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Author Topic: Thorougbred earnings records  (Read 28503 times)

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Offline JWesleyHarding

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« 2020-Feb-04, 07:24 AM Reply #75 »
Can't you use the "modify" option and delete whatever you want just leave one keystroke.

Offline timw

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« 2020-Mar-01, 05:58 PM Reply #76 »
Maximum Security jumps to number 19 in the all time money list - wonder how long the Saudi Cup will last before it ends up like the Pegasus just another good money race.  I struggled to find links to detailed results (racingpost.com was the easiest) and couldn't find anything other than the standard media release / news reports on the Saudi Cup website. 

Offline timw

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« 2020-Apr-06, 12:17 PM Reply #77 »
I have updated all time USD leaders list. Of those still racing that make up the top 20 we have Enable at 12 (although I imagine there must be some doubt about whether she will be back), Beauty Generation has jumped a few places to 14  (number 2 among ANZ horses and I guess his next start will be on Hong Kong Champions day in about 3 weeks), Redzel is now at 18 and Almond Eye is at 20 (Almond Eye is among the entries for Champions day over both 1600m and 2000m but I guess there must be some doubt about whether Japanese horses will run). 

According to my calculations Beauty Generation has the distinction of being the first horse to earn more than HKD100 million in Hong Kong. 

I now have so much stuff it won't fit on the page - guess I will have to consider an edit process.

Offline timw

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« 2020-Apr-28, 10:56 AM Reply #78 »
Earnings tables updated to include Hong Kong Champions day group 1 results.

Offline timw

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« 2020-Apr-29, 05:39 PM Reply #79 »
Hi all

racingpost reports that Almond Eye is back in full training and is headed towards the Victoria Mile (run 17th May at Tokyo).  She is currently 20th on my USD earnings list.  I haven't read anything recently about the following: Enable, Suave Richard, Rey de Oro, Maximum Security, Bricks and Mortar,  Beat the Clock and Stradivarius. If you know of any that have retired could you let me know. 

cheers 

Offline specialweek2

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« 2020-Apr-29, 06:17 PM Reply #80 »
SR and RDO both at stud. RDO seems covered Lys G.

Offline timw

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« 2020-May-19, 01:51 PM Reply #81 »
Earnings records updated to include Almond Eye and Santa Ana Lane starts last weekend. Almond Eye has passed Lys Gracieux and Redzel to jump to no 17 in all time USD earnings.  Almond Eye ran just 0.1 of a second outside the 1600m. Tokyo course record on Sunday suggesting she is back to her best after being flogged by Lys Gracieux in the Arima Kinen last year and should add substantially to her earnings over the rest of the year.       

Offline timw

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« 2020-Jun-02, 11:37 AM Reply #82 »
Saudi officials announced that purse monies from the Saudi Cup (won by Maximum Security on 29 February 2020) are being withheld until they complete their own investigation into the US federal charges.  So Maximum Security's first prize of USD 10,000,000 is up in the air. Bob Baffert now trains the horse and the horse is back in work (Paulick Report).

Offline timw

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« 2020-Aug-23, 04:13 PM Reply #83 »
Worlds top earners over USD 6,000,000 updated to 23 August 2020 (includes TVG Pacific Classic (USA))

Offline timw

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« 2020-Dec-02, 04:08 PM Reply #84 »
Table of worlds leading earners updated.  Almond Eye retires at number 4 (in USD). 

Cheers

Offline timw

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« 2020-Dec-14, 05:12 PM Reply #85 »
After the Hong Kong international meeting Beauty Generation retires at no 14 on the all time earnings list with earnings of USD 13.839,908. Exultant is now at no 29 with career earnings of USD 10,250,108.  Exultant is a 6YO so he can be expected to move up a few more places before retirement.

Offline timw

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« 2021-Feb-14, 10:51 AM Reply #86 »
sorry, just moving stuff around so stats tables sort of follow logically

« Last Edit: 2021-Feb-14, 12:33 PM by timw »

Offline timw

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« 2021-Feb-17, 06:19 AM Reply #87 »
Phar Lap’s earnings in USD

I thought I would run a check on the Daily Racing Form’s career earnings figure of USD 332,250 (I am in lockdown here again so have time).  Phar Lap raced when financial markets were volatile so I thought I would start with the London Financial Times where I discovered it is easy to find US dollars to British pounds forex rates (the paper reported on the New York exchange closing rate daily).  It is harder to find any information on the effective Australian pound to British pound forex rate presumably because Australia was part of the sterling block so there was an official rate.  There is a lot of stuff on the internet about the sterling block but none of it is conclusive and much of it seems inconsistent so possibly rubbish.

