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Kingmambo's stud fee increases to $300,000
LEXINGTON, Ky. - Lane's End stallion Kingmambo will stand for $300,000 in 2005, putting him in company with fellow Lane's End sire A.P. Indy as North America's second most expensive stallions.
The highest-priced North American stallion is Storm Cat, who stands at Overbrook Farm for a $500,000 fee.
Kingmambo's 2005 fee is $75,000 more than the $225,000 he stood for this season. The 14-year-old horse, a son of Mr. Prospector and Miesque, is the sire of 2004 Group 1 winners Russian Rhythm, Rule of Law, and Divine Proportions. He also is the sire of 2004 Grade 3 winner Mambo Slew, among numerous other stakes winners and stakes-placed runners around the world this season.
Kingmambo has sired eight crops of racing age and has progeny earnings of more than $54.8 million. He is also the sire of three champions: Lemon Drop Kid, North America's champion older male in 2000; Russian Rhythm in Europe; and El Condor Pasa in Europe and Japan.
At auction, 263 Kingmambo yearlings from nine crops have averaged $343,234, with a $200,000 median.
Tattersalls' second session strong
The Tattersalls October 1 yearling sale, the four-day first part of Europe's largest yearling sale, continued in Newmarket, England, on Wednesday with strong selling in its second session. Overall, the session sold 132 yearlings for $31,645,908, resulting in an average price of $282,552 and a $224,280 median.
Charlie Gordon-Watson, agent, picked up the day's top lot, a $1,308,300 Galileo colt out of Group 1 winner Balisada, by Kris. Anthony Oppenheimer's Hascombe Stud, which sold a $1,401,750 Danehill colt at Tuesday's opener, sold the Galileo colt. Gordon-Watson represented Saeed Suhail, according to Tattersalls.
Coolmore representative Demi O'Byrne signed for the day's second most expensive lot, a $1,084,020 colt by Coolmore stallion Sadler's Wells and out of Sumoto, by Mtoto. Sold by Mr. and Mrs. Andrew Lloyd-Webber's Watership Down Stud, the colt is a half-brother to a pair of Group 1 winners, Compton Admiral and Summoner. The Sadler's Wells colt was one of nine purchases by Coolmore owner John Magnier.
The Tattersalls October 1 sale runs through Oct. 7. The second part of the auction, called October 2, will follow from Oct. 11-16. The two-part auction is a new format, combining the former Houghton select sale and the early portion of the former October yearling sale in October 1, and the former Autumn yearling sale in October 2.
Bonnie's Poker out of legal limbo
Bonnie's Poker has finally gotten her gold watch. The dam of champion and 1997 Kentucky Derby and Preakness winner Silver Charm has been part of a legal battle between owners William C. and Kris Jakeman and National City Bank in Lexington for two years. The Jakemans, who had filed for bankruptcy protection, had contended the 22-year-old mare was unfit for continued breeding. But National City Bank argued that Bonnie's Poker was still an asset worth $25,000 and should either be bred or sold to help pay off a bank loan.
Kris Jakeman said Wednesday that the two parties had reached a settlement, and with court approval of that settlement on Sept. 20, the Jakemans now own Bonnie's Poker free and clear.
"Bonnie's Poker will live out her life and will no longer be in commercial service," said Jakeman. "She will be the old, glamorous movie star that she deserves to be and is. We will continue to own her and act as her trustees."
Bonnie's Poker has a history of pregnancy complications, and Jakeman had feared that the mare would not survive if she were bred again.
Jakeman said she and her husband haven't decided yet whether to pension Bonnie's Poker in Kentucky, where the Old Friends retirement facility had offered the mare a place, or in Florida, where they live.
Jakeman added that she and her husband will no longer be involved in commercial breeding.
"There's just too much facing a small commercial breeder," she said. "The repository demands, the vet work, the disclosures, the sales companies and the agents - it's just too hard to be a commercial breeder anymore unless you are a big, big farm and can afford to keep the ones that don't sell or that get turned back to you.
"But we will continue to race and breed on a small, private scale."
Big yearling numbers in Maryland
When the yearling sale circuit went to Maryland on Monday and Tuesday for Fasig-Tipton Midlantic's Eastern fall yearling sale, the money went with it. The two-day auction continued the yearling season's strong selling, posting a Fasig-Tipton Midlantic record of $500,000 for its top price as well as sale records for average and median.
Led by the $500,000 Silver Deputy-Dreams of Glory colt that agent Mark Reid bought, the auction sold a total of 493 yearlings for a $10,791,500 gross, a record $21,889 average, and a record $12,000 median. The aggregate was up 27 percent from last year, when 456 lots sold, while average climbed 20 percent and median increased 26 percent.
Buybacks declined from 25 percent last year to 23 percent in 2004.
The record-breaking $500,000 colt came from Litz Bloodstock Services, agent.
Record sale-topper at Barretts
The Barretts October preferred yearling sale set a record for a sale-topper on Tuesday, but the overall average dipped slightly compared to the 2003 sale.
The Fog City Stable of Bill Bianco and David Shimmon paid $170,000 for Gemstone Meeting, a filly by General Meeting. Consigned by Golden Eagle Farm of Ramona, Calif., Gemstone Meeting is a full sister to Yearly Report, the winner of three stakes this year, including the Delaware Oaks. The purchase price was a record for the October sale.
Overall, 242 yearlings sold for $3,233,750, an average of $13,363. The median was $8,500. There were 51 horses withdrawn and 56 horses bought back.
The average price marked a 2 percent decline from 2003, while the median fell 10 percent.
Eight horses sold for $50,000 or more, while 12 sold for $40,000 or more. Last year, 16 horses sold for $40,000 or more, compared with eight in 2002.
The highest bid of the one-day sale was a buyback for $185,000 by Golden Eagle Farm of a General Meeting filly who is a full sister to the millionaire Excellent Meeting. She followed Gemstone Meeting through the sales ring.
Golden Eagle led all consignors, selling nine horses for $391,000.
- additional reporting by Steve Andersen