From 40k claimer to 550k for a 25% share. Equirace bought this horse privatley for 150k back in January. Is 1.1 million for 50% of this horse a bargain or is it overpriced?
http://equirace.com/section2details.asp?id=41
550k for a 25% share of With a City
Moderators: Roguelet, hpkingjr, WaveMaster
Umm. Considering 90% of War Emblem was sold for $950K(?) after he had already won the Illinois Derby and was pointed to the KY Derby (which carried a $1 million bonus if he won both, and he'd completed half of the task) I think $1.1mil for half of With a City is an awful lot. There is no bonus I know of for winning the Lane's End at Turfway and the KY Derby 
... on the other hand the KY Derby purse is $2mil this year instead of $1mil. But the winner's share is only $1.2 mil less trainer and jockey, so $1.1mil for HALF the horse doesn't look like much of an investment.
... on the other hand the KY Derby purse is $2mil this year instead of $1mil. But the winner's share is only $1.2 mil less trainer and jockey, so $1.1mil for HALF the horse doesn't look like much of an investment.So Run for the Roses, as fast as you can.....
Re: 550k for a 25% share of With a City
hi HR LLC
Best to you.
Respectfully
HR LLC wrote:From 40k claimer to 550k for a 25% share. Equirace bought this horse privatley for 150k back in January. Is 1.1 million for 50% of this horse a bargain or is it overpriced?
Best to you.
Respectfully
Last edited by FOS on Sat Apr 01, 2006 4:10 pm, edited 1 time in total.
http://www.equirace.com/section2details.asp?id=41
I think they changed the pricing on him. I guess nobody bit at 550k for 25%ownership(1 share).
Now he is priced at 17 shares @ 50k per. That gets you 2.5% ownership per share. The numbers work out to 850k for 42%.
I think they changed the pricing on him. I guess nobody bit at 550k for 25%ownership(1 share).
Now he is priced at 17 shares @ 50k per. That gets you 2.5% ownership per share. The numbers work out to 850k for 42%.
Strangely enough, if they stopped with the piecemeal stuff which ordinarily would inflate a horse's price, they probably could get $2 million or darn close. It's Derby Fever, he's guaranteed a berth, there's no overwhelming favorite and War Emblem showed everyone this can be done. Some half a billionaire can go out and try to buy history. But they won't want to share the podium with 20 others.
Hi All,
Wish me luck!
I just found the last two 1% owners packages to With A City in a bin at Wal-Mart (original sealed packages!) and bought them each for only $29.95. I did have to prepay a year's expenses of $1000 per package ($2,000 total) though.
KY Derby here we come!
(burp)
Pete
Wish me luck!
I just found the last two 1% owners packages to With A City in a bin at Wal-Mart (original sealed packages!) and bought them each for only $29.95. I did have to prepay a year's expenses of $1000 per package ($2,000 total) though.
KY Derby here we come!
(burp)
Pete
Has a palomino jean that pop up some.
This stallion is DNA ... all foal can be MBNA inrolled.
Horses like their credit cards. - Four Forty Farms
This stallion is DNA ... all foal can be MBNA inrolled.
Horses like their credit cards. - Four Forty Farms
austique wrote:Pete,
Are you sure you weren't at K-Mart? Wal-mart generally has more upscale products.
Actually I was gonna guess Goodwill.
LOL won't we all just die if he actually won? I think I'd be laughing so hard at the joke that I played on myself for putting him back on the shelf and not in my shopping cart. Same with a few others. Hey if any of you folks are betting on the race, couldn't hurt to put $2 on him to win or something instead of buying a 20 oz Coke and a candy bar with it just to be able to say you had him when no one else did. Hey obesity's a problem--put the Coke down and waste it on a "hopeless" Derby contender..you know just in case. Unless of course you're buying one of those really expensive mint juleps and you can't really spare it.
"Time flies like an arrow, fruit flies like a banana"
