I think at Olympic level sailing, the boat is worth 0% compared to all the other boats, which all have to be measured and weighed in, and the sails, so the boats are all very nearly the same. So the value of the boat (relative to all the other boats) should be 0, or equal.

The Horses on the other hand, being live animals, cannot possibly be made all the same, and THAT is why a good horse can make an average rider look very good, and that's why the horse will cost at least $150,000.

I think it was Paul Cayard who after he last campaigned a Star for the Olympics, then said it cost him at least $100,000, and that was just the money to go to regattas, not the cost of the boat, which I hear for a new Star is about $40,000. That makes a $25,000 Tornado look cheap!