Firstly NZ Bloodstock announced that WAIKATO STUD for the first time, would not be offering any of their Waikato Stud bred SAVABEEL yearlings with any other sale company except NZ Bloodstock through their Karaka Premier and Select Sale.
That’s a major change to business philosophy as Waikato Stud have had a policy of taking SAVABEEL Yearlings to all the major sales in Australia.
In fact, this year Dynamic Syndications purchased 3 yearlings by SAVABEEL one at each at the NZ Premier, Inglis Classic and Inglis Premier.
Secondly, earlier this year SAVABEEL’s advertised a Service Fee increased from $100,000 + GST to an advertised but undisclosed “Private” fee.
Industry sources confirming that for non-shareholders mares, the increase was significant if you were lucky enough to get in.
We have subsequently found out why.
Thirdly, Waikato Stud announced that they had limited the number of mares going to SAVABEEL in 2018 to just 125 which means for the 2018 breeding season, only 25 outside mares would be covered by non-shareholders nominations.
The impact of this means it will create scarcity of available product in the yearling markets to come and will drive prices significantly higher for the handful of available yearlings.
Professional buyers love Savabeel because of his amazing ability to uplift mares and sire Stakes Winners and Stakes Class horses.
Their Fourth announcement was that in 2019, there will be no outside mares covered by Savabeel – only mares on a shareholders nomination.
That means he will be limited to a book of just 100 nominations and no outside mares can visit the sire.
This has a significant impact because traditionally shareholders breeding to SAVABEEL keep their resultant progeny to race.
So commercially for the shareholders, yearling prices will skyrocket however the flip side is the conundrum that with the stallion being such a superstar, most breeders will retain.
In essence, these announcements mean that supply and demand will result in the yearlings becoming financially prohibitive to buy.
Just like we can’t afford a SNITZEL yearling anymore, the same will apply to the SAVABEEL yearlings in the future.
This is bitter-sweet news to Dean Watt at Team Dynamic.
Having syndicated and managed SAVABEEL throughout his racing career and watching him develop into a multiple times champion sire, now buyers will be financially impacted by his incredible success.