That's a very good point Greg.
The flood of NZ going horses into Oz tells me that most Owners really don't give a fat rat's arse what their horses are eligible or not eligible for in terms of the various futurity events. For years and years I have laboured under the (false) impression that our yearlings had to be APG/NSW Breeders Challenge/VicBred/Australasian Breeders Crown/Gold Crown eligible in order to be attractive lots at any sale...but you know what?
I think it is all bullshit. I think it's a HUGE waste of money. Breeders are the poor bastards who think they're doing the right thing & pay up for these things. They're all along thinking these futurities are prerequisites as far as buyers are concerned....when in fact nothing could be further from the truth and these are nothing more than pleasant windfalls to buyers for which they are generally not prepared to pay any more.