Now that the sales are over, I need to keep learning. So I will begin to review the results of various sires and eventually come up with even a better sire ranking list.
Could Frosted be 2020’s most undervalued sire? Maybe.
Last year 74 Frosted yearlings sold for an average of $219,000 and a median of $165,000, this year those stats plummeted to 46 yearlings selling for an average of $82,000 and a median of $65,000.
That is a significant decline. There were indications of that decline at the Ocala sale, when the top Frosted brought only $185,000, and the median was only $100,000. There were 2 $240,000 RNA’s.
How much of the decline is caused by 2020 racing results? The Darley website will tell you that Frosted is the first sire to have 3 two year old horses run 80 Beyers. Two Frosted’s have been named TDN rising stars based off maiden performances, but did not run well in their next race. Can you really judge performance based on a few moths of results?
Maybe it is not results but fashion that is more important. Constitution is this year favorite son of Pulpit for obvious reasons,
Should “value” investors have been stepping in?
West Point bought the third most expensive Frosted this year for only $225,000, and MyRacehorse.com bought the second most expensive. Ironhorse also stepped up and bought one for $150,000. Will these turn out to be bargains?
Frosted was bred to a strange collection of mares. Almost all seemed to add precocity. My favorite was hip #376, where the 2nd dam was the producer of Tonalist. The buyer of this horse was Slam Dunk racing. Which creates a whole new problem, because it turns out that Slam Dunk is a partnership operation not on the Ownerview.com list of over 70 partnership.
How many other public partnerships are not on the Ownerview list?
Stay tuned.
Back to Frosted. Maybe he was just over-hyped last year. Everyone remembers his 14 length win in the Met Mile. He has plenty of pedigree. He is out of a solid G2 winner Deputy Minister mare, and the 2nd and 3rd dams bring in Seattle Slew and Roberto. I have a nagging feeling that this might have been a good year to be buying Frosted’s.
Buying A Race Horse 