First and foremost, many of our horses are homebred. These are horses bred and owned by individuals who will race them. Horses which are not homebred are ones bred to be sold at public auctions, usually bred by commercial breeders. Great horses come from both programs. When you buy a horse at a public auction, one thing is guaranteed, you paid more for that horse than anyone else was willing to pay. Think about that for a second: hundreds if not thousands of potential buyers considered buying this horse, and the person who bid the absolute most got it. People buying into fractional ownership groups that obtain their horses at public auction are paying the absolute maximum the horse is worth as determined by the buying public. Most of our horses are homebred and are priced below the maximum selling price. When we do purchase a horse at public auction it is because it was a horse, we wanted for ourselves, not a horse bought just to fill an order. The few horses we purchase at public auction will be future broodmares, which allows us to expand and update our breeding operation.
