Little Red Feather did buy my favorite horse in this sale for $195,000. That is a big price tag for a $5,000 sire. Mr Speaker has producer one decent runner in Speech, but not much else. The mare is a nice small stakes winner by Dynaformer, and the 2nd dam was a solid $500,000 winner.
LRF has done a nice job, and the horse is headed to the barn of Chad Brown. I usually cheer against Chad’s horses, now I would have to cheer for him. LRF has done most of its work in California.
My guess is the price tag would be about $15,000 for 5% plus $750 a quarter in expenses (roughly a rate of $5,000/month). As a filly there might be some residual value here, but not what a Mr Speaker filly is worth.
The seller was author Peter Vegso, who raced the mare. I am not sure I love the idea of a racing guy selling mares.
If I have to make a decision today, the answer will be no, but if these shares linger into next week I will have to think about it. I will know the exact financial terms in 30 minutes.
Buying A Race Horse 