During the NY-bred yearling sale, trainer Mike Maker acquired two horses from his team’s shortlist that we thought were cream of the crop, but would therefore go above our budget. These were HIP 457, purchased for $190,000, and HIP 485, which cost $275,000. Both horses were exceptional physically, had strong pedigrees, and were previously sold as six-figure weanlings. And indeed, they did exceed our budget.
Maker has given us the opportunity to partner on both, likely in collaboration with an outfit like with Paradise Farms. While we always prefer majority ownership, we are fully open to minority stakes in horses that exceed our usual investment range, especially ones that appealed to us so much at the sale.
If anyone is interested in acquiring a share of one or both horses, please let me know by 9:00 am tomorrow morning. All partners must submit payment through Horsebills within 24 hours, as I need to pay Maker immediately to secure our percentages.
I am uncertain about their insurance status; I believe they are not insured, but if they are, we will bill that separately. If they are uninsured, we can discuss the possibility of adding coverage, although it may not be worthwhile if everyone is taking smaller shares.
The price for HIP 457 would be $2,185 per percent (with a minimum of 1.5%), while HIP 485 would be $3,162 per percent (with a minimum of 1%). Additionally, there is a one-month expense reserve of $50 per percentage point.
Check out the pedigree pages and video here
HIP457 Pedigree https://www.fasigtipton.com/2024/NY-Bred-Yearlings#/details/457
HIP457 Walk video: https://vimeo.com/995613012
HIP485 Pedigree: https://www.fasigtipton.com/2024/NY-Bred-Yearlings#/details/485
HIP485 Walk video: https://www.youtube.com/watch?v=xhi3HQTiuOg