume that everything works well and easily--which is seldom the case when horses are involved. If I've forgotten anything major, somebody please remind me, lol.

Wow, thanks so much for the info. Very interesting!

[Hail To Reason]

KEE Sale starts with BOOK 4 today and there are lots of yearlings by proven sires like Kitten's Joy, etc..
I expect there will be some good buys for someone.

[middleground]

Total income: $90,000
Expenses: $69,650

These numbers assume that everything works well and easily--which is seldom the case when horses are involved. If I've forgotten anything major, somebody please remind me, lol.

So would you say that about 1/2 of the horses sold in the later books are losses? The economics are staggering, and not in a good way. I'd guess that a smaller farm would have to breed to a few fashionable stallions (with the hope for a huge upside) if they wanted to cover potentially low prices for yearlings by not-so-pricey stallions. And even then we've all seen the situations where the yearling by the leading sire sells for almost nothing.

[TBird]

Total income: $90,000
Expenses: $69,650

These numbers assume that everything works well and easily--which is seldom the case when horses are involved. If I've forgotten anything major, somebody please remind me, lol.

So would you say that about 1/2 of the horses sold in the later books are losses? The economics are staggering, and not in a good way. I'd guess that a smaller farm would have to breed to a few fashionable stallions (with the hope for a huge upside) if they wanted to cover potentially low prices for yearlings by not-so-pricey stallions. And even then we've all seen the situations where the yearling by the leading sire sells for almost nothing.

If you want to sell what you breed you need to be breeding all your mares to the "fashionable" sires because only a very small portion of foals will have the physical perfection to hit the sales bulls eye. Bear in mind though, that breeders are booking their mares 2 and 1/2 years ahead of the yearling sales, so you have to be able to predict who will be "hot" 30 months in advance. I would guess that around half the horses sold throughout the entirety of the sale are losses for their breeders. The hope is generally that the home runs bring in enough money to cover the money lost on the others.