No
While I admittedly know nothing about horse racing, I distinctly remember a story told about Zayat selling American Paraoah but immediately regretting it and buying him back.
I looked for the story today:
Two years ago, Zayat put American Pharoah to a yearling sale, believing the Kentucky-bred colt could fetch $1 million. When the bidding stalled at $300,000, Zayat decided to buy American Pharoah back by writing in that amount to himself.
It’s proven to be a worthy investment, as American Pharoah has career earnings of $4.5 million after winning his last seven starts
Above it says Zayat decided to buy American Paraoah back.
That’s good enough for me!