Last season, the pandemic forced the traditional world of horse auctions to go online for the first time and dampened prices. It’s a new phenomenon brought on by the pandemic. And now they’re vying with online buyers who have a higher risk tolerance and don’t seem to have the same financial constraints. ![]() ![]() ![]() Thoroughbred horses are always a bet on the future, whether you’re at the track and wagering on which one will win that day or an owner deciding which mares and sires will produce the best offspring - with no proof for years.īut the biggest speculators may be the people trying to divine which foals (under a year old), yearlings (older than a year) or 2-year-old horses are going to emerge as champions or be top breeding stock.įor the last couple of weeks, these speculators, known as pinhookers, have been taking their chances at the thoroughbred sale run by the auctioneer Keeneland in Lexington, Ky.
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