Exchange Rate Fee

Tesio · Postby **Tesio** » Wed Oct 03, 2007 10:33 am

I hear Three Chimney's has settled upon his fee - $25k.

Fair price? Worth sending a mare or two? He could be the best son of Danzig at stud in the US today?

Any thoughts?

Maven · Postby **Maven** » Wed Oct 03, 2007 10:41 am

I have 3 Exchange Rate fillies. One is useless on the track, the other is "ok" and the third hasn't started yet but I think she'll be the best.

I like him and was happily surprised to see him succeed as much as he has. BUT, from following them closely having been so invested in him, I'm starting to see a trend of one or two big races in them, and then they just tail off.

25k is probably a fair price but I'll have to look at his sales numbers. He should make a good broodmare sire though with those bloodlines and family, and I certainly haven't been shying away from his daughters.

Tesio · Postby **Tesio** » Wed Oct 03, 2007 10:46 am

Would you go to Langfuhr or Exchange Rate at the same fee?

madelyn · Postby **madelyn** » Wed Oct 03, 2007 10:50 am

IMHO, for breed to race, Langfuhr. For breed to sell, Exchange Rate. But you better have a $75-100K mare.

Maven · Postby **Maven** » Wed Oct 03, 2007 10:53 am

The Exchange Rates are more attractive horses but if I was breeding to race, I would look at the cross closely. I'm not sure Exchange rate is a more consistent sire than Langfuhr.

I should also mention I tend to lean toward stallions who have an "open" pedigree when I breed to race so I can better utilize a filly if I were to get one. Langfuhr is much more open than Exchange Rate on pedigree.

But again, I like them both enough to look at the cross individually for a breed to race. A sales horse, no brainer, Exchange Rate.

Playwithfire · Postby **Playwithfire** » Wed Oct 03, 2007 12:40 pm

As far as breed to race, Exchange Rate generallys seems to have the statistical edge, but Langfuhr gives you the better shot at the "home run". Exchange rate has a tremendous AEI vs. CI rate, like 2.3 vs. 1.3 or close to that, Langfuhr's has a ratio just above 1 (still very good).

Langfuhr has already proven in 7 crops to be able to get a "big" horse siring 5 millionaires so far (more than Grand Slam, Maria's Mon or Mr. Greeley). While younger, Exchange rate has similar % stakes horses, but a much higher 2 year old win % rate. They have similar average and median earnings per starter.

A lot to like about each of these sires.

jacksontyger · Postby **jacksontyger** » Wed Oct 03, 2007 3:47 pm

I like Exchange Rate. I have seen some at the sales I like but have not been impressed with their sales prices. Last year and even this year they have averaged less than 30K. I am thinking about breeding a mare to him that has been accepted but his sales figures could be much better. I would have thought the racing success that triggered the move from Florida to Kentucky would have improved his sales figures but I have not seen much evidence of that so far. $45K average at Keeneland at $25K stud fee does not make it easy for profit. I know he will get better mares in theory but you better have a strong mare to make the numbers work in breeding to sale. JT