Pinhooking is still the place to be in this game.

[Kasept]

Originally Posted by Linny

The expenses on thse horses isn't cheap and for every hit there are alot of misses.many of the RNA's today were bought to pinhook. Many of the OUTs were bought to pinhook. Many others bought for the same purpose have been seriously hurt, or are dead or will never be able to sell for some reason.

The general expense figure for care and training of pinhooked Yearling to 2yo Sale prospects is $30k.

[VOL JACK]

Originally Posted by Kasept

The general expense figure for care and training of pinhooked Yearling to 2yo Sale prospects is $30k.

I'm sure the consigner also expects a certain percentage of profits, I'm guessing 5%..

[Scav]

Originally Posted by VOL JACK

I'm sure the consigner also expects a certain percentage of profits, I'm guessing 5%..

Isn't alot of those pinhookers the consigner also though?

[Cannon Shell]

Originally Posted by Kasept

The general expense figure for care and training of pinhooked Yearling to 2yo Sale prospects is $30k.

That figure may be a little low as insurance drives the price up quite a bit. Since many if not most pinhooks are bought with borrowed money, insurance is a must. Pinhooking looks much easier than actually is. You have to have a great opinion at the yearling sales, get really lucky and have no conscience when you are sticking someone with a ticking time bomb for $800k. Not to mention that most of the high dollar purchases net less than advertised due to the fact that a lot of palms are greased along the way. And that is for actual sales not paper bs.

The vast majority of horses cataloged for that sale were money losers.