Reading through some of the articles in the Financial Times on the state of the Australian economy in the late 1920s one might conclude that economically speaking Australia was not ready for independence on 1 January 1901 as it certainly wasn’t economically independent of Britain when the great depression hit.  On reflection one might conclude that Australia was a pseudo colony of Britain until the end of WWII and then became a pseudo colony of the USA.  Now the debate is whether we are better off as a pseudo colony of the USA or China.  It makes the kerfuffle about Australia day almost laughable as Australia as an independent country only exists in our imagination.

Cheers

PS Preliminary analysis suggests the DRF figure of USD 332,250 is about right.

Offline timw

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« 2021-Feb-21, 03:01 PM Reply #88 »
Mishriff won an obscene amount of money in the Saudi Cup to vault to no 24 in the list of leading all time earners. John Gosden did a good job beating the Americans on dirt.  US dirt horse talent seems to be at a low point at the minute.  The US grass horse talent has been ordinary for a few years.

Cheers

Offline timw

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« 2021-Mar-14, 08:30 PM Reply #89 »
Shogun Lodge wrote 2017-Oct-01, 11:55 AM - These lists mean nothing, unless someone has adjusted for inflation etc....a far superior horse that raced a decade before the other has no chance on these lists.      

I stumbled on a Reserve Bank of Australia Inflation Calculator.  The tool calculates the change in cost of purchasing a representative ‘basket of goods and services’ over a period of time.      

I have applied it to a few leading money winners to work out a 2020 equivalent amount. Results follow -       
      
   Actual Earnings   2020 amount
EURYTHMIC (AUS) 1916      
   £36,991.00   AUD 2,948,386.84
      
PHAR LAP (NZ) 1926      
   £73,931.51   AUD 6,586,420.84
      
Shannon (AUS) 1941      
   £84,583.36   AUD 5,522,517.60
      
Sailor's Guide (AUS) 1952      
   £118,283.33   AUD 3,837,287.24
      
DARYL'S JOY (NZ) 1966      
   AUD 268,046.17   AUD 3,183,184.54
      
KINGSTON TOWN (AUS) 1976      
   AUD 1,604,490   AUD 6,719,173
      
STRAWBERRY ROAD (AUS) 1979      
   AUD 2,209,169   AUD 5,955,971

Cheers

Offline timw

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« 2021-Mar-18, 07:01 PM Reply #90 »
Phar Laps career prizemoney in various currencies

Daily Racing Form has career earnings of USD 332,250. Wikipedia has £66,738 (equivalent to AUD 133,476) citing the source as the Australian Racing Museum.  Peter Pring has $A112,850 + $US50050.

(USD earning were USD 50,500 not USD 50,050 as widely reported see Daily Racing Form race chart no 69512 for 20 March 1932.)

Phar Lap commenced racing in 1929 just before and raced during the Depression when financial markets were unstable.  When he commenced racing one Australian pound (£A1/-/-, now AUD 2.00) was worth slightly less than one pound sterling (£stg 1/-/- (British pounds)). By Melbourne Cup day in Nov 1931 one Australian pound (£A1/-/-) was worth about 30% less than one pound sterling (£stg 1/-/-). 

The Wikipedia page titled ‘History of Australian currency’ notes: ‘In 1929, as an emergency measure during the Great Depression, Australia left the gold standard, resulting in a devaluation relative to sterling. Britain devalued the pound sterling against gold in 1931.[7] A variety of pegs to sterling applied until December 1931, when the government set a rate of £1 Australian = 16 shillings sterling (£1·5s Australian = £1 sterling).’

My research suggests that to the extent it can be said there were pegs at all in Phar Lap’s time the pegs were set by the banks although it should be noted there was a reported lack of willingness to trade Australian exports at the advertised bank rates so an ‘outside market’ operated where the rate offered to purchase Australian pounds was about 5% less than the bank rates.

