A sound rideable horse with that training, and capability to go higher 40K is not out of the question at all. What I would like to know is why a warmblood that may be limited lower can fetch the same price simply because it says warmblood - moreover a WB GELDING. I know around here a quality 2nd level horse regardless of breeding goes in the 20K neighborhood with potential to move up. And that’s not a world beater. That’s your average everyday horse. People are paying for a name in the lower levels when they pay those amounts. They aren’t paying for results. I’d much rather spend my money on a proven horse than eh maybe.
I see the same thing in the TB industry. Sure breeding to proven is a better chance, but in the end it’s a crap shoot. Send the best to the best and hope and pray. You still have to have a great trainer, a competent rider, and it must stay sound. Same thing with dressage, eventing, whatever else. I can buy a youngster that should be the perfect dressage mount, moves like all get out, and absolutely hate it. The good rider/trainer realize that and find another career.
With young horses involved it is always a chance. What I find funny about the racing industry, is if a virtually or mediocre bred stallion or mare wins well, it wins rights to the shed. Usually for a pretty fair price. Some turn out well, some don’t. Those that don’t either stand for almost nothing or move into siring QH or sport horses as well. Others may not look like much, can run, and end up throwing successful foals (or in the case of secretariat and buckpasser broodmare sires).
Just because it doesn’t look like much means doesn’t mean it can’t do. Evidently the little guy is competitive. I wouldn’t mind him for a few people I know !
As for Daventry, nice mare. I went to their page as well and saw her. She looks fairly nice - what turned out to be her weakness issues ? Physical, neuro, or unknown at this time ?