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Originally Posted by Danzig188
of course there are also instances where the owner decides to overbid what the trainer feels should be the top price. that gets you stories like cecil peacock and brother derek. there's also the record colt that sold for 16million. one half of the pinhooking partnership said stop when they bid around 350k, the other continued and they got the colt. now, of course those stories don't happen every day, but they do happen. and yeah, there are a lot of shady dealers out there. read a story some months ago about a broker who convinced a guy to spend a lot of money on a lot of crap horses, rather than trying to buy a few nice ones. the owner got out of the business, due to the cost of trying to keep so many horses in training.
it's not a business for the faint of heart. how would anyone like to have been william young, eventual owner of overbrook farm? well, we know the ending....but at the very beginning, a friend talked him into buying a yearling--his first purchase as a t'bred owner. colt died the next day. several hundred grand down the tubes. luckily he stayed in the game.
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What you're saying is correct. Some owners will buy horses against a trainer's wishes. In addition, there are some owners that want to win some big races and they don't care how much they spend to make to happen. In my previous post, I was really referring to cases where the trainer makes all the decisions. But evn in those cases, you can't really blame the trainer for spending huge money and overpaying for horses if the owner tells him that money is no object.
06-10-2006, 12:55 PM
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