subject: Obtaining Manual For The Prospective Racehorse Owner [print this page] Public Sales Public Sales
Several sorts of thoroughbreds are sold at diverse types of public sales. If you determine you wish to buy a thoroughbred at a public sale, you will initial have to have to choose which sort of thoroughbred you wish to obtain. All public sales are governed by a set of rules and conditions that have been made to protect each the seller and the buyer and make certain that all transactions are carried out relatively.
Private Transactions
Most private transactions are performed involving associates or as a result of a referral from a mutual friend. When buying a thoroughbred in a private transaction, it is typically a very good idea to bring along a veterinarian or a racehorse trainer to look more than the horse in question and make sure that there are no problems. When engaging in a personal transaction for a racehorse, the value and situations of sale can frequently be negotiated to most beneficial match the requirements of all participants.
Claiming and Selling Races
In claiming and selling races, all competing racehorses are often for sale. In a claiming race, every single racehorse will have a sales price tag listed in the accompanying race card for any interested parties to refer to, and in a selling race, the winner of the race will be auctioned off to the highest bidder. This often requires location in the unsaddling enclosure straight right after the finish of the race. In each claiming and selling races, all racehorses are sold on an as-is basis.
There are two currencies that you can use to buy a racehorse, the Guinea and the Sterling. If you employ an agent to make the buy for you, he will typically charge you a commission of around 5 % of the acquire cost he obtains for you.
When shopping for a racehorse, consistently be positive to ask any queries about the terms of the sale just before the sale is finalised. Make certain that the terms of payment are obviously established among each parties, and be positive to give the horse in question a thorough inspection ahead of settling on a final cost.
