Average....

Hey there I was wondering what is the average price of a 4 y/o mare that is not at the top of her game or either way??? SOrry Lindsay :stuck_out_tongue:

Remedyā€¦

Again as to the HUGE post Shanthi made about wanting to buy horses:

More than likely this post will be deleted, but go searching for a 4yo mare, ask a price, and the owner will reply.

Lindsay

Price, especially for broodmare potential mares, varies enormously based on bloodlines.Ā  On average though, Iā€™d be VERY surprised if you could get a mare for under 50,000 and Iā€™d say youā€™re doing well to get it for under 100,000, regardless of bloodlines/records.Ā  Maiden 4yo mares or ones with 1 or 2 wins in 20-30 starts would be in the 50,000 range Iā€™d expect as they just donā€™t make the cut for most established stables with a broodmare band.Ā  Mares by stallions whoā€™ve produced ANY MSW foals are likely abover 100,000, if theyā€™ve got 1/2 sibs who are reliable runners/SP then Iā€™d say youā€™re looking at over 200,000.

Ok, thanks for telling me. So now I know what iā€™m looking at when it comes time. Comon My racers!!! I need a new broodmare:p

Thatā€™s really great information Andrea.

I am curious. As broodmare prospects go, what is the thought on FF generated phenom mares like Daddyā€™s Little Sta or Telescopic just to name a couple? Where is the value line drawn on something with no bloodlines to draw upon vs. a mediocre blueblood racemare?

I canā€™t speak for anyone else, but for meā€“race record is the most important thing to consider when purchasing a broodmare prospect.Ā  If sheā€™s done well, she obviously has the talent to pass it on to her foals.Ā  She may not be passing a high percentage of those good traits, but if you start with a quality mare (read: one that runs and wins), chances are youā€™ll probably get a better quality foal.

As for the blue bloods, thereā€™s potential that they may be really nice broodies, but they have not exhibited having the talent on the track.Ā  You may end up with a fabulous broodmare, or you may end up with a dud that throws duplicates of herself.

Thus, for me, performance trumps bloodlines.Ā  For a consistent MSW mare Iā€™d easily be willing to pay up to $750,000-$1,500,000 or more, but it really depends on her record and her earnings.Ā  Depending on what lines, and if I was partial to them (such as Second Chance), I may pay a similar rate, but more than likely Iā€™d max out at a lower benchmark, such as $300,000-$500,000.

I know Iā€™m probably on the more conservative side of things, too.

Man, how do you get that much money???

I was basing my numbers on the assumption that a ā€œnormalā€ mare went for $50,000-$100,000.Ā  Also, if you look at auction prices they tend to be comparable.Ā  My own budge is only about $2-3 million, so itā€™s unlikely I would pay these prices on a normal basis.Ā  Looking at my budget the most Iā€™ve ever paid for a horse was $500,500 for a broodmare prospectā€“Go For Glory, a stakes winner and millionaire track horse and is half to several MSW horses.Ā  However, this is an unusual purchase, as I usually spend $500-$150,000 on a horse.Ā  Thereā€™s only 4 horses since 12/06 on which Iā€™ve spent more than this.Ā  Iā€™m not rolling in the dough, as my budget is only $2,300,000, so itā€™s unlikely that Iā€™d spend almost 1/2 of my budget on a horse.Ā  However, these days horses, especially quality horses, have gone for top dollarā€“several million sometimes.Ā  Thus, what Iā€™m willing to pay and what others end up paying are two different things.

How did I earn it?Ā  Luck.Ā  Looking for cheap horses at auction and taking a low cost risk that ended up in big returns.Ā 

Luck in the sense that I was somehow able to snag High Chances (2nd highest for # of SW in the game), for which Iā€™m eternally grateful.

Cheap horses in the sense that I looked to buy the $500-$2,000 horses at auction, and hoped that I would come back with something good.Ā  If someone outbid me, Iā€™d swap to another forgotten horse.Ā  Sometimes Iā€™m very lucky.Ā  For example for $500 I purchased Dark Continent at auction.Ā  He was the first of his damā€™s foals to run, and his stire was not a ā€œhotā€ sire.Ā  Heā€™s now earned me $1.7 million and won 8 stakes wins.Ā  I also managed to purchase MSW Determined and MSW Hollywood Native for $500.

