Terminology ( racingsilk.com )
Each horse turns a year older on January 1st despite their foal date
Thoroughbred Resales:
yearling pinhooking - the process of buying young racing prospects at auction and private
sale for later resale usually in the late summer/fall
two year old in training sales auctions - Spring sales horses breeze quick times at short distances.
Such as an 1/8 of a mile or a 1/4 of a mile. Horses are bought with the factor of that time as well
as how they are presented at the sales along with the pedigree is used to make a determination
by prospective buyers. They bid up the price. If the horse is not sold in the sales ring you may
be able to acquire it privately. I once tried to get a client for Neverabettercity in this type of sale
. If I recall correctly he breezed 23 2/5 later he set a track record. So a speedy time early in a horse's training should
not solely be the decision to make. Finger Lakes: 1 mile 70 yards Neverabettercity - 1:38.99 - November 24, 2007
two year old syndicates
fractional ownership of a racing prospect racetracks start writing races for horses usually in the mid summer
three year old syndicates
fractional ownership of horses that have probably raced
private purchase sole owner or syndicate
acquiring horses privately on farms or racetracks