:lol::lol:
If we think that owners need long pockets, my lesson learned is that breeders' pockets don't have bottoms in them at all. It wasn't until I dipped into the lark that I learned you pay for so many more things than I'd realised. Not just the obvious, like buying a mare, paying for a stallion (even with friendly discounts), for feed and a vet's attentions, but a good half-grand just to get into a sale and nearly the same for foal prep fees beforehand.
I'd gaily assumed you, the breeder, just walked into the (free to enter) sale with the foal on a halter, and that was it. Not a bit of it - the little beasties are walked for around six weeks beforehand so that they don't go bonkers in the ring. And you pay for that, of course.
I also didn't know one paid handsomely for the privilege of putting one's little darlings into that ring - I thought the sales percentages taken by the auction houses would've been quite enough to keep them in silk ties and champagne, as per other auctions. Wronnnggg!
I also learned - as I said above - that buying a winning mare doesn't translate into winning progeny, and neither does the use of a fabulous sire (AGNES WORLD - soon known as Dud after the first couple of seasons), although thankfully we didn't lob out the £65,000 he commanded, as we bought the mare already i/f during a stud's Spring clear-out of older lots.
There is also the tragic side for which, naively, I was unprepared. We all know that old horses die eventually, and that a percentage get lost in action. What I never thought of happening was that a colt of just seven weeks could be found with a hock broken, obliviously suckling off his Mum, and have to be destroyed. He was by first-time sire TRADE FAIR, and a really feisty little chestnut fellow.
Also, using first-time sires will always be a punt - some work out better than others. Sometimes
much better than others! We used ICEMAN on BARRANTES, after the TRADE FAIR foal. He'd been a decent middle-range Group horse before getting injured in a race (struck into). I'd gone to see him at Cheveley Park beforehand, and we decided on him as much as anything to bring better looks to the dam's offspring, since she's plain.
The ICEMANs haven't exactly burned up the track, but as far as foal sales went, it was a disaster - the poor chap died of colic four days before the first sales carrying his progeny, with the result that no-one was going to be interested. We ended up giving his filly away, having kept her up to a yearling - we were glad we could actually manage that, unlike many unsolds who simply 'disappeared'. The recession plus ICEMAN's early death took care of any last glimmer of getting even the minimum bid (£840) for her, which is what we did manage to prise out of the buyer of TRY THE CHANCE, the MAJESTIC MISSILE (also first timer), currently with Mick Channon. However, with the auctioneers taking their cut, the final amount which my chum and I didn't even bother to find a pocket for was...
...£75.
Cautionary tale for anyone thinking of trying it out 'for fun' - it will definitely test your sense of humour! And it sure can live up to the adage of starting off with a large fortune in order to make a small one.