Buying a Horse
Once a trainer or bloodstock agent has been chosen, they will analyse any upcoming sales catalogue to look out for horses that they feel have potential and lie within your price range. They may also look out for potential private purchases that could be suitable. They will then produce a short list to discuss with you and should you decide to go ahead they would organise a veterinary examination of the horse that you hope to purchase.
The most popular way to purchase a horse is through a public auction. You will find the value, quality and choice of bloodstock available at Australian sales is unrivalled and graduates from these auctions excel on the world-wide stage. Each sales house has strict guidelines to protect buyers, which are constantly updated to reflect changes within the industry. It is also possible to buy a horse privately, or you can purchase a share in a racehorse from a racehorse syndicator.
If you buy a racehorse you will then have to register as an owner. You will have the fun of choosing your own personal colours to be made up into silks for your jockey to wear and may also have to decide on a partnership name. If you buy an unnamed horse you may also have the challenge of naming it. All of these activities are part of the experience of becoming a racehorse owner.