Somehow this is a real sweet spot in the market. For a stallion farm, the $10,000 cover is a particular pitch: you're a cent away from offering a horse at four figures, but you feel that dropping him into a low-rent neighborhood might be beneath his dignity. You're offering a very accessible fee, but you're not going to let him look cheap. That makes this a surprisingly congested zone, ample for separate assessment. And since clinging to a five-figure fee somewhat represents a show of faith, some of these sires...