Bloodstock & Breeding
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I notice that the filly Silver Turn was originally purchased for 34,000 guineas by Anthony Stroud Bloodstock and then sold for 28,000 guineas to Oliver St Lawrence Bloodstock as a 2yo in April 2010. What would prompt anyone to sell on a horse for six grand less than they bought it for ?
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A whole number of reasons spring to mind bluebook,nothing in this game is set in stone perhaps the horse picked up some injury or it was just unimpressive when working it may not of developed the way that was hoped for when it was sold as a yearling,and remember the market is still very much 'patchy' sometimes its better to get out when you can always remember your first loss is your best loss,as a rule with bloodstock the stakes are high generally speaking its big profit or sometimes big loss it goes hand in hand with this industry.
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bluebook, ofcourse Prima Donna has covered this, but just to reiterate in case you are very unfamiliar with this part of the game, The horse will have been bought specifically to sell on. The buyers would have hoped to make money by pitting their knowledge against the market. The game is not an inexact science, it isn't any sort of science atall! And if you've got to sell, then you've got to sell and one thing about the game that is quite structured are the outlets for the majority of sales to take place.
They purchased at a standard sale and then they needed to sell at another one. Then cruel fortune had his say! |