The horse business is one of self expression. LOL. While a horse may be worth what someone is willing to pay-----that horse was worth that amount to that buyer. The rest of the world may not think the horse was worth it. I can't believe some of the legitimate, real offers I've seen for horses. It makes me grateful that bad decision making is not contagious, LOL. I've made my fair share of offers on horses that are already racing. I've seen a few of them sell for a lot more. No remorse on my part, LOL. The market is certainly not an "efficient" one, LOL.