[Sightseek]

Originally Posted by Rupert Pupkin

I think your numbers are way off. At the 2 year old sales, if you only buy horses with good comformation, that pass the vet, appear very sound, and have a good way of moving, the chances of the horse making it to the races is probably about 95%. If they were one of the best horses at the sale, the chances of them winning a race are probably about 75% and the chances of them being a stakes horse are probably about 25%. When you see a horse like What a Song working a quarter of a mile in :20 3/5 at a sale, there is an excellent chance that he will be a stakes horse. If a horse works that fast and has a good way of moving, there's at least a 25% chance that the horse will be a stakes horse. That's why the horse went for $1.8 million, even with a mediocre pedigree.

Yearling sales are a totally different story. The chances of picking out a good horse are much smaller there. At a yerling sale, if you pick out the best looking horse with the best breeding, there still is probably only about a 5-10% chance of getting a stakes horse.

With all these percenatges that I'm throwing out here, I'm making the assumption that the person picking the horses is extremely good at it. If you don't have a good eye, your percenatges would be much lower.

Take a guy like Bob Baffert. He has a very good eye. When he buys a horse for $1 million at a 2 year olds in training sale, you can bet that the horse will be a very good horse. At the Barrett's sale last year, he bought two expensive horses. He paid $1.8 million for What a Song and around $800,000 for Point Determined. Both horses turned out to be stakes horses. This year at Barretts, he only bought one expensive horse. He bought an Exploit colt for $1.2 million. I can't think of the horse's name but that horse is 2 for 2 and is a stakes winner.

Anyway, the point is that if you know what you are doing and are willing to pay top dollar at the 2 year old sales, you will get very good horses. At the yearling sales, it is much more difficult because you have far less to go on.

Is E Z Warrior the colt you are thinking of?