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Posts Tagged ‘Jereme’s Jet’

Jereme’s Jet is an example of a sire with good credentials and now some very solid performance statistics, who could not get a foothold as a commercial shuttling sire. His last season here was 2012, and he’s not likely to be back.

The reasons are mixed, and he is one of many sires who have found the challenges of shuttling too difficult. I will have a look at those challenges of shuttling in my next blog.

Jereme's Jet 2011 NZ

Jereme’s Jet at the NZ Alabar 2011 stallion parade – bookends of a big shoulder and a big bum.

Jereme’s Jet stood for 4 seasons in New Zealand for a $6,000 service fee. He is a lovely strong looking individual, with a big shoulder and bum – bookends – on a 15.2hh body, so he is compact but looked the type of sire that could produce speedy earlier types. I’ve seen him personally a couple of times at Alabar stallion parades.

His credentials are very good. His main selling point is his own speed – consistently fast – and he raced from 2yo to 4yo which gives more confidence of durability, toughness. So on type – very fast, compact, not big but built like a brick sh**house as we say – Alabar and the sire’s owners must have been hoping he would eventually fit the same siring mould as Bettor’s Delight.

On the so-so side of the equation, Jereme’s Jet’s maternal family is not that strong and certainly not well known here. His dam was an outstanding racehorse with Jereme’s Jet and his full brother Ohubetterbelieveit by far the best of her progeny to date. Back further, there is a solid family but nothing that really stands out.

Also Jereme’s Jet is a son of Western Hanover and, apart from Badlands Hanover who has build a very fine reputation here over 14 years, New Zealand has had little experience of the Western Hanover line, and some of those who have ventured here have not been successful at all (Red River Hanover, P Forty Seven). His best son Western Ideal has been available only as frozen semen and often at a high price, so has only had a handful of “boutique” foals here (from 15 foals now aged 2 and 3, he has had 5 starters for 3 winners). However Western Ideal’s son American Ideal is gaining in popularity each year and had the backing of the Woodlands Stud broodmare band to help him in those first awkward years when he got only around 70 or 80 mares – now he is regularly getting well over 100. Same for Western Ideal son Rocknroll Hanover who, after a very slow start (again due to frozen semen and high service fee) is now getting around 50 mares, still with frozen semen but at half the original asking price.

So overall, New Zealand has been more successful hunting ground for sires from the Artsplace line rather than sons of Western Hanover, and Western Ideal’s own sons are the main flag carriers of the Western Hanover line.

What’s interesting about Jereme’s Jet is that he hasn’t left many 2yo speedy types at all, if any. But his statistics get a lot better as his foals develop. In fact, they are impressive for a sire that had an average of less than $10,000 across both New Zealand yearling sales this year. At the Australasian sale (Karaka) he had just 5 yearlings for sale, with 3 selling (average $$5,500) and 2 passed in on vendor’s bid. One of those was Peter Fraser’s colt Lot 89 Campora which was bought back at $17,500 – it’s a full brother to Vapour who is now doing well in Australia.  At the Premier sale (Christchurch) there were 9 lots on offer. 6 sold (average $10,833) and 3 were passed in on vendor’s bid.

Let’s review Jereme’s Jet siring stats to date: (remembering the season is not over yet)

His current 2yos   43 live foals   3 starters (7%)   1 winner (2%)
His current 3yos   55 live foals   31 qualifiers (56%)  20 starters (36%)  12 winners (21%)
His current 4yos   87 live foals   54 qualifiers (62%)   45 starters (51%)  33 winners (37%)

Just to put this in context, here are the equivalent stats for American Ideal’s current 4yos born in New Zealand in 2009:
His current 4yos    61 live foals   32 qualifiers (52%)  25 starters (40%)  18 winners (29%)

And yet American Ideal has been given the time to establish his reputation, solidly. His annual numbers of mares is now well over 100. Whereas Jereme’s Jet is gone. And like Jereme’s Jet, American Ideal foals on type were perhaps expected to go earlier than they do. In reality, both sires are leaving foals that get better and stronger with time.

Just to put both those sires in perspective, Bettor’s Delight currently has 52% of his 2009 crop as winners. That shows both how remarkable he is as a sire, but also the increased opportunities for a sire with big books and quality mares. It is a hard market to crack.

Jereme's Jet filly

Lot 117 Karaka yearling sale 2014, the Jereme’s Jet filly sold to Adam Wilkinson for just $10,000

In terms of yearling sale prices, Jereme’s Jet was reasonable well received with his first crop at the 2011 sales, with several selling in the $15,000 to $40,000 range. The following couple of years show a slide so common in the first few years as sales buyers wait to see how the yearlings look, how the 2yos perform. So few buyers wait to see how the 4yos turn out. Those that do were rewarded at the yearling sales this year with some very astute buys of some very good looking Jereme’s Jet yearlings. The photo in this blog shows Adam Wilkinson’s purchase for just $10,000 at the Karaka sale – from a Soky’s Atom mare, the same cross as Whisper Jet ($60,000 from 15 starts, 4 wins to date).

So Jereme’s Jet moved very quickly into the breed-to-race-and-sell category, rather than a commercial “sales-type” sire. That probably suits the type of horse he is leaving. However his service fee couldn’t reflect that change without the owners obviously struggling to break even on the shuttle arrangement. His departure is a no-brainer in business terms, and judging by the relatively low fertility (hovering under 70% after his first season here) maybe the horse didn’t thrive on the demands of shuttling.

Helena Jet is, of course, his outstanding New Zealand representative today and embodies the qualities of the sire – she’s attractive, has character, and is strong – and yes, she is getting faster as she gets older.

It’s the consistency of his starters that I like. When I look through the race form book, I’m always interested to see the Jereme’s Jets. They usually don’t have a lot of starts but the formline reads well. For a small bettor like me, they are a great bet. I’ll do a squizz back sometime in the future and see how his stats are tracking when his youngest foals have reached the end of their 4yo season, here and in Australia.

So this is a tip o’ the hat to a sire that I really like and seriously considered.

Jereme’s Jet now stands at Ivy Lane Farm in Indiana at US$3000.

 

 

 

 

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