Panelists discuss changes in stallion market and managing some of the top stallions of the 1980s and '90s.
The Kentucky Thoroughbred Association and Kentucky Thoroughbred Owners and Breeders have elected officers and members of the board of directors.
Grindstone was an unheralded colt who never grabbed the public's attention. He served notice, however, that 3-year-olds capable of a strong run down the longest stretch in the nation should not be disregarded.
He managed the stallion career for Storm Cat for W.T. Young's Overbrook Farm. Storm Cat was euthanized April 24 due to the infirmities of old age at 30.
For Ric Waldman, the bloodstock adviser who managed most of Storm Cat's breeding career, the sale of the stallion's last yearling was another in a series of finalities relating to Storm Cat.
Battle Plan, a grade II winner for the Young family's Overbrook Farm, has been sold to a group of Japanese breeders representing J.S. Company in Japan.
Flanders, whose hard fought victory in the 1994 Breeders' Cup Juvenile Fillies (gr. I) was chosen by readers of The Blood-Horse as the race of the year, was euthanized in mid-February.
Overbrook's dispersal is the second-largest in Keeneland history.
Lee Eaton, the co-breeder of Kentucky Derby (gr. I) winner Bold Forbes, died Dec. 10 at his residence in Ft. Lauderdale, Fla. Eaton, 76, died of natural causes.
The debt crisis in Dubai was being closely monitored Nov. 27 by buyers and sellers of high-end Thoroughbreds, but there was no immediate indication Dubai's ruler would scale back his enormous financial ties to the industry in the United States and elsewhere.
With the Keeneland September yearling sale behind him, Ric Waldman of Overbrook Farm is concentrating all his efforts on promoting the 157 mares, weanlings, racing, and stallion prospects that will go through the ring Nov. 10-11 as part the operation's final dispersal at Keeneland's November breeding stock sale.
While the Thoroughbred market has been in a continual slump over the last year due to the downturn of the overall economy, the royally bred horses in Overbrook Farm's yearling dispersal could boost business at this year's Keeneland September sale.
Overbrook Farm stallion Grindstone will continue his stallion career at veterinarian Jack Root's Oakhurst Equine Farm near Newberg, Ore., according to Ric Waldman, Overbrook's advisor and manager of stallion operations.
Storm Cat has been a titan among North America's commercial sires, and he added to his considerable reputation in 2008, leading all stallions based on the average price of their yearlings sold at public auction for the sixth time in his breeding career. He returned to the top following a two-year break during which he fell to second behind Danzig in 2006 and ranked third behind A.P. Indy and Kingmambo in 2007.
A Kentucky judge rejected Jess Jackson's $4 million bid to acquire a 20% interest in reigning Horse of the Year Curlin. Jackson is the majority owner of the 4-year-old champion.
The annual November breeding stock sale is a showcase of first-crop weanling sires. Below is a random sampling of comments about the new sires and their weanlings.
The Sept. 8 opening session results of the 2008 Keeneland September yearling sale were not unexpected by buyers and consignors.
Silver Deputy, one of North America's top veteran stallions, has been pensioned because of declining fertility, said Ric Waldman, who managed the bay horse's stud career, Sept. 5.
Veteran stallion faces uncertain future in the breeding shed.
Industry participants offered their views on the recommendations released Oct. 15 by the 36-member Sales Integrity Task Force.
Storm Cat covered 96 mares this past breeding season and more than 70% got in foal.
The fireworks sparked by seven-figure prices ended Wednesday at the Keeneland November breeding stock sale in Lexington. But the third session increased in gross revenue and median price from a year ago while maintaining the average price and decreasing the buy-back rate.
The Welfare and Safety of the Racehorse Summit ended Tuesday in Lexington after more than 40 participants worked together to draft action plans in six areas to improve conditions in the Thoroughbred industry.
While it was Sheikh Mohammed who drove the market during the two-day select sessions of Keeneland's September yearling sale Monday and Tuesday, it was powered by the sires of those yearlings. The leading sires from Book One are a heady mix of the old guard with a trio of young shooters making some interesting headway.
Storm Cat, the world's most expensive stallion, figures to stay that way. His fee will remain at $500,000.
There was a huge run on the market for sons and daughters of Storm Cat by the ultimate high-end buyers at the select sessions of the Keeneland September yearling sale. Leading the charge, of course, was the fall sale record $9.7 million bid by Sheikh Mohammed for a dark bay or brown colt by Storm Cat out of multiple grade I winner Tranquility Lake.
The decision by Hall of Fame jockey Pat Day to retire at age 51 elicited a variety of reactions from those with whom he has worked during his illustrious career.
