Some Phipps mares going to Keeneland Nov. sale
 

http://www.bloodhorse.com/horse-raci...s-at-keeneland

The dams of Persistently and Sightseeing are among those heading to the breeding stock sale. Just Reward is 11, by Deputy Minister out of Heavenly Prize, and in foal to Malibu Moon. Resort is 13, by Pleasant Colony out of Extravagant Woman, and in foal to Tapit.

The economy is affecting everyone

“The decision to sell some of our horses was made as part of the normal course of stable management,” Phipps’s daughter Daisy Phipps Pulito, who aids her father in running the stable, said in a statement distributed by Keeneland. “My family remains fully invested in the Thoroughbred industry.”

What do you expect them to say?

Not even the Phippses can keep all of their mares; new fillies keep being retired every year. The stable hasn't had many big money earners of late, so it may make sense, tax-wise, to sell proven producers (they might never have another SW, after all) since they will bring the best prices - proves you are running your operation like a business, not a hobby.

Resort in foal to Tapit looks like the better investment, even though she is 2 years older than Just Reward. Tapit has continued to sire SW's and they run on all surfaces.

That's silly.

The Phipps' sold a Kentucky Derby winner.

Super Saver's dam, Supercharger was sold in foal (to DH )to Winstar.
Maybe if the Phipps' had a Derby winner they would hang on to their mares.

This is not new. The Phipps family sells horses at the Keeneland sales every year. Last September they sold a half to Persistently for 11K. After the grade 1 win Just Rewards value is as high as it will be. Last November I think they sold Grand Gala, Preaching, Winning Bet and Cashier. They sold Supercharger in foal with Super Savor a few years ago.

It's not new for them to sell, it's new for them to press release it...meaning there is likely more going on under the surface...

Ding ding ding

Not to mention Yearlings out of Strategy and Furlough, Cologne.. The Furlough is a Smart Strike to boot..

The Phipps' need money so badly they are selling primo mares in a recessionary market? Hard to believe.


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If they'd have kept that mare, the 2010 Derby winner would have been Ice Box!

+1.

Why is that?

Is Zito a better trainer than McGaughey?:zz:

Joke is that the conservative connections would have never run in the derby.

unless of course your being sarcastic, cant tell.

Lets just say the Winstar team was far more likely to run, and also more likely to win, than the Phipps team.

maybe keeneland is just trying to generate more interest in the sale?

I didn't say they need money. But thanks for the education.

Well, what could be going on "under the surface" as you so obliquely allude to?:zz:

If it is not money...what other reason?
I can't think of any. Are they splitting with Claiborne after 100 years?

Is the family selling the stable?

i'm figuring it's just something they do on occasion...altho, one has to wonder due to the fact the sr. phipps is 70-ish now, and not in great health. but you'd have to imagine he'd already have his ducks in a row re: inheritance...

Age 11-14 is when many mares start to lose fertility, have foaling problems, etc. To sell, in foal, in the early double-digits of age, before there is an open year or two on the pedigree page, is basic livestock management for getting the best dollar on aging assets, and keeping your herd producing.

Do I think they need money? No
Do I think they are getting out of the horse business? non not yet anyway.
Do I think they are doing what every other commercial or private horse operation is doing? Yes. They are streamlining, getting out of mares while they still have good commercial value.
Do I think that the phipps family will still be breeding horses with claiborne in 100 years? I sure hope so, but the realist in me doubts it. These old money racing entities just don't seem to last once the driving force dies.
As far as the press release, one writes them to garner interest and attention...in this case it may well be that Keeneland is the one who is seeking a "name" draw for november. I suppose time (and by that I don't mean november 30th) will tell. I'm enough of a conspiracy nut to not take anything at face value, I've been wrong many times...it won't hurt if I am again.

Best explanation. Makes sense.

But, they did that with Supercharger... sold the potential KD winner...and the Phipps have never won the KD...probably not an objective now.

Probably truth to prior post that SS would never have gotten to the Derby if owned by the family.

Here is the simple fact. They have tons of broodmares. They have rare bloodlines. Ever heard the phrase, "Bloodlines money can't buy."? In fact, if you look through the offspring of a lot of their best mares, they have been luckier than others at getting more fillies than colts.

They cull some every year. Otherwise it becomes unmanageable. I know they have a target number of mares (maybe 100?). I am sure in better economic times they have folks with a standing buy offer to get some of the Phipps broodmare blood. In the current economy, they probably didn't have as many offers from the usual suspects. Thus, the entry of selected mares to the sale.

Do not panic. They will be in the game forever, breeding (borderline)stayers who win some big races.

Also, they probably could care less about not owning Super Saver at the time of the Derby. If they had a nickel for "every if and and but" they have had in a 100 years of horse racing, they'd be richer than they already are.

its a good thing. they have stock that runs all day. if more people bred horses like them. more horses could get 9 or 10 furlongs......or more.

As long as they can keep winning races like the $150k Ohio Derby, everything will be fine.

I'm pretty sure they are what Chris Rock calls wealthy.

He said, " Shaquille O'neal is rich, the guy who signs his check is wealthy."