Skoozi this can happen if - the mare has poor conformation and this has been passed to the foal 1/2 to Group 1 winners doesn't necessarily make her, the stallion you have used is non commercial (there are plenty at reasonable fees that can give you that), she did not race to protect her page or worse raced a lot and unplaced, what she has previously produced has been unraced or unplaced - the longer they go without a winner the less they're worth but.....don't give up that's when they throw a great winner i.e. the Cambridge Stud broodmare that sold cheaply only for her progeny come up in the races If you don't want to go to Book 3 put it on an online auction and see what the market thinks or Ready to Run it - best of luck, I know your pain!