Experience - Osblog

Osblog 47 - Sales Veterinary

In my early pinhooking days I encountered the inaccurate predictive ability of certain veterinary diagnostics. I had a beautiful colt by a first crop sire and was hoping for a good result. I proudly consented to presale radiography only for this to reveal the buzzword - sesamoiditis. The soothsayers said that the colt couldn't race at two, the dream was over. We sold at a loss. The colt...

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Osblog 46 - Inflation

A car dealer told me a story once of how he had sold a Toyota Corolla to a farmer early in his career. Some twenty years later the same client arrived in the shiny new show room and enquired about the price of a new Corolla. The dealer slightly smugly said "they are a fair bit dearer than when you bought that jalopy". Like how much asked the farmer calmly. When told the new price the ...

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Osblog 45 - Valuations

The December Sale presented a mini case study in valuation when we saw three half sisters all benefit from a Gr.1 update on the eve of the sale. One made 360,000 another made 130,000 while the third made 40,000. The pedigrees were not identical as they were sired by Street Sense, Empire Maker and Dynaformer,  they varied in shape and were carrying foals by High Chaparral, Sepoy and Zamindar....

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Osblog 44 - Criteria

The first to blink decides the value of a horse. It is not the winning bidder but the under bidder who cries enough. In a year in which values of top level stock appreciated by 30%+ worldwide, it was impossible to predict when the blinking would start. At Tattersalls we saw some interesting bidding duels. The "king of the ring" Adrian Nicoll bid with his usual rapid and committed style...

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Osblog 43 - Stallions and castes

A quick overview of the UK Group 1 winners of 2012 showed that less than a quarter of the winners were bred by people for whom selling as foal or yearling was the principal driver. It is hard to define an Owner/breeder nowadays. We recognize the Aga Khan as one, and likewise Darley supplies the racing programme of Sheikh Mohammed. But what about those who play each way like Watership Down or Joe ...

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