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Originally Posted by Cannon Shell
The final numbers were the avg was off $30k and the median stayed the same. The gross was off $11 million with far fewer sold than last year. There were lots of RNA's that would have dragged the avg down even more. I suppose one could argue that the Azeri horse could have made up a large chunk of the deficit but the guy was simply pricing his horse and trolling for a partner, i doubt there was any intention to let him go.
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Median means little to nothing here. $11m is a big # to be off, but how many is far fewer? If we are talking about 10 to 20 horses, than it's a huge # perhaps. I guess it depends on who is looking at it and how you are looking at it.
I agree that the the RNA's would bring the # down and yes, the arguement could be made that the Azeri yearling could have been a "large chunk" -- but in reality it is not. There was no seller so the final # is the final #. It couldn't have been that large a chunk based upon his expectation, want price, etc. It could only be based upon what the last live bid was at.
Thanks for the comments.
Eric