Pedigree Query

What makes a K-P-B standout and auspicious sire hopelessly drain the patience of their syndicate so that they send him to "another" state rightaway after only a couple of tries (seasons)?

Jorge wrote:What makes a K-P-B standout and auspicious sire hopelessly drain the patience of their syndicate so that they send him to "another" state rightaway after only a couple of tries (seasons)?

Lack of mares being booked to them at a reasonably good fee.

It's not the stallion owners losing faith, it's the mare owners not booking to the stallion who are losing faith.

The stallion owners are just reacting to the marketplace.

Good point Hold Your Peace. Why that?
Thank you so much for your valuable opinion.

Other opinions from our readers?

One is how many payed stud fee's the syndicate owners are getting.

Another is lack of syndicate owners actually breeding their own mares to the stallions they own shares in.

And the major one is how some of these farms rape syndicate owners.

I had a client call me one time wanting to give away 3 shares in a decent old hard - knocking stallion. He was up in age but still was standing for $6500 if I remember right. This was a 40 share syndicate that was getting charged about $4,000 a year per share for care, stallion promotion and advertising plus the farm was taking a huge cut of every paid stud fee, those 3 shares were costing him $12,000 a year, he offered them for sale to the other syndicate members and there was nary an offer for them.

Jorge I would guess you are referring to Smarty Jones....the commercial market has no tolerance for stallions that do not sire "the big horse". Although SJ has been getting decent runners he has not had a "big horse". Also almost everyone that paid $100k to breed to him lost money on the venture, so they are unlikely to breed to him again at any price.

If you are not referring to SJ then I would say it is the unforgiving marketplace - what have you done for me today with no memory of yesterday. Mare owners that breed for the commercial market have short memories.

Da Hossman,

Several horses may qualify. Hmmm, your point on allegedly paying too much fees that later provoke, lets call it "resentment" is a very important ingredient that kicks back. I haven't thought about that. Your point is very pertinent, more over when then your own people may be "sawing your own sequoia". There is another less-conspicuous reason for not wanting to price your stallion too steep. Hmmm, again, haven't thought on that one. This dictum applies to any horse!

da hossman wrote:If you are not referring to SJ then I would say it is the unforgiving marketplace - what have you done for me today with no memory of yesterday. Mare owners that breed for the commercial market have short memories.

It's definitely an unforgiving marketplace but I think it's often the buyers that have short memories. And the mare owners are trying to give them what they want (or will want in two and a half years. )

I find that stallions who stand at their owners farm seem to be given a longer term opportunity then those who are syndicated. People (SOME) used to buy shares in stallions to make money and when they could not they wanted out like it was a share of stock. The market gives up on them because of supply and demand.

LB maybe you're right in that the buyers' actions determine the mare owners' actions - their decisions on which stallions to use. Same result.

Tap makes a good point that stallion share speculators were once fairly common, but now there are few if any - and no one syndicating a stallion wants shareholders that are not breeders.