2013 value sires

Just as the stallion ranks are full of over-priced, over-hyped dross there are also a few examples of good value sires for the canny breeder.  Below are four sires that I believe represent good value for either owner breeders or commercial breeders and sometimes both.

1. Medicean (1997 Machiavellian ex Mystic Goddess by Storm Bird) 2013 fee £10,000

I wrote about Medicean last year when he stood for £8000 and after an exceptionally good year on the track a modest increase to £10000 is fully justified.  In my view he is now the best value sire around. 2012 saw him sire three Group 1 winners in Siyouma ex Sichilla by Danehill, Bayrir ex Balankiya by Darshaan and Capponi ex Nawaiet by Zilzal to bring his lifelong total to 9 Group 1 winners. A strong supporting cast included other Group winners Sapphire ex Polished Gem by Danehill,  Casaca ex Priena by Priolo, Mince ex Strut by Danehill Dancer, Regal Realm ex Regal Riband by Fantastic Light and Al Shemali ex Bathilde by Generous.  Those are the sort of results that outperform many sires standing at a multiple of that fee and will bring market recognition.  His 2012 sales results were decent with a median of 26,000 guineas.  His son Dutch Art has also made a very impressive start to his stud career,which might bring some reflected glory. Medicean’s overall stats at 4% stakes winners are decent and he represents great value for owner breeders, particularly anyone who likes the thought of a horse who will improve with age and racing or for commercial breeders as he is modestly priced for such a proven stallion, with solid sales results.

2. Dalakhani (2000 Darshaan ex Daltawa by Miswaki) 2013 fee €25,000

Dalakhani is now half the fee he was in 2009 and 2010. He is a proven sire of 5% stakes winners and the proven successor to his sire Darshaan. He has already sired 4 classic winners in Moonstone, Duncan, Reliable Man and Conduit. His sales median was 72000 gns in 2011 and 47000 guineas in 2012, so he should still be of interest to commercial breeders as a sire who offers a good prospect of commercial success.  In addition the risk for breeders is reduced as his fillies have almost the same median as his colts, which is not surprising given that Dalakhani is free from Northern Dancer and there are plenty of people willing to use his daughters to  try and follow the famous Sadler’s Wells /Darsahaan cross. In conclusion he is a high quality proven stallion, with very sound percentages who is reasonably priced on his achievements to date and who can be profitably utilised by owner breeders and commercial breeders alike.

3.Kendargent (2003 Kendor ex Pax Bella by Linamix) 2013 fee €6000

I wrote about Kendargent last year when he stood for €4000 and his very small first and second crops continued to give the impression that this is a sire going places.  If he continues his rate of progress with bigger and better crops in the future he might just go and become a Gallic rags to riches story to rival Ahonoora.

4. Azamour (2001 Night Shift ex Asmara by Lear Fan) 2013 fee €10,000

Azamour is a good sire with good percentages whose fee has dropped from €15,000 to a reasonable €10,000. 2012 also saw him sire his first Group 1 winner and classic winner in Valyra, who unfortunately died shortly after her French Oaks win. He has sired plenty of high class performers but lacked a real standout in the UK or Ireland, hence the drop in fee and for commercial breeders the fact that his 2012 median dropped to 12000 gns will have activated the alarm bells and he is not recommended for commercial breeders. However for owner breeders, I think he is a useful sire for the money who is well capable of getting a decent horse with some regularity.

 

2013 stud fees- some overpriced examples

Beauty is in the eye of the beholder and defining value is a very subjective measure. Looking at the published fees for 2013 there were a few fees that took my eye as representing particularly poor value.  I wouldn’t have time to list all the overpriced first season sires, so I’m restricting myself to those sires with runners……

Poor Value Sires

1. High Chaparral (1999 Sadler’s Wells ex Kasora by Darshaan) 2013 fee €25,000

I could just cut and paste my comments from last year regarding High Chaparral- yes he was a great racehorse, yes he has done very well in Australia/New Zealand but there is no way his European results merit a €25000 fee.  It is extraordinary to think that he has yet to sire a European Group 1 winner from his huge number of European conceived progeny. His sales returns have been good for the past two years but  sooner rather than later European breeders will wake up to the fact that he is only managing 3% stakes winners and is due a significant cut in fee. By way of comparison for the same fee you could access Dalakhani who has 5% stakes winners and has sired 5 individual European Group 1 winners.

2. Footstepsinthesand (2002 Giant’s Causeway ex Glatisant by Rainbow Quest) 2013 fee €10000

Not as egregiously bad value as his stud mate but nonetheless I think Footsteps has been a disappointment and is now overpriced.  He has managed only 2% stakes winners and if you take into account that his stud fee was over 20k for his first three years at stud, his record is not going to improve in the coming years. His median for the past two years has hovered around his stud fee so the commercial market is hardly in love with him. Interestingly he is the last and only Storm Cat line horse now in Coolmore Ireland but I’m sure if a suitable offer came from overseas, Coolmore would be happy to offload him and that particular experiment would come to an end without too many tears being shed by Ireland’s breeders. By way of comparison you could use Azamour for the same fee and he has 4% stakes winners.

3. Elusive City (2000 Elusive Quality ex Star of Paris by Dayjur) 2013 fee €12,500

I wrote about Elusive City last year when he was France’s most expensive stallion at €15000. He no longer holds this particular title but he still remains a sire who manages only 2% stakes winners and he remains considerably overpriced. You could pick 20 stallions who represent better value but two similarly priced Mr Prospector line stallions that are far better sires (albeit standing in the UK) are Medicean and Zamindar.

4. Teofilo (2004 Galileo ex Speirbhean by Danehill ) 2013 fee €35,000

I might be eating my words on this one, given that he produced three very nice two year old colts last year in Loch Garman, Havana Gold and Trading Leather. However I’m not arguing that Teofilo isn’t capable of producing high class horses but to me he didn’t do enough last year to justify a hike from €25000 to €35000. This is particularly the case when I felt that his three year olds were somewhat disappointing although admittedly the absence of his first crop star Parish Hall had a big impact on this.  His stud fee owes a lot to the growing belief in Galileo as a sire of sires and the fact that he shares the Galileo/Danehill cross with Frankel probably helps along with some strong Autumn sales results. People are taking a punt of fashion and on potential and  although he is an interesting sire his fee should have stayed at its 2012 level until he truly delivered on that potential.  By way of comparison at the exact same fee, his stud mate Cape Cross has demonstrated his ability to produce the goods and I would rather the proven over the possible any day.