sales prices question

There could be a few reasons.
1. Siblings of the foal may have won good races and improved the pedigree.
2. Sire may have had a good season with his runners.
3. The foal may have physically improved into an nice specimen as a yearling.

Hope that helps but I am sure there are many other reasons.

I forgot, the yearling may have been bought by some friend of the vendor to make it look as if the yearling is worth more than its true value. This is a very common practice which unfortunately is all too prevalent at public auctions.

I think every agent should have to declare their friends in advance of any public auction and these records should be available for inspection at Tatts, Goffs, Doncaster, Arqana, Goresbridge etc

Their accounts should be published and a full list of all billable clients included in the notes to the accounts

Any partner in any bloodstock investment should be disclosed

Phone records should be published on their own websites with transcripts of all calls up to 24 hours before fall of hammer

their notes in the catalogue on individual horses should be available on the sales company website post event and any bids in excess of £100,000 over estimated value should be explained. (I think explaining why 2200 became 17k per the original query might be more difficult given that agents have to make a living FFS)

conflicts of interest should be considered: for example, if representing a middle-eastern client who drives a nice car one should be particularly careful to disclose connections with any vendor selling any stock in which one may have any interest

perfect, thanks for the replies.

I forget to mention the final protection for the bloodstock investor doant: the equine court of independent arbitration (occasionally referred to as "the wisdom of long faces")

it allows buyers and sellers, having exhausted all other angles - mainly involving a complaint at the bar - to bring their grievance to a private office (hired from Goffs in Kildare in Irealnd and Tattersall in Newmarket) and it is a board chosen by industry peers and its present constitution is Highflyers David Minton, Independent agent Bobby O'Ryan, Coolmore's Paul Shanahan and the Queen's representative John Warren. Recently-appointed chairman and effectively the man with the casting book is well known author, bon viveur and passionate racing follower Graham Bradley.

The link is www.whythelongface.co.uk

discombobulated

Following on from the above I thought I d share my experience of a current pinhook prospect of my own.

I headed to Goffs foal sales in November full of optimism that I would be able to pick up something nice for between €8 -10k.  How wrong was I.  I watched dumbfounded as various lots I liked made €17k, €45k, €50k and had pretty much given up all hope until the final day when having raided the piggy bank I managed to pick up one with a single bid that was n't countered.

Below are a few pictures of her from November.

This is what I liked about her and her page:

She is correct
She has a nice walk
She is racy looking
She is a good size
She looks forward / 2 yo type
She has a half brother who has won twice as a 2 yo and is rated in the low 80s.
Her full brother was bought for over €70k as a yearling this year by a good trainer (IMO)
Both the other siblings were pinhooking successes i.e. bought as foals and sold on as yearlings at a profit.
She is by a sire that I "think (hope / pray)" will have a good year in 2015 with plenty of 2yo winners.
Her sire covered over 120 mares in 2012 giving him every chance of succeeding
Her sire covered a third less mares in 2013 making them a rarer commodity.

Some of the things that can go wrong:

She does n't grow
Her legs start to become less straight
Her sire who has his first runners next year is a complete flop
Her full brother is useless
The sales companies refuse to take her
She gets injured
She develops a vice - box walking, wind sucking, weaving etc
The world goes into recession - watching Russia and oil prices nervously.
There is a zombie apocalypse (this is one of the more unlikely scenarios but I'm sure you catch my drift).

In short there is a greater chance of failure than there is success.  However there is a glimmer of hope and a chance that if everything were to go to plan (unlikely I know) that a tidy sum "could" be made.

My recent luck with horses is not the best, one injured, one put down but I must remain positive and soldier on.

Welcome to the world of the dreamer!

From what I can see, she looks a strong racy type of filly. You have a lot going for you , in particular, the trainer of her yearling full brother, who I consider to be a top class trainer of 2 year olds. Furthermore, her 2 year old half brother improved with every run this year and I suspect that there is more to come from him. All in all you can be very pleased with your purchase because I reckon you did very well as she could have sold for triple of what you paid for her. I will be keeping an eye on the progress of her siblings and her sire and I wish you the best of luck, you have certainly bought well.

Thanks TG, nice to know I'm on the right track. Fingers crossed

Just a couple of pics of project pinhook.  No updates to her page as yet.  Her 3yo half brother has run once this year, running ok if not spectacularly. 

Full brother 2yo has yet to be named but it's early days and is not the only 2yo in that yard not to be named so no need to panic just yet. 

Sire has had a couple of winners and a few placed performers so far which is pretty much how I thought / hoped he'd go at this stage.  Just waiting to see if there are any superstars to come out of the pricier offspring.

The dream lives on, for now.

Her full brother was impressive, winning today, first time out. Her half brother has been a model of consistency, winning for a second time, this season, yesterday and still improving. He could win one of those handy listed races in Ireland. Have you still got her Posh?

Nope, I sold her for f#ck all as per the Tatts thread above

Timing couldn't have been worse.

Sorry Posh, I shouldda remembered!

Posh,you have have been unlucky this time but there is no doubt that your judgement was correct. Those sibling wins came a month too late. I'll be keeping an eye on her progress.

Jeez Posh, I didn't see that thread. I can't believe she sold so cheaply. Her dam is a half sister to a multiple G3 winning, G1 placed mare. Furthermore her dam is 2 from 2 with her runners, yours being the third foal. Win Lose or Draw, I have no doubt she will prove profitable for her new connections.

A updated picture would be nice PP