Placing a price on a yearling

foothillsequine · Postby **foothillsequine** » Fri Feb 04, 2011 7:22 pm

So, just wondering what all the appraiser experts out there have to say regarding placing a price on a yearling. What do you look for, what helps in the determination of the price, and finally how do you come up with a reserve? Thanks for any help and expertise that you may be able to provide.

zinn21 · Postby **zinn21** » Fri Feb 04, 2011 8:25 pm

It's all about pedigree conformation and athleticism. Then of course your market. Keeneland or regional?

foothillsequine · Postby **foothillsequine** » Fri Feb 04, 2011 8:49 pm

Definitely not Keeneland (as much as I dream....). Very nice pedigree for a regional market. Dam was a multiple allowance winner on the East Coast, sire was a stakes winning, stakes sire in Washington. Dam's first foal. You can pm me and I will provide names....

LB · Postby LB » Fri Feb 04, 2011 9:12 pm

If you're setting a reserve at a sale (as opposed to pricing for private sale) a large determining factor is how many vettings the yearling has had and who they were done for. A yearling with one scope (and repository check) will have a very different reserve than one with five scopes--almost irrespective of their relative quality.

A yearling scoped by Darley, Pletcher, and Coolmore will see its reserve rise from pre-sale estimates. One scoped by a couple of regional mom-and-pop shops will likely see it fall.