How much does it cost to buy a racehorse or broodmare?

There is no standard figure for the price of a racehorse as their valuations vary from thousands to millions. While a high purchase price does not guarantee success, there is a correlation between spend and results. Once Jim understands your goals and budget, he can advise you of the best course of action and work with you to find the right horse at the right price.

There is also a very well established syndication market in Australia for people who do not want to own a racehorse outright but would rather spread the risk; Jim is able to give you independent advice about racing horses in partnership with other owners.

What is the process of selecting a racehorse or broodmare?

For yearlings or foals, this involves a physical inspection and an analysis of their pedigree to find the best horse for your budget.

For tried horses, Jim is able to source horses both domestically and from overseas. The selection process involves an analysis of form and pedigree to identify horses that can improve and race successfully under new ownership and management.

For broodmares, physical conformation and pedigree are again crucial factors in the selection process. Jim is able to source mares that are suitable for a particular stallion and identify broodmare prospects for commercial or hobby breeders. Whether you plan on selling or racing the offspring of your mare, Jim’s comprehensive knowledge and understanding of the broodmare market will ensure you make the best possible decisions to maximise your return.

How much do you charge?

If you’re looking to buy a horse privately or at auction, Clarke Bloodstock charges a brokerage commission on the purchase or sale price of the horse. All pricing is transparent and clearly outlined for you before working together and Jim will always advise you of any additional costs as required.

For one-off or ongoing retainer based management or consultation services, Jim will provide an estimate based on your specific needs..

What is involved in the racehorse management service?

Clarke Bloodstock’s racehorse management service begins from the time the horse is purchased and includes breaking-in, transport, insurance, valuations, oversight of veterinary care, race programming and planning, progress updates, and management of invoicing and accounts (if required).

How much does it cost to keep a racehorse?

This varies depending on where you are located, how much your trainer charges and the cost of ongoing incidentals. As a rough guide, you should look at budgeting anywhere between $4,000 - $6,000 a month while the horse is in training and $800 - $1,500 for months when the horse is spelling.