$2 Million Mistake
B Wayne Hughes decided to sell Greeley's Galaxy because the horse was not running well any more. Hughes did not do his homework. He did not realize that the horse had quite a bit of value as a stallion. So he sold the horse for $200,000. The horse has a full book and is standing for $7,500. That means the horse is worth well over $2 million. He sold a $2 million horse for $200,000.
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