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View Full Version : Stellar Wind Sold $6,000,000


SandyW
11-07-2017, 03:45 PM
Steller Wind just sold for $6,000,000 at Keeneland Breeding Stock Sale.
New owner M.V. Magnor, will breed her to American Pharoah.

onefast99
11-07-2017, 03:57 PM
Steller Wind just sold for $6,000,000 at Keeneland Breeding Stock Sale.
New owner M.V. Magnor, will breed her to American Pharoah.

a lot more big numbers to come...

cj
11-07-2017, 04:11 PM
a lot more big numbers to come...

Will be tough to top Tepin and Songbird from last night.

Tom
11-07-2017, 04:19 PM
OK, name the foal....

Desert Wind
Steller American
Pharoah's Wind :eek:

classhandicapper
11-07-2017, 04:28 PM
I was just discussing these prices with some friends. It seems to me like it's probably pretty tough to recover investments like these and make money if you are selling the foals.

How many babies will the typical mare have?

How much will you get per foal on average?

What are the operating costs?

What is the opportunity cost of having that money tied up in a horse that will eventually pass away when it could be in another business that's still very valuable and growing at that same point in time?

It seems like you'd have be getting a ton of money per foal to both recover the initial outlay and make some kind of decent return on your investment.

If you are into it just for the fun, that's one thing. But it seems like a tough business.

Lafecs
11-07-2017, 05:48 PM
I was just discussing these prices with some friends. It seems to me like it's probably pretty tough to recover investments like these and make money if you are selling the foals.

How many babies will the typical mare have?

How much will you get per foal on average?

What are the operating costs?

What is the opportunity cost of having that money tied up in a horse that will eventually pass away when it could be in another business that's still very valuable and growing at that same point in time?

It seems like you'd have be getting a ton of money per foal to both recover the initial outlay and make some kind of decent return on your investment.

If you are into it just for the fun, that's one thing. But it seems like a tough business.

The people who drop this kind of money on a horse are not hurting for cash, iím pretty sure

classhandicapper
11-07-2017, 05:51 PM
The people who drop this kind of money on a horse are not hurting for cash, iím pretty sure

No doubt, but you usually don't get rich if you tend to throw it away either. ;)

I don't know all the math behind it. It just seems tough.

Afleet
11-07-2017, 06:01 PM
Steller Wind just sold for $6,000,000 at Keeneland Breeding Stock Sale.
New owner M.V. Magnor, will breed her to American Pharoah.


Kee will probably have to re-raise the take

Afleet
11-07-2017, 06:03 PM
OK, name the foal....

Desert Wind
Steller American
Pharoah's Wind :eek:

the Green Monkeys sis

Lafecs
11-07-2017, 06:12 PM
No doubt, but you usually don't get rich if you tend to throw it away either. ;)

I don't know all the math behind it. It just seems tough.

Itís probably not the WORST investment they could make. Small chance of making a lot of money, small chance of losing a lot of money, good chance of breaking even while enjoying the game at the top level

stuball
11-07-2017, 06:33 PM
DRY HEAT

Fager Fan
11-08-2017, 07:05 AM
I was just discussing these prices with some friends. It seems to me like it's probably pretty tough to recover investments like these and make money if you are selling the foals.

How many babies will the typical mare have?

How much will you get per foal on average?

What are the operating costs?

What is the opportunity cost of having that money tied up in a horse that will eventually pass away when it could be in another business that's still very valuable and growing at that same point in time?

It seems like you'd have be getting a ton of money per foal to both recover the initial outlay and make some kind of decent return on your investment.

If you are into it just for the fun, that's one thing. But it seems like a tough business.

It is. But it's tough to buy mares of this quality. Usually they've landed in hands of owners who will keep them to breed, so going through the ring at the conclusion of their racing career is somewhat unusual. So the prices we saw from the sale of several top mates was the result of their rarity and also a strong bloodstock market. You're right that it doesn't make a lot of financial sense, because more than pedigree is required to end up with 3-5 foals who bring millions each to recoup the initial purchase price. However, if one ends up like Serena's Song, and her offspring are also good producers, then it was worth these high initial prices as you have a rare breeding dynasty.

The buyers all have the money to take this high risk/high reward gamble.

Redboard
11-08-2017, 01:38 PM
Blows my mind how much people will pay. I believe Better Than Honour has the record for the highest price ever paid for a broodmare, sold in 2008 for $14 million. At the time she was a 12-year-old tested broodmare having foaled several graded stakes winners, including: Jazil, Rags To Riches & Casino Drive. She has not produced a winner since being sold and has not produced a live foal since 2013.

jocko699
11-10-2017, 05:47 PM
the Green Monkeys sis

Nicely played Afleet!!!!

Fager Fan
11-10-2017, 11:32 PM
It's so weird that there are 2 threads about Stellar Wind's sale. Did people somehow miss Tepin going for $8m just after Songbird flirted with the world record at $9.5m?

partnerships
11-12-2017, 09:24 AM
this guy will get his money back plus some within 3-4 years.

Mares can be bred even into their early 20's if alive but usually last breedings occur at 17-18 sometimes a year or two sooner.

That foal sold from it's first breeding will be 2 years out but if it does not have a crooked leg it will sell for a couple million at least and to more will sell before it ever hits the track.

http://www.paceadvantage.com/forum/showthread.php?t=141463&page=2

read the last post in this thread about another mare who sold in this auction and what her offspring brought

JustRalph
11-12-2017, 05:48 PM
this guy will get his money back plus some within 3-4 years.

Mares can be bred even into their early 20's if alive but usually last breedings occur at 17-18 sometimes a year or two sooner.

That foal sold from it's first breeding will be 2 years out but if it does not have a crooked leg it will sell for a couple million at least and to more will sell before it ever hits the track.

http://www.paceadvantage.com/forum/showthread.php?t=141463&page=2

read the last post in this thread about another mare who sold in this auction and what her offspring brought

"If alive" :lol::lol:

davew
11-12-2017, 06:27 PM
I wonder if tax laws could change this market? 1031 exchange probably defers many taxes forever for those in this game.

Fager Fan
11-13-2017, 12:29 PM
this guy will get his money back plus some within 3-4 years.

Mares can be bred even into their early 20's if alive but usually last breedings occur at 17-18 sometimes a year or two sooner.

That foal sold from it's first breeding will be 2 years out but if it does not have a crooked leg it will sell for a couple million at least and to more will sell before it ever hits the track.

http://www.paceadvantage.com/forum/showthread.php?t=141463&page=2

read the last post in this thread about another mare who sold in this auction and what her offspring brought

It's not as easy as you say. It takes more than not having a crooked leg to bring a couple million. They have to not only be good individuals (in more ways than just a leg) but also have to vet well.

It'd take 4 foals, all going for an average of $2m to get out on the mare given other costs and stud fees. That's a tall order. That's why it has to be looked at as a hopeful dynasty, and by people who have enough money for it to not make financial sense.