What Will The Fees Be?

[LB]

Will Congrats fee raise above $25k? He's doing exceptionally well with his first crop.

His 2011 fee is going to depend, in part, on whether he stays in Florida or not. The cap is lower there than it would be in Kentucky, for example. But whether his connections want him in KY (where his full brother already stands) is another issue. I'm sure his fee will rise, but 25K especially where he currently stands, seems a little steep.

[BargainBlueblood]

[quote="dublino"][quote="Georgerz"]Will Congrats fee raise above $25k? He's doing exceptionally well with his first crop.[/quote]

2 graded stakes winners from 100 foals = 2% truely exceptional
17 winners from 46 runners. 17% winners to foals.
So a rise from $4,500 to $25,000 is warranted?[/quote]

Congrats is a first-crop sire, which means most of his runners are just at the very start of their careers, making the "2% graded winners" statistic completely and utterly irrelevant in comparison to seasoned stallions whose progeny have had a full career to win a graded stakes race (or not).

[dublino]

Congrats is a first-crop sire, which means most of his runners are just at the very start of their careers, making the "2% graded winners" statistic completely and utterly irrelevant in comparison to seasoned stallions whose progeny have had a full career to win a graded stakes race (or not).

But its a fact he has only 2% graded stakes winners yes?

[BargainBlueblood]

Yes, and that's a pretty good number for a horse whose progeny have been running for only six months. Your initial eye-roll and sarcastic use of "exceptional" to disparage this horse seems to be based on an erroneous assumption that statistical data for a first-crop sire are comparable to statistical data for veteran stallions.

[dublino]

Yes, and that's a pretty good number for a horse whose progeny have been running for only six months. Your initial eye-roll and sarcastic use of "exceptional" to disparage this horse seems to be based on an erroneous assumption that statistical data for a first-crop sire are comparable to statistical data for veteran stallions.

Says who? Your mind?

I was pointing out that a fee jump from $4,500 to $25,000 for a stallion who is a first season sire, who got 2% graded stakes horses to foals didn't merit that increase in any particular climate let alone this one.

Speaking of erroneous assumptions......... nevermind

[madelyn]

Well especially not in Florida.

I wonder if the poster was thinking of another stallion who might have been $25K last season?

[oliverstoned]

I feel Florida can support a 20k stallion, not long ago Montbrook was at that level. Other regional markets such as California and Maryland have been able to stand stallions at that level as well. Congrats is not a 25k stallion though......not yet.

[LB]

I feel Florida can support a 20k stallion, not long ago Montbrook was at that level. Other regional markets such as California and Maryland have been able to stand stallions at that level as well. Congrats is not a 25k stallion though......not yet.

Stud fees everywhere have dropped precipitously since the days when Montbrook stood for 20k however.

[Fireslam]

If Congrats does no more this year, I feel he can be a $10-12,5 stallion. Im not sure, at this particular point in time, that Florida can support a horse like that with 100 mares. A couple of years ago, sure. Now? I dont know. Number of mares in the state is dropping like a rock.

[oliverstoned]

Fireslam I think it was you that told me on another thread (read it later in Florida Horse Magazine too) that Congrats owner was sending 20-30 mares down from Ky to go to him in 2011, so he's not going anywhere yet. I too think he'll be 10-12.5 in 2011. Wildcat Heir stayed quite busy in FL at that level last year so I expect Congrats will as well. How about With Distinction and Pomeroy though, any guesses on their fees?

[Derby2004]

with Wickedly Perfect now out for the year, I see Congrats at 10, maybe. She was numero uno and a good running in the BC wouldve either sent him packing to Ky or at least 15k. But not now. With Distinction is about where he needs to be as is Pomeroy. I dont see any increases for them

[Fireslam]

Congrats has 3 grade 1 horses in his first crop, that is enough to bump him to 10-12,5. I dont see Pomeroy or With Distinction moving on price. In fact I think they will be "dealable" at less. Neither one has done anything to do other but stay the same, or even drop.

Congrat's owner did move mares to Florida in order to support him. So I guess it wouldnt be very cost effective to move Congrats and those mares back to KY. He can be a Really Big Fish in Ocala. He gets a good sales horse, too.

It is such a different market right now. I really think things are much worse than the media would let you know (Thoroughbred wise). Other than the top, the middle and bottom are disappearing. I really can't wait to see the ROMB for this year.

[LB]

I really can't wait to see the ROMB for this year.

I was just thinking the same thing. Surely the JC has the data to make it available by now.

[Fireslam]

Seems its been online in the past by Oct. 15. Hopefully any day now.

edit: Just called the JC, said it will be on the website on the 21st.

[BargainBlueblood]

That seems really late for ROMB, but maybe it's just my memory that's off.