Back to the old days?

careca

Colleague at work was at the Goff's sales yesterday. She said it was a throw back to the old days with sales very slow and some horses not even reaching the min sale price of 2K even though the owners had expected between 20-30K.

Will the recession mean owners will sell any promising horses to England again like the 80s?

Cantoris

The recession will mean that all those bad mares that produce bad foals that were selling for 7-10k will disappear. No harm. Ireland is in a much stronger position now and even if things take a wicked step back, we are still in a better position national debt wise than in the past. So I don't think it will get back to the 80s. There are still a lot of wealthy lads owning horses in Ireland including the likes of O'Leary who has systematically been selling his Ryanair holding for the last ten years.

chinguetti

The amount of bad horses in the country in training is crazy. Know a guy who have 15/20 horses and can't sell one of them as no one wants them. The recession will get rid of alot of syncidates owning low rated horses that they can afford so the poorer horses won't be sold. That will trickle down to breeding in the next couple of years so it will take a while to work through the system.

Frankie Lee

What will happen is breeders will be forced to keep horses and put them in training especially fillies which cannot be given away.
Most breeders are comfortable after the good times so they can afford to.

Cantoris

Frankie Lee wrote: »

What will happen is breeders will be forced to keep horses and put them in training especially fillies which cannot be given away.
Most breeders are comfortable after the good times so they can afford to.

That just won't happen. If a filly can't be given away it's because it eaither has poor breeding or poor conformation. No-one is going to put a filly in training, even for six months at a cost of €10k, just to be told it's useless when they can get €500 down the road. I am sorry to say this, but the only winners out of this are going to be the factories who will be inundated with requests. It is going to be very sad demise for a lot of horses who are simply the result of over production.

hiscan

when we brought our horse into training the first time our trainer told us that 80% of the horses in this country are no good,a fairly accurate statement it seems now

Frankie Lee

Cantoris wrote: »

That just won't happen. If a filly can't be given away it's because it eaither has poor breeding or poor conformation. No-one is going to put a filly in training, even for six months at a cost of €10k, just to be told it's useless when they can get €500 down the road. I am sorry to say this, but the only winners out of this are going to be the factories who will be inundated with requests. It is going to be very sad demise for a lot of horses who are simply the result of over production.

Yeah you are totally right actually, what I should have said is that good horses that won't sell will be put in training, I know a lad who owns a yearling filly which is a full sister to a horse that won over £150K in prize money and won at 2,3 and 4, went over to the sales tattersalls sale and didn't even get an offer. He's going to put together a syndicate now.

knighted_1

oly 5% of horses ever win a race so easily 80 % are useless -

on the syndicate thing -i think its syndicates that will come more to the fore in the coming 3 or 4 years as builders and individuals exit ownership at a rate of knots at the moment -when you think about it a trainer nearly knows he has a syndicate for 3 or 4 years where an individual can exit after one so it makes sense from an ownership and a training/business point of view