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One sterling example of Keeneland’s success in bringing overseas buyers to the American sales market is Raut LLC.

The leading buying entity at the Keeneland September yearling sale by volume of purchases with more than 100 head accounted for, Raut LLC is the purchasing operation of Genedi Dorchenko, who basically functions at the agent to buy racing stock for many owners in Russia and other Eastern European countries.

Among the most successful young athletes purchased by Raut is the 2010 Russian Derby winner North Stream (by Giant’s Causeway), who won the Chechen Derby on Sept. 25 for Chechen president Ramzan Kadyrov.

In case you don’t follow the Chechen results (at their new Gudermes racetrack), I actually don’t, either.

The internationally known and respected racing writer and bloodstock adviser Sid Fernando does, however. His excellent blog even has a video of yesterday’s Chechen Derby that you can watch here.

In a telephone interview today, Fernando noted that repeated successes have changed how Dorchenko does business. Fernando said, “When Raut bought this colt two years ago, he was buying at a much lower level, typically. Now he appears to have stronger money behind him. He has bought some at the present Keeneland September sale at a level far beyond what he would have done even last year.”

The price for North Stream at the 2008 yearling sale was only $45,000. That was one of the lowest yearling prices of that year for his famous sire, and the colt does not lack pedigree, either, being out of the Sadler’s Wells mare Starbourne.

Starbourne is a listed stakes winner who ran third in the 2002 Irish 1,000 Guineas and fourth in the Oaks at Epsom. So she was highly tried. Now 11, Starbourne produced North Stream as her third foal.

Even with such recommendations, only a half-dozen Giant’s Causeway yearlings sold for lesser sums, and one other sold for the same price as North Stream, who was bred in Kentucky by Commonwealth.

Obviously, price isn’t important to Kadyrov, only performance. The two most important races in Russia are the Russian Derby and Presidents’s Cup, and this year Kadyrov won both.

As his dual Derby winner, North Stream is very important to Kadyrov, and Fernando said that “North Stream will go to stud, and Kadyrov will own the horse when he does.”

So, will the Chechen president stand his prized racer overseas, or will he perhaps bring him to Kentucky to head Chechen Stud West?