Effective Jan. 1, 2014, additional quality control requirements will be implemented for races in North America eligible for non-listed, black-type status in auction catalogs.
The North American members of the Society of International Thoroughbred Auctioneers May 16 announced future North American sales catalogs will present foreign earnings from most major racing nations in native currency, followed by a total earnings line converted to U.S. dollars.
The North American members of the Society of International Thoroughbred Auctioneers remind that the minimum purse value for North American black-type races will increase from $45,000 to $50,000 beginning Jan. 1, 2008.
- By Ray Paulick
By Ray Paulick - The Society of International Thoroughbred Auctioneers is employing a classic carrot and stick approach with the Japan Racing Association, acknowledging through official recognition of 60 graded stakes that the JRA's racing quality is high, but warning the organization that no further advancements will be recognized until non-Japanese owners are licensed to compete in that country.
The Society of International Thoroughbred Auctioneers, which is an association of the world's leading bloodstock auction houses, has approved the promotion of Japan to Part I of the International Cataloguing Standards.
The North American members of the Society of International Thoroughbred Auctioneers have ratified changes to the guidelines for North American black-type races.
Two minor changes were recently approved to the guidelines for North American black type starting in 2006.
The Society of International Thoroughbred Auctioneers has announced that purse money earned in Canada since Jan. 1, 2003 will be denoted separately in future North American sales catalogues. The new policy will not be retroactive.
At a meeting earlier this week in London, members of the Society of International Thoroughbred Auctioneers ratified a recommendation to raise the minimum purse necessary for a race to receive black type.
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.
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