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Originally Posted by Kasept
The general expense figure for care and training of pinhooked Yearling to 2yo Sale prospects is $30k.
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That figure may be a little low as insurance drives the price up quite a bit. Since many if not most pinhooks are bought with borrowed money, insurance is a must. Pinhooking looks much easier than actually is. You have to have a great opinion at the yearling sales, get really lucky and have no conscience when you are sticking someone with a ticking time bomb for $800k. Not to mention that most of the high dollar purchases net less than advertised due to the fact that a lot of palms are greased along the way. And that is for actual sales not paper bs.
The vast majority of horses cataloged for that sale were money losers.