A little honesty made me feel much better about day one of the sale.
In a TDN article an agent admitted that the buyback rate in the NY-bred part of the sale (which was over 50%), can be attributed to the breeders having more opportunities to race these horses and reap all the generous benefits of the NY-bred program. This is the first admission I have read that racing rather than selling is real option for many sellers
It still makes me worry that the only way I can buy a horse is to “overpay”. I will keep a close eye on what happens to these horses over the next few years.
Fasig-Tipton also made a real effort to post the name of the buyer about 30 minutes after the fall of the hammer. At Ocala this often took over 2 hours
Buying A Race Horse 