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11-07-2017, 02:45 PM
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#1
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Registered User
Join Date: Sep 2012
Posts: 930
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Stellar Wind Sold $6,000,000
Steller Wind just sold for $6,000,000 at Keeneland Breeding Stock Sale.
New owner M.V. Magnor, will breed her to American Pharoah.
Last edited by SandyW; 11-07-2017 at 02:51 PM.
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11-07-2017, 02:57 PM
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#2
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Registered User
Join Date: Oct 2007
Location: NJ
Posts: 5,851
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Quote:
Originally Posted by SandyW
Steller Wind just sold for $6,000,000 at Keeneland Breeding Stock Sale.
New owner M.V. Magnor, will breed her to American Pharoah.
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a lot more big numbers to come...
__________________
Remember the NJ horseman got you here now do the right thing with the purses!
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11-07-2017, 03:11 PM
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#3
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,828
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Quote:
Originally Posted by onefast99
a lot more big numbers to come...
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Will be tough to top Tepin and Songbird from last night.
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11-07-2017, 03:19 PM
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#4
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,861
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OK, name the foal....
Desert Wind
Steller American
Pharoah's Wind 
__________________
Who does the Racing Form Detective like in this one?
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11-07-2017, 03:28 PM
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#5
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Registered User
Join Date: Mar 2005
Location: Queens, NY
Posts: 20,610
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I was just discussing these prices with some friends. It seems to me like it's probably pretty tough to recover investments like these and make money if you are selling the foals.
How many babies will the typical mare have?
How much will you get per foal on average?
What are the operating costs?
What is the opportunity cost of having that money tied up in a horse that will eventually pass away when it could be in another business that's still very valuable and growing at that same point in time?
It seems like you'd have be getting a ton of money per foal to both recover the initial outlay and make some kind of decent return on your investment.
If you are into it just for the fun, that's one thing. But it seems like a tough business.
__________________
"Unlearning is the highest form of learning"
Last edited by classhandicapper; 11-07-2017 at 03:29 PM.
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11-07-2017, 04:48 PM
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#6
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Registered User
Join Date: Dec 2015
Posts: 45
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Quote:
Originally Posted by classhandicapper
I was just discussing these prices with some friends. It seems to me like it's probably pretty tough to recover investments like these and make money if you are selling the foals.
How many babies will the typical mare have?
How much will you get per foal on average?
What are the operating costs?
What is the opportunity cost of having that money tied up in a horse that will eventually pass away when it could be in another business that's still very valuable and growing at that same point in time?
It seems like you'd have be getting a ton of money per foal to both recover the initial outlay and make some kind of decent return on your investment.
If you are into it just for the fun, that's one thing. But it seems like a tough business.
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The people who drop this kind of money on a horse are not hurting for cash, i’m pretty sure
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11-07-2017, 04:51 PM
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#7
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Registered User
Join Date: Mar 2005
Location: Queens, NY
Posts: 20,610
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Quote:
Originally Posted by Lafecs
The people who drop this kind of money on a horse are not hurting for cash, i’m pretty sure
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No doubt, but you usually don't get rich if you tend to throw it away either. 
I don't know all the math behind it. It just seems tough.
__________________
"Unlearning is the highest form of learning"
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11-07-2017, 05:01 PM
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#8
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Registered User
Join Date: Nov 2014
Location: Missouri
Posts: 2,190
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Quote:
Originally Posted by SandyW
Steller Wind just sold for $6,000,000 at Keeneland Breeding Stock Sale.
New owner M.V. Magnor, will breed her to American Pharoah.
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Kee will probably have to re-raise the take
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11-07-2017, 05:03 PM
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#9
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Registered User
Join Date: Nov 2014
Location: Missouri
Posts: 2,190
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Quote:
Originally Posted by Tom
OK, name the foal....
Desert Wind
Steller American
Pharoah's Wind |
the Green Monkeys sis
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11-07-2017, 05:12 PM
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#10
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Registered User
Join Date: Dec 2015
Posts: 45
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Quote:
Originally Posted by classhandicapper
No doubt, but you usually don't get rich if you tend to throw it away either.
I don't know all the math behind it. It just seems tough. |
It’s probably not the WORST investment they could make. Small chance of making a lot of money, small chance of losing a lot of money, good chance of breaking even while enjoying the game at the top level
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11-07-2017, 05:33 PM
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#11
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Registered User
Join Date: Mar 2001
Location: Wisconsin
Posts: 1,819
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DRY HEAT
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11-08-2017, 06:05 AM
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#12
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Veteran
Join Date: Mar 2010
Posts: 5,222
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Quote:
Originally Posted by classhandicapper
I was just discussing these prices with some friends. It seems to me like it's probably pretty tough to recover investments like these and make money if you are selling the foals.
How many babies will the typical mare have?
How much will you get per foal on average?
What are the operating costs?
What is the opportunity cost of having that money tied up in a horse that will eventually pass away when it could be in another business that's still very valuable and growing at that same point in time?
It seems like you'd have be getting a ton of money per foal to both recover the initial outlay and make some kind of decent return on your investment.
If you are into it just for the fun, that's one thing. But it seems like a tough business.
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It is. But it's tough to buy mares of this quality. Usually they've landed in hands of owners who will keep them to breed, so going through the ring at the conclusion of their racing career is somewhat unusual. So the prices we saw from the sale of several top mates was the result of their rarity and also a strong bloodstock market. You're right that it doesn't make a lot of financial sense, because more than pedigree is required to end up with 3-5 foals who bring millions each to recoup the initial purchase price. However, if one ends up like Serena's Song, and her offspring are also good producers, then it was worth these high initial prices as you have a rare breeding dynasty.
The buyers all have the money to take this high risk/high reward gamble.
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11-08-2017, 12:38 PM
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#13
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$2 Showbettor
Join Date: Dec 2013
Location: The Villages
Posts: 2,578
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Blows my mind how much people will pay. I believe Better Than Honour has the record for the highest price ever paid for a broodmare, sold in 2008 for $14 million. At the time she was a 12-year-old tested broodmare having foaled several graded stakes winners, including: Jazil, Rags To Riches & Casino Drive. She has not produced a winner since being sold and has not produced a live foal since 2013.
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11-10-2017, 04:47 PM
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#14
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Resurrectionist
Join Date: Jan 2017
Location: Cheyenne, Wy
Posts: 3,615
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Quote:
Originally Posted by Afleet
the Green Monkeys sis
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Nicely played Afleet!!!!
__________________
Battle is the most magnificent competition in which a human being can indulge. It brings out all that is best; it removes all that is base. All men are afraid in battle. The coward is the one who lets his fear overcome his sense of duty. Duty is the essence of manhood.
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11-10-2017, 10:32 PM
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#15
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Veteran
Join Date: Mar 2010
Posts: 5,222
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It's so weird that there are 2 threads about Stellar Wind's sale. Did people somehow miss Tepin going for $8m just after Songbird flirted with the world record at $9.5m?
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