Racing is full of risk-takers, not least those who fork out hefty sums to buy yearlings or unraced two-year-olds. Back at the Keene-land Sales in 1983 Sheikh Mohammed paid a record $10.2 million for Snaafi Dancer, a colt by the great Northern Dancer. Snaafi Dancer alas proved so slow that he never made it to the racecourse.

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