Why have some horses in a two year old sale already have a name? Is this an important variable? It seems that 5-10% already have a name.
Being a cynical bastard, I worry a little about horses that already have a name. It makes me think the current owner intended to race the horse, but now wants to sell it instead. Did something go wrong?
I am sure there are other possible explanations, but I worry about the one above. Naming a horse is one of the benefits of ownership. Why would someone take the risk of using a name a potential owner did not like?
I assume that once a horse is named, it cannot be changed, but I am not certain of this rule.
This reminds me that there are still many details about these sales that i do not understand.
Buying A Race Horse 