I own a racehorse - Going To Vegas
Posted: Mon Oct 11, 2021 9:22 am
...and it's turning out ok for now. She's a four-year-old mare racing on the west coast.
Mind you, I don't own much of her -- I figure about 1/10,000th of her. (Heck, I probably own more horse in my bass violin bow than I do of her!) I bought her (and portions of five others, who are two-year olds and aren't racing yet) back in April via Myracehorse. I bought her specifically because I wanted to at least own one horse that was actively running. Collectively, I spent about $400 total for the lