While the mother might not have been a producer ... she was a half to Haafhd who blew away a field including horses like Azamour, Refuse to Bend, Norse Dancer, Doyen, and Lucky Story when he easily took a Group 1 at Newmarket in his final career start.
Haafhd was a top Euro 3yo in '04 ... so he was in the catalog when this horse sold.
Maybe I'm being too contrarian minded - but when you get down to prices that cheap in a time when the market's ok ... wouldn't you almost prefer they have abysmal pedigrees or dams with unproductive produce records?
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