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 Post subject: Havre de Grace
PostPosted: Tue Nov 06, 2012 7:31 am 
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Location: Ocala
WOW! 10 Million!!!

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PostPosted: Tue Nov 06, 2012 8:06 am 
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Now hopefully she will throw just outstanding foals!

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PostPosted: Tue Nov 06, 2012 9:50 am 
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madelyn wrote:
Now hopefully she will throw just outstanding foals!


depends on who shes bred to...

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 Post subject:
PostPosted: Tue Nov 06, 2012 2:33 pm 
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stupid

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 Post subject:
PostPosted: Tue Nov 06, 2012 5:26 pm 
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da hossman wrote:
stupid


:?:

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PostPosted: Tue Nov 06, 2012 6:06 pm 
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For this mare to ever be an income producing asset one would have to sell $12mm worth of foals out of her over her lifetime (stud fees, expenses, cost of money, etc) which is virtually impossible. She is not in foal now so the first chance of having a yearling to sell is 2015 (breed in 2013, foal in 2014, sell yearling in 2015).

What if she has a bad yearling? Misses a year? Aborts? Has a good yearling with bad radiographs? Has an average yearling with good radiographs?

One could say owning Havre de Grace is like owning a Picasso, however a Picasso does not die as this mare eventually will, and a Picasso will continue to appreciate. This mare is unlikely to ever be valued at $5mm again, much less $10mm.

Same individual purchased Plum Pretty today for $4.2mm - a lot of money to be sure but that number actually gives the mare the chance to ultimately be profitable. One good foal from either mare will likely be $1mm plus, which is a significant return for Plum Pretty but still a long way from break-even for Havre de Grace.

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 Post subject:
PostPosted: Tue Nov 06, 2012 7:41 pm 
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gotcha!

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PostPosted: Wed Nov 07, 2012 2:25 am 
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Were are the crowd in here telling you, you are just jealous you can't afford a $10m mare?

Where are the crowd in here telling you the mare is worth it and possibly more?

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PostPosted: Wed Nov 07, 2012 7:29 am 
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Abraham Lincoln said that? really?

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PostPosted: Wed Nov 07, 2012 7:50 am 
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Mares like Plum Pretty and Havre de Grace, for a small breeder like me, are the stuff that dreams are made of. Certainly I would not, could not, ever step up for a mare like that but I can dream about producing one.. and these big fireworks sales, like any spectator sport, are kind of fun to watch.

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 Post subject:
PostPosted: Wed Nov 07, 2012 9:20 am 
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Location: Yorktown, VA
and some people just like to own fine art.

griff

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 Post subject:
PostPosted: Tue Nov 13, 2012 12:26 am 
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A friend sent me a link to see the selling video. BTW what a beautiful scene, quite different than in Tattersalls.

To be honest It is a very scary thing to own such a fortune. She is just a horse, anything can happen to her.

But I agree with Madelyn, as a breeder you just dream of such a horse.

I hope she will make the price worth!

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 Post subject:
PostPosted: Wed Dec 26, 2012 7:55 am 
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R yachts worth their price?? Everything is not a business.

griff

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 Post subject:
PostPosted: Thu Dec 27, 2012 12:35 pm 
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For the buyers it is often a prestige issue...Look how rich and powerful I am,I outbid these others...And for some 10 millions is not much and for the average person it is an investment but for others a statement....Personnaly,I often ponder what a late friend once said "a racehorse is worth X amount a pound until proven otherwise" ...

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 Post subject:
PostPosted: Wed Jan 02, 2013 12:28 pm 
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Now for something even dumber.

The brain surgeon that bought this mare is breeding her to Tapit????

Why oh why oh why?

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