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Originally Posted by Fearless Leader
If this were a rule to live by, then I guess it would be impossible to buy a nice horse at a bargain price, many times horses sell at auction for a loss for the seller for any number of reasons, many of which DO NOT materially affect their future racing ability. A truly competent horseman is able to make that call. Many "flawed" horses perform quite successfully. A current example is the 2007 Preakness winner.
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Okay seriously now. This thread is about Jamie Sanders, not Bob Baffert buying Real Quiet for 16K. While you are correct that "bargains can be had", I would prefer to buy an animal that the owners aren't willing to take a loss on. Curlin was purchased for 18K less than Smart Stike's stud fee, this horse was bought for 45K less.