Havre de Grace
Moderators: Roguelet, WaveMaster, madelyn
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- Maiden Special Weight
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- Joined: Wed Jun 13, 2012 9:35 am
- Location: Ocala
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- Maiden Special Weight
- Posts: 164
- Joined: Wed Jun 13, 2012 9:35 am
- Location: Ocala
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- Allowance Winner
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- Location: KY
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- Maiden Special Weight
- Posts: 164
- Joined: Wed Jun 13, 2012 9:35 am
- Location: Ocala
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- Allowance Winner
- Posts: 412
- Joined: Fri Aug 14, 2009 7:08 am
- Location: KY
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.
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.
A difference of opinion is what makes horse racing and missionaries.
Will Rogers
Will Rogers
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- Maiden Special Weight
- Posts: 164
- Joined: Wed Jun 13, 2012 9:35 am
- Location: Ocala
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- Maiden Special Weight
- Posts: 164
- Joined: Wed Jun 13, 2012 9:35 am
- Location: Ocala
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.
So Run for the Roses, as fast as you can.....
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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!
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!
The more I get to know people, the more I love animals.
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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" ...
The sport and industry survive not only because of the champions that are remembered forever but also because of the losers that are so easy to forget...