Now we're really entering nosebleed altitudes for most breeders, between $30,000 and $50,000: a zone where you should feel that you're improving the odds of coming up with an elite horse. It tells you a lot about our business that the majority of the two dozen stallions operating at this level can only do so because they have yet to send a single runner into the starting gate. A quarter of these we immediately set to one side, as absolute beginners, because those received separate consideration in the opening instalment...