The next generation of de Merics makes its mark on the auction industry.
Maurice W. Miller III, a successful Kentucky pinhooker, died Oct. 4 in Lexington.
The rate of return for pinhookers on select juveniles rose in 2012 read blog
Pinhookers' 2-year-olds are more profitable because they spent less to acquire them as yearlings.
Pinhookers improve the rate of return on their investment at Barretts March select juvenile sale, but their profits fall at the Ocala Breeders' Sales Co. March select auction.
Many will rely on the same buying strategies they used in 2009 and will continue to proceed with caution.
Rate of return on investment rises to 50.7% even though the financial risk increased.
They spent more money to buy their stock as yearlings, so they will need to sell their horses for more money as 2-year-olds.
The rate of return on their investment drops to 47.1%, but the percentage of horses offered that were profitable is the same as last year.
Based on yearling average, financial risk has been cut for Barretts March auction in Southern California.
Rate of return on investment grows, rising to 91.9% from only 39% for the 2009 edition of the auction.
Cutting yearling purchase cost is the key, and consignors to the Fasig-Tipton Florida sale are hoping that a similar strategy works there.
With the results of the five major select sales of 2-year-olds in training in the books, pinhookers are now turning their thoughts to the summer yearling sale season and evaluating how much they are willing to spend, and how many horses they are prepared to purchase.
- By Ron Mitchell
Although there were some home runs among pinhooked horses sold at the Ocala Breeders' Sales Company's Aug. 20 select sale, the one-day event was not particularly kind to pinhookers.
Previous to the start of this year's yearling auction season, there was speculation that pinhookers " purchasers of yearlings resale at 2-year-old auctions next year " would not be as active in the past. Based on Monday's results from the Fasig-Tipton Kentucky yearling sale, the pinhooking profession is alive and well, with two relative newcomers to the resale game among the most active buyers.
California bloodstock agent Bruno DeBerdt and Florida pinhooker and former jockey Rudy Delguidice Jr. have formed a new venture, Excel Bloodstock.
Thoroughbred Interests, a Louisville-based pinhooking business, has gone public and is now being traded on the Over the Counter Bulletin Board under the ticker symbol TBIN.
This year, the financial results were mixed for pinhookers at the five major select juvenile auctions.
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