But sometimes youā€™re unlucky, and you end up with horses that would prefer to run out of the gate backwards and eat the turf course rather than run.Ā  If such is the case, after a certain period, you throw them into a claimer and see them off to a new home.Ā  The fact that youā€™ve only spent $500-$2,000 on them means that even if itā€™s only a $5,000 claimer, youā€™re still making money.

When you buy a horse, racehorse, broodmare or otherwise, your first question should be: Can they earn this investment back?Ā  If not, why are you paying that much?

Just a thought.Ā  Good luck.

Because itā€™s fun (read: insane) to pay $1,250,500-$2,500,000 on untried yearlings.  :wink:

Though I bought them purely based on their potential as broodmares.  Obviously if they insist on only running out of the gate backwards their entire life, I might not be quite as happy with breeding them, but if nothing else, their foals should sell well, based on their bloodlines. :slight_smile:

Definitely no ā€˜averageā€™ price. Iā€™d say that Oblivious, who runs out of the gate backwards in most races, is worth a lot, lot, lot less than Nudge Me.

(Not sure whether she counts as an ā€˜FF generated phenom mareā€™, butā€¦close).

Heheh, I donā€™t disagree with you there, but only if you have the money to burn.  The question was how I/we managed to get huge bankrolls, and I would argue that itā€™s by NOT spending a whole lot ($100,000+) on horses.  Once youā€™ve got the gobs and gobs of money, then you can spend as you see fit.  Also, those high price yearlings/weanlings have their bloodlines to back them up.  So, itā€™s not completely insane.  Nice try, though. =)

I agree wtih that.Ā  I also think that sometimes its better to step down and put your stakes horse in an allowance every once in a while.Ā  Sometimes getting the winning purse for an allowance helps alot more than the 3rd or 4th in a stakes.Ā  Thatā€™s a lesson I canā€™t seem to pound into my own head haha, which is why I have alot in earnings but alot less in the bank.

I also have to say that auctions are not the best place to get broodmares.Ā  People pay alot more for them there than the owner would actualy ask in just a private sale.

A nice ā€œcheapā€ option is to lease mares, as well.Ā  This can be a good way to get a very high-quality foal before you have 10+ million in the bank to spend buying a really nice mare.Ā  Iā€™ve leased out my mares (95% of whom are stakes winners or stakes producers) for as little as $50,000, depending on the mare (and, of course, as much as $1,000,000 :wink:).Ā  Obviously you only get one foal from the mare, but if itā€™s a filly, youā€™ve got an automatic broodmare right there.Ā  And if itā€™s a colt, you can hope he qualifies for stud, or you can geld him and hope he rakes in the money so that you can afford more mares.Ā  :slight_smile:

A lot of owners donā€™t want to part with their mares (for good reason), but will generally be willing to lease them out for a year for the right price.

Definately agree with Shanthi on the leasing idea.Ā  If you decide to do that, Iā€™d suggest looking at mares that may have recently retired with average or slightly above average records.Ā  Most of my SP mares I donā€™t want to sell until I see how their foals do, but I donā€™t necessarily want to 3 or 4 foals out of them while I wait.Ā  Those are the type of mares Iā€™m more inclined to lease out, and usually for a fairly cheap price.

Here, Here! I have leased out 2 mares this yearā€¦ both for a fairly reasonable price. Plus I managed to claim a 4 year old mare that was just not making it on the trackā€¦ I took a chance & retired her & bred herā€¦ hopefully this gamble will pay off in a few yearsā€¦

Being in FF less than a yearā€¦ I have done alot of researchā€¦ asked alot of owners about leasingā€¦ most are wiling to lease if you are also breeding to one of their stallionsā€¦

But you have to do the research & askā€¦

Like when I asked an owner what she wanted for this one mare, I told her I would pay a good price. And I think she just blew me off like I was the brat in her life, that is kinda why iā€™m afraid to ask people about there mare.

