Dynamformer-Coronation Cup yearling

[Merlinsky]

http://auctions.bloodhorse.com/viewstory.asp?id=41564

I was wondering why they'd buy him for $300,000 at first and then he becomes a $180,000-190,000 colt. Did he physically develop as less appealing than he was as a weanling? Just strange with his breeding. I know Dynaformers are selling better now and I know that his female family is strong so I thought someone here might have seen him or know what the deal was.

"A Dynaformer colt whose second dam is Broodmare of the Year Glowing Tribute was sold for $190,000 to top the Oct. 23 session of the Fasig-Tipton Kentucky October yearling sale, which concluded with double-digit increases in gross, average, and median prices.

Purchased by Fox Ridge Farm Inc. from the Gainesway consignment, the colt is out of the grade III-winning Chief’s Crown mare Coronation Cup. Coronation Cup is a half-sister to Kentucky Derby (gr. I) winner Sea Hero, to grade I winner Hero’s Honor, and to graded stakes winners Glowing Honor, Mackie, and Wild Applause, the latter a multiple graded stakes producer.

The colt was purchased by BGH Ranch for $300,000 at last year’s Keeneland November Breeding Stock Sale and then reported sold to Mike Ryan, agent, for $180,000 at last month’s Keeneland yearling sale."