bazach 133 Report post Posted May 10, 2018 Dam Myers is a very astute person and a dedicated horseman, so it's good to see him supporting the sale with all his weanlings being sold. He is also one of the few bigger breeders with no stallion, and his broodmare band is of reasonably good quality, so I thought it would be interesting to make up a table of his sales and compare just the service fees of the applicable stallions in 2016: Lot number Sale price Sire Service fee 2016 (app) 79 14,000 Por Moi 17,500 89 85,000 Press Statement 16,500 110 2,000 Power 8,000 145 14,000 Sweynesse 6,000 155 3,000 Power 8,000 190 170,000 Written Tycoon 49,500 196 7,000 Reliable Man 17,500 204 1,000 Sacred Falls 30,000 210 2,000 Jimmy Choux 5,000 225 1,000 Dalghar 8,000 230 22,000 Ocean Park 30,000 231 5,000 Showcasing 15,000 239 2,000 Proisir 7,000 279 45,000 Mongolian Khan 10,000 281 10,000 Sacred Falls 30,000 296 8,000 Iffraaj 17,500 304 54,000 So You Think 49,500 316 1,500 Contributer 12,500 332 14,000 Zacinto 10,000 19 lots sold Total= $460,500 Total = $347,500 The question I'm asking is, is the amount of the 113k 'surplus' enough to cover all other expenses and make him want to continue down the line of selling all his stock as weanlings? He did very well with lot 190, ie made more than the 113k on this one lot, - and also with lot 89, but in total thirteen of the lots sold for LESS than their service fee, and only six sold for more than their service fee. Dopey and Swynford 2 Quote Share this post Link to post Share on other sites More sharing options...
crustyngrizzly 1,702 Report post Posted May 10, 2018 Certainly no expert but imo i would think that some of those stallion fees are well above what they should be. It seems to me that if a stallion stands at a prominent stud then the fee soars.They do this because the have a captured market. The days of the guy standing 1 stallion and surviving are well and truly over. Belinda 1 Quote Share this post Link to post Share on other sites More sharing options...
bazach 133 Report post Posted May 10, 2018 That's "Dan", not Dam - God damn it! Dam Myers is a very astute person and a dedicated horseman, so it's good to see him supporting the sale with all his weanlings being sold. He is also one of the few bigger breeders with no stallion, and his broodmare band is of reasonably good quality, so I thought it would be interesting to make up a table of his sales and compare just the service fees of the applicable stallions in 2016: Quote Share this post Link to post Share on other sites More sharing options...
Ruby 160 Report post Posted May 10, 2018 It was grim to be there for sure - especially if you are a small breeder. It was obvious that mares light in the pedigree or not a winner or mares who have had several foals with no winners were not in favour. Some people will come on here and make rude comments about small breeders but at the end of the day a good horse can come from anywhere but if your mare falls into the above you are better to breed to race until a mare can prove herself.....IMHO La Zip and Belinda 2 Quote Share this post Link to post Share on other sites More sharing options...
skoozi 38 Report post Posted May 10, 2018 I presume that he has negotiated much better services fees that what is listed, say 20% discount for instance would give approx $70k more in return, so how does that look for covering expenses and net profit ? Ethereal 1 Quote Share this post Link to post Share on other sites More sharing options...
chevy86 2,710 Report post Posted May 10, 2018 Just now, skoozi said: I presume that he has negotiated much better services fees that what is listed, say 20% discount for instance would give approx $70k more in return, so how does that look for covering expenses and net profit ? No doubt he also does deals with NZB as I suspect other larger players do. Quote Share this post Link to post Share on other sites More sharing options...
Huey 2,037 Report post Posted May 10, 2018 Doesn't Myers buy a number of mares in foal in Aus and return them to NZ? Quote Share this post Link to post Share on other sites More sharing options...
Huey 2,037 Report post Posted May 10, 2018 I know the sale wasn't particularly brilliant for vendors , but I've been going to this sale for a number of years and it appears to be thinning out in stock numbers and possibly has better quality than in previous years. On the upside if you wanted to get a horse there was good opportunity to do so and let's face it a sale like this offers a lot of horses the opportunity to become racehorses rather than sit in a paddock or the alternative for the rest of their lives, and probably provides a lot of the bottom of the market an opportunity to restock. Aaron Bidlake and Breeder 2 Quote Share this post Link to post Share on other sites More sharing options...
skoozi 38 Report post Posted May 10, 2018 The broodmare part of the sale was strong, plenty of buyers and good prices. That will probably encourage breeders to go again. Quote Share this post Link to post Share on other sites More sharing options...
fitzy 143 Report post Posted May 10, 2018 Has no one worked out that this is largely a cull sale and Dan is minimising his losses??????? Quote Share this post Link to post Share on other sites More sharing options...
Breeder 609 Report post Posted May 10, 2018 11 hours ago, fitzy said: Has no one worked out that this is largely a cull sale and Dan is minimising his losses??????? No fitzy, you have it wrong with regard Dan Myers. He has said publicly that he made a conscious decision a few years ago to sell all his young stock as weanlings after several years of not doing so well selling yearlings. It would appear this year has not been so good for him ( but not a lose) but he has done really well with that decision in the last couple of years. Huey 1 Quote Share this post Link to post Share on other sites More sharing options...
bazach 133 Report post Posted May 10, 2018 49 minutes ago, Breeder said: No fitzy, you have it wrong with regard Dan Myers. He has said publicly that he made a conscious decision a few years ago to sell all his young stock as weanlings after several years of not doing so well selling yearlings. It would appear this year has not been so good for him ( but not a lose) but he has done really well with that decision in the last couple of years. You are correct breeder. I understand this is his total breeding crop, so no way is it a "cull" sale. I would think that apart from the two lots which sold well above the service fee, he will however, be considering his options for next year! Quote Share this post Link to post Share on other sites More sharing options...
optical 41 Report post Posted May 11, 2018 Take out the Australian stallions in that list and it is grim reading! chevy86 1 Quote Share this post Link to post Share on other sites More sharing options...
Mattski 176 Report post Posted May 11, 2018 Great post Bazach. 1. He would clearly have lost money. 2. Some of the studs are culling the "bottom quartile" but Dan is offering his entire crop. bazach 1 Quote Share this post Link to post Share on other sites More sharing options...
Dibbles 65 Report post Posted May 11, 2018 Broodmare numbers in the sale were down on pervious years and this part of the sale was helped with the China Horse Club buying 18 odd mares. Quote Share this post Link to post Share on other sites More sharing options...
Ethereal 36 Report post Posted May 12, 2018 Good vendor to deal with too. His weanlings are well presented & generally have decent pedigrees. No reserves on them so you know where you stand. Quote Share this post Link to post Share on other sites More sharing options...
bazach 133 Report post Posted May 12, 2018 Exactly Ethereal, he is a very good judge of horse flesh, and great opportunities if you are buying because, as you say, his broodmare band is pretty good. From a selling point of view, with Dan's lifetime dealing with horses and his knowledge of horse flesh, if he can't even get the service fee back from thirteen of his nineteen lots, what chance is there for any breeders other than those owning group winning mares, or the studs with the stallion? chevy86, Lloyd Vivian and Breeder 3 Quote Share this post Link to post Share on other sites More sharing options...
psyc 23 Report post Posted May 13, 2018 Judging by the table presented after all the expenses Mr Myers most likely still lost money, but that is not the point.Never mind the pedigree, if you go and look at all his animals, and the same for Waikato Stud, you will notice that they all have a reason for being there. These are mostly horses that will not make it into the K1 or K2 sale. So they quit them and put time and effort into the good ones. That is not to say that one can not pick up a bargain. I think the best buy of the entire sale was Sir P buying back his own broodmare for $150K. Will end up being a bargain. fitzy 1 Quote Share this post Link to post Share on other sites More sharing options...
Dibbles 65 Report post Posted May 13, 2018 1 hour ago, psyc said: Judging by the table presented after all the expenses Mr Myers most likely still lost money, but that is not the point.Never mind the pedigree, if you go and look at all his animals, and the same for Waikato Stud, you will notice that they all have a reason for being there. These are mostly horses that will not make it into the K1 or K2 sale. So they quit them and put time and effort into the good ones. That is not to say that one can not pick up a bargain. I think the best buy of the entire sale was Sir P buying back his own broodmare for $150K. Will end up being a bargain. Sorry you are wrong re Mr Myers, it is a known fact that he sells all his weanlings (good or bad) at this sale and does not take anything through to the yearling sales. There was a good article written about this a couple of years back. Yes some of the other vendors/breeders who do not want to take yearlings to Book 3 put their lower quality weanlings through this sale, and I agree with you that this does not mean there is not something worth a taking a chance on. Sally McKay picked up a gem a couple of years ago! Ruby, psyc, Breeder and 1 other 4 Quote Share this post Link to post Share on other sites More sharing options...
psyc 23 Report post Posted May 14, 2018 Point taken Quote Share this post Link to post Share on other sites More sharing options...
bazach 133 Report post Posted July 18, 2018 Interesting to see from my original post detailing the likely cost/benefit ratio for Dan Myers horses at the May weanling sale, that this weeks Gavelhouse on-line auction features a number of Dan's mares for sale, and advises that this will be a complete dispersal of his mares. If a knowledgeable person like Dan can't justify continuing breeding, then what hope is there for the industry? Quote Share this post Link to post Share on other sites More sharing options...
Dibbles 65 Report post Posted July 18, 2018 I think going by the ones listed I think it is a dispersal of his mares that are not in foal. Quote Share this post Link to post Share on other sites More sharing options...
bazach 133 Report post Posted July 18, 2018 This month's Gavelhouse auction is for mares not in foal, but the notes made against the mares indicate they will be selling all - maybe not all through Gavelhouse, ie "This is the 1st of 6 broodmares not in foal that we offer as part of our complete dispersal sale". This notation looks like it means all are being sold. Will be interesting to see. In any event, it is sad to see this happening to our industry. Quote Share this post Link to post Share on other sites More sharing options...