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Old 03-11-2008, 09:06 AM
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slotdirt slotdirt is offline
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How is it so hard to figure out why a Friends Lake is selling for $450k? He was a GI winner by a GI winner out of a GI winner. Doesn't seem entirely unlikely to me.
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Old 03-11-2008, 09:20 AM
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The Indomitable DrugS The Indomitable DrugS is offline
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Quote:
Originally Posted by slotdirt
How is it so hard to figure out why a Friends Lake is selling for $450k? He was a GI winner by a GI winner out of a GI winner. Doesn't seem entirely unlikely to me.
Not to over simplify it too much, but think of it this way - the horse sells for $140K six months ago because of his breeding, confirmation, and how he vets.

Last month - he gets entered in a 2yo sale. He flashes an impressive physique and works a furlong in 10 seconds flat ... showing excellent raw speed for a horse bred to get a distance of ground. He sells for 450K.

Had the same horse worked his furlong in 11 flat and not moved well in the process - he'd have most likely been A.) scratched from the sale. or B.) sold or RNA'd for about half of what he sold for as a yearling.
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Old 03-11-2008, 09:32 AM
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I don't disagree with you in the least. I'm just saying, in the grand scheme of things, is it really so unbelievable that a Friends Lake would sell for $450k? I would suggest it is not.
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Old 03-11-2008, 09:40 AM
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Zayat stables bought a Friends Lake yearling for $600K at Keeneland September last year.

The $140K yearling turned $450K 2yo buy that is talked about in this thread was only the 6th most expensive Friend's Lake yearling of 64 offered at public auction.

I agree with Rupert that his first crop are showing significantly more speed than what would be expected from them during these sales drills.
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