There's a lot of nonsense that seems to go on at these sales with the final price.
However, if Hartly and Derenzio (sp?) sell the horse secretly for $4-to-$5 million one day, and the next day they sell the horse for $16 million, wouldn't that amount to about $11 million-to-$12 million extra in taxes for them to pay?
If this happened, I'm sure Tabor's group would have to cover those taxes.
I assume the attention that comes with the gigantic final purchase price might offset the few million dollars in extra taxes if the horse turns out to be a Grade 1 winner.
I don't exactly understand why Hartly and DeRenzio would willingly sell a horse for $4 million - when the Maktoums are willing to bid in excess of $15 million for said horse.
I have no idea what could have went on. The horse was an expensive yearling and he had to really sucker some people in with that very fast blinkered furlong work at the worlds most prestegious 2yo sale.
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