why would an owner do this?

[ScottJ]

Originally Posted by ontheoutside

my question is ,,why would the owners be autioning off midnite bysou?
some people say she mite fetch 4 million

my thinking is the horse is 4 years old,, she could be a mama for 12 to 16 years
im sure the owners are not hurting for money,
so why wouldnt they take the babies for the next 15 years and tsake there chances with a great moms babies?

thanks

Let's look at the numbers when a young horse goes through the ring by taking a look at the Fasig Tipton Saratoga sales this year. The average sales price was $411,000 with 135 head sold from 182 catalogued (about 74% selling).

Using that as an "expected value", you would need a minimum of 9 to 10 years of reproductive and physical health from Midnight Bisou to meet that $4 million number, not to mention the miss percentage. That could be her entire reproductive usefulness.

From an investor's perspective, this makes all the safe-sense in the world.

From a breeder's perspective, owning such a mare to improve the breed and swing for the fences on a big time foal - just one - might make sense.