11/08/2011 2:22PM

Three Chimneys raises Point Given's stud fee to $20,000

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LEXINGTON, Ky. – Three Chimneys has announced it will raise 2001 Horse of the Year Point Given’s stud fee from $7,500 to $20,000 for the 2012 breeding season, a move that comes after an unidentified private investor committed 25 classy mares to him.

“The son of Thunder Gulch is poised to enjoy an increase in the quality of mares that will be bred to him, thanks in part to the commitment of 25 top-quality mares, including a number of stakes and graded stakes winners and producers, by a private investor,” according to a Three Chimneys release issued Tuesday.

Point Given is the sire of 2007 Canadian Horse of the Year Sealy Hill, 2009 Canadian champion grass mare Points of Grace, and American Grade 1 winners Coil and Go Between.

The 13-year-old horse is the only stallion on the Three Chimneys roster who will get a fee hike next year. The Midway, Ky., farm is lowering fees for four of its other sires: dual classic winner Big Brown goes from $40,000 to $35,000, War Chant falls from $12,500 to $10,000, Flower Alley’s fee drops from $10,000 to $7,500, and Lewis Michael goes from $5,000 to $3,000.

Dynaformer remains the farm’s most expensive horse at $150,000, the same as his 2011 fee. Also unchanged for the coming season are Exchange Rate, $25,000; Red Giant, $6,000; Sky Mesa, $30,000; and Yes It’s True, $15,000.

Big Brown, Lewis Michael, and Red Giant all will have their first runners in 2012.