As the builder of Meadow Stud, he left behind hefty estate taxes.
His family decided to pay the bill by selling Secretariat to a breeding syndicate that would assume ownership at the end of the horse’s racing days.
The price tag was a then-record $6.08 million.
Which horse has the highest stud fee?
Storm Cat (February 27, 1983 – April 24, 2013) was an American Thoroughbred stallion whose breeding fee during the peak of his stud career was $500,000, the highest in North America at the time. He was the leading sire in North America in 1999 and 2000, and the leading juvenile (two-year-old) sire a record seven times.
How much money did secretariat earn in his lifetime?
In February 1973, four months before his history-making victory at Churchill Downs, it was announced that 32 breeding “shares” had been sold at a record-breaking price of $190,000 a share, netting Claiborne Farms and Meadow Stable more than $6 million—$30 million in today’s money.7 Jun 2013
How much is secretariat worth today?
Stud value: $6.08 million, or $32.46 million in today’s dollars.
How much is a stud fee for a Triple Crown winner?
At an average price of $150,000 per foal, the return on investment is promising. At that rate, the deal would be profitable in just two years. The Triple Crown is a powerful bargaining chip in the market for putting a horse out to stud.12 Jun 2018