Re: Another View of Modern Racing From Bobby Trussell (410 Views)
Posted by:
fkach (IP Logged)
Date: October 05, 2007 10:18AM
>"Lurking under the lofty numbers posted by the Keeneland September sale is the fact that only 25% made a profit for their breeders".<
If that many breeders are losing money, then owners paying huge prices must be getting demolished. I thought that breeders were benefitting from the strange economics. IMHO, income streams must determine intrinsic value, not the ability to find a greater fool and sell at a higher price.