Mistake

I did not come to the sale expecting to buy a Street Sense. His stud fee is $75,000. He is the sire of Maxfield and McKinzie. But his offspring did not sell well at this sale. This is his 10th crop of racing age. Buyers seem a little bored.

Along came hip #327 a son of Street Sense by a solid War Chant mare named Raising Dakota. She was a decent allowance horse at Canterbury running a 93. #327’s second dam produced the multiple graded stakes winner Pants on Fire. It is not perfect pedigree, but it is above average.

On the first day I had tried to buy several value horses at about 1x the stud fee, but each was RNAed. I was frustrated and planned to abandon the Value Partnership idea. But I did my homework late into the night for the second day of the sale. I thought this horse would sell for at least 1x the stud fee. He worked a decent 21.2, 38% were faster, but 50% were slower.

Then the bidding slowed down to $1,000 dollar increments at only $10,000. What was going on? Was everyone asleep? I mythically raised my hand and then the bidding stopped at $20,000. I did not really come to the sale planning to buy this horse, but I got him anyway. In the real world this way of buying a horse is almost certainly a mistake, but it could happen. I was sure this horse would not attain its reserve, but it did. I got him for 26% of the stud fee or .26 x. That’s a value, or maybe he is missing a leg.

The real buyer was Bradley Thoroughbreds, winner of 34 Grade 1 races. What plans do they for this guy? It will be fun to watch.

I have mythically named him:

Quixote’s Mistake