Saturday, September 5, 2015
B. Wayne Hughes’ Spendthrift Farm set 2016 fees on the farm’s two leading sires, Malibu Moon and Into Mischief.
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Malibu Moon’s fee will remain unchanged at $95,000 stands and nurses, and again headlines the Spendthrift stallion roster heading into the 2016 breeding season. He’s been legendary sire A.P. Indy’s leading son at stud seven years running, and is fresh off another successful Saratoga Select Yearlings sale last month at Fasig-Tipton where his progeny were as popular as ever among buyers. Five sold for an average of $517,000.
Into Mischief will stand in 2016 for a fee of $45,000 stands and nurses, up from $35,000 a year ago. The Grade 1-winning son of Harlan’s Holiday has had his pedigree boosted by the accolades of his famous, two-time champion sister, Beholder, but it’s his tremendous record with his first handful of crops at stud that has ascended him up the stallion ranks. Into Mischief currently boasts the second highest Average Earnings Index (AEI) of 2.86 among stallions in North America, and his AEI and Comparable Index (CI) differential is the highest on the continent – showing a quantifiable measure of his ability to move up his mares.
Into Mischief has been one of the most popular stallions in North America through his ascension the last few years. He’s breed his biggest and highest-quality books of mares which have begun to hit the yearling sales market this summer.
“We felt like it was pretty easy to assess Into Mischief’s value right now,” said Ned Toffey, Spendthrift’s general manager. “We think $45,000 is a great value for him, and we thought we would open his book early so that breeders who like the horse have the opportunity to get into him. Last year, Into Mischief’s demand far outweighed supply, and although he covered 203 mares, we had to turn away a significant number of breeders.
“There is a lot that could happen between now and when the 2016 breeding season starts for both Malibu Moon and Into Mischief,” Toffey added. “There may be some adjustments to their fees depending on results. Mr. Hughes has always been a guy who wants us to be selling year 'round. We're not too worried about conventional wisdom. Sometimes people like getting on board earlier in the year, which can be beneficial to breeders when it comes to stallions of this caliber. We've found breeders are very receptive to getting signed up earlier and earlier. It also lets us know where we stand.”
For more information on Malibu Moon, Into Mischief, or any Spendthrift stallion, contact Des, Mark, or Brian at 859-294-0030 or visit SpendthriftFarm.com.