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Originally Posted by slotdirt
How is it so hard to figure out why a Friends Lake is selling for $450k? He was a GI winner by a GI winner out of a GI winner. Doesn't seem entirely unlikely to me.
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Not to over simplify it too much, but think of it this way - the horse sells for $140K six months ago because of his breeding, confirmation, and how he vets.
Last month - he gets entered in a 2yo sale. He flashes an impressive physique and works a furlong in 10 seconds flat ... showing excellent raw speed for a horse bred to get a distance of ground. He sells for 450K.
Had the same horse worked his furlong in 11 flat and not moved well in the process - he'd have most likely been A.) scratched from the sale. or B.) sold or RNA'd for about half of what he sold for as a yearling.