Value Sires

Having dealt with the rookies separately, we now start our quest for value among those stallions already at stud. We'll be going through the pyramid by price band, and today kick off at the level most accessible to breeders on a budget. But do not be deceived that we must be scraping the barrel here. If anything, candidly, there are more horses standing at four figures that one could trust--above all, for a breed-to-race program--than among far more expensive newcomers featured in the first instalment. Whether one could also recommend...

It's time to revisit our annual series to assess the sires of 2025 with the aim of working out where the value lies. We'll reissue the usual caveat that value means different things to different people. For the benefit of this series, we are using the euro as our currency for bracketing, and will deal with stallions in the following four tiers: €50,000 and up €20,000 to €49,999 €10,000 to €19,999 Under €10,000. Only one of the new additions to the European stallion ranks for 2025 makes it into the...

With 'TDN Rising Stars' Sierre Leone (Gun Runner) and Fierceness (City of Light) extending their rivalry into 2025, and the GI Kentucky Derby winner also persevering to a third campaign, there's no denying that the new intake of Bluegrass sires has a fairly bunched look. A cluster of second-tier names can duly compete for mares that might otherwise have favored one of the sophomore leaders, with eight of the 23 newcomers targeting broadly similar budgets between $40,000 and $30,000. Whether that qualifies any of them as "value" can only be...

We're at the top end now when it comes to stallion fees, but there is quite a range to those prices, which for this feature is anything above £/€20,000. There is of course a massive difference, certainly when it comes to value, in a stallion standing at £35,000 and one at £350,000. In fact, we have two at that latter fee, which makes Frankel (GB) and Dubawi (Ire), the champion sires of the last two years in Britain and Ireland, the most expensive stallions in the world. Those two representatives...

Stick or twist? That's the question faced by many breeders this year. Anecdotally, it appears that some will be pulling back and not covering certain mares, which is understandable after a tricky sales season, not to mention the constant reminders from racecourse managers regarding the "significant headwinds" faced by racing. Unlike America, the foal crop in Britain and Ireland has been gently on the rise in recent years, up to 13,438 in 2023, compared to 12,778 in 2020, though within that combined number for last year, the Irish crop rose...

Today we conclude our survey of Kentucky stallion options with a look at the apex of the pyramid, comprising a couple of dozen standing between $60,000 and $250,000--besides whatever it might take to secure your mare an audience with Justify. It feels presumptuous enough to offer counsel even on cheaper sires, when each mating should boil down to you finding an optimal fit for an individual mare that you know inside out. Still greater hesitation, then, must precede any attempt to discover "value" among this lot. No stallion has any...

Who would be a stallion master, eh? Sure it's fine if you have a new horse to show off, or one of the elite few who has truly made it, but pity the owner of the stallion who has just faded from fashion through no real fault of his own, merely overlooked as the stampede rushes on to the next new thing. One can't blame breeders either for showing such interest in the new stallions at stud, for they have yet to be judged (though they will be, just as...

Now we're really entering nosebleed altitudes for most breeders, between $30,000 and $50,000: a zone where you should feel that you're improving the odds of coming up with an elite horse. It tells you a lot about our business that the majority of the two dozen stallions operating at this level can only do so because they have yet to send a single runner into the starting gate. A quarter of these we immediately set to one side, as absolute beginners, because those received separate consideration in the opening instalment...

Today we'll consider some of the sires standing between $10,001 and $19,999. For a long time, I called this the Lookin At Lucky zone. But don't worry, we won't be deploring his neglect yet again: he's staying in Chile, where they evidently appreciate him rather more. Plenty of horses in this bracket have recently relinquished their brief window of commercial opportunity, and are now hanging around to discover whether they might join the very small group whose first runners generate a fresh vogue. Even with the newcomers out of the...

Having dealt with the new sires as a case apart, today we start our journey through the price bands of Kentucky stallions by seeing what we can do with a four-figure budget. Even at this end of the market, the perennial dilemma remains that value means different things to different people. A breeder operating at this level tends to appreciate every cent of a commercial return, however marginal. If your belt is already at the last notch, then the understandable inclination is to leave any selfless consideration of the breed's...

And so another cycle opens, bringing all the usual dilemmas. To assist their resolution--albeit the exercise seldom fails to entail a degree of provocation, sometimes even offense--today we commence our annual quest for value among Kentucky stallions. This time round, value feels likely to prove quite elusive. With the middle market increasingly porous, stud fees overall are at a challenging level. If they were driven up by a long bull run in international bloodstock, that appears to be tapering away and there's evidently going to be quite a lag before...

After hearing from Chris McGrath in his 2024 Value Sires Part I, we thought we'd ask several breeders who they thought offered particularly good value this year. Here's what they said: Jody Huckabay The horses I have chosen are expensive, but I think they are good value. GOLD: Elite Power (Curlin--Broadway's Alibi, by Vindication), Juddmonte Farms, $50,000. The first horse I like for his body of work, race record, and pedigree is Elite Power. To me, he's on top of the list, with everything being considered. I look at it...