What’s a Horse Really Worth?

Tara Madgwick - Monday May 31

The difference between the price a horse makes as a yearling and then 12 months on when he’s found to be a limited racehorse was highlighted by an interesting winner at Port Macquarie on Monday.

Newcastle trainer Nathan Doyle enjoyed immediate success with two year-old Fastnet Rock gelding Jet Pack, who was able to win a 1200m maiden beating older horses at his first start for his new trainer.

Jet Pack was a $325,000 Magic Millions purchase from the Bhima Thoroughbreds draft for China Horse Club/Newgate Bloodstock/Stonestreet in 2020, but after two sub-standard runs for Peter and Paul Snowden he was re-offered in the 2021 Inglis Digital February (early) Online Sale where Nathan Doyle picked him up for $45,000.

Jet Pack made $325,000 as a yearling and 12 months later $45,000 as a tried horse.


His sale description was honest and accurate.

Description

Jet Pack is an attractive two-year-old gelding by Fastnet Rock and is a full brother to highly credentialed sprinter Kaepernick.

He has had two starts and has not shown the ownership group enough to keep proceeding with him. He has however trialled well in Sydney winning at the Randwick trials.

He is a horse that should improve given more time and will suit country racing.


While the yearling market is what drives service fees and creates demand for elite broodmares as we saw last week at the phenomenally successful Magic Millions Broodmare Sale, the digital sales are where the true worth of actual regular run of the mill racehorses is established.

Sold as weanlings and yearlings, thoroughbreds have the all important ‘dream’ intact, meaning the buyer MAY be taking home a champion racehorse or even better a future champion sire as all of these horses have never been ridden, but at the digital sales for tried horses, the dream element is gone leaving just the reality of a racehorse and what he can win.

Is it any wonder so many country trainers are active at the digital sales given you can pay a fair price for a known commodity, rather than paying overs for a dream.

Better to let the big investors chase the dream and swoop on the value coming out of the flip side.



 

 

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Race Result - Barrier Signs Mdn Plate 1200m

Port Macquarie Track: Soft(6) Time: 1:12.72
1
Jet Pack
T: Nathan Doyle J: Ashley Morgan 56.5
2g Fastnet Rock (AUS) x Volcada (NZ) (Stravinsky (USA))
Inglis February (Early) Online Sale $45,000
V:Newgate
B: Nathan Doyle Racing
MM Gold Coast Yearling Sale $325,000
V:Bhima Thoroughbreds, Scone, NSW
B: China Horse Club/Newgate Bloodstock/Stonestreet
2
0.4
Bladnoch
T: G Middleton J: L P Rolls 59
4g All American (AUS) x Enthrall (AUS) (Flying Spur (AUS))
Inglis 2020 JULY (Late) Online Sale $12,000
V:Lindsay Park Racing
B:
3
0.5
Two Gems
T: P M Perry J: Clayton Gallagher 57
3f Real Impact (JPN) x The Look (AUS) (Fastnet Rock (AUS))
4
1.6
Just Like Lisa
T: D I Atkins J: C Lever 57
3f Choisir (AUS) x Princess Tyla (AUS) (Royal Academy (USA))
5
4.9
At Midnight
T: T & P Vigouroux J: Ms M Weir 57
3f Zariz (AUS) x At Twilight (AUS) (Holy Roman Emperor (IRE))
6
5.6
Flying Scotsman
T: T J Bartley J: J Penza 59
3g Olympic Glory (IRE) x Paisley (AUS) (Canny Lad (AUS))
7
6.7
Lysandra
T: Joel & Wayne Wilkes J: P Scorse 57
4m Better Than Ready (AUS) x Zaripova (AUS) (Testa Rossa (AUS))
Inglis April (Early) Online Sale $8,500
V:KB Bloodstock
B: Tambar Springs
Inglis March (Early) Online Sale $0
V:KB Bloodstock
B:
MM Gold Coast March Yearling Sale $26,000
V:Yarramalong Park Kalbar Qld
B: Nikki Burke
8
7.4
Onehero
T: Joel & Wayne Wilkes J: Ms L Day 59
3g Kaphero (AUS) x One Wink (AUS) (Perugino (USA))
Inglis Classic Yearling Sale - Highway Session $20,000
V:Riverdene Stud, Wagga Wagga
B: W Wilkes
9
8.0
Shades Of Frisco
T: D & R Simonetta J: Jayden Barrie 54
3f Dane Shadow (AUS) x Lady Frisco (AUS) (Frisco View (USA))
10
8.6
Broad Outlook
T: L J Fairhall J: Ms S Clenton 59
3g No Nay Never (USA) x Kissable (AUS) (Exceed And Excel (AUS))
Inglis February (Early) Online Sale $13,000
V:Yulong Investments
B: L Fairhall
MM Adelaide Yearling Sale Session 1 $65,000
V:Mill Park Stud Meningie SA
B: Yu Long Investments (Australia) Pty Ltd
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