of the Belmont Stakes on June 9. Justify, Triple Crown Winner: Stud Fees, Latest on Bob Baffert’s Horse, Copyright © 2021 Heavy, Inc. All rights reserved. Before that, Triple Crown winner Justify brought $500,000 as a Keeneland September yearling. That’s one stiff price. Last month Forbes estimated that once retired, Justify could demand an initial $100,000 stud fee – giving him a $60 million value based solely on … It was unbelievable," Kenny Troutt, the billionaire owner of WinStar Farm, which owns Justify, said during the trophy presentation Saturday. Justify's retirement from the sport of horse racing left much to be desired. Justify, who joined Ashford Stud after his Belmont Stakes Presented by NYRA Bets (G1) victory sealed the 2018 Triple Crown, will stand for an unchanged fee of $150,000 … On Saturday evening at Belmont Park, Justify took 2 minutes, 28 seconds and 18th tenths of a second to cross the finish line ahead of the field. Taylor, for his part, is counting his blessings: Because Chrome raced beyond his 3-year-old season and even won the Dubai World Cup in 2016, he’s been able to list Chrome for twice the fee he could have gotten if he’d retired in 2014. “Top stud fees on average are at historic lows, although it never feels like that when the checks are written,” says bloodstock agent Thomas Clark. That Justify could carry Scat Daddy's genes forward could be a bigger boon to his breeding career than his Triple Crown victory will be. His stud fees started at $200,000 per cover, the equestrian term for a live breeding, before his fee became private. His legacy may not change — American Pharoah will always be the Triple Crown winner who broke the 37-year drought, even though he lost the Travers Stakes to Keen Ice in Saratoga that year — but his value very well could. Why Triple Crown Winner Justify’s Stud Fees Will … But because pedigree is paramount — and despite a promising mare bloodline, Chrome’s sire bloodline is less than fantastic — and because Taylor CEO Duncan Taylor doesn’t want to set the price so high that the owners of good mares will stay away, it will stay at $40,000 for the time being. California Chrome, the beloved “People’s Horse” that ran for (and lost) the Triple Crown in 2014, offers another useful anecdote about how Justify can obtain (or maintain) a healthy stud fee: keep racing. We believe strongly in Justify as a stallion, and the ownership group has retained breeding rights. Today his progeny have earned more than $122 million in racing earnings, and he’s responsible for three of the last four Belmont Stakes winners (Tonalist, Creator and Tapwrit). All Rights Reserved, This is a BETA experience. According to BloodHorse, Justify’s advertised stud fee is $150,000. If the three-year-old went on to win the the Triple Crown, the fee for his breeding rights would jump to $75 million. In the upcoming years, expect to be reminded of his greatness through his children potentially dominating future events. Coolmore Australia have announced the fees for their 2019 stallion roster, which includes US Triple Crown winner Justify among a trio of new recruits. The Triple Crown-winning duo of American Pharoah and Justify will once again headline the stallion roster at Coolmore's Ashford Stud in Versailles, Ky., … If Triple Crown hopeful Justify clinches the illustrious title next Saturday, experts say he could command $150,000 for a single roll in the hay. We look forward to supporting him at Ashford Stud.”. “If he hadn’t raced as well as he did after we bought him, we would have stood him for $20,000.”, Jockey Mike Smith atop Justify after the Belmont Stakes. This horse is the same. Last year, Justify was never beaten while racing six times at four tracks over a span of four months. Trainer Bob Baffert has developed two of them since 2015. She loves. What is the stud fee for a Triple Crown winner? “Secretariat was such a masculine, imposing equine specimen. His wire-to-wire victory also keeps his unbeaten streak alive, a 6-0 record that’s all the more impressive considering he did not race as a 2-year-old. American Pharoah is proof of this, too: Sources tell Forbes that Coolmore initially stood Pharoah for a $200,000 fee, but the market balked, and they had to readjust, offering two-for-one deals — wherein two mares could breed to him for $200,000 — that effectively dropped his fee to $100,000. “The Triple Crown is the Holy Grail of racing, and it had been 37 years before American Pharoah. Triple Crown winner Justify (Scat Daddy) topped the released 2020 stud fees for Coolmore's Ashford Stud at $150,000, with fellow Triple Crown hero … … People thought it wasn’t possible anymore,” Murray said. Formerly owned by WinStar Farm, Justify was sold to Coolmore America earlier that month to live his life at Ashford Stud. (Photo by Rob Carr/Getty Images), The tales of Tapit and California Chrome prove that, like any commodity driven by market forces, a horse’s fortune can change over time. Ashford raised fees on only two stallions: Uncle Mo and Munnings. Justify, ridden by jockey Mike Smith, leading the field to the finish line to win the 150th running... [+] of the Belmont Stakes on June 9. She's worked at Forbes since 2013 and in that time has written on everything from the student debt crisis to Triple Crown-contending (and winning) horses. Trainer Bob Baffert walks Kentucky Derby winner Justify in the barn after the horse arrived at Pimlico Race Course for the upcoming Preakness Stakes. Triple Crown winner Justify will stand for $150,000 during his first breeding season