I read an interesting article on Bloomberg ( a leading financial website) on destruction of "value" of race horses caused by this pandemic. Copied is the article.

stocks, corporate bonds, oil, silver. And now racehorses, too.

The month-long wipeout in financial asset prices extended into the thoroughbred world Tuesday, when the Ocala Breeders’ Sales Company began its traditional two-day auction of young horses in Ocala, Florida.

By essentially every major metric, sales figures were way down from a year ago. The highest price of the day came in at $650,000, a drop of 68% from the $2 million that was doled out on a two-year-old colt last year. The average price on the day fell 35% to $93,660. And the total amount spent on the first day of the auction dropped 45% to under $13 million.

Like sports cars, yachts and fine art, thoroughbreds are expensive toys for the world’s one-percenters, and the plunge in auction prices underscores how the coronavirus outbreak -- and the sudden, sharp economic decline it’s fueled -- are prompting even that elite crowd to quickly rein in discretionary spending. Demand was so weak at the auction that many sellers opted to pull their horses out.

he thoroughbred industry, like most businesses across the U.S., has been hit hard by the virus. Other auction houses canceled their early-season sales; racetracks are either running their races without fans or shutting down entirely; and the Kentucky Derby, traditionally set on the first Saturday in May, was postponed to September.

I always thought that either thorougbreds were stock in trade for the breeding industry and leisure items for owners. The reason being that as far my understanding goes, one cannot leverage race horses azs a financial asset. No one will lend!

I thought I would bring some cheer to passionate race goers who will be bored out of their wits in this rightful shutdown. Perhaps i will generate a debate whether this class of 'assets can be monetised or not.

Cheers. May all remain safe. Please wash your hands as often as you can.