Dec_76_Profitability_Tables_Owner Breeder 18/11/2010 10:41 Page 80
SALES CIRCUIT >>
the second table: only around 60% of his yearlings offered were sold but those that did continued to return a decent average compared to his fee of £10,000. The most profitable stallion by average compared to fee is Gilt Edge Girl’s sire, Monsieur Bond, whose 2008 fee of £3,500 dropped to £2,000 last year and is back up to £3,000 for 2011, though the team at Norton Grove Stud, where he stands, offered him at his 2010 fee for quick-thinking breeders who booked their mares to him before the end of October. While the fee multiples are noteworthy, perhaps the most telling figures are the number of yearlings sold compared to the number offered, and the percentage of those yearlings that did actually find a buyer and sold in profit. These statistics do not always make for comfortable reading but the bare facts are here for each breeder to read and digest.
INDUSTRY COMMENT John Lynam, bloodstock economist: “From these 80 stallions, in only 17 cases was the median greater than the
cost of production; that’s frightening. Every breeder should be looking closely at the fees they are facing and making sure they were lower than in 2008. “While there are a lot of good stallions in Britain and Ireland whose fees are trying to reflect their ability, there aren’t enough mares who warrant that level of fee. Having a yearling by a good stallion only ensures your horse gets looked at – you have to have a good-looking yearling to make money.”
book is limited you will consider paying more because you have a better chance of getting into a decent sale. Nayef’s success, despite a moderate 2010, is because Shadwell limited his books at an affordable level. “Some wonderful proven stallions have become too non-commercial to breed from other than racing the offspring whilst only those new stallions priced sensibly could prosper. “Small breeders will become increasingly selective and need to in order to survive.”
Dena Arstall, owner, breeder and ROA Council member: “2010 was always going to be tough but these figures are shocking. “Breeders need to look at how many animals actually made profit when you take into consideration the foal crop of that stallion and that these figures represent the cream of those crops, bar at the top end where breeders will retain stock out of choice rather than necessity. “Stallion fees are still too high. If a
Ed Player, Whatton Manor Stud: “The figures make depressing but not unexpected reading. Whilst everybody will be clamouring for covering fees to be reduced, this is unlikely to happen due to the fact that there is such polaristion on popular stallions. “Most studs will continue to make all their profit from 20% of mares whilst the rest will continue to lose money.”
Fee range: £5,000-£9,999 Sire American Post Intikhab Muhtathir Royal Applause Iffraaj Dark Angel Three Valleys Le Vie Dei Colori Sir Percy Elusive City Hold That Tiger Lando Heliostatic Sleeping Indian Samum Amadeus Wolf Echo Of Light Stormy River Soviet Star Strategic Prince
Off 13 26 35 62 65 68 45 17 30 76 22 28 12 26 14 69 30 35 14 67
Sold 12 21 27 50 61 53 27 13 22 57 18 18 9 20 9 56 16 28 12 45
