Pinhooking is the practice of buying a horse with the specific intention of re-selling it for a profit. The most common pinhooking ventures are weanling-to-yearling partnerships, with yearling-to-two-year-old partnerships a close second. Occasionally mares will be purchased, foaled out, and then bred back to sell the next fall. All of these deals have a start and a finish, making it easy to "keep score." Nevertheless, expert advice is needed from a professional who can confidently predict the market. The motive for most participants in pinhooking partnerships is the predictability of fixed costs, and the reasonable return on investment.
Email: farm@humesracing.com for more information on Pinhooking Partnerships.
2006 SALES UPDATE:
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Understanding Thoroughbred Terms (Glossary)
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