Odds set on 'Pharoah' stud fee

[Admin]

I don't think many farms want to price what isn't the "fair market" price. Word gets out, and then discounts are expected, and possibly even gets known as "that's not the real stud fee." The farm is almost forced to cut the fee the second year, which you don't want to do yet with a popular stallion. The wheeling and dealing I hear of are to stallions they're having a hard time booking at the advertised fee (or at any fee).

I just can't see that happening here. They'll have a popular stallion and I think they'll price him at the fee that will make him elite but also with far more applications than they can book (and will be selective on the book).

[Somnambulist]

Sounds complicated. Not that I didn't think it would be.

Glad I don't do it for a living.

[luvthesales]

I don't think many farms want to price what isn't the "fair market" price. Word gets out, and then discounts are expected, and possibly even gets known as "that's not the real stud fee." The farm is almost forced to cut the fee the second year, which you don't want to do yet with a popular stallion. The wheeling and dealing I hear of are to stallions they're having a hard time booking at the advertised fee (or at any fee).

I just can't see that happening here. They'll have a popular stallion and I think they'll price him at the fee that will make him elite but also with far more applications than they can book (and will be selective on the book).

I agree; most farms don't. And the scenarios you describe are accurate, which is probably why Somnambulist's gut tells her he'll be under six figures. Mine would, too, ordinarily. I just think the rules go out the window this time; Coolmore is a different cat, and this is an unusual circumstance.

I think the horse is worth $80,000-$100,000. They'd stuff his book and turn down applications at that price, IMO, which is what they want to do (I'm not sure if selectivity enters into anything they do, honestly, unless they're literally so oversubscribed the horse would drop from exhaustion). But I'll be surprised if Coolmore prices him that "low." I would love to be wrong, though-- it will be better for breeders in the long run.

I'd be interested to see where you've got him pegged, as far as announced fee (understandably subject to change). I'd say $125,000-$150,000 right now. Maybe we agree in principle, but simply disagree on valuation?

[Horsebagger]

I don't think many farms want to price what isn't the "fair market" price. Word gets out, and then discounts are expected, and possibly even gets known as "that's not the real stud fee." The farm is almost forced to cut the fee the second year, which you don't want to do yet with a popular stallion. The wheeling and dealing I hear of are to stallions they're having a hard time booking at the advertised fee (or at any fee).

I just can't see that happening here. They'll have a popular stallion and I think they'll price him at the fee that will make him elite but also with far more applications than they can book (and will be selective on the book).

I agree; most farms don't. And the scenarios you describe are accurate, which is probably why Somnambulist's gut tells her he'll be under six figures. Mine would, too, ordinarily. I just think the rules go out the window this time; Coolmore is a different cat, and this is an unusual circumstance.

I think the horse is worth $80,000-$100,000. They'd stuff his book and turn down applications at that price, IMO, which is what they want to do (I'm not sure if selectivity enters into anything they do, honestly, unless they're literally so oversubscribed the horse would drop from exhaustion). But I'll be surprised if Coolmore prices him that "low." I would love to be wrong, though-- it will be better for breeders in the long run.

I'd be interested to see where you've got him pegged, as far as announced fee (understandably subject to change). I'd say $125,000-$150,000 right now. Maybe we agree in principle, but simply disagree on valuation?

I would basically agree with all of this, and it's why I told Som she is going to lose a case of beer to Dustin. Maybe he'll share.

[Somnambulist]

I would basically agree with all of this, and it's why I told Som she is going to lose a case of beer to Dustin. Maybe he'll share.

Considering how much I've eaten/drank (I do both in mass quantity) on Dustin's dollar, it has to even out somewhere.

Besides it's just a case of beer. If we had bet something like local wine... whole other ball game.

[Life At Zen]

ESPN/Zayat reporting he will stand for north of $200 million.

[BaroqueAgain1]

$200 MILLION?!?
Typo, maybe?

[mariasmon]

Maybe it was in Yen, not USD

No, seriously, it was $200,000.

http://espn.go.com/horse-racing/story/_ ... allion-fee

[lurkey mclurker]

$200,000 for a first-year stallion, triple crown winner or no... wowzers.

If he's set at that, wouldn't logic (there I go using logic ) dictate that his sire should be worth even more...??? Wonder what they'll set for PotN.

[lurkey mclurker]

And to answer my own question, from the ESPN article:

Pioneerof the Nile, which currently stands at WinStar Farm, is expected to get a nice bump in stud fee thanks to his son's Triple Crown. WinStar president and CEO Elliott Walden told ESPN.com that the horse's fee will rise from $60,000 per live foal to in between $125,000 and $150,000 "depending on how the year ends up."

http://espn.go.com/horse-racing/story/_ ... allion-fee

[Life At Zen]

$200 MILLION?!?
Typo, maybe?

Hahahahahahaha I can't believe I wrote that. Thousand. 200 thousand. Lol.

[Horsebagger]

Why doesn't the link work to the ESPN article?

I'm seriously doubting the $200,000 number, although I've heard today $150,000 might be the number.

[lurkey mclurker]

And to answer my own question, from the ESPN article:

Pioneerof the Nile, which currently stands at WinStar Farm, is expected to get a nice bump in stud fee thanks to his son's Triple Crown. WinStar president and CEO Elliott Walden told ESPN.com that the horse's fee will rise from $60,000 per live foal to in between $125,000 and $150,000 "depending on how the year ends up."

http://espn.go.com/horse-racing/story/_ ... allion-fee

The full link I posted works; MM's got truncated somehow.

[Horsebagger]

And to answer my own question, from the ESPN article:

Pioneerof the Nile, which currently stands at WinStar Farm, is expected to get a nice bump in stud fee thanks to his son's Triple Crown. WinStar president and CEO Elliott Walden told ESPN.com that the horse's fee will rise from $60,000 per live foal to in between $125,000 and $150,000 "depending on how the year ends up."

http://espn.go.com/horse-racing/story/_ ... allion-fee

The full link I posted works; MM's got truncated somehow.

that worked. thanks.

I wouldn't trust anything that guy says. We'll see.

[Somnambulist]

that worked. thanks.

I wouldn't trust anything that guy says. We'll see.

I don't either. If that's the case, I'm getting a time machine and asking Frank to stand Ghostzapper for 250k just to smite these people..

I really do like the horse. It's a shame that someone like the Whitneys, or the Phipps, etc. can't own him.

[TBird]

that worked. thanks.

I wouldn't trust anything that guy says. We'll see.

I don't either. If that's the case, I'm getting a time machine and asking Frank to stand Ghostzapper for 250k just to smite these people..

I really do like the horse. It's a shame that someone like the Whitneys, or the Phipps, etc. can't own him.

The flip side of that is, if someone like the Phipps or the Whitneys owned him, no one would ever be able to breed to the horse except them and their friends.

[Admin]

ESPN/Zayat reporting he will stand for north of $200 million.

ROFL.

[Admin]

I wouldn't trust anything that guy says. We'll see.

Oh, like him being valued at $1m as a yearling? And that he wouldn't have taken anything less than that?

[Somnambulist]

ESPN/Zayat reporting he will stand for north of $200 million.

ROFL.

This is the first time I think I've ever seen you use something like this.

[Life At Zen]

ESPN/Zayat reporting he will stand for north of $200 million.

ROFL.

The beautiful thing about this typo is the fact that it can also be used as a joke against Zayat