It is hard enough to breed for yearling sales, and even harder when the time gap between decision making and bid is about 2.5 years apart – a timespan when trends change, reputations are made or lost, freak 2yos appear or not, and stakes can encourage or totally turn off buyers.
Add into that volatile mix the situation where the sire of the horse you breed suddenly vanishes from the scene.
Oh oh.
The sires that have been affected by change of situation recently include three from Alabar – Jereme’s Jet, Santanna Blue Chip and Real Desire – and Shark Gesture, Stonebridge Regal, Rob Roy Mattgregor, Four Starzzz Shark.
The reasons for their absence is varied but the affect on the breeder of having a sire not currently available when the yearling is being sold – well, that’s a major hurdle.
Alabar in particular committed to advertising support this time around, and that was a very helpful gesture. The fact remains: absence doesn’t make the heart grow fonder. It makes horses less desirable because at a very basic level there is a perception that “he didn’t work out as a sire here”.
The best result for the vendor then depends on individual outstanding types and really strong families. In my own case, I got a stunning price for my Real Desire colt, far and away beyond what other very nice Real Desires I saw at Karaka and Christchurch got. He was a beautiful type of yearling, but not so incredibly far ahead of some others by the same sire – I was really impressed by ones like Goforjack from the very good mare Laurent Perrier, for example, but he struggled to get a bid at $14,000.
The averages for Real Desire yearlings were skewed by the $84,000 for one sale, so better to look at each sale separately. At Karaka 4 sold and 3 were bought back, for an average sale price of $26,500, but if you take out the top lot, the average was just $7,333. At Christchurch he had 15 yearlings sold and 9 bought back, for an average of $14,033. All the Karaka lots that were bought back or passed in without a bid were fillies, and the fillies at Christchurch also struggled to get decent bids.
Look at the length of body in Real Desire’s progeny; it’s something Real Desire often stamps, along with legs that reach. His record is good, from a career that means there is a lack of young racing stock at the moment. He had 152 live foals in 2008, was absent the next year, 51 live foals in 2010, 37 in 2011, and these yearlings were from his biggest crop of 159 live foals in 2012, when the performance of his earlier foals encouraged breeders to go again. He was missing again last year and I doubt he will be back unless these yearlings jump out of their skins.
I asked around quite a few buyers, trainers and breeders what it was about Real Desires that put people off, what the problem was. And the answer was never specific – often along the lines of “I don’t see anything wrong with them myself but a lot of people don’t like them.” Nothing tangible. In fact a lot of them spoke favourable about specific Real Desires they knew or had trained.
On type, I really liked what I saw of the Shark Gestures. They look bigger, bolder types that could need time, but wow they looked strong and handsome. What a horse he was, from a juvenile to older racehorse! And a strong pedigree. Now he is based in Ohio, but the one year he was available via Wai Eyre Farm was an opportunity missed by many, and I believe those breeders who took that opportunity were hard done by at the yearling sales. I will follow them with interest.
Jereme’s Jet is another matter, and I will delve into that over the next month. Like many (when I saw his big bum and strong but more compact body) I thought he might be leaving those early sprinty types. He’s not really, but his statistics are showing something really interesting. More on that later. Suffice to say, there were several Jereme’s Jets who really caught my eye and some astute buyers got them cheap.
I have also covered Santanna Blue Chip previously so won’t go over that ground except to say that his 5 yearlings for sale across both North Island and South Island yearling sales went for $3000-$11,000, including one passed in on vendor’s bid. And yet he is a sire that stamps an attractive athleticism on his foals, but perhaps not the strong bold look some buyers are wanting.
Below are some photos of the yearlings by Real Desire and by Shark Gesture, who was here one minute, gone the next.
In all cases, I did not inspect the yearlings so there may have been reasons why the prices were so low, other than the commercial appeal of the sire himself – but many of these sires struggled to attract competitive buying interest in the ring, in spite of looking the part.
I think that is a huge shame, the often the vendor is not getting a price the individual yearling deserves. And if that individual is a filly, of course that immediately reduces the value as the sire’s ability to produce good race fillies is one big question mark. Having said that, it is interesting to see the prices paid for bold types, like a couple of the Shark Gesture fillies, held up relatively well.
Photos below of some Real Desire, Shark Gesture and Santanna Blue Chip yearlings.
Some of the Real Desire yearlings at the 2014 sales:
LOT 111 Christchurch, Real Desire colt from the wonderful Twice As Hot/Twice As Good family – he was bought back as a vendor bid for just $11,000 after not meeting the reserve.
Lot 123, Christchurch, a Real Desire colt from All My Art, the dam of Ohoka Nevada, et al. He was bought for $6000.
Lot 313 Christchurch, Goforjack Real Desire colt from the lovely broodmare Laurent Perrier, the dam of the great Lancome. He was bought for just $14,000.
Some of the Shark Gestures:
Lot 99 Christchurch, Shark Gesture colt bought for $8000
Lot 191 Christchurch, Shark Gesture filly from Holmes Hanover mare Electrify, dam of Lochinvar, was sold for just $3000.
Lot 102 Christchurch, a lovely Shark Gesture filly from an In the Pocket mare, sold for $11,500
One of the Santanna Blue Chip yearlings:
Lot 95 at Karaka, Santanna Blue Chip filly from Erinyes bought back at $6000
Lot 109 Christchurch, Santanna Blue Chip colt from Dream Bel family
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