Buying a racechorse

Unless you are a breeder there are several routes to explore to source your horse;

 

Trainers and Agents

The majority of owners source their horses with the help of their trainer. Many trainers will already have horses in their care for owners to purchase.

 

Another option is to work with a bloodstock agent, who will source a horse on your behalf. Unless you have received a recommendation, the best place to find an agent is via the Federation of Bloodstock Agents or the National Trainers Federation.

It is important to remember that bloodstock agents tend to take a commission of 5% on any sale they participate in. Be sure to check your agent’s rates before you enter into an agreement with them.

All bloodstock agents are also now bound by the Bloodstock Industry Code of Practice, This code has been introduced to protect vendors and buyers alike and provides participants with a new independent legal facility in the event of complaints.

 

Claiming Races

Owners can also source their horse from a Claiming Race. This means you can purchase horses directly out of the race at the advertised set fee. All horses running in the race will be available for purchase after the race and the advertised price can never be exceeded. The horses will have proven form to base your decision on and offers owners a source of horses that are ready to run. Claims can be made through your trainer, or you can do this yourself if you are a registered owner. Further information can be found in the Protocol of Claimants.[KB1] [SH2] 

 

Public Auction (Sales)

The two main sales houses in the UK and Ireland are Tattersalls and Goffs. Tattersalls and Goffs also stage online auctions for specific sales. Specific online sales houses such as ThoroughBid also can be a valuable way to source a horse.

 

To make the most out of visiting the sales it is recommended that you employ the assistance of a trainer or bloodstock agent who can help you gain a better understanding of the pedigree and physical attributes of the horse. They will also be able to assist you by working within your budget and with the purchasing process.