By Melissa Jackson, Andrew Vizard, Garry Anderson, Andrew Clarke, John Mattoon, Roger Lavelle, Nola Lester, Todd Smithenson, Chris Whitton
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Extra resources for A Prospective Study of Presale Radiographs of Thoroughbred Yearlings
Over the 2 year racing period horses earned a total $67,594,857 in prize money. 1%) earned enough money to cover the combined estimated costs and purchase price. 24 Table 8. Mean number of race starts, mean prize money earned and percentage of horses that started, earned any prize money, earned prize money greater than the estimated costs, their purchase price and combined estimated costs/purchase price during the first 2 years of racing for each sale price category. Prize Money Prize Money Mean No.
Horses The 2773 horses that were sold at auction as described in “The Study Population” section were all included in analysis in this section. 22 Sale Data As previously described, in “The Study Population”, sale data was retrieved from the relevant bloodstock sales company (Magic Millions Pty Ltd 2004; William Inglis and Son Ltd 2004). Purchase Price Categories Purchase price was divided into five categories: 1) $0 – 10,000; 2) $10,001 - 20,000; 3) $20,001 – 50,000; 4) $50,001 – 100,000 and 5) greater than $100,000.
The total prize pool available for these horses to win from 1 August 2003 to 31 July 2005 is not known. Purchase price had a significant effect on all measures of race performance and earnings. With increasing sale price category, the likelihood of starting a race, the mean number of race starts at 2 and 3 years of age, the number of horses earning prize money, and total prize money earned increased. This may confirm buyers’ ability to select better horses but other reasons are also possible. Thus buyers paying higher prices could be more motivated to race their purchase, or more expensive horses may go to more proven trainers who have the ability to achieve maximum racing performance for a longer duration from the horse.