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Waiting For A Cool Down In A Hot Horse Market?

The horse market, like the housing market, has been wild lately, with horses being bought sight unseen for thousands more than the asking price. Many sellers can't keep enough equine inventory to satisfy the current need.

It's been nearly two decades since amateur rider Tracy Gould horse shopped, she wrote in a recent column for the Chronicle of the Horse. In the 2000s, it wasn't unusual for horses to go out on two-week trials or to find a plethora of horses for sale under $5,000 – specifically retired racehorses.

Now, green horses –including OTTBs — are being sold without trials and horses are selling on social media platforms within days of being posted. Gold writes she doesn't need anything fancy, but she does want a horse that could do a little bit of everything, especially as her daughter grows up and hopefully begins riding. She's reluctant to buy anything without the ability to test ride and see if they “click.”

Gold hypothesizes that the horse market is being driven by the meteoric rise in people taking riding lessons since the COVID-19 pandemic hit: kids began taking riding lessons as their team sports and indoor activities were cancelled, and it's easy to social distance while riding outside. Additionally, the stock market is booming, allowing even non-wealthy families the ability to afford horses, and many people are either working remotely or have moved away from the city, allowing them more access to horses and lessons.

As people return to in-person work schedules and schools, Gold wonders if it's possible the market may cool off. Still, most people in the business of selling OTTBs will tell you that day hasn't arrived yet.

Read more at the Chronicle of the Horse.

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Retired Racehorse To Again Compete In Sagamore Farm Silks

Barry Lee, a 6-year-old son of Violence foaled by Machmer Hall, has made his way back to the Bluegrass, this time as a competition mount. Purchased by Sagamore Farm for $380,000 when he was two, Barry won his debut under the Sagamore banner, was claimed twice and was slated to run at Fonner Park (NE) in early 2021 for a $2,500 claiming tag.

Jordan Sigmon had been keeping an eye on horses running in the claiming ranks when she came across Barry. She figured he must be a quality horse if he had sold for so much as a 2-year-old. In hopes that she could buy him before he started again, she called his owner and offered $3,200 – money she had been saving to buy a Thoroughbred weanling.

The gelding shipped to Sigmon's barn in Kentucky, where he had some down time to get used to the laidback lifestyle retired racehorses enjoy.

Sigmon is competing Barry Lee in the virtual Real Rider Cup, a charity jumping competition featuring retired racehorses. Sigmon noted that Barry Lee had less than 20 rides before the competition. Sigmon reached out to Sagamore Farm to see if they would sponsor Barry in the competition. The farm immediately signed on, donated to the fundraiser and sent Sigmon farm silks to wear while competing.

Learn more about the Real Rider Cup here.

Japan Racing Association Takes A Long-Range View Regarding Retired Racehorse Care

Though Japan's Thoroughbred industry is smaller than that of the United States, both face similar issues, including the question of what to do with racehorses when they retire from racing. Japan has approximately 7,000 Thoroughbred foals born each year. Per the Japan Racing Association, any horse that hasn't won at least one race by the middle of their 3-year-old year must retire from racing.

The JRA has subsidies in place to support high-end retiring racehorses, but maintaining a retired racehorse still costs between $600 to $1,000 per month. The Japan Times reports that previously, those that did not qualify for these were “culled,” which often means they were sent for slaughter. Horse slaughter is legal in Japan.

In 2018, the JRA launched a program that focuses on finding retired racehorses second careers and improving their environment when they retire. The JRA is investigating new ways to support Thoroughbred aftercare, with particular focus on programs that allow children to learn from OTTBs.

The Japan Times notes that it remains difficult to find the physical facilities or skilled personnel to support a robust aftercare initiative in that country.

Retired Racehorse Project To Host The Jockey Club Thoroughbred Incentive Program Barrel Racing Championships

The Retired Racehorse Project (RRP) and The Jockey Club Thoroughbred Incentive Program (T.I.P.) jointly announced today that the inaugural T.I.P. Barrel Racing Championships will be hosted at the RRP's flagship event, the Thoroughbred Makeover and National Symposium, this October at the Kentucky Horse Park.

T.I.P. was created to encourage the retraining of Thoroughbreds into other disciplines upon completion of careers in racing or breeding. The annual T.I.P. Championships features competition in a variety of disciplines, including hunters, jumpers, English pleasure, Western pleasure, and classical and Western dressage. T.I.P. champions in eventing are determined at the American Eventing Championships held each year. The 2021 T.I.P. Barrel Racing Championships will be the first time a championship event has been offered in the discipline. The event will feature thousands in prize money and additional prizes for the top horses.

“Thoroughbreds have made their presence known in recent years in Western disciplines, particularly barrel racing, so we are happy to be able to showcase yet another area in which these horses excel through the inaugural T.I.P. Barrel Racing Championships,” said Kristin Werner, senior counsel for The Jockey Club and administrator of T.I.P. “Hosting this event in conjunction with the Thoroughbred Makeover will provide the deserved spotlight for these Thoroughbreds that are excelling in careers that may not be typically associated with the breed and will allow us to potentially grow the Championships in future years if there is enough interest from barrel racing participants.”

Featuring competition in 10 different disciplines for recently retired racehorses and over $135,000 in prize money each year, the Thoroughbred Makeover (Makeover) and National Symposium, presented by Thoroughbred Charities of America, is the largest and most lucrative retraining competition in the world. This year, the event will feature two competition years, including horses from the postponed 2020 event as well as 2021-eligible horses. Makeover entries in the Barrel Racing discipline will have the option to cross-enter the T.I.P. Barrel Racing Championships and roll their time from their Makeover runs into the championship standings.

The T.I.P. Barrel Racing Championships will be sponsored by The Western Thoroughbred, a grassroots organization that recognizes the contributions of the Thoroughbred to the Western horse industry and celebrates the achievements of Thoroughbreds in Western sports. The Western Thoroughbred's founder, Katelin Bradley, is serving as organizer and steward of the event, and The Western Thoroughbred will be sponsoring buckles for average round winners.

“I am honored to help T.I.P. and the Retired Racehorse Project in organizing and hosting the inaugural T.I.P. Barrel Racing Championships,” said Bradley. “This event will be the biggest all-Thoroughbred barrel race in the country. We hope to attract open competitors and encourage Thoroughbred Makeover trainers to participate as well. It should be an excellent showcase of what these horses are capable of achieving in all levels of barrel racing!”

Entries for the T.I.P. Barrel Racing Championships will be open to qualified and declared Thoroughbreds in August. Thoroughbred Makeover Barrel Racing entrants for 2020 and 2021 will have the option to cross-enter at the time that they make their Final Entry to the Makeover. Outside non-Makeover participants for this inaugural event will be invited to enter, with preference given to horses that were declared for the barrel championships by the early declaration deadline of June 30, 2021. All participants will need a T.I.P. number to enter.

“We're excited for the opportunity to partner with T.I.P. and the Western Thoroughbred in this way,” said the RRP's managing director Kirsten Green. “The work of our three organizations is so closely aligned and we're happy to come together to offer more recognition to those who are blazing a path for OTTBs to become more of a staple in Western show pens. Katelin and the Western Thoroughbred Ambassadors have contributed heavily to improving the level of competition we offer for our Western Makeover disciplines and we're grateful for her assistance organizing this special event.”

More information about the T.I.P. Barrel Racing Championships can be found here.

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