The second wave of stallion price cuts continues, with WinStar Farm announcing that it is further reducing the 2009 stud fee for top sire Distorted Humor, the sire of 2003 Kentucky Derby winner Funny Cide.
The Versailles farm had announced on Oct. 28 that Distorted Humor's fee would be coming down from $300,000 to $225,000. On Wednesday, they said it would drop to $150,000, a 50 percent cut from last year when Distorted Humor, A.P. Indy and now-retired Storm Cat all stood for $300,000.
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WinStar's move comes two days after Lane's End Farm announced its second round of fee cuts, including dropping A.P. Indy's fee to $250,000.
"In the course of evaluating and monitoring the market over the last several weeks, it has become obvious that breeders demand even greater value for their breeding dollar," said Doug Cauthen, WinStar president, in a release. "As such, WinStar has decided to respond with a value-driven adjustment to the fee for Distorted Humor in order to ensure the highest quality book of mares for 2009."
Distorted Humor's progeny have earned more than $8.1 million on the track so far, according to Equineline.com. Besides Funny Cide, his top earners include Hystericalady, Commentator, Flower Alley, and Any Given Saturday.