I think youā€™re a lot less likely to get blown-off if you have a specific price in mind that you can offer. I know to me this is the most important bit of information to both give and receive. That enables a potential seller to decide if that price is too low or just right, and help them make a decision accordingly. The only times Iā€™ll ever delibearately ignore requests is if itā€™s some one-line, five word PMā€¦if someoneā€™s not going to put the energy into even properly asking me something, Iā€™m not going to worry about formulating an answer. :wink:

I understand where youā€™re coming from. Personally I really donā€™t like asking people for things, just because Iā€™m shy and afraid of looking dumb (though for some reason that doesnā€™t keep me from posting to the forum :wink: ). It is confusing sometimes when you send off a request and donā€™t get an answer, but thatā€™s rare in my experience, and it could just be because people are busy/forget/etc.

If privately negotiating things isnā€™t your cup of tea, then you just have to stalk the sales page, claimers, auctions etc. and keep your eyes out for opportunities. They will arise eventually if youā€™re patient. :slight_smile:

Well I can relate on the feeling stupid or shot down but more often than not people are very kind if you go to them in a professional kind of way. But it is the best way to go. You can go for an auction but stock tends to be pricey at those events. Or you can wait around for a sale or claimer but you can get animals with much more potential if you make deals privately.

Now I have a question. This thread has sold me on leasing broodmares (Im actually thinking about pming a few now). But at what time do you make the exchange. Right after they foal right?

Okay, when I lease hereā€™s what normally goes downā€¦

  1. Select mare
  2. Contact mareā€™s owner
  3. Discuss price
  4. Lease mare (at the moment there is no ā€˜leaseā€™ feature as such so you technically simply buy the mare for agreed price)
  5. Breed mare
  6. Mare foals
  7. Send mare back to owner (at the moment this is simply achieved by offering mare for sale to owner only for $0)

Leasing is a great way to get some nice lines into your stable. My average for leasing a mare is usually $150,000 and up. I have paid $500,000 for a lease once though (at the time it was worth it and I think the horse turned into a MSW). Stud fees of course come on top of this. Interestingly, Iā€™ve never actually talked with the owner about what happens in the event of a foal and/or mare death. You may want to come to an agreement regarding this with the owner (eg. 50% fee back for dead foal).

Have fun and good luck!

This is key.  Personally, I know I have really nice stock.  So if someone just asks out of the blue to buy/lease a horse of mine just 'cause theyā€™re nice, Iā€™m generally going to respond with ā€œsorry, not availableā€.  However, if they actually PM with something like ā€œhey, I know this horse is worth X million dollars, but I really love her, can I possibly lease her for a year for, say, $30,000 to race/breed?ā€ then I know that 1) the person knows the value of the horse theyā€™re asking for (and theyā€™re not just randomly picking horses based on their names or something) 2) they arenā€™t going to steal the horse away forever and only give me peanuts in return.  Iā€™m especially receptive if the person has done enough research to know what theyā€™re getting.

i.e. ā€œHey, Iā€™ve looked at your horse, Hollywood Gold.  I see that sheā€™s had some really nice turf horses, and I want to breed a horse who can win the English Triple Crown.  Could I lease her in 2011 for $75,000?  Iā€™d love to see how she does when bred to King David.ā€

That shows me that the person has researched the horse a bit, has a plan for what theyā€™re planning on getting out of the breeding, and theyā€™ve bothered to name a price so that I can say thatā€™s too high/low/whatever.

Pretty much my rule of thumb is: however much effort the person seems to have put into asking me for a horse to lease/buy is how much I put in in responding.  If they just ask to buy _____, Iā€™m gonna say no, unless Iā€™ve been really wanting to sell that horse for a while (which is unlikely, since if that were the case, theyā€™d go on the sales page).  However, if they actually show that theyā€™ve done some effort, Iā€™m at least going to consider their request, and possibly offer alternate options if the one they want isnā€™t available (i.e. if Iā€™ve planned out Hollywood Goldā€™s breeding schedule for the next 15 years or something :wink:).