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Have I missed something ( or are we in an emperor’s clothes type situation) but why is Jetsetting worth £1.3 million?
I’m no expert but an unspectacular pedigree but over and above because its the price someone was prepared to pay does it make any sense or is it a case of agents getting carried away in the absence of clients who have got more money than sense?
I don’t think it’s good value but it must be the deal of the century.
Imagine buying a horse for £12k, winning three races and selling it on for a million quid!!
Same reason Chelsea spent 40mil or whatever it was on Shevchenko, if you’re that rich then you just want to win no matter what it costs.
Plus the added benefit of potential breeding fees to get some back
Its probably a case of supply and demand. How many classic winning fillies/mares are sold at public auction? I imagine the majority are owned by breeders who stand them at their own studs. So when one does go to the sales there is plenty of demand, in particular fledging breeding operations that are seeking to accumlate a group of high-cass foundation mares.
To answer you question ….. because somebody bid it up to that at auction !!
Personally I wouldn’t think she is worth that much but as others have said a classic winning broodmare is worth plenty!!
I think it has potential to be good value. Her new owners will expect to recoup at least a small fraction of the outlay as she races on through the season.
As a Classic winner, Jet Setting will then get discounted dates with the very best stallions. Hopefully she will go on to have a full 15-20 year career at stud, but even if she only produced three or four foals there is every chance that those colts and fillies would sell nicely at the sales. If Jet Setting stays healthy and fertile, I expect her to pay back the £1.3M and then some.
She’s by Fast Company so no doubt Coolmore-phobic Sheikh Mohammed will dig deep for a few of her progeny.
My main reservation is that Jet Setting is not a good looker. To be honest, she is a bad looker – a light, slight filly with a stuttery walk and poor conformation. If her progeny are also ugly ducklings then those sale prospects might not be so good.
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