All horses listed on MyRacehorse undergo an exhaustive diligence process, that includes a veterinarian check, conformation assessment, and value assessment that includes pedigree analysis, race history, remaining conditions, and several other factors that determine the fair market value of a horse. The online marketplace has democratized ownership within the sport of kings and given the average fan an opportunity to participate in the sport beyond placing bets in the grandstand (shares worth .001% were sold for $206). He also won the Sham Stakes, San Felipe Stakes and Haskell Invitational Stakes and was second in the Preakness Stakes and Santa Anita Derby. While challenging the early leader Shooters Shoot, he was carried wide around both turns. 18 post, but that didn’t matter as he and Velazquez were in sync from the start. In his first race, he was owned by SF Racing, Starlight Racing, Madaket Stables, F. Hertrich, J. Also part of Authentic's ownership is Spendthrift Farm, the racing operation of B. Wayne Hughes, 86-year-old founder of Public Storage. An asterisk after the odds means Authentic was the post-time favorite. “There’s probably more downside in running in the Preakness than there is upside [for him]. That’s because, as Behrens explained, MyRaceHorse “purchased [Authentic in June 2020] after he had already proven to be a good horse.” The company (along with Spendthrift Farms) paid $15.2 million in a deal that also included bonuses for the original owner if the horse won big races (like $9 million for the Derby). Our Take: The shared ownership model is not new to horse racing. Into Mischief is best known as a sire of sprinters, including Goldencents, Practical Joke and Eclipse Award winner Covfefe. Authentic (foaled May 5, 2017) is an American Thoroughbred racehorse, best known as the winner of the 2020 Kentucky Derby and Breeders' Cup Classic, setting a new track record at Keeneland in the latter. MyRacehorse.com has purchased a 12.5% interest in GI Santa Anita Derby runner-up Authentic (Into Mischief) and will soon begin the process of selling micro shares in the horse to clients. "[16][17], Going into the 2020 Kentucky Derby, Authentic was ranked second on the 2020 Road to the Kentucky Derby. In the backstretch, Authentic picked up the pace and took the lead by running the half mile in 47.65 while racing three wide. It’s like going from college to the pros,” Paulick explained. JohnWallStreet Index: 1,166.27 (+0.85%)NASDAQ: 11,326.51 (+1.42%)S&P: 3,380.80 (+0.53%)DJI: 27,816.90 (+0.13%), With a full slate of Christmas Day games set to tip off a mere 75 days after the Lakers won the title, the NBA apparently earned itself a spot on Santa’s “nice” list. [27], After Authentic got off to a good start, he went straight to the front on a fast track that appeared to favor early speed. Authentic won horse racing’s Kentucky Derby at Churchill Downs. So while you may be able to find a rescue pony for just a couple hundred dollars, don’t let that fool you into making a purchase.Responses to a horse-ownership survey from the University of Maine found that the average annual cost of horse ownership is $3,876 per horse, while the median cost is $2,419. In December 2020, it was announced he was the winner of the 2020 Secretariat Vox Populi Award, an award decided by votes of the general public. “You don’t get into [horse racing ownership] expecting to make money because the math doesn’t work,” he warned. The group’s filing says 890 5th Avenue…, SPACs became part of the investing world’s vernacular in 2020. "His ears went toward the crowd, so I think that's what caused it, but when he got down to the rail, he spooked himself again. For sports specifically, the success of DraftKings going public by SPAC has sparked a wave of blank-check ventures from sports business…, Sportico is proud to partner with The Harvard Sports Analysis Collective, a student-run organization dedicated to the quantitative analysis of sports strategy and management, to bring our readers the…, Get our latest stories in the feed of your favorite networks. The 2021 Kentucky Derby is the 147th renewal of The Greatest Two Minutes in Sports. Making money in horseracing requires an enormous bankroll. Ridden by John Velazquez, Authentic covered 1¼ miles in 2:00.61 and paid $18.80, $6 and $5 at 8-1 odds. Live odds, betting, horse bios, travel info, tickets, news, and updates from Churchill Downs Race Track. Authentic paid $18.80, $6 and $5 at 8-1 odds. He's just getting better and better. He is owned by Spendthrift Farm, ... MyRaceHorse offers part-ownership in the form of micro-shares to Thoroughbred horses. Authentic's trainer Bob Baffert was knocked down by the horse in the Kentucky Derby Winner's Circle. He ran in stalker position just off the early pace, then took the lead as they turned into the stretch. Authentic responded to urging to pull away to a 2 1⁄4 length win over Improbable, with Global Campaign in third. One of Authentic's shareholders is not only sharing in that victory celebration at the derby. REGINA -- A local Regina woman is a proud horse owner of the 2020 Kentucky Derby winner, “Authentic." [23][24], "That's a good filly," said Baffert. In the end, Swiss Skydiver won by a short neck, with the rest of the field almost 10 lengths behind. The payday remains several years away (even if Authentic is retired following his three-year-old season), but Behrens does