THE DIFFERENT ECONOMICS OF JAPAN’S RACING AND BREEDING
STALLION FEES IN JAPAN FOR THE SIRES OF YEARLINGS AND FOALS AT THE JHRA SELECT SALE EARLIER THIS MONTH
Exchange rate: 1 Rand = 6.4 Japanese Yen.
For example, the fee for Lord Kanaloa (by Lord Kamehameha) winner of a string of top Japanese races and the Hong Kong Sprint is just over 3 million rand.
The italicised fees are those of the sires standing in UK, Ireland and USA. Their progeny will have arrived in utero in mares purchased at Tattersalls or Keeneland.
The leading yearlings were all by the late DEEP IMPACT at enormous prices (top Y510 million or approx. R80 million) but the average was around Y45 million or R7 million.
There were no DEEP IMPACT foals but the top (LORD KANALOA) fetched Y380 million or around R60 million. The foal average was Y41 million (R6.4 million) which as you can see would surely exceed the yearling average minus the DEEP IMPACTs.
The “engine room” of Foal Sales has been discussed in our columns several times. In the meantime, here are links to David Allan articles about Japan’s racing and breeding:
So How Did the Japanese Do It? – 27 November 2017
Naming Feature – The Classic Winning Equine Tortoise – 14 June 2020
Horse Racing in Japan Barely Hit by COVID – 15 June 2020
If you are interested in finding out more about Japan’s racing and breeding industry please contact davidallan(at)allanbloodlines.com.