I have done a quick analysis of yesterdays sale.
As a general rule, i have always worked on needing to get about $15,500 at sales ie $14000 in the hand in order to break even on most yearlings.
In yesterdays sale, there were 211 lots catalogued. Of those, 28 were sold for greater than $15,000.
In other words, 87% of yearlings were either taken home by their vendors or sold at a loss.
Now that cannot and will not continue...