Typically, when a stud fee goes private it is also in an effort to weed out what the farm would consider to be "undesireable" matches as well. Sadler's Wells has been private for a number of years becasue of this. It is correct to say he will breed a more limited number of mares and as such they want them to be what they consider good matches. The fee will likely vary depending on how the farm likes the mare and also have a bunch of stipulations/options for getting out of the contract if he has trouble again this year.
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