Author Topic: Lexington sale  (Read 13237 times)

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augustaandy

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Lexington sale
« on: October 04, 2021, 11:09:58 AM »
big balloons this year, probably highest grossing Lexington sale ever

everyone is on their way there now if not there already

who will get the next Damien, Maverick or One Eight Hundred

Tuesday evening will make great theater

COUNSELOR

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Re: Lexington sale
« Reply #1 on: October 04, 2021, 11:43:11 AM »
IT WILL BE AN EXCITING WEEK AND THE OHIO BREDS WILL BREAK EVERY RECORD THERE EVER WAS FOR THE OHIO ELIGIBLES.   KENTUCKY WILL ALSO OFFER HUGE PRICES AS MANY OF THESE HAVE DUEL ELIGIBILITY.

I THINK THE PA, NY AND NJ BREDS WILL ALL SUFFER DUE TO THE MOVEMENT TO OHIO AND KENTUCKY.   THE CLOSE PROXIMITY OF OHIO AND KENTUCKY TRULY MAKE THESE ELIGIBLES A HOME RUN!  PLUS THESE STATES ARE BOTH ON THE UPSWING WHEREAS THE OTHER STATE PROGRAMS HAVE CHALLENGES.

BIG BUCKS!!  NEW RECORDS!!!!AND PERFECT TIMING WITH THE HOUSING AND STOCK MARKET BOOM!!!  HARRISBURG MAY NOT BE AS STRONG DUE TO THE MARKET CORRECTION THAT IS UPON US AND THE STATE BRED SIRES STAKES PROGRAMS IN THE NORTHEAST.

THE SELLERS IN KENTUCKY WILL BE REWARDED IMMENSELY!!  THERE WILL BE MANY THAT NEVER PAN OUT BUT THERE WILL BE MANY THAT TRULY ARE GOOD BUYS AND HOPEFULLY MAKE THE OWNERS/TRAINERS A NICE LIVING!!!

GOOD LUCK TO ALL OF THESE FOLKS THIS WEEK!

augustaandy

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Re: Lexington sale
« Reply #2 on: October 04, 2021, 12:08:25 PM »
Hanover Shoe brought their best yearlings to night 1 at Lexington. Many programs, especially KY and NJ, are on the upswing.

Chapter Seven's, Muscle Hill's and Walner's will all be in huge demand. 1st crop Tactical Landing will also be wanted, although as a 2 year old he was awful.

On the pacing side, the Downbytheseaside's will be in huge demand. Rich people have never been richer, and they will fight each other to overpay the 1st 2 sessions, and the last one. 

Harnessfan902

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Re: Lexington sale
« Reply #3 on: October 04, 2021, 11:07:20 PM »
The sister to Hannalore will be a huge number.    Amazing looking filly but the mare has had all duds except one.     Time will tell.   Greenshoe or Maverick.

augustaandy

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Re: Lexington sale
« Reply #4 on: October 05, 2021, 12:02:36 AM »
one well-respected owner told me tonight, "I'll be looking to buy the nicest horses at reasonable prices Tuesday night"

I told him he would get NONE!

the biggest buyer at Tuesday night's sale will be the IRS

if someone has a huge amount of gains this year and lives in a high tax state and spends it, they can get a massive write-off

suddenly a 1 million dollar horse costs $500,000 out of pocket

too many people have far too much money this year and need write-offs

big balloons

half round full swedge

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Re: Lexington sale
« Reply #5 on: October 05, 2021, 09:18:26 AM »
Hanover Shoe brought their best yearlings to night 1 at Lexington. Many programs, especially KY and NJ, are on the upswing.

Chapter Seven's, Muscle Hill's and Walner's will all be in huge demand. 1st crop Tactical Landing will also be wanted, although as a 2 year old he was awful.

On the pacing side, the Downbytheseaside's will be in huge demand. Rich people have never been richer, and they will fight each other to overpay the 1st 2 sessions, and the last one.

