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Big Brown Stud Rights Sold for $50 Million

NBC reported on today's Preakness broadcast that Three Chimneys Farm has purchased the breeding rights to Kentucky Derby winner Big Brown for more than $50 million.

If Big Brown wins the Preakness today and the Belmont in three weeks, that will seem like a bargain. He'll probably be the most valuable stud horse in history even with a loss, but as a Triple Crown winner, he would undoubtedly be the most sought after thoroughbred sire ever.

Of course, in the wake of the death of Eight Belles, there are always major concerns about a horse worth tens of millions of dollars. Big Brown was insured for more than $30 million before he won the Derby, and afterward the policy was increased to $50 million.

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