Ten Strike made an interesting admission during their podcast. They admitted that the rate of return was probably measurably higher on mid-price ($40,000 to $60,000), than it was on more expensive horses. The big upside comes at $100,000 plus. Maybe this is obvious, maybe it is not. Of course the upside they are primarily looking for is the next son of Into Mischief or Munnings that could be a sire. That is where the money is.
The guys said all you could hope for is a decent horse that could win an allowance race from a $50,000 sale horse. Of course sitting right next to them was a young lady that selected a $40,000 daughter of the obscure sire Flashback at a yearling sale. That horse was British Idiom, the BC Juvenile filly winner last year.
Buying A Race Horse 