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Originally Posted by Bold Brooklynite
It's more like chicanery than outright theft.
Anyone who spends $1 million on something that he knows nothing about ...
... either has lots of millions ... or is a complete chump.
The scheming trainers and consignors don't put a gun to anyone's head ... the chumps do these things voluntarily.
If you pay $100 for something ... then see it selling for $60 everywhere else ... is the person who sold it to you a thief ... or is it your fault for not being diligent?
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Most owners don't claim to be experts. They don't know how to pick out a horse at a yearling sale or 2 year old sale. So they hire an expert to do if for them. They don't expect the expert that they hired to rip them off and charge them double the actual price.