As both a buyer and consignor at the leading North American auctions, Chad has an understanding of the market that allows for the acquisition of sometimes bargain priced bloodstock which often escalates in value very quickly.
Pinhooking is essentially buying to resell, much like commodities or stocks. There are many different categories such as weanling to yearling, yearling to two-year-old, and broodmare prospect to in-foal mare. Horses can be pinhooked for as little as a couple thousand dollars or as much as hundreds of thousands.
Some of our notable pinhooking transactions include a Cahill Road colt purchased privately for $20,000 and resold just four months later in the Keeneland September yearling sale for $52,000, a Red Ransom colt purchased privately as a weanling for $35,000 and resold the following year at Keeneland’s September yearling sale for $230,000, and a Sheikh Albadou colt purchased privately for $40,000 and resold for $115,000 at the Keeneland September sale. Further, mares purchased include ones in foal to Indian Charlie for $60,000, Lemon Drop kid for $50,000 and Empire Maker for $60,000 whose resultant foals sold the next year for $300,000, $230,000 and $100,000 respectively.
We are always searching for prospects and can advise or form a partnership to fit your needs or goals. Please contact us for more information.