Another sickening display of people with more money than sense showing off at the Hokkaido Sales this weekend. People celebrating $2m sales is not the way forward, especially when the same guy did the same thing last year (buying Satono Victory) and has been rewarded with a 7th, 13th and 14th for his investment - no mention of that in the hype, of course. By my reckoning, if he was an eskimo, he'd buy snow from a salesman knocking on the entrance to his igloo!
And now the Arabs have got in on the act, too - that will push Japanese prices that are already ten times (at least) too high even higher. They've totally ruined the market in Europe with their bulk buying tactics, throwing huge amounts of money at anything with four legs, distorting prices that had until recently allowed real enthusiasts to stay in the game. Although they seem to believe it is, bragging rights is not what racing is about...