What to do with an estimated $12 million in Kentucky Breeders' Incentives money was the topic of discussion during a May 18 meeting of Central Kentucky breeders at Fasig-Tipton Kentucky's Newtown Paddocks near Lexington.
Storm Cat, the leader at the Keeneland September yearling sale, will again stand for $500,000 live foal.
Marvin Waldman, a partner in the breeding of a Kentucky Derby (gr. I) winner and the father of long time Overbrook Farm adviser Ric Waldman, died Thursday in Highland Beach, Fla. He was 86.
Cape Town, who sired a 2003 champion and Kentucky Oaks (gr. I) winner in Bird Town, has undergone a fee change from the previously announced $20,000 to $25,000 for the 2004 breeding season.
William T. Young, a major Thoroughbred owner-breeder who operated Overbrook Farm near Lexington, Ky., died Monday at his home in Gulf Stream, Fla. He was 85.
The top of the yearling market faces its biggest test of the year when Keeneland's September sale gets under way Monday.
Storm Cat, the most expensive Thoroughbred stallion in the world, will stand for a $500,000 live foal fee for the third year in a row in 2004.
If there is to be a silver lining in the cloud of Ferdinand's death in Japan, it comes in the manner in which future business transactions will be written, and the heightened awareness that owners' responsibility no longer ceases when a horse is sold. Ignorance is no longer an option, and no one understands that better than the people who have done business selling horses to overseas interests.
The summer yearling sale season kicked off Wednesday with the Fasig-Tipton sale in Lexington, Ky. Buyers, sellers, and sales company officials offered the following observations.
Deputy Minister, who rang up $10-million in progeny earnings in both 1997-98, will have a reduction in his 2003 fee
Storm Cat, the world's most expensive Thoroughbred stallion, will stand for the same price in 2003 as he did in 2002: $500,000.
Mr. Prospector continued his stranglehold on the leading broodmare sire list, racking up his fifth title in a row. And despite the stallion's death in 1999 at the age of 29, he figures to keep a hammerlock on the competition for years to come. At his current pace, there is little reason to believe he can't top the list for another five years.
Champion Boston Harbor's date for departure from William T. Young's Overbrook Farm near Lexington for Japan is getting closer.
Ric Waldman, who manages the Windfields Farm stallions, said Wednesday Deputy Minister's stud fee for 2002 will remain $150,000, and the fee for Silver Deputy will be reduced to $40,000 from $75,000.
Uncertainty stemming from mare reproductive loss syndrome, and the subsequent moratorium on prospective foal insurance that has been in effect since early May, are expected to impact the no-guarantee stallion-season market in 2002.
Two "syndromes" of unknown origin that began in late April are causing Central Kentucky farms to lose an excessive number of foals and fetuses. The first syndrome results in what broodmare owners know as "red bag," or premature placenta separation. The placenta comes out before the foal, often causing the foal to suffocate if the birth is unattended. The second syndrome was discovered a short time later, when veterinarians began to perform 60-day ultrasound fetal checks and found many mares either were not pregnant or in the process of ending their pregnancies. Some farms have experienced losses from 25-75% of next year's foal crop. There is no evidence the problems are slowing down.
Officials with several major Central Kentucky farms shared their experiences about the unsolved excessive foal loss that has been discovered in recent weeks. Area farms are working with the University of Kentucky's Maxwell Gluck Equine Research Center to better understand the problem.
Seth Hancock, Alan Porter, John Veitch, and Ric Waldman are constantly asked for their opinions on Thoroughbreds and breeding. On March 6 they shared those opinions with the Kentucky Thoroughbred Farm Managers' Club in Lexington. About 280 members and their guests listened to the visitors and panel moderator Ed Bowen.
Following on the heels of a reported 10 lifetime breeding rights sold in Storm Cat in 1999 to the John Magnier-controlled Coolmore operation, Ric Waldman, syndicate manager for W.T. Young's Overbrook Farm, has confirmed more breeding rights in North America's leading sire have been sold in 2000. Waldman would not disclose exactly how many breeding rights have been sold, or who they have been sold to, however, he did say a total of 25 lifetime breeding rights have been sold in the last two years.
North America's most expensive stallion just got more expensive. William T. Young's Storm Cat, who stood for $300,000 in 2000 at his owner's Overbrook Farm near Lexington, will stand for $400,000 in 2001.
It's no secret that breeders will be paying higher stud fees in 2001, and one stallion whose fee is expected to rise into the stratosphere is William T. Young's Storm Cat, who stood the 2000 season for $300,000 at his owner's Overbrook Farm near Lexington, Ky.
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