Malibu Moon fee raised to 50K for 2007

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Morningside
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Malibu Moon fee raised to 50K for 2007

Postby Morningside » Wed Mar 22, 2006 12:01 pm

Just received a letter from Castleton saying they will raise MM's fee to 50K before the yearling sales.

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Postby HR LLC » Wed Mar 22, 2006 12:14 pm

Wow...he was 30k last year...I guess if the market can bear that why not ask for more. I guess he has some "live" horses on the ground from his first year at stud in KY.

I personally think 50k is overpriced for him.

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Postby Morningside » Wed Mar 22, 2006 12:40 pm

he's still 30K for 06 and booked full. 50K in 2007

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Postby HR LLC » Wed Mar 22, 2006 12:48 pm

I dont think anyone knows the definition of a full book? He covered 175 last year. I assume he is closer to 200 this year. Congrats to Castlelyon...that extra 20k could generate another 2 to 4 million in stud fee revenue...

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Postby Intrinsic Worth » Wed Mar 22, 2006 12:51 pm

5 of his top 10 runners this year are geldings. Declan's Moon hasn't run in ages. Where is the appeal? Does he have some great 3 year old I haven't heard about?
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Postby Morningside » Wed Mar 22, 2006 12:52 pm

i think their full book is 175. i'm pretty glad my mare's booked to him this year, and on a comp. season!

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Re: Malibu Moon fee raised to 50K for 2007

Postby FOS » Wed Mar 22, 2006 3:28 pm

hi Morningside

Morningside wrote:Just received a letter from Castleton saying they will raise MM's fee to 50K before the yearling sales.

OUCH :!: :!: :!:

Respectfully

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Postby LSB » Wed Mar 22, 2006 5:54 pm

I don't see anything in his statistics or his produce record that indicates he's worth 50K. He's had some nice runners, but nothing recently that makes me go wow.

According to the Bloodhorse stallion register, his yearling average at the sales in 2005 was 28K. :shock: It's higher, so far, for 2006 (short yearlings only) but still less than that proposed fee.

I have a filly I was thinking of sending to him in 2007, but unless something big happens this year (and then maybe the fee will go to 100?) I wouldn't spend that much to breed to him.

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Postby Morningside » Wed Mar 22, 2006 8:27 pm

i dont disagree with you. i was quite surprised they're trying to push up his fee again.

i think the rationale here is that pulpit will probably have a good year in 06 and will probably go to 100K for 07, so MM may be able to slip into the 50K range. plus, demand was quite strong for MM this year because of the incentives...

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Postby austique » Wed Mar 22, 2006 8:34 pm

Chance at a new Range Rover will do that to people :lol: I don't see Pulpit going up again, but I could be wrong. Malibu Moon has got fairly good numbers, but is hard to justify at that fee (but then so are most of the others in that fee range) especially with Declan's Moon MIA. 2006 is his first crop of KY foals isn't it?
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Postby LSB » Thu Mar 23, 2006 7:02 am

It's kind of depressing to see these stud fees inching (and sometimes leaping :shock: ) up. There are a number of stallions I like, whom I would breed to, but not at their current "inflated" fees. As a mare owner, it's very hard to find good value in today's marketplace.

On the subject of value, however, one of the best around has got to be Maria's Mon for 25K. I'm thrilled to have a mare booked to him this year.

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Postby Eap » Thu Mar 23, 2006 1:03 pm

Im right with you LSB. I dont have one booked to him this year but if he's in a similar price bracket next year i'll be all over him.

A few more proven stallions that can make a profit at the sales for a breeder are Grand Slam 50k, Gulch 40k, Quiet American 20k, Silver Deputy 30k, Tale of the Cat 50k, Thunder Gulch 25k.

I have a Silver Deputy mare and have another mare booked to him. I also have a mare booked to Quiet American. If either mare produce a filly I will keep the foal but if its a colt it will probably go to Keeneland Sept. knowing their prices are very solid.

Next year im really looking at Gulch, Maria's Mon and Thunder Gulch. With so many of the newly retired stallions being put up at ridiculous prices, im finding more and more value in some of the older warriors. I might not get a homerun, but at least I know I did the best I could to give my mares a chance to improve their immediate pages.

On a side note, there's absolutely NO justification for Malibu Moon's fee other than "they can". I see Bernstein took a price jump as well. Although, if I were debating between the two, Bernstein would be my choice on what i've seen, foal performance wise.

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Postby Morningside » Thu Mar 23, 2006 7:45 pm

no way... bernstein is a very marginal stallion, all his stakes winners are in south america. his NA stats are appalling
but i like grand slam, quiet american, and silver deputy tho. speaking of those guys, silver deputy and quiet american are becoming phenomenal broodmare sires

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Postby roving boy » Mon Mar 27, 2006 9:29 am

Bernstein is marginal, light boned and throws it. Malibu Moon's offspring have been impressive on the track, especially when one considers their dams! Their performance coupled with the quality of his 2005 foals have made me a believer.

So I think at $30,000 he is a better value than Pulpit at $60,000 (compare their AEI v CI). However, I don't think he warrants $50,000. Stallion Managers seem to occasionally forget that the largest sector of the mare population is in the $15,000 to $30,000 stud fee range. The pool of mares for horses standing at $50,000 and above is very limited.

I hope Castleton Lyons does not push him beyond $35,000.
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Postby LSB » Mon Mar 27, 2006 9:47 am

roving boy, they've already announced that his fee will be 50K in 2007--presumably regardless of how well he does this year. :?

The new fee is given in the Castleton Lyons ad in this week's TB Times.

And Pulpit is currently 80K.