Makes sense
Thanks.
Thereās a story from the Keeneland sales many decades ago wherein a farmer attending the sales thought heād bought a yearling for $1800. The farmer was not prepared to pay the actual sales price of $18,000, so the yearling went back through the ring.
It may be an apocryphal story, or a composite of several tales of the same nature from the days before all buyers were required to establish their credit before being allowed to bid.
A funnier version from Britainās yearling sales had a bank manager warning one of his trainer clients to exercise restraint at the upcoming auction. The trainer couldnāt help himself and afterwards sent a cable to the bank manager: āHave bought you ten nice yearlings. Hope you will like them.ā According to the storyteller, the bank manager was of a sporting nature and the purchases turned out rather well for him.