If it is your first time to purchase at a bloodstock sale, there are a few key facts to keep in mind before you make a purchase.
Firstly, apply to ITM for the relevant sales catalogue. Details of all lots to be offered are shown in the catalogue that includes information on stabling, pedigree, vendor or consignor and any previous racing history.
We recommend that you use a professional advisor such as a bloodstock agent or a trainer.
Please see the comprehensive list of agents or trainers on our website.
It is important to contact the sales company directly, to make yourself known and to apply for any credit arrangements with their accounts department. This must be done in advance of the sale, otherwise your bid may not be taken.
At the Sales
Inspect the horse prior to buying.
You should inspect the horses you are interested in, prior to the sale. Purchasers must ask the vendor’s (seller’s) approval if they require further veterinary inspection/testing. Additional announcements are made by the auctioneer from the rostrum at the time of each sale, so make sure you are there in advance of the horse selling, to hear these additional comments. These comments may be instrumental to your purchasing decision.
Once you have decided to bid on a horse, it is the responsibility of the bidder to communicate the bid to the auctioneer. Each lot (the catalogue number allocated to each horse is called the “Lot number”) may be subject to a reserve that is placed by the vendor at his or her discretion. The reserve is the price below which the vendor will not sell. The contracts between the purchaser, vendor and sales company are struck when the hammer falls. Depending on the sale, different terms and conditions apply regarding veterinary testing after the fall of the hammer, i.e. yearlings can be wind and drugs tested within a certain time-frame, after the fall of the hammer. Please refer to each Sale’s catalogue to confirm their veterinary policy for the type of horse you are buying.
Purchasers are responsible for the care of their horse from the fall of the hammer. If you’re using a bloodstock agent or trainer, they will assist you in making arrangements with a transport company. You might also want to consider insuring your new purchase, as you are liable from the fall of the hammer.
If you have travelled from overseas to purchase your horse, be sure to claim a contribution towards your travel expenses, from ITM through our Inward Buyer Programme.