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What Do Buyers Look for When Bidding on a Horse?

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    Sagamore Racing Bloodstock Agent Bob Feld on the factors he considers when bidding on a horse and the pressure involved in finding a great horse.

  • Duration 2:48
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He's got -- -- and everything thoroughbred racing bringing in close to two billion dollars in prize money last year.

If you wanna get in on the action you better be ready to take a big gamble fox business's Cheryl Casone is in Saratoga springs new York at -- forced auction.

This is not just a horse auction guys is being horse auction in North America bass says -- -- is buyers coming in all -- the role as the most exclusive.

High end auction in North America these horses just like this week co anchor line for the day here at best -- and these sources are gonna be shipped all over the world Japan the middle East Europe average work and they can go to up to 11 point 11 point two million dollars the -- is going to be auctioned off tonight we Chelsea.

-- who is out there doing the buying up Kevin played CEO sag more farms and the CEO but yet you guessed it under -- took a big gamble here outside the work harmony hired.

Agent and the nation Bob Dole Bob I haven't played has really put a lot of they continued to come to this auction today -- him the best source when you look at for tonight.

We look for athletes.

We don't and say look for the pedigree page which you pay premiums -- -- a better pedigree -- up.

-- -- for an athlete that may be using an agreement top top dollar.

So -- his arm is based in Maryland if you can find -- -- and it pets and mrs.

due -- the pressure from somebody.

He's the CEO of Under -- we don't very well the business world but as a horse owner do you feel the pressure from and to really make a great deal tonight.

Have you completed on the -- -- yourself -- you can't I mean obviously it's a pressurized business and I mean outperforms the -- you to perform for me since chief Kevin happy so it's a team effort in their courts as pressure and in that buying more losers -- winners that's it's like baseball.

You get out you know seven at ten times -- still leading inner.

OK well you know -- felt it's gonna be -- -- -- watch to see exactly the millions.

Or maybe tens of thousands spent last night I was kind of -- -- I don't know that you and other expecting -- -- -- tonight.

The last auction -- good luck tonight you deal to cut a -- as well of course we're really talking to a box this is but I wanna say I would like to thank my co -- also really quick -- an analyst Clinton is out today.

Shots killer nonoperating list -- -- of course spam to bring her back groups are up my notes and they're bring her back.

This hat from Gaza tempted I know she wanted to horse claimant sorry.

I I don't care what you bringing her back -- I wanted to what you bringing husband back.

I got -- is actually go ahead.

And -- another LB under him anymore my away and we are seeing it joining when we got to see jump on that horse and ride away that's the only way to end it shot.

This this silly insurance saying -- jumping on a million dollar worst it's ever been broken before whenever I'm an attempt so you good --