
$1,650,000.
ETA: She sold to Dr. Masatake Iida. Anyone familiar with who this is?
TapitsGal wrote:Anyone know who bought life at ten and criminologist
mosieposie12 wrote:Coolmore got her will be bred to American Pharoah
Ballerina wrote:mosieposie12 wrote:Coolmore got her will be bred to American Pharoah
Nicks out to a C. Guess one can't always go by a nicking system.
Macaroni wrote:So, I am not too well-versed in the sales stuff, so this may be a dumb question, but can someone answer this for me:
Brian Graves purchased the weanling filly by American Pharoah o/o Life at Ten and in an interview said the following:
"We intend to re-sell her next year," said Graves...American Pharoahs have been selling well. She's out of a grade 1 winner and she's all class, so we'll take a shot."
What is the point of that?
Ridan_Remembered wrote:Macaroni wrote:So, I am not too well-versed in the sales stuff, so this may be a dumb question, but can someone answer this for me:
Brian Graves purchased the weanling filly by American Pharoah o/o Life at Ten and in an interview said the following:
"We intend to re-sell her next year," said Graves...American Pharoahs have been selling well. She's out of a grade 1 winner and she's all class, so we'll take a shot."
What is the point of that?
It's called pin-hooking and is pretty common on the commercial side of breeding. If the filly continues to develop nicely, he stands to make a profit. Pin-hookers have to balance the purchase price for and care of the weanling for about a year against the potential yearling sales price. They have to hope nothing happens to the weanling in that year, too. It's a bonus if any relatives of the weanling win stakes and enhance the weanling's catalog page. There must be potential profit in it because, as mentioned, pin-hooking is pretty common.
Macaroni wrote:Whew, that seems...super risky. But I guess it must pay off if it's so common. Thanks for the explanation!
Macaroni wrote:Ridan_Remembered wrote:Macaroni wrote:So, I am not too well-versed in the sales stuff, so this may be a dumb question, but can someone answer this for me:
Brian Graves purchased the weanling filly by American Pharoah o/o Life at Ten and in an interview said the following:
"We intend to re-sell her next year," said Graves...American Pharoahs have been selling well. She's out of a grade 1 winner and she's all class, so we'll take a shot."
What is the point of that?
It's called pin-hooking and is pretty common on the commercial side of breeding. If the filly continues to develop nicely, he stands to make a profit. Pin-hookers have to balance the purchase price for and care of the weanling for about a year against the potential yearling sales price. They have to hope nothing happens to the weanling in that year, too. It's a bonus if any relatives of the weanling win stakes and enhance the weanling's catalog page. There must be potential profit in it because, as mentioned, pin-hooking is pretty common.
Whew, that seems...super risky. But I guess it must pay off if it's so common. Thanks for the explanation!
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