Secretariat's stud fee was $125,000 per mare.
Secretariat's Illustrious Breeding Career
Following his historic Triple Crown victory in 1973, Secretariat began his second career as a stallion, cementing his legendary status in the thoroughbred world. He stood his entire breeding career at Claiborne Farm, a prestigious Kentucky horse farm renowned for housing top stallions.
Throughout his time at stud, Secretariat commanded an impressive $125,000 per mare for his stud services. His popularity and demand were high, leading him to be bred to approximately 58 to 60 mares each year. This high volume, coupled with his significant stud fee, underscored his immense value and contribution to the thoroughbred gene pool.
A Record-Breaking Syndication
Even before his breeding career officially began, Secretariat's potential as a sire was recognized through an unprecedented syndication deal. In 1973, he was syndicated for an astonishing $6 million, setting a new record for the time. This massive investment highlighted the racing world's confidence in his ability to produce future champions.
The syndication involved selling 32 shares, each valued at $190,000. The Chenery family, his original owners, wisely retained four shares, ensuring their continued participation in his progeny's future success. This financial structure was a testament to his extraordinary value and anticipated legacy in the breeding industry.
Aspect | Detail |
---|---|
Stud Fee | $125,000 per mare |
Mares Bred Annually | 58 - 60 mares |
Syndication Value | $6 million (1973 record) |
Shares Sold | 32 shares |
Cost Per Share | $190,000 |
Farm Location | Claiborne Farm |