Recession in the breeding industry?

[Tappiano]

Not according to Taylor Made who set Eskendereya's fee at 30K.

[madelyn]

They're starting their own stimulus program.

Or maybe it is because they expect only one-third as many mares as in a better economy, so instead of $10K it will have to be $30K a jump. It is going to be interesting to see how many actual paid contracts they get for him at that fee.

[LB]

I guess I'm glad that someone is announcing something, even if I don't like what I'm hearing.

[Fireslam]

Well, asking and getting are 2 different things. Makes you wonder if they are announcing that fee to keep the value high, but will be negotiable to good mares. I thought he could be $25K, but $30 seems a bit of a reach, if only because of these times we're in now.

[Tappiano]

Where's Byron when we need him to chime in on TM stallions

[chicago78]

They'll probably get a lot of mares at $30K. First Samurai has stood for $30K or better his whole career, and this horse would compare at least equally to him. Eskendereya is a gorgeous horse, he ran the best races at least on a speed figure number of any three year old all year, and his pedigree is very strong. We probably aren't going to breed to him, but I don't think the fee is high at all.

Even though there is a slump in the breeding industry, not every horse is overpriced, as is often implied. There will probably be a number horses retiring this year in the $25-50 range, including Quality Road, Gio Ponte, and maybe Lookin at Lucky if he retires after this year. Super Saver will likely be a bit lower, probably $20K, which would be attractive based on the strength of his female family.

[Tappiano]

But for most breeders why spend that on something unproven if you can get proven or close to it for less? That is just a question, everyone has a different opinion.

I took my almost free mare to a free season but for next year unless I get another close to free season it's going to be to a more proven sire for a lot less than 30K. I'd rather buy a new car with that kind of money

[LB]

They'll probably get a lot of mares at $30K. First Samurai has stood for $30K or better his whole career, and this horse would compare at least equally to him. Eskendereya is a gorgeous horse, he ran the best races at least on a speed figure number of any three year old all year, and his pedigree is very strong. We probably aren't going to breed to him, but I don't think the fee is high at all.

First Samurai started his career at stud before the market crashed and buyers and breeders turned away from the unproven. Big difference. (Fwiw, FS stood his first two years at 40k, not 30.)

[chicago78]

First Samurai was still standing for $30K in his 4th year at stud this year, and I'm sure that was a good comp when pricing Eskendereya. I actually had thought they may have gone higher with the horse, fwiw.

[kimberley mine]

:lol: They're starting their own stimulus program.

Madelyn you have a DIRTY MIND.

[da hossman]

I was stunned at this announced stud fee - E did his running early in the year and was a very good horse, but he did not make the classics or BC. He is somewhat forgotten and probably would never have beaten Lookin At Lucky. The industry is down, way down and TMade prices E at $30k?

When the bidding for E was going on most competitors based their bids on stud fees of $20 or $25k - TMade outbid them all and will now ramrod their clients into the horse, although they may offer "special deals" at $25k. It will not be the first time they have overpriced a horse and made their in-house clients pay for it.

The comparison with First Samurai is somewhat valid but wasn't FS the Champion 2 yo? That gives him quite a bit more value than E, and as everyone has said, the current market is vastly different from FS's first year.

IMO Eskendereya should be $20k.

[LB]

It will be interesting to see how easy a time they have filling his book. Most of the people I know who had him on their radar before the fee was announced, no longer do. But as da hossman pointed out, the in-house mares can probably cover any shortfall.

[Tappiano]

Ooops I meant to post this here!

Interesting article in TDN, the second part of Rob Whitely's editorial on stud farms and at the end he lists what some of the stallions fees should be (hypothetically speaking) in order to give the breeder a 50% chance of making a profit at the sales. This is based solely on one years worth of sales and looking at the average but on his list there are only 15 stallions who would warrant 30K and above.

And if you want to compare him to First Samurai, he was ranked 24th with a stud fee of 15K.

All clearly hypothetical but kudos to him for taking the time to do the research and for not being afraid to say what he thinks...and backing it up with something other than hype.