Total £ 388,382 513,946 794,368 1,666,220 2,110,175 1,501,311 573,641 266,318 607,246 1,225,435 369,295 460,233 145,693 305,173 213,527 1,246,530 224,793 491,168 262,849 887,257
High £ 141,079 90,476 116,183 228,571 152,381 133,333 80,952 120,000 76,190 157,676 62,241 87,619 47,619 57,143 53,112 74,286 74,689 57,143 76,190 73,333
Low £ 4,149 830 2,667 1,600 2,490 830 762 1,429 2,857 664 3,320 6,639 664 830 1,494 2,667 762 4,149 1,826 664
Avg £ 32,365 24,474 29,421 33,324 34,593 28,327 21,246 20,486 27,602 21,499 20,516 25,569 16,188 15,259 23,725 22,259 14,050 17,542 21,904 19,717
Med £ 16,183 17,427 22,407 20,450 26,000 18,000 14,938 9,129 27,825 11,203 19,917 17,013 8,299 11,013 21,577 18,900 4,463 14,108 15,768 11,550
08 Fee 5,529 6,319 7,899 9,000 9,479 7,899 6,000 5,924 8,000 6,319 6,188 7,899 5,134 5,000 7,899 7,899 5,000 6,319 7,899 7,109
In profit 4 7 13 23 33 21 11 3 12 20 5 5 2 7 4 22 4 9 4 14
% 33.3 33.3 48.1 46.0 54.1 39.6 40.7 23.1 54.5 35.1 27.8 27.8 22.2 35.0 44.4 39.3 25.0 32.1 33.3 31.1
*Cost Avg Profit X ‘08 fee 20,529 11,836 5.85 21,319 3,154 3.87 22,899 6,522 3.72 24,000 9,324 3.70 24,479 10,114 3.65 22,899 5,428 3.59 21,000 246 3.54 20,924 -438 3.46 23,000 4,602 3.45 21,319 180 3.40 21,188 -672 3.32 22,899 2,670 3.24 20,134 -3,946 3.15 20,000 -4,741 3.05 22,899 826 3.00 22,899 -639 2.82 20,000 -5,950 2.81 21,319 -3,777 2.78 22,899 -995 2.77 22,109 -2,392 2.77
High £ 50,000 53,112 40,000 112,033 62,241 19,087 34,855 22,407 52,381 105,000 45,643 19,917 85,000 33,333 35,685 62,241 30,000 40,000 62,000 53,112
Low £ 3,800 830 800 3,734 2,905 4,564 9,129 5,394 4,500 952 4,149 2,656 800 3,734 996 2,075 1,200 2,000 373 996
Avg £ 24,705 18,470 16,267 30,159 14,523 10,834 19,917 9,912 22,173 18,539 16,494 10,690 20,543 12,295 11,944 14,749 11,089 14,743 12,839 14,606
Med £ 21,300 12,448 15,500 16,598 8,092 7,469 20,747 7,884 18,750 8,299 11,204 10,788 15,250 9,544 8,925 10,788 7,350 12,000 8,299 12,863
08 Fee 3,500 2,765 2,500 4,739 2,370 1,817 3,949 1,975 4,500 3,949 3,555 2,370 4,739 3,160 3,160 3,949 3,000 4,500 3,949 4,739
In profit 3 8 3 5 2 1 5 1 4 13 3 2 4 2 2 1 2 2 14 9
% 50.0 32.0 50.0 38.5 20.0 11.1 62.5 11.1 50.0 35.1 37.5 40.0 33.3 18.2 16.7 9.1 22.2 22.2 27.5 26.5
*Cost Avg Profit X ‘08 fee 18,500 6,205 7.06 17,765 706 6.68 17,500 -1,233 6.51 19,739 10,419 6.36 17,370 -2,847 6.13 16,817 -5,982 5.96 18,949 968 5.04 16,975 -7,062 5.02 19,500 2,673 4.93 18,949 -411 4.69 18,555 -2,061 4.64 17,370 -6,679 4.51 19,739 804 4.33 18,160 -5,864 3.89 18,160 -6,216 3.78 18,949 -4,200 3.73 18,000 -6,911 3.70 19,500 -4,757 3.28 18,949 -6,110 3.25 19,739 -5,134 3.08
Fee range: £4,999 and under Sire Monsieur Bond Gold Away Misu Bond Orpen Lord Of England Early March Turtle Bowl Indian Rocket Pastoral Pursuits Kodiac Country Reel Trans Island Tagula Camacho Konigstiger Layman Indesatchel Ishiguru Moss Vale Sholokhov
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Off 7 27 7 16 14 9 11 12 12 39 9 8 16 11 27 15 17 15 58 45
Sold 6 25 6 13 10 9 8 9 8 37 8 5 12 11 12 11 9 9 51 34
Total £ 148,229 461,761 97,600 392,065 145,228 97,510 159,336 89,212 177,381 685,934 131,950 53,452 246,520 135,248 143,326 162,241 99,798 132,690 654,796 496,597
THOROUGHBRED OWNER & BREEDER INC PACEMAKER