Deal making occurs at all levels.
Remember that the $20k stallion is royalty in NY. In KY he's a "moderate" price point. I'm sure that there are a few breeders in NY who would support a higher end stallion but "a few" isn't really enough to make it worth it. With the volume of mares available in KY and only a handful of NY breeders vowing to commit to a stallion who is not especially expensive in KY, it's not a great deal.
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RIP Monroe.
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