expect annual dividends to be paid out on the horse once he reaches the breeding shed. Michael Behrens (founder and CEO, MyRaceHorse.com) acknowledged, “There is ridiculously high risk and high beta in investing in a race horse. Authentic horse page with past performances, results, pedigree, photos and videos. "[15], Authentic was then shipped across the country to Monmouth Park in New Jersey for the Haskell Invitational, run over a distance of 1 1⁄8 miles on July 18. When they were in the stretch, they ran head to head, sprinting away from the rest of the field. He got off to a good start and went straight to the lead, setting moderate fractions of 23.60 seconds for the first quarter mile and 47.52 for the half. The majority of horses lose a lot of money, and because the delta [between winners and losers] is so high, it is hard to classify [racehorse ownership] as an alternative asset class.” For that reason, MyRaceHorse has been careful to position its product as one people purchase because they love the sport and want to get closer to it (think: behind the scenes looks/access)—not because they’re likely to see a ROI. Tiz the Law returned $3.40 and $3.20. He got beat. He went straight to the lead while setting moderate fractions of 23.87 seconds for the first quarter-mile and 47.94 for the half. You probably know that the initial cost of purchasing a horse won’t hold a candle to the long-term cost of ownership. Then Velazquez managed to slow the pace down a bit, running the first half in 46.41 seconds and the three-quarters in 1:10.23. Mr. The Breeders’ Cup Classic is for horses three and older. “It is a thrill of a lifetime to own a champion horse. In 2020 he was also the Secretariat Vox Populi Award Winner. In other words, “If projections come to fruition [and his babies run fast], it could be a triple digit return over time,” Behrens said. However, due to the COVID-19 pandemic, racing at Santa Anita was temporarily shut down in late March and the Derby itself was rescheduled to September 5. Though Thousand Word suffered no damage, Baffert's assistant trainer, Jimmy Barnes, broke his arm. said Baffert, referring to controversies that had erupted after several positive tests with other horses. His stablemate Thousand Words went to the front and Authentic moved alongside him. She dug in. He drew the outside post, saddle cloth 18, which made the start critical because he would either have to run hard to get early position or run further than most other horses because he was on the outside. [12][13], Authentic made his next start in the Santa Anita Derby, which had been postponed until June 2. Behrens suggested the horse’s Run for the Roses “probably doubled his value. 2), Art Collector (Blue Grass Stakes), Basin (Arkansas Derby â div. 2020: Authentic He has a kid's mind. Authentic (foaled May 5, 2017) is an American Thoroughbred racehorse, best known as the winner of the 2020 Kentucky Derby and Breeders' Cup Classic, setting a new track record at Keeneland in the latter. [19], Authentic was ridden by John R. Velazquez after Smith chose Honor A.P. The horse broke fast from the gate and never let up, clocking 2:00.61 over 1 1/4 miles and giving Baffert his record-tying sixth Derby win. [20], Velazquez said he had not been concerned about the pre-race talk regarding Authentic's lack of stamina, noting instead how the colt had responded when asked to run at the head of the stretch. [18] Because of questions over his stamina, Authentic was third choice in the betting despite his strong speed figures going into the race. While majority ownership of the colt belongs to Spendthrift Farm LLC, Madaket Stables LLC and Starlight Racing, a 12.5 percent stake is owned by MyRaceHorse, a company that allowed anyone to buy into Authentic for that low price. The holiday tradition is one…, Daniel Snyder, the besieged majority owner of the Washington Football Team, claimed in a new court filing that limited partner Dwight Schar has waged “an extortion campaign” against him. Authentic is a bay colt with a white blaze bred in Kentucky by Peter E. Blum Thoroughbreds. Lease a horse first, if you’re not sure. Then after the race, when Authentic was in the winner's circle, he started to wheel about, apparently distracted by the ribbons on the winner's blanket of roses. “If we get lucky and have a nice ROI, that is icing on the cake.”. I mean, he responded. Authentic had issues, so Baffert gave him an extended break. Authentic was the fourth foal out of Flawless and her third winner. "[28], "This is the pinnacle and we'd like to keep it going, don't get me wrong," said Eric Gustavson, the president of Spendthrift Farm. The award recognizes 'the horse whose popularity and racing excellence best resounded with the American public and gained recognition for Thoroughbred racing.'. Legend â â© = Triple Crown winner; ⥠= Filly or mare, This article is about the racehorse. In the paddock before the race, his other Kentucky Derby horse Thousand Words had to be scratched when he reared up and fell to the side. SF Racing, Fred Hertrich, John Fielding, and Golconda Stables—other partners in Authentic's original ownership group—have sold their respective interests in the colt. He sent Authentic back to California and gave him several sharp workouts, culminating in a five-furlong in :59.60 a week before the Classic. It worked out. 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