By Melissa Jackson, Andrew Vizard, Garry Anderson, Andrew Clarke, John Mattoon, Roger Lavelle, Nola Lester, Todd Smithenson, Chris Whitton
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Extra info for A Prospective Study of Presale Radiographs of Thoroughbred Yearlings
Despite the millions of dollars invested and the obvious risks involved in such purchases there is little published information examining the economics of investing in a yearling as a potential future racehorse. This study aims to assess associations between the purchase price of Thoroughbred yearlings and race performance in the first 2 years. Horses The 2773 horses that were sold at auction as described in “The Study Population” section were all included in analysis in this section. 22 Sale Data As previously described, in “The Study Population”, sale data was retrieved from the relevant bloodstock sales company (Magic Millions Pty Ltd 2004; William Inglis and Son Ltd 2004).
It is important to stress that this study only analyses income from the first 2 years of racing. It does not consider potential future earnings from racing, breeding or on-sale. Future breeding potential is an important factor when evaluating horses for sale. The top-selling yearling earned almost $600,000 from only seven starts. 5 million in only 16 starts. Only 44% of the total cost of $153,343,000 of all horses in this study was returned as prize money. The total prize pool available for these horses to win from 1 August 2003 to 31 July 2005 is not known.
Thus buyers paying higher prices could be more motivated to race their purchase, or more expensive horses may go to more proven trainers who have the ability to achieve maximum racing performance for a longer duration from the horse. 6% of yearlings in this study went on to race. This is similar to the figure reported by Kane et al. (2003a) in a study of 1162 Thoroughbred yearlings in the USA. That study aimed to assess associations between orthopaedic lesions and race performance at 2 and 3 years of age.