The Society of International Thoroughbred Auctioneers has announced changes in requirements for races that will be considered black-type in North America effective Jan. 1, 2002.
The black-type requirement for the minimum purse value distributed on race day will be $30,000, up from $25,000. The requirement for the minimum purse value for listed races will be $75,000, up from $50,000.
Black-type will not be awarded for the following:
- Stakes restricted to maidens
- Stakes that limit eligibility to horses that have started for a claiming price
- Stakes for horses entered to be claimed
- Stakes that carry an optional-claiming condition
The Jockey Club has circulated the information to racing secretaries in North America. It has been accepted by the International Cataloguing Standards Committee, which was formed in 1981 to achieve uniformity of cataloguing standards throughout the world.
The Society of International Thoroughbred Auctioneers is represented on the ICSC. Sale companies in the Australia, Canada, England, France, Ireland, New Zealand, South Africa, and the U.S. are members of the auctioneers' society.