Newgate reduces stallion fees to meet market as 2024 roster expands
Eleven Newgate Stud Farm stallions have figured in service fee reductions aimed at maintaining the Hunter Valley breeding operation’s position as a market leader in the Australian industry.
In announcing Newgate’s 2024 stallion fees, managing director Henry Field says the farm wants to give breeders the best opportunity to make a profit.
“We know without the breeders we have no business. We have priced our service fees to reflect that,” Field said.
“We were the leading stallion farm by market share in Australia in 2023 and to have an even bigger and better roster in 2024 with three unbelievably exciting new stallions, it really bodes well for the future.
“Not only for us but our customers and clients who support us.”
Newgate will increase its roster from 14 to 17 stallions with the addition of three-time Group 1 winner Militarize, Coolmore Stud Stakes hero Ozzmosis and King’s Gambit, a son of I Am Invincible.
Ozzmosis will be the most expensive of the newcomers, standing at an introductory fee of $44,000.
Militarize is at $38,500 while King’s Gambit is advertised at $22,000.
Of Newgate’s existing roster, only Tassort has figured in a fee hike off the back of a promising start to his stud career.
The sire of Group 1 ATC Sires’ Produce Stakes winner Manaal among five individual winners from just 15 runners, Tassort will stand at $38,500 – up from $11,000 in 2023.
The stud’s highest-priced stallion, Extreme Choice, remains at $275,000.
Russian Revolution and Capitalist will both stand for $66,000, down from $88,000 and $77,000 respectively on their 2023 fees.
Golden Slipper winner Stay Inside, whose oldest crop are foals, has had his service fee reduced from $77,000 to $55,000.
Shuttle sire and Cox Plate winner State Of Rest will stand at $27,500 after a Southern Hemisphere introductory fee of $44,000 in 2023.
Other Newgate stallions to figure in fee reductions include In The Congo ($27,500 from $33,000), Wild Ruler ($27,500 from $38,500), Artorius ($22,000 from $27,500), Brutal ($16,500 from $22,000), North Pacific ($16,500 from $22,000), Profiteer ($11,000 from $16,500) and Tiger Of Malay ($11,000 from $16,500).
Cosmic Force will stay at $11,000.
Staff Writer
Related Articles
Top-end strength drives Inglis Classic to $57 million result
A buoyant top end powered Inglis to its third-highest grossing Classic Yearling Sale, which featured its second highest average, with a $625,000 Ghaiyyath colt headlining the final day of the $57.2 million auction.
Run The Numbers – The Redoute’s renaissance
It has been 11 racing seasons since two sons of the same stallion quinellaed the Australian sires championship, but Snitzel and The Autumn Sun are, at this stage, on track to re-create that achievement. Run The Numbers digs into the detail.
Classic’s Angel investors seeking stallion prospect to boost Equine Growth Fund’s fortunes
Equine Growth Fund flexed its investment muscle at the Inglis Classic, paying $540,000 for a Harry Angel colt as founder Stefan Pardi detailed the group’s strategy to make a major impression on the Australian sales season.