Quote:
Originally Posted by classhandicapper
...Why are they vastly overpaying for yearlings and throwing their money away?...
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I think a lot of buyers spending six or seven figures for horses at auction aren't in it for the money. They've already made significant money from businesses endeavors outside of racing.
I think a lot of them aren't all that different from many of us here at Paceadvantage. Quite a few of them were horsesplayers who developed strong ties to racing somewhere along the way.
And now that they have significant money... It isn't about the money.
I think it's about stepping up to the plate, taking a shot, having fun, and maybe catching lightning in a bottle.
That said, I wish horses were a LOT more durable.
I would LOVE to see the best of the best stick around and race well into adulthood (instead of being sent to the breeding shed never to race again past the age of three.)
-jp
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