Sale of Tapit Share Values Stallion at $140 Million

As the mighty Tapit made headlines for his seven-figure yearlings during the Keeneland September sale, the Racing Post reported that the gray son of Pulpit himself could be worth nine figures.

The Post's interview with Gainesway Farm president Anthony Beck revealed that a single share in Tapit was sold recently for $2.8 million, making the horse's total value around $140 million.

When Tapit went to stud in 2004, his freshman fee was $15,000. It climbed to ten times that amount a decade later. Beck said Gainesway would try to cut the horse's 2015 book from the 164 mares he covered this year to 135 next year. The farm received over 400 mare applications for Tapit in 2014.

Read more at the Racing Post