Everybody loves a bargain, especially in January in the midst of a cost-of-living crisis. The latter may barely have affected the bloodstock sales so far, but a knock-on effect may be felt if smaller or syndicate owners start to reduce their racing investment, which in turn would surely have a bearing eventually on the lower end of the yearling market. The top tier generally takes care of itself, while the middle market has been given a great boost by increased international participation, though that in itself is not necessarily a...