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<p>[QUOTE=&quot;PlanoSteve, post: 8017849, member: 91609&quot;]You know, you really should know your subject before you state your opinion as fact, otherwise you damage your credibility.</p><p><br /></p><p>People pay big money at yearling auctions precisely because (the hint is in the auction title: &quot;yearling&quot;) they are young.&nbsp; They are betting on the pedigree of the horse, their ability to identify which horse may develop into a winner &amp; the assessment of their staff of experts, including trainers, vets, jockeys, etc.&nbsp; They bet that their own people can develop the winner.</p><p><br /></p><p>Already trained horses do not routinely sell (at least not the really good ones) except, for example, at &quot;claiming races&quot; (yes, exactly what the name means - you can obtain any horse in a &quot;claiming&quot; race - they are identified on the daily racing form); or through a private sale, etc.&nbsp; Owners (that term includes their &quot;advisors&quot;) may do this if they see things in a horse they think they can improve upon.</p><p><br /></p><p>And while they can make big money winning races, the really big money is in finding the next champion &amp; marketing the stud services.</p><p><br /></p><p>Racehorse ownership is not for anyone who does not have money to burn![/QUOTE]</p><p><br /></p>

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