Pedigree Query

From the Blood-Horse:

Vallenzeri has a new home!

Trainer Bob Baffert, acting on behalf of Kaleem Shah, purchased the chestnut colt for
$1.9 million early in the opening session of the Keeneland sale of 2-year-olds in training April 6.

By Horse of the Year A.P. Indy and the first foal out of Horse of the Year Azeri,
Vallenzeri set a world Thoroughbred auction record when he was a $7.7-million buy-back
at the 2008 Keeneland September yearling auction.

http://www.bloodhorse.com/horse-racing/ ... 19-million


I guess the new trustees for Allen Paulson's living trust are serious about selling horses.

We went to watch tonight and I thought some very nice horses sold pretty cheap. Some had trouble bringing their original stud fee. People who were buying picked up some bargains.

What a difference 6 months makes... I wonder about the 7.7 million buyback.

hpkingjr wrote:We went to watch tonight and I thought some very nice horses sold pretty cheap. Some had trouble bringing their original stud fee. People who were buying picked up some bargains.

Hip 66 only brought $25k. Vindication o/o a real nice producing mare. Must have looked awfully bad in person to only fetch $25k....any thoughts?

Monmouth Matt wrote:

hpkingjr wrote:We went to watch tonight and I thought some very nice horses sold pretty cheap. Some had trouble bringing their original stud fee. People who were buying picked up some bargains.

Hip 66 only brought $25k. Vindication o/o a real nice producing mare. Must have looked awfully bad in person to only fetch $25k....any thoughts?

Or didn't Xray or scan clean.

Sysonby wrote:

Monmouth Matt wrote:

hpkingjr wrote:We went to watch tonight and I thought some very nice horses sold pretty cheap. Some had trouble bringing their original stud fee. People who were buying picked up some bargains.

Hip 66 only brought $25k. Vindication o/o a real nice producing mare. Must have looked awfully bad in person to only fetch $25k....any thoughts?

Or didn't Xray or scan clean.

She looked fine in person. I'm with Sysonby; there had to be other issues.

imnumberjuan wrote:What a difference 6 months makes... I wonder about the 7.7 million buyback.

The main difference is that this number is real money bid by a real person, and the 7.7M from September wasn't.

LB wrote:

imnumberjuan wrote:What a difference 6 months makes... I wonder about the 7.7 million buyback.

The main difference is that this number is real money bid by a real person, and the 7.7M from September wasn't.

Interesting and true.... wonder what the 'real' bidding for him was last September?!

Daisy Jal Dastur wrote:

LB wrote:

imnumberjuan wrote:What a difference 6 months makes... I wonder about the 7.7 million buyback.

The main difference is that this number is real money bid by a real person, and the 7.7M from September wasn't.

Interesting and true.... wonder what the 'real' bidding for him was last September?!

The live money appeared to end around the upper middle of the reserve.

If that was the case, they may have been better off selling him last year!

I got that update on my Blackberry, and I didn't see the point between 1 and 9, so I thought he sold for $19 million. I was absolutely stunned, couldn't believe they didn't learn a lesson from The Green Monkey. Laughed my head off when I saw it was only $1.9 million later. Who knows if there was really a $7.5 million underbidder before, or whether it was shilled up that high. Guess we'll never know.

well times are tough - the credit markets crashed after Keeneland Sept sale did they not?

If you needed credit, he wasn't worth 7.7M.....Is it me, or does Jr look like some sort of inbred?
*edited for language

imnumberjuan wrote:What a difference 6 months makes... I wonder about the 7.7 million buyback.

Its called an Epic fail. How do you pass up $7.7 million? Obviously you take $1.9mn, but to have a reserve over $7mln is absurd. The probability that a horse makes more than $7 mln in his lifetime is extremely low. Its either greed or vanity. Or both.

Playwithfire wrote:

imnumberjuan wrote:What a difference 6 months makes... I wonder about the 7.7 million buyback.

Its called an Epic fail. How do you pass up $7.7 million? Obviously you take $1.9mn, but to have a reserve over $7mln is absurd. The probability that a horse makes more than $7 mln in his lifetime is extremely low. Its either greed or vanity. Or both.

The $7 million was a fantasy that never existed. They may have passed up $3 million with that stunt last year depending where the live money ended. After that, they were like the boy who cried wolf and no one (except evidently Baffert and his client) put effort into acquiring the colt which probably further depressed the price this time around.