Lukas Handicapping Angle

[Rupert Pupkin]

Lukas still gets great horses. He used to outspend everyone by 50x. Now he just outspends them by 10x. He was at the 2 year old sales last year spending more than anyone. I was sitting right next to him at Barretts last year. He was buying the best horses at the sale for $500,000 a piece. In addition, he bought some really expensive yearlings. He bought one yearling for the Lewises for around $2 million. If a trainer has a $2 million bankroll for a yearling sale, that is a lot of money. You can get some really nice horses for $200,000 a piece. That would buy you 10 really nice yearlings. There are very few trainers that have a $2 million bankroll for a single sale. I would estimate that less than 1% of trainers have that kind of money to spend. Lukas had way more money than that. He spent $2 million on a single horse.
In addition to all the expensive horses he bought last year, he also got a lot of really nice home-breds. He got a bunch of Storm Cats.
It's absurd to say that he doesn't get good horses any more and that he doesn't spend much money any more. It is simply not true. He doesn't have nearly as much money to spend as he used to, but he still has more than 99% of the other trainers.