at Ashford Stud in Versailles, Ky., Coolmore America announced Sept. 23. » Subscribe to NBC Sports: youtube.com/nbcsports » Watch Live Sports on NBCSports.com: nbcsports.com/live » Get more horse racing news on NBC Sports: nbcsports.com/horse-racing NBC Sports Group serves sports fans 24/7 with premier live events, insightful…, According to a Sep. 2018 article by Blood Horse, aid Elliott Walden, president, CEO, and racing manager of WinStar Farm. “For Justify to have come and do it the way he did it, it was incredible. The Triple Crown is a powerful bargaining chip in the market for putting a horse out to stud. Smarty Jones won the 2004 Kentucky Derby and Preakness Stakes and lost the Triple Crown thanks to a heartbreaking upset by Birdstone. We get offers on our best horses all the time, and to my knowledge, there has not been a deal done.” (A representative for Coolmore did not reply to Forbes' requests for comment. » Subscribe to NBC Sports: youtube.com/nbcsports » Watch Live Sports on NBCSports.com: nbcsports.com/live » Get more horse racing news on NBC Sports: nbcsports.com/horse-racing NBC Sports Group serves sports fans 24/7 with premier live events, insightful…2018-06-10T14:13:20.000Z, This accomplishment not only netted Baffert $3.12 million, but his former horse is a valuable commodity on the stud market. Plenty more he can do. Tugel denies this, telling, California Chrome, the beloved “People’s Horse” that, The tales of Tapit and California Chrome prove that, like any commodity driven by market forces, a horse’s fortune can change over time. Bloodstock and breeding experts agree that Scat Daddy was poised to become one of the hottest sires in North America but died an early death at age 11 in 2015. On Saturday evening at Belmont Park, Justify took 2 minutes, 28 seconds and 18 tenths of a second to cross the finish line ahead of the field and gallop straight into history. If there are few guarantees in racing, there are even fewer in breeding. I think if he stays healthy, [the Travers or Haskell is] a target,” he said. If American Pharoah’s post-Belmont life is any indication of what awaits the newly minted Triple Crown winner, there are more superlatives heading his way. On Saturday evening at Belmont Park, Justify took 2 minutes, 28 seconds and 18th tenths of a second to cross the finish line ahead of the field. Ryan thinks Justify could easily command a stud fee north of $100,000. American Pharoah recently was represented by his first Grade 1 winner in Harvey's Lil Goil. Katherine Terrell/ESPN In essence, Justify … Fellow Triple Crown hero Justify, who stood 2020 for $150,000, has had his fee trimmed to $125,000. His legacy may not change — American Pharoah will always be the Triple Crown winner who broke the 37-year drought, even though he lost the Travers Stakes to Keen Ice in Saratoga that year — but his value very well could. (Photo by Ed Mulholland/Getty Images). “He is able to pass along his elite genes at a much higher rate than your average stallion would be able to do,” Tapp says. © 2021 Forbes Media LLC. But in the end, the Triple Crown winner's value as a stallion was too great to risk another race. "It was one of the greatest earthly feelings, horse racing feelings I ever had when that horse was leading down the stretch. (A representative for Coolmore did not reply to Forbes' requests for comment.). The 2014 Kentucky Derby and Preakness Stakes winner California Chrome, whose first youngsters were born in 2018, began his stud career with a $40,000 fee. ), Justify crossing the Belmont finish line. His fellow Triple Crown club member, 2018 champion Justify, had his fee reduced from $150,000 to $125,000. That’s it,” he says. The highest stud fee currently belongs to Tapit, whose owners charge $300,000 for his services. There’s a fantastic aura about this horse. Justify’s first foals were born this year, with one in-foal mare selling for $3.2 million. “There’s still plenty more racing. A full book of mares has been finalized for breeding with Justify in Kentucky and then Australia for Coolmore’s Southern hemisphere base later this year. I don’t think we’ll ever see it again.”, Relive each leg of Justify's Triple Crown win | NBC SportsRewatch each of Justify's victories in the Kentucky Derby, Preakness Stakes and Belmont Stakes that earned him the Triple Crown. I think the demand for him will be sensational.”, Demand is already high: It was reported in May that Coolmore, the farm that owns American Pharoah, acquired Justify’s breeding rights for $60 million. According to a Sep. 2018 article by Blood Horse, the 4-year old Thoroughbred “will stand for $150,000 during his first breeding season at Ashford Stud in Versailles, Ky.”. There have only been 13 Triple Crown winners in the history of horse racing. Before coming to Forbes, Maggie worked with TODAY show financial editor Jean Chatzky. At that rate, the deal would be profitable in just two years. , emphasized the magnitude of that accomplishment to ESPN on Friday t going to be of. Fellow Triple Crown winner 's value as a stud and has attracted boatload. And do it the way he did it, it was incredible breeding season ever when. There ’ s first foal was born Friday in Kentucky, the best 3-year-old this year ’ s foal... Stallions Sunday, including the first-year fee for a Triple Crown is a powerful bargaining chip in the history horse!, says that Tapit has earned his fee became private to ESPN on.... People thought it wasn ’ t possible anymore, ” Murray said, whose charge. 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