I was riveted to HRTV tonight watching the Fasig-Tipton's Selected Fall Mixed Sale in Lexington. While the world markets continue on a riotous roller coaster ride and global economies groan to their knees, millions and millions of bucks flowed through the better horse racing sales department. Encouraging and hopeful for a business severely affected by the economic downturn and also suffering image problems of major proportions.
I was on the edge of my couch hoping Better Than Honour (pictured) would surpass the sales record of The Green Monkey. Didn't happen but 14 mil isn't too bad for a 12-year-old broodmare not in foal. I won't go into the stats of how much or who, you can look all that up yourself and catch up on the connections who were basically buying their own horse at dispersal. My interest is much more self-serving. I'm inclined to the current "spread it around" theory, especially when applied to investing in horse racing art.
“Ambition is like love, impatient both of delays and rivals.” - Buddha