Half Ours wins
 

Couldn't see the race in the fog at all, but he wonin 1:10:4 to remain "undefeated".

went for quite a bit of money at the NOV auction.

didnt one half of the parnership essentially just buy the other half out?
why go to auction just to do that?

or am I thinking of another horse?


Repent

You're thinking of the right horse. At public auction, anyone can essentially buy the horse, but it usually goes to one of the original owners since they're essentially only paying "half" of the final outcome of the sale.

Obviously, this is done when the two parties cant agree on a buy-out price and rely on the fair market value to determine it.

I'd rather have 1/2 of $6 million right about now

makes sense.
I just would have assumed they could have agreed upon something to save themselves the costs associated with going to auction.
but maybe those costs are not substantial.
I dont know anything about that.

thanks for the response.



Repent

It's also a way for a stud farm to boost and help their own stallions in the yearling markets by entering into foal shares and buying said foal when he/she enters the ring.

yeah but he went in the ring as a raced 2YO in November.

what you guys makes sense, I just found it odd that they went to auction when one half of the partnership was willing to buy out the other.
I dont know a lot about that part of the business, which is why I asked.


Repent

I would guess that maybe they themslves had no idea what the fair market value was. I think they probably had a predetermined price as which they would stop if noone except them was bidding. They aren't stupid guys, to say the least.

Was he sold this November, or last? He was away a llllooonng time before today.

I was speaking of another way that partnerships work with foal shares, not of Half Ours. Isn't he 3 now?

There is always the chance too that someone else would have stepped in and paid a lot for him as well, look at Spring at Last for instance. You never know what could happen in the ring.

yeah,
I mistyped.

he is 3.
good catch.


Repent

Very impressive. Did you get the nuances of his difficult trip?

Even in the fog he didn't look like six million bucks.

according to the article i read, both halves wanted the horse, but didn't want to remain in partnership. the losing partner was the immediate under-bidder on the horse.

shouldn't he change the name to neenerneener,he'sallminenow? mmm, nah, too many letters.

I think the underbidder was relieved.

and probably patting himself on the back for running up the bid!

I just dont understand the price, I really dont. The horse would have to stand for 20K at least to justify that price. I mean, isn't that just a "tad" optimistic?

durkin was on his second flask.."oh ..and the 7 half ours wins....oh i think..i dont know."..