Quote:
Originally Posted by freddymo
He has to win the KD and Travers for this whacky math to potentially be ok
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Actually not. Best comp in the market right now is First Samurai, and he stands for $30k (down from $40k). The typical price paid is 300 X stud fee, so $9 million. I think the market will no longer support a 300X multiplier, and will adjust down to 200X going forward, so $6 million.
If he wins the Derby and Travers he'd be standing for $50k so a potential price of $10MM-$15MM.