Quote:
Originally Posted by Merlinsky
Seems to be more of a descent from the 80s on. Is that due to a greater emphasis on breed to sell and record auction prices vs. the traditional homebred operations? It was my understanding that the decade of the 1980s was where a yearling sales bubble developed. Surely there's a shortening of careers as a result when getting their babies in the ring is an objective of increasing importance.
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I think your hypothesis makes sense with regards to stakes horses who have value as stallions. But what percentage of horses is that, maybe 1 or 2%?