PURCHASES
The sales can be a complex beast, so being well equipped before getting there is paramount. There are a myriad of forces and dynamics at play, including;
-
Who is likely to be your competition and potential demand.
-
The integrity of the farms/vendors.
-
Interpretation of bloodstock trends and hype surrounding certain stallions and pedigrees.
-
Understanding who breeds race track success and targeting those farms.
-
Some farms produce successful sales results but doesn't necessarily equate to racetrack success.
RM Racing Group is dedicated to ensuring our clients are not only securing the right yearling for their racing goal but also, that they are at the right sale to align with their purchasing budget.
Key To The Sales:
Working With A Budget & Aligning It Correctly
Working to a budget and placing a price on a horse/ yearling at the sales makes good sense/practice. We have to spend wisely and be able to target horses that are buyable. A basic guide to having a good choice of prospective athletes and being able to buy them has a budget of the sale average.
For example, having 40/50k to spend at MM in January (sale ave..) (session 1) is simply unrealistic. Even having a 100k you have to on your game! There are horses sold in that price range but are likely to be inferior:- small, lacking athleticism, poor conformation, bad leg geometry, may have unacceptable x-rays reports or from poorly performing sires/family.
Having said that, buying below the sale average is always a possibility and a challenge that I enjoy immensely. Doing the” hard yards” ie by inspecting the whole catalogue, making accurate notes and assessments and working a few angles you can target horses that may “ slip under the radar” At all sales there is is an amazing amount of dynamics at play- trends, hype, hot/ not so hot sires, proven sires vs first season sires, early/late in the sale, buying off a big “glamour farm” or small lesser known farm, competition from other buyers, buying a more natural yearling rather the more mature/stronger type etc. For a strong. good sized precocious 2 yo type by an in demand sire you’ll most likely paying a premium whereas a neat well balanced younger yearling by an older proven sire may prove to be more affordable and buyable.