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 Post subject: What does the PS mean
PostPosted: Tue Jun 21, 2011 1:24 pm 
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HIP# Description/Consignor Buyer Price
151 09 C. SONGANDAPRAYER /DESTINED DREAMCATCHERS BLOODSTOCK 62,500 PS


Hello, I was looking at this June OBS to see what Song was doing and I saw the price and the "PS" next to it. Does anyone know what that means?
K


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PostPosted: Tue Jun 21, 2011 1:25 pm 
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Post Sale


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PostPosted: Tue Jun 21, 2011 1:52 pm 
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PS at Keeneland stands for Private Sale, which means the horse didn't sell in the ring but a post, or private, sale after the horse left the ring had taken place. I have bought out back after a horse failed to bring a bid or its reserve. Having the sales results reflect that kind of transaction is relatively new. It only reflects sales above the minimum, however. I've bought out back for $300-$800 and those are not handled by Keeneland or Fasig Tipton because their minimum is $1000.

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PostPosted: Tue Jun 21, 2011 2:28 pm 
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Correct me if I'm wrong... 62,500 was what the owner got after the sale and thats above the minimum?
Holly Cow esp for a Song two year old.


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PostPosted: Tue Jun 21, 2011 2:58 pm 
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some consignors will sell for where the bidding stalled or what they had thought the reserve should have been.

Hey, I'll offer you $50k..

I'll take $65,000.

Will you settle for $62,500?

Sold, Let's go to the office.


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PostPosted: Tue Jun 21, 2011 3:03 pm 
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62,500 might have been below the reserve, though.

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PostPosted: Tue Jun 21, 2011 3:27 pm 
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holly cow --


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PostPosted: Tue Jun 21, 2011 6:02 pm 
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The June OBS is for two year olds in training. Prices can be crazy.. to put it in perspective, though, the horse in question was bred in 2008 when Songandaprayer's stud fee was $25,000. Meaning the dam should have been worth at least $75K and a year of her breeding life worth about $10K. Factor in about $20K to raise the foal. At $62,500 for a two year old in training, if the horse still belongs to its breeder, well it is really NOT a "holy cow" moment.

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PostPosted: Tue Jun 21, 2011 6:22 pm 
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Madelyn
Okay, you and I know, that.
Walmac is very very happy to have customers for Songandaprayer. More than likely they didn't have to pay that type of stud fee. Like me.

20,000 to raise a baby???
I say holy cow. I understand training for a few months but I never went through that much to get my girl up and going. Maybe because I have a place of my own to raise.

Karen


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PostPosted: Sun Jul 03, 2011 7:43 am 
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karenkarenn wrote:

20,000 to raise a baby???


In Kentucky, board is anywhere from $20-40 a day per horse. Sales prep and/or training is much, much more. It can easily cost $20,000 to get an early foal up to a late 2 year old sale and probably more.


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PostPosted: Sun Jul 03, 2011 1:24 pm 
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Thank God I don't live in Ky........... :D :).
Wow thats quite a bit of money just to raise one.


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PostPosted: Mon Jul 04, 2011 8:10 am 
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Not really. To put it in perspective, you would factor in all of your soft costs, raising one at home. Owning your own place doesn't make the grass on it free. Nor the labor to feed and care for the horses, even though you live there. If you tracked all of your time at, say, $10 an hour you would come up with an estimate. Take the acreage devoted to the horses, and apportion mortgage/taxes/insurance to that land. When horses are boarded, each horse has to pay its full share - for all of the land, facilities, and labor involved. When you spend money to renovate, repair or build fences, barns, water or electric lines, run-ins, pasture, etc., all of that is factored to the horses, both materials AND labor. Imagine that you were unable to go out and water and feed - and that every minute you were paying someone else to do it. Now take what that cost would be and apply it since your time really is not "free." If you put ALL of your costs, hard and soft, into a spreadsheet and then spread it out per horse, less income specifically from the horses, the results might surprise you. You might be "spending" quite a lot more than you think.

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PostPosted: Mon Jul 04, 2011 8:41 am 
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That's how I think of it. I'm renting someone's property, staff, time and expertise and of course that takes money.


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PostPosted: Mon Jul 04, 2011 8:42 am 
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Thank God I have kids and good neighbors... :lol:

I get i get it. Just makes you be thankfull for a lot of things :D


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