Private Sales

If you have a highly rated 3yo or a 2yo who has just won their maiden on debut or 2nd start it might be the right commercial decision to sell. Richard will be delighted to help.

Richard has assisted in the private sale (i.e. not going to public auction) of horses-in-training to countries including Hong Kong, USA, Kuwait and Saudi Arabia. Australia, Singapore, Dubai and Qatar are other examples of countries where European horses are exported to for racing & breeding.

Owners can get well paid through selling privately but it is important not to be greedy and to remember that often the first offer is the best offer. Far too many times Richard has seen offers come in for horses which the owners have turned down and three months later they are getting ¼ of that price in the horses-in-training sale. If the commercial aspect of owning racehorses is important to you all offers should be taken very seriously.

Our own domestic market is very strong for good horses. A 2-year-old who wins well on debut or on his 2nd start and looks well above average will have plenty of admirers from the big racing operations including Darley & Al Shaqab Racing. Potential Group winners, Royal Ascot winners and ultimately stallion prospects are what appeal most and can demand strong prices for the right horse. The same can be said for high-class 3-year-olds and even 4-year-olds especially if rated highly enough to qualify for races like the Dubai Carnival or if they are short in the betting for Royal Ascot.

When selling to Hong Kong the market is for colts and the horses need to be lightly raced and have good temperaments. Sprinter-milers make most appeal (although a highly rated 10f 3yo is also much desired) and horses need to have good, good-to-firm, firm ground form. The horses need to pass muster with the Hong Kong handicapper which often means they need to have a BHA official rating over 85 and they like the horses to be a good height (over 15.3hh)and weight. The vetting procedure is very tough and only 100% sound horses with exceptional x-rays & no surgery history will pass – a large percentage of horses fail the vet for sale to Hong Kong.

With America there is not much of a market for outright speed with mile/mile and a quarter horses the most popular. America opens its doors to fillies and a number of European bred fillies have gone on to win Group races on turf in the US. 2yo maiden winners or well rated 2 & 3 year olds with fast ground form are what tends to be required and a filly with a good pedigree is highly desired. Expect full vettings and x-rays to pass for sale to America.

Australia is always looking for the next Melbourne Cup winner and with many European horses having run well in the race in the past the appeal of the European stayer is as strong as ever. Typically the horses of interest will be 90+ rated through to Group horses who perform over 8-12f. Fast ground form is not as key as you might think with a number of Melbourne based trainers happy to take horses who have appreciated some cut in Europe. Once again expect full vettings and x-rays to pass for sale.

The Dubai Carnival is the main Middle East racing festival and these horses are in great demand. To be guaranteed a run in the very competitive 7f-1m races you often need a horse BHA officially rated 100 or above and these horses command high prices. Many are sold and bought in the October HIT sale but private purchases are also well known to occur.

Qatar is the newest high-class festival of racing and this festival grows and grows in stature with the big race being the Emir’s Trophy run over 12f in Doha. The course is a tight right-handed course and it takes a very good horse to win the main race. The star of the show in recent years was the 116-rated Dubday and 2nd to him in 2015 was Irish Derby Gr.1 4th Ponfeigh which shows the level  of horse required to win this prestigious race. The Qatar programme has a good mix of races to suit most distances and of most appeal are horses rated 85 and above with fast ground form over 6-12f.

For Saudi Arabia the main race is the King’s Cup run over 12f on sand/dirt. This race takes a high-class horse to win and so a 90+ rated 3 or 4yo in the UK with form over 10-12f is what is looked for. Other UK/IRE 3 or 4 year olds with ratings above 80 are also wanted and the budget for purchase at this level is often between £20-60k. Saudi Arabia also provides a market for lower end racehorses with budgets of £5-20k for purchase.

Kuwait is another important country for exporting lower level racehorses. Of great appeal to the Kuwait market is a 2-year-old rated approx. 65-80 who has form over 1m and will get 1m 2f in their 3yo career. Budgets for this are often from £5-15k. Other 2, 3, 4 year olds with all-weather form (especially Southwell & Dundalk) over 8-12f appeal and the budget once again is between £2-15k.

If you are interested in selling your horse privately or are interested in purchasing a horse-in-training privately please make contact with Richard on +44 7769 349240 or email richard@richardknightbloodstockagent.com

Racehorse Private Sales - Richard Knight Bloodstock Agent

 

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