The bank rates of Australian pounds to 100 pounds sterling were published in the Sydney Morning Herald during this period. 
The derived decimalized mid rates for dates Phar Lap earned prizemoney, which is the average of the Sydney/Australia on London buying and selling amount for TT (telegraphic transfers) set by Australian banks, are as follows-

DERIVED DECIMALISED MID RATES

From 14/09/1929 to 9/10/1929: £A 1.01250 = £stg 1.00 (now GBP 1.00)
From 2/11/1929 to 5/11/1929:  £A 1.01125 = £stg 1.00 (now GBP 1.00)
From 15/02/1930 to 8/03/1930: £A 1.023125 = £stg 1.00
From 12/04/1930 to 17/05/1930: £A 1.063125 = £stg 1.00
From 30/08/1930 to 30/08/1930: £A 1.063125 = £stg 1.00
From 13/09/1930 to 8/11/1930: £A 1.0875= £stg 1.00
From 14/02/1931 to 3/11/1931: £A 1.3025= £stg 1.00 (to last race in Australia)
From 20/03/1932 to 20/03/1932: £A 1.2525= £stg 1.00 (race in Mexico)

Mid rates derived from Sydney Morning Herald editions dated Tue 3 Sep 1929 Page 13, Thu 10 Oct 1929 Page 15, Fri 13 Feb 1931 Supplement Page 5, Thu 11 Feb 1932 Supplement Page 1, Page 4 and Mon 14 Mar 1932 p11.

For those who may be interested in the economic history of the times the supplements are worth a look.  Other Australian newspapers I looked at had minimal financial commentary which I found surprising.  One writer even advocated that Australia stay with sterling to save Britain from bankruptcy.  It seems a given that the writer believed Australians should suffer for the cause.  Another writer advocated pegging the Australian pound to wool which the editor essentially dismissed as nonsense so I wonder why the letter was published.

I have worked out Phar Lap’s career earnings as follows:

Australian earnings in Australian pounds (£A)   £A 56,426.00
Australian earnings in Australian dollars (AUD)   AUD 112,852.00
Mexico earnings in United States dollars (USD)   USD 50,500.00
Mexico earnings in Australian pounds (£A)   £A 17,329.94
Mexico earnings in Australian dollars (AUD)   AUD 34,659.88

Worldwide earnings in United States dollars (USD)*   USD 299,982.67
Worldwide earnings in British pounds (GBP)*   GBP 65,702.35
Worldwide earnings in French francs (FRF)*   FRF 7,640,035
Worldwide earnings in Australian dollars (AUD)*   AUD 147,511.88

* Australian pounds converted into pounds sterling (UK) based on rates for telegraphic transfer used by Australian banks and published in the Sydney Morning Herald.  Pounds sterling (UK) converted into United States dollars (USD) (and vice versa) and French francs using USD and FRF to GBP 1.00 forex rates published by the Financial Times (London) or Times (London) for the date of the race (or the previous trading day if that is not a race day).

Cheers

« Last Edit: 2021-Apr-01, 08:48 AM by timw »

Offline timw

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« 2021-Mar-28, 09:45 AM Reply #91 »
After last night’s win in the Dubai turf race Mishriff jumps to 14 in the all time earners list (USD) and is the third highest European all-time earner behind Thunder Snow (8) and Enable (13).  Mishriff is the leading earner of horses racing. 

Verry Elleegant jumps to 16 on the Australasian earners list just behind Black Caviar and is a long way behind Mishriff.

Cheers

Offline timw

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« 2021-Apr-25, 09:01 PM Reply #92 »
I have Golden Sixty as the 34th horse to pass USD 10,000,000 on career earnings.  He might be lucky that he has amassed his pile in a time when corona virus seems to have affected the number of international horses travelling to Hong Kong.

Offline timw

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« 2021-Apr-26, 11:35 PM Reply #93 »
I have added together the total career earnings of the top 10 earners from top dollar racing jurisdictions.  As expected Japan was the easy winner.    
   
Japan   USD 158,869,213
USA   USD 115,378,707
Europe   USD 107,989,645
Hong Kong   USD 102,857,207
Aust & NZ   USD 91,533,248
   
Of the top 10 Europeans only Treve never raced outside Europe   
Four of the top 10 Hong Kong horses commenced racing in Aust or NZ   
Eight of the top 10 US horses raced in the Middle East   
Seven of the top 10 Aust & NZ horses raced overseas   
Two of the top 10 Australian earners were omitted because they raced at a time when the Aussie dollar was weak against the USD   
Gloria de Campeao (BRZ) 2003 (USD 9.3m.) was a notable omission from a top 10 as he did not fit into any category.  He raced in 5 countries on 4 continents.   
The modern trend of racing wherever the big stakes races are run has seen a reduction in the importance of North American earning power.   
   
Cheers   


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