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-   -   Fasig November Sale 3pm today (http://www.derbytrail.com/forums/showthread.php?t=25965)

Danzig 11-02-2008 07:04 PM

Quote:

Originally Posted by ELA
Too high for you. Not them, and just a tad too high for Stronach (the underbidder). Who knows that they have in mind. I have no idea who might be advising them, or what consultants they use. Maybe they plan on selling multi-million dollar yearlings one after the other.
In today's marketplace, the #'s are certainly not what they once were as far as market value. But like I said, the so called special ones will still go off the charts.

Eric

don't all breeders have that as their plan? i just wonder how workable that really is...you can't pay investors back with hope.

Cannon Shell 11-02-2008 07:06 PM

Quote:

Originally Posted by ELA
Too high for you. Not them, and just a tad too high for Stronach (the underbidder). Who knows that they have in mind. I have no idea who might be advising them, or what consultants they use. Maybe they plan on selling multi-million dollar yearlings one after the other.

In today's marketplace, the #'s are certainly not what they once were as far as market value. But like I said, the so called special ones will still go off the charts.

Eric

No Eric it is too high for any realistic expectation of monetary success. Who would buy her over this level? There is no market over that price. Maybe they are marking her up and making a profit on that end but there is virtually no chance that she can be worth more than this unless she does something unbelievable like wiining the Triple Crown or going 7 for 7 winning the oaks Alabama and Breeders Cup. Do you know how many multimillion dollar yearlings they will have to sell to just cover expenses, stud fees, etc? That's not even considering her purchase price. There are no players at 6 million or above except two who chose not to play now and surely arent that interested to play later at a higher price.

ELA 11-02-2008 07:14 PM

Quote:

Originally Posted by Danzig
don't all breeders have that as their plan? i just wonder how workable that really is...you can't pay investors back with hope.

Of course. I was just saying that maybe to them it's easy. I have no idea.

Eric

Danzig 11-02-2008 07:15 PM

Quote:

Originally Posted by ELA
Of course. I was just saying that maybe to them it's easy. I have no idea.

Eric

lol
it better be!

ELA 11-02-2008 07:16 PM

Quote:

Originally Posted by Cannon Shell
No Eric it is too high for any realistic expectation of monetary success. Who would buy her over this level? There is no market over that price. Maybe they are marking her up and making a profit on that end but there is virtually no chance that she can be worth more than this unless she does something unbelievable like wiining the Triple Crown or going 7 for 7 winning the oaks Alabama and Breeders Cup. Do you know how many multimillion dollar yearlings they will have to sell to just cover expenses, stud fees, etc? That's not even considering her purchase price. There are no players at 6 million or above except two who chose not to play now and surely arent that interested to play later at a higher price.

Chuck, I hear you. Sure, I agree. And this is a business of self-expression . . . and boy, did we just see some self-expression! LOL.

Eric

Cannon Shell 11-02-2008 07:33 PM

Quote:

Originally Posted by ELA
Chuck, I hear you. Sure, I agree. And this is a business of self-expression . . . and boy, did we just see some self-expression! LOL.

Eric

well a horse I bought for 90k just sold for a million and a mare i passed up on buying for 8 or 9k just brought 205k. So my self expression is i want to kill myself in the quickest manner that I can.

GBBob 11-02-2008 08:00 PM

Quote:

Originally Posted by Cannon Shell
well a horse I bought for 90k just sold for a million and a mare i passed up on buying for 8 or 9k just brought 205k. So my self expression is i want to kill myself in the quickest manner that I can.

get in line

Danzig 11-02-2008 08:09 PM

just read that great hunter was scratched from the sale-he was supposed to be the first horse sold. what happened?

ELA 11-02-2008 08:38 PM

15 million ask and still going.

Eric

ELA 11-02-2008 08:39 PM

Shot from 1m to 14m in no time.

Sold at 14m

Eric

wac 11-02-2008 08:45 PM

That was un friggin real to watch. started at 1 mil and in 5 secs they were up to 8 mil. Wow. That was kinda cool get to see a little history. I can't tell who the buyer is but evidentally there interviewinghim in the ring. I recognize his face but can't place the name.

sumitas 11-02-2008 09:07 PM

Darn, I missed that bidding . What a mare !

PPerfectfan 11-02-2008 09:15 PM

Quote:

Originally Posted by wac
That was un friggin real to watch. started at 1 mil and in 5 secs they were up to 8 mil. Wow. That was kinda cool get to see a little history. I can't tell who the buyer is but evidentally there interviewinghim in the ring. I recognize his face but can't place the name.

Southern Equine bought her outright.

Cannon Shell 11-02-2008 10:14 PM

Quote:

Originally Posted by PPerfectfan
Southern Equine bought her outright.

The price isnt as impressive since much of the purchase price goes back into their own pockets though Fasig did really well.

The Bid 11-02-2008 10:23 PM

Why would someone spend 5.7 million on a racing prospect and send it to John Terranova, Betsy

ELA 11-02-2008 10:26 PM

Quote:

Originally Posted by Cannon Shell
The price isnt as impressive since much of the purchase price goes back into their own pockets though Fasig did really well.

Moreno, being that he already owned 70% of BTH, let it be well known that he was going to be very aggressive and had every intention of bringing this mare home. I don't know what kind of deal you can get on a mare like this but I would assume it would be very competitive. They had enough fire power in this sale. I don't know if they could have went elsewhere.

Eric

blackthroatedwind 11-02-2008 10:36 PM

I'm still waiting for the inquiry from the Acorn to be overturned ( it was the most preposterous of non-DQs ever ) so that I can cash my $250 win bet on her at 6-1.

Robert Waxman could have used the $14 million I'm guessing.

Kasept 11-03-2008 06:23 AM

COMPLETE RESULTS:
http://www.fasigtipton.com/results/2...ults110208.asp

Betsy 11-03-2008 07:15 AM

Quote:

Originally Posted by The Bid
Why would someone spend 5.7 million on a racing prospect and send it to John Terranova, Betsy

You're right, but I was hoping because I don't like Dutrow. OH well - I think he'll do a good job with SB.

Scav 11-03-2008 07:28 AM

I'm curious, with Moreno already owning 70% of Better than Honour, and her going to 14 million, does he have to pay the whole 14 million, and then get a check back for 9.8 million or does he only have to pay 4.2 million for the other 30%?


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