Been overpaying for horses for years

COUNSELOR

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Re: Lexington sale
« Reply #6 on: October 05, 2021, 11:29:04 AM »
AGREED!!  THE SECTION 179 OF THE IRS CODE WILL MAKE SO MANY SO MUCH!!  HOW CAN YOU EXPENSE A HORSE ON THE DATE OF PURCHASE!!!  YOU CAN NOW!!!!

HUGE SAVINGS FOR THE WEALTHY AS WELL AS MANY COMPANIES!!!

Mr_Ed

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Re: Lexington sale
« Reply #7 on: October 05, 2021, 12:34:48 PM »
one well-respected owner told me tonight, "I'll be looking to buy the nicest horses at reasonable prices Tuesday night"

I told him he would get NONE!

the biggest buyer at Tuesday night's sale will be the IRS

if someone has a huge amount of gains this year and lives in a high tax state and spends it, they can get a massive write-off

suddenly a 1 million dollar horse costs $500,000 out of pocket

too many people have far too much money this year and need write-offs

big balloons

I'll agree far too many peeps have too much money/crypto.

However, please explain the above highlighted statement you wrote.

Thank you.

augustaandy

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Re: Lexington sale
« Reply #8 on: October 05, 2021, 12:38:54 PM »
https://ctba.com/race-horse-depreciation-extended/#:~:text=The%20provision%20allows%20taxpayers%20to%20depreciate%2C%20on%20a,into%20service%2C%20as%20opposed%20to%20a%20seven-year%20schedule.



The provision allows taxpayers to depreciate, on a three-year schedule, racehorses 24 months of age and younger when purchased and placed into service, as opposed to a seven-year schedule.

Mr_Ed

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Re: Lexington sale
« Reply #9 on: October 05, 2021, 01:58:01 PM »
https://ctba.com/race-horse-depreciation-extended/#:~:text=The%20provision%20allows%20taxpayers%20to%20depreciate%2C%20on%20a,into%20service%2C%20as%20opposed%20to%20a%20seven-year%20schedule.



The provision allows taxpayers to depreciate, on a three-year schedule, racehorses 24 months of age and younger when purchased and placed into service, as opposed to a seven-year schedule.

Thank you!!

 tmbz1

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Re: Lexington sale
« Reply #10 on: October 05, 2021, 05:22:12 PM »
Walner pulls a lot of Muscle Hill dollars away. There are just 44 M Hills in the sale so average may still stay high but there have been year over year 6 figure bust out of the star sire. 16 on the first day see how it goes. 2 new trot sires and 2 pace sires. Can see new highs on day 1 and see how things fall after.

pickfourny

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Re: Lexington sale
« Reply #11 on: October 05, 2021, 05:38:56 PM »
https://ctba.com/race-horse-depreciation-extended/#:~:text=The%20provision%20allows%20taxpayers%20to%20depreciate%2C%20on%20a,into%20service%2C%20as%20opposed%20to%20a%20seven-year%20schedule.



The provision allows taxpayers to depreciate, on a three-year schedule, racehorses 24 months of age and younger when purchased and placed into service, as opposed to a seven-year schedule.


What about 100% Bonus Depreciation in the first year of depreciation when considered to be placed in service? When the business "asset" is first eligible for depreciation, then 100% of the cost can be written off that year.

 

cigar

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Re: Lexington sale
« Reply #12 on: October 05, 2021, 06:42:01 PM »

What about 100% Bonus Depreciation in the first year of depreciation when considered to be placed in service? When the business "asset" is first eligible for depreciation, then 100% of the cost can be written off that year.

 
With all your knowledge and $$$$ Iím shocked you ainít got a horse or two in the hambo

cigar

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Re: Lexington sale
« Reply #13 on: October 05, 2021, 06:51:25 PM »
With all your knowledge and $$$$ Iím shocked you ainít got a horse or two in the hambo
Sorry comment was meant for pigeon Jim

horses first

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Re: Lexington sale
« Reply #14 on: October 05, 2021, 07:48:31 PM »
Sorry comment was meant for pigeon

Bird shit for brains Cigar what's up. Hawthorne is over and your done training your 4k claimers? Hambo, no learned long ago buying fillies were the better route. Did have a 4th in the BC. Thanks for chiming in.

 

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