The best thing for you to do is that talk to an actual trainer who has years of experience to help you decide, because this guide can only provide you with a general overview. Initially, you must choose the kind of thoroughbred that you would like to purchase and the way that you want to purchase it.
The three primary venues generally used to sell thoroughbreds are public sales, private transactions, and claiming and selling races. Each venue has its own unique advantages and disadvantages.
Public Selling
Various thoroughbred varieties are on the market at different kinds of sales open to the public. If you decide you wish to buy a thoroughbred at a public sale, you will first need to decide which kind of thoroughbred you wish to purchase. All public sales are governed by a set of rules and conditions that have been designed to protect both the seller and the buyer and ensure that all transactions are conducted fairly.
Private Transactions
Most private transactions are done between friends or as a result of a referral from a mutual friend. If at all possible bring a racehorse trainer or a veterinarian with experience with racehorses to any private transactions, they will be able to spot any significant problems. Private sales can allow for both parties to negotiate over the sales price and transfer conditions until they are both satisfied.
Claiming Races and Selling Races
All the racehorses which are competing are usually up for sale when claiming and selling races. When running a selling race, the winning horse is auctioned, however in a claiming race, each horse has a price in the race card for potential buyers to see. This usually takes place in the unsaddling enclosure directly after the end of the race. In claiming races and selling races, the horses are sold "as is."
The Guinea or the Sterling are on of two currencies that will buy you a race horse. You can expect to pay an average of five percent of what the purchase cost to an agent that buys on your behalf.
When buying a racehorse, always be sure to ask any questions about the terms of the sale before the sale is finalized. Before you set on a final price, you want to ensure that the terms of the payment are established between all parties clearly, as well as give the horse that is being sold a thorough inspection.
The three primary venues generally used to sell thoroughbreds are public sales, private transactions, and claiming and selling races. Each venue has its own unique advantages and disadvantages.
Public Selling
Various thoroughbred varieties are on the market at different kinds of sales open to the public. If you decide you wish to buy a thoroughbred at a public sale, you will first need to decide which kind of thoroughbred you wish to purchase. All public sales are governed by a set of rules and conditions that have been designed to protect both the seller and the buyer and ensure that all transactions are conducted fairly.
Private Transactions
Most private transactions are done between friends or as a result of a referral from a mutual friend. If at all possible bring a racehorse trainer or a veterinarian with experience with racehorses to any private transactions, they will be able to spot any significant problems. Private sales can allow for both parties to negotiate over the sales price and transfer conditions until they are both satisfied.
Claiming Races and Selling Races
All the racehorses which are competing are usually up for sale when claiming and selling races. When running a selling race, the winning horse is auctioned, however in a claiming race, each horse has a price in the race card for potential buyers to see. This usually takes place in the unsaddling enclosure directly after the end of the race. In claiming races and selling races, the horses are sold "as is."
The Guinea or the Sterling are on of two currencies that will buy you a race horse. You can expect to pay an average of five percent of what the purchase cost to an agent that buys on your behalf.
When buying a racehorse, always be sure to ask any questions about the terms of the sale before the sale is finalized. Before you set on a final price, you want to ensure that the terms of the payment are established between all parties clearly, as well as give the horse that is being sold a thorough inspection.
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Have you considered horse racing partnerships as a way of becoming a racehorse owner? This type of racehorse ownership enables you to own a share of a racehorse with the added benefit that the cost of the horse's upkeep is split amongst all the members.
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