05/13/2013 3:12PM

Andrew Beyer: Orb's Kentucky Derby win another Phipps family success story

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Barbara D. Livingston
Dinny Phipps (left) and Stuart Janney III, cousins and the co-owners of Orb, enjoy victory in the Kentucky Derby.

The most famous names in American Thoroughbred racing used to be those of dynasties possessing fabulous wealth – the Phipps family, the Vanderbilts, the Whitneys, the Wideners, and others. They owned the best stallions and mares, bred and campaigned the best racehorses. They did not merely participate in the sport; they ran it. The elites were members of the Jockey Club, the organization that ruled racing, often in a high-handed fashion.

Over the years, the aristocratic families have faded from prominence and Thoroughbred racing has become democratized. It no longer operates like a private club; anyone with enough money can play the game. But when Orb won the Kentucky Derby, giving the Phipps family its first victory ever in America’s most famous race, the colt’s success was a reminder of what the dynasties contributed to the breed.

[2013 PREAKNESS STAKES: Latest news, video, and more]

The family’s saga began in Pittsburgh, where Henry Phipps, the son of an immigrant cobbler, grew up next door to Andrew Carnegie, the son of a weaver; they would be friends for life. When Carnegie invested $800 to buy a forge, he gave Phipps a half-interest to keep the books and manage the finances of the business that became Carnegie Steel and, later, U.S. Steel. Phipps established a rich trust for his five children. Today the Bessemer Trust manages not only the Phipps fortune but more than $60 billion for other wealthy families.

Henry’s son married the well-born Gladys Mills, who founded the Phipps racing stable in 1926. She bred and raced Bold Ruler, who won the 1957 Preakness and, after he went to stud at Kentucky’s Claiborne Farm, left an enduring stamp on the American Thoroughbred, siring 11 champions, including Secretariat. (The family would have owned the legendary Triple Crown winner but for the outcome of a famous coin flip that was depicted in the movie “Secretariat.”)

Other families’ great racing and breeding operations withered over the years – weakened either by inheritance taxes or a lack of heirs, at least ones who were interested in the sport. But the Phippses  passed the torch from generation to generation. Gladys’s son Ogden became one of the country’s leading owners. Great champions such as Buckpasser and Easy Goer carried his colors – the stateliest in the sport, black silks with a cherry cap. The embodiment of patrician rectitude, he became chairman of the Jockey Club.

His son, Ogden Mills (Dinny) Phipps, who co-owns Orb with his cousin Stuart Janney III, loved the sport since childhood and, he too, succeeded to the chairmanship of the Jockey Club. His children share the passion. When Dinny was sick for a period, his daughter Daisy ran the stable. “Maybe [other families] haven’t had children with the DNA that makes them want to continue,” said Dinny. “But racing is something very important to my family.”

Continuity matters to the Phippses because its racing operation is based on long-term planning. The family believes that the thrill and the challenge of the sport is to breed horses and race the ones it breeds. It doesn’t buy youngsters at yearling sales. It doesn’t try to identify young prospects in other stables and buy them (as, say, the sheikhs of Dubai do). Nor does it run a massive operation like the sheikhs. In recent years Dinny Phipps has owned about 20 mares, plus their offspring. “They are the bedrock of our stable,” Phipps said. “We love our fillies.”

The goal is to find mares and develop female lines that will make an impact over decades. Ogden Phipps in 1970 bought an Argentine mare, Dorine, who produced a filly named Grecian Banner. She was not a notable runner, but she produced two major stakes winners, one of them Personal Ensign, the unbeaten filly champion who is enshrined in the Racing Hall of Fame. When Personal Ensign was retired, she went on to become one of the all-time great broodmares, producing four major stakes winners including the filly My Flag, who in turn foaled the 2002 champion 2-year-old filly, Storm Flag Flying, who is now part of the broodmare band. The lineage could keep producing good horses for generations to come. 

In order to maintain a small, select operation, Phipps will unsentimentally cull horses and mares who are underperformers. He is undaunted by the memory of the family’s decision in 1936 to sell a small, disappointing colt named Seabiscuit, who went on to become a racing legend.

[2013 PREAKNESS FIELD: Probable starters and early odds]

Phipps and Janney own a few mares jointly and one of them, Lady Liberty, provoked a disagreement between the cousins. Phipps wanted to sell her. “She was, in my estimation, not a great mare,” he said. “Her first two or three foals had not been much.” Janney disagreed and made a case for breeding the mare to the stallion Malibu Moon. Seth Hancock, president of Claiborne Farm, where the family’s mares reside, sided with Janney. The son of Malibu and Lady Liberty was named Orb.

Operations like the Phipps’s have become rare, not only because other racing dynasties have disappeared but also because the dynamics of the Thoroughbred industry have changed. Since the 1970s the business has been increasingly dominated by commercial breeders who sell their horses at auction, usually at yearling sales.

The sellers may be more concerned about breeding an animal with a pedigree that looks good on a catalog page than one who will be sound and durable over the long run. They prefer to breed horses who will be fast and precocious, because they know most buyers want to get a quick return on their investment. These preferences have surely contributed to the decreasing durability and stamina of modern American Thoroughbreds.

