Plus 10 foals popular at Tatts
30th Nov 2015
Plus 10 registration proved worth the investment at Tattersalls December Foal Sale last week, where buyers paid more money to buy foals which were registered to the British and Irish owner and breeder incentive scheme.
The 577 Plus 10 foals sold in the ring reached a median price of £22,000, which was 40% higher than non-Plus 10 lots. This was in comparison to the £16,000 median of the 226 non-Plus 10 lots sold in the ring.
The higher prices paid for Plus 10 foals was a continuation of a similar trend witnessed at the recent Goffs November Foal Sale and showcased the value of the scheme to breeders who had paid a registration fee of £150 per horse to enter their foals into Plus 10.
Buyer interest in Plus 10 fillies was also prevalent, with 192 foals sold at a median price of £16,500, which was 50% higher than non-Plus 10 fillies.
Hugo Merry, of Hugo Merry Bloodstock, who was buying at the sale last week, said: “While we always buy foals and yearlings as individuals on type, having Plus 10 registration is also a consideration for us.”
Buyers of Plus 10 foals must pay the Yearling Registration fee of £200 by 30 June 2016 in order to keep the horse registered for Plus 10.
After the horse is fully qualified for the bonus scheme, it can win an unlimited number of £10,000 bonuses in any of the 550 Plus 10 races for two and three-year-olds in Britain and Ireland from 2017. The breeder of the horse and its pinhooker will both receive a £1,000 bonus each time the horse wins a Plus 10 bonus race.
The Plus 10 summary:
- Median £22,000 – 38% higher than non-Plus 10 lots
- Average £45,213 – 37% higher than non-Plus 10 lots
- Clearance rate 74% – 72% for non-Plus 10 lots
- Fillies sold for a median of £16,500 – 50% higher than non-Plus 10 lots
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