Why would they do this?

The greatest sire of runners in American history ... Bold Ruler ... sired 24% stakes winners.

That's one out of four ... and not all of them were money makers.

Stallions who sire 10-15% stakes winners are considered outstanding ... so you've got at best a one-in-ten chance of getting some money back ... which may or not cover the purchase price and the upkeep.

The only people who make money at the sales are the breeders, the agents, and the auctioneers. The buyers get fleeced.