In the modern day, it’s unfashionable to breed horses who lack speed and need time to develop – horses such as Orb. The Phippses are willing to wait. Indeed, they waited since 1928 – the year of Gladys Mills Phipps’s first venture to Churchill Downs – to win the Derby.    
© 2013, The Washington Post 

Patrick Toal More than 1 year ago
Will the racing gods really let a horse with such terrible 2yr old form and speed figs win the Triple Crown? The last 3 TC winners were 2 yr old champs.
George Sudduth More than 1 year ago
I don't know of the poetry but the history seems right on..................my dad knew 'Bull' Hancock and my folks used to call me Sunny Jim when I was in trouble as a kid........don't know when I finally realized what they were referring to but in my 'punting' experience it seems as though when the horses who went up against this horse last have mostly defected that it presents good reasoning that they they want to save their horses and feel as though they can't win. May be a tough bet because it seems to me he'll be 1/5 at post time.....separating the second placers may be key and using the author's speed numbers with my own probably will be an exacta box with Orb, Goldencents & itsmyluckyday
Rocky More than 1 year ago
Let's see: they had Sea Biscut and sold him .,had the Secratary and lost him in a poor choice coin flip . Don't take stock market advice from these guys. Of course the Bessemer furnice was a winner all the way. Just kidding. Good luck to the connections. I had Orb to win for 12.80 . I think I'll just parlay it.$128.00 on the nose. PS I once mde a parlay with my last $5.00 on Mongo at Aquaduct and Kelso at Deleware. Paid about 6.00 and 8.00. Yes I'm 71 years old. I think it was 1965??? My last bet with bookie.His name was Slush. What a great name for a bookie!
George Sudduth More than 1 year ago
sounds like a good bet
Rafael Acosta More than 1 year ago
Why do we worship the privileged? A better story was to see P. Val schooling Pat Day and Easy Goer in the Preakness. Now thats Art.
Rafael Acosta More than 1 year ago
They are going to need to wait a lot longer for a Crown!!
George Sudduth More than 1 year ago
bet ya
Mark Beedle More than 1 year ago
adfa
Meydan Rocks More than 1 year ago
The subject matter of this very informative article, is almost a “cousin” to the age old “Art versus Commerce” argument, which incidentally, has raged on through the annals of time. The sway/allure of profit versus staying “true” to whatever “the principles/tenets” of the endeavor in question is. Business people/patrons/art benefactors regularly remind the “true artist” not to forsake profit for the sake of pure art. Bluntly put, the word “business” is longer than “art” (the word). In this case the word “business” is longer than the word “horse”. Some will “succumb” to profit from sheer necessity (imagine that!) and others (with shallower pockets) will try to stay the course. It will be a toss-up if they survive. Finally, there will be a small minority like the subjects of this article who are blessed with family fortune who will stay the course of the “true artist”. In jaded times, the true artist occasionally rises and blesses us all with the fruits of their labor. Hopefully, Orb will be such a testament of the “artistic” side of horse racing.
Thomas Cook More than 1 year ago
Way too poetic for my dumb hick mentality.
Rafael Acosta More than 1 year ago
Your Tom, you are to dumb, LoL
Thomas Cook More than 1 year ago
It's you're not your. And too not to. And most who actually type LOL are in the juvenile stage of life as your incoherent babblings suggest. Did Shug or maybe myself from a past job fire you as a hot walker for such behavior around the barn. You seem like the jealous type. Here's a clue. Shug Hall of Fame. Thomas assistant to another HOF. Raphy bitter towards successful, classy horseman. Grow up. Learn some manners. Pay your dues. Be humble. Respect your elders in this business and in life. Thank the founding families of racing and their horses. Or just get lost.
Bruce Epstein More than 1 year ago
Love Andy's work and all his writing. Live by his speed figs and they treat me well. Surprised Andy gave no mention of Dinny's rule at NRYA. I guess he did not want to mention a horrible time at NRYA due to Dinny and his lack of ability in managing a great franchise.
Bill Opalka More than 1 year ago
That's slightly off-topic on what's essentially a breeding story. There's time before the Belmont, I suppose, if Orb is a Crown candidate. Wonder if we'll hear over the next month about Fink, Dreyfus and the sordid history of the Jockey Club as well.
Jeff Van-y More than 1 year ago
great story and i agree with the way the racing community has gone by the wayward. i am really disappointed to know that most of the blood lines have been sold to over seas buyers. we need to keep our derby winners in house to help the american breeding survive the long hall. we are not far off from having an outsider from winning the kentucky derby then the triple crown will fall not so far from that. i understand the money thing but really is it all worth the price of american racing.
Reza More than 1 year ago
9 horses means the trainers are scared to death of this horse. He might win by 10, but in the Belmont we will probably see a Insider Information type performance.
Reza More than 1 year ago
Inside not insider lol wins by 25
CassSpeaks More than 1 year ago
More likely they're scared to death of running their horse(s) back so soon. It is not the done thing nowadays.