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Originally Posted by sumitas
Cannon I was just starting to wonder that myself. It seems to me there was money there for that middle market and lower middle market. The bids were made on all the horses. The buyers wanted more.
I can understand the dissapointment below $20k (about 23% of the RNAs) but over that seems like reasonable bids.
5 hips tied for lowest bid of $10k each. Each was an RNA.
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Dead on. Like I said, when I go to the 2yo sales and I see horse after horse selling for $20k to $50k (from $10k and $20k stallions), it just makes you sit back and wonder. Haven't the sellers learned anything yet? Just look at what it takes to get a horse from yearling to the starting gate, or from yearling to the 2yo sale.
Eric