Suff
12-16-2003, 09:07 PM
I picked this up from the Teleconference. The Comittee that decides if a race is graded , and then if it shall be a Grade 1, 2 or 3.
Couple of interesting quotes I picked up... It seems to me that the committee goes so far as to say they don't care so much if a race is a Great Race, in a full field, with a 125 Beyer winner. They look at the Pedigree of the winner as thier most influencial Factor in deciding which races are on the Bubble for upgrading or downgrading a certain race. They go back 5 years on all a races winners..... Examining 3 bloodlines back. And they boldly state that the Primary reason for doing this... is what a BloodLine is worth in the Sales Catalog.....
Thats a weak version of Insider trading... seeing as the Classic Bloodlines are Centralized in one location... Mainly KY. Or Bought for gazillions of dollars and overseas somewhere.
Here's a quote from a member of the Graded Stakes Comittee
Rollin Baugh: Well, I think there's two economic factors – major factors that work here. The (genesis) of the Graded Stakes process was to put standards on an international basis into the sales catalog. And while getting into the races we now see, like Breeders’ Cup and other races where there's going to be an (overdrawn) field, there is an enormous impact on the catalog page.
Because if you, as a performing horse or as a breeding animal, if you produce an animal that is graded one, two, or three – and obviously grade one, being the most significant, you're talking of hundreds of thousands of dollars in appreciated value of that animal or the pedigree that it's associated with. So the catalog page plays an enormous role from an economic point of view
Does he not sound like he is sort of saying that even though the breeders cups are FULL Field Tough races,,,, If You can win a weak Grade I in a field of 5 at any ole track... and you have the CORRECT Bloodline... That race is in Good standing?
The next quote I pickled up...
Rollin Baugh: Well, no. I think that the people that are on the committee are acutely aware of the sales environment. I mean, some of the (racing secretaries) possibly don't get the (sales) as frequently as the rest of us whether we're going as agents, or principals, or anything else. But it is something that people – it's a major part of the industry.
A lot of people who bet on horses, and to some extent, the people who report on horses don't get into the pedigree possibly in the depth that we might, because the catalog page could represent three generations (uniformly). But it's a very interesting aspect of it, and it would be interesting from my point of view to see more of that, you know, discussed in the press
He implys that Racing secretaries and The Bettors and even the Reporters don't understand the how's and why's of it... In a round about way. But I understand that quote to mean,,,
"We have to protect the Value of the Stallions that bring the most money at the sales"
The whole thing is Hoisted on its own Pretard ...
here's the link
http://www.ntra.com/news.asp?type=news&id=10573
btw.. Could this be why it agitates them when a NYBRED Gelding wins the Derby and Preakness.. It's a real walllet Buster when that happens... Breeding industry takes a 50 Million dollar long term hit with no Derby 2003 pedigree to sell. and this is also the seed of the "anti-nyra" sentiment in racing... anti-ny... The big bloodlines are in KY , in the hands of a few,, and they want to keep it that way..
You may remember that the first Person the Miami Herald Reporter called when he saw the Santos Photo.
He called a Kentucky Racing Official. And that Official was ambivalent at best,,,and may have even been cagey enough to steer the thing into the paper. I saw his quotes to the reporter.. they were cyrptic. He all but told him.. Go with it!
Couple of interesting quotes I picked up... It seems to me that the committee goes so far as to say they don't care so much if a race is a Great Race, in a full field, with a 125 Beyer winner. They look at the Pedigree of the winner as thier most influencial Factor in deciding which races are on the Bubble for upgrading or downgrading a certain race. They go back 5 years on all a races winners..... Examining 3 bloodlines back. And they boldly state that the Primary reason for doing this... is what a BloodLine is worth in the Sales Catalog.....
Thats a weak version of Insider trading... seeing as the Classic Bloodlines are Centralized in one location... Mainly KY. Or Bought for gazillions of dollars and overseas somewhere.
Here's a quote from a member of the Graded Stakes Comittee
Rollin Baugh: Well, I think there's two economic factors – major factors that work here. The (genesis) of the Graded Stakes process was to put standards on an international basis into the sales catalog. And while getting into the races we now see, like Breeders’ Cup and other races where there's going to be an (overdrawn) field, there is an enormous impact on the catalog page.
Because if you, as a performing horse or as a breeding animal, if you produce an animal that is graded one, two, or three – and obviously grade one, being the most significant, you're talking of hundreds of thousands of dollars in appreciated value of that animal or the pedigree that it's associated with. So the catalog page plays an enormous role from an economic point of view
Does he not sound like he is sort of saying that even though the breeders cups are FULL Field Tough races,,,, If You can win a weak Grade I in a field of 5 at any ole track... and you have the CORRECT Bloodline... That race is in Good standing?
The next quote I pickled up...
Rollin Baugh: Well, no. I think that the people that are on the committee are acutely aware of the sales environment. I mean, some of the (racing secretaries) possibly don't get the (sales) as frequently as the rest of us whether we're going as agents, or principals, or anything else. But it is something that people – it's a major part of the industry.
A lot of people who bet on horses, and to some extent, the people who report on horses don't get into the pedigree possibly in the depth that we might, because the catalog page could represent three generations (uniformly). But it's a very interesting aspect of it, and it would be interesting from my point of view to see more of that, you know, discussed in the press
He implys that Racing secretaries and The Bettors and even the Reporters don't understand the how's and why's of it... In a round about way. But I understand that quote to mean,,,
"We have to protect the Value of the Stallions that bring the most money at the sales"
The whole thing is Hoisted on its own Pretard ...
here's the link
http://www.ntra.com/news.asp?type=news&id=10573
btw.. Could this be why it agitates them when a NYBRED Gelding wins the Derby and Preakness.. It's a real walllet Buster when that happens... Breeding industry takes a 50 Million dollar long term hit with no Derby 2003 pedigree to sell. and this is also the seed of the "anti-nyra" sentiment in racing... anti-ny... The big bloodlines are in KY , in the hands of a few,, and they want to keep it that way..
You may remember that the first Person the Miami Herald Reporter called when he saw the Santos Photo.
He called a Kentucky Racing Official. And that Official was ambivalent at best,,,and may have even been cagey enough to steer the thing into the paper. I saw his quotes to the reporter.. they were cyrptic. He all but told him.. Go with it!