Encosta de Lago to Stand for $220,000
(Edited press release)
Coolmore Australia has announced service fees for the 2009 season, headed by Encosta de Lago, who will stand at a reduced fee of $220,000 ($155,000 in U.S. funds) on a roster that also includes new faces Henrythenavigator and Duke of Marmalade, according to Australia's racingandsports.com..
Coolmore has followed the trend of most other stallion farms, with fees dropping considerably amid the current global economic crisis.
There are two exceptions to that rule. Choisir, sire of eight individual stakes winners in Australia this season, has had a fee rise from $33,000 to $35,750, and Real Saga’s sire, Tale of the Cat , has gone from $33,000 to $38,500.
Encosta De Lago has dropped back from $302,500 last season, but with Redoute's Choice coming back to $198,000 in 2009, it makes the son of Fairy King Australia's highest priced stallion this year.
“The progeny of champion sire Encosta de Lago continue to enjoy unrivalled success on the race track. He has consistently proven himself the best sire in Australasia,” Coolmore Australia general manager Michael Kirwan said.
Henrythenavigator and Duke of Marmalade have had their fees set at $38,500 and $33,000, respectively.
“Coolmore Australia is proud to announce the addition of two exciting young horses to our roster for the 2009 Australasian breeding season,” Kirwan said.
“Henrythenavigator is a blisteringly fast champion son of Kingmambo, making him a sensational proposition for Danehill-line mares.
“Joining him is Duke of Marmalade, the dominant racehorse of the 2008 European season and a son of legendary Danehill from a family brimming with sire power.
“We have great expectations of this pair.
“These young horses join our roster to embellish what is already a very strong line-up.”
In all, 18 stallions have been named to stand at the Jerrys Plains operation this season.
Danehill Dancer ($88,000), Fastnet Rock ($60,500). and Rock of Gibraltar ($55,000) are the other stallions to be standing at $50,000 or more.
“Market forces dictate that breeders must be more prudent than ever in their breeding decisions,” Kirwan said.
“Be it your desire to breed a champion racehorse or to achieve outstanding return on investment during the 2012 yearling sales series, the team at Coolmore are focused on your success.”
Aussie Rules, by Danehill - Last Second, by Alzao $8,800 ($16,500)
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