Pinhooker’s diary: happy to back our judgement
Johnny Hassett: "our aim is to make profit"
PICTURE: RP GRAPHICS Pinhooker's diary: happy to back our judgement
By Johnny Hassett 12:35PM 13 OCT 2016
Pinhooker Johnny Hassett reports from Tattersalls on Wednesday to give an insight into how a breeze-up consignor operates
BY the time yesterday morning came around we'd viewed all of the day's lots and had compiled our shortlist.
I tend to look at the lots I like at least twice, plus have them vetted. I also always watch the lots I'm interested in in the parade ring.
Sometimes a horse you've liked the three times you've seen him suddenly doesn't look so good walking around with all the others, and if you don't like him in the ring you certainly won't like him when you get him home.
I've found that out the hard way over the years and it hasn't been a cheap mistake to make.
We had a play at a few early on, colts by Helmet, Power, Iffraaj and Kodiac. The market has started to soften but it's not quite at our level yet.
Some people have been paying well in excess of 100,000gns for breezers and that worries me slightly as I know our horses will be competing against them come the breeze-up sales.
However, what would worry me more is having 150,000gns tied up in one horse for the breeze-ups.
Our aim is to make profit and the scheme run by Eamonn [O'Connor] at Seven Hills Bloodstock has done exactly that for our clients for the last two years.
We're happy to back our judgement and sometimes the ones you want just happen to come for relatively low sums. When you have a healthy budget to spend you don't have to spend all of it.
Jeremy [Brummitt] is heading to Arqana next week so there's still a chance for us to source yearlings there. Although if the exchange rate continues to fall he'll be lucky to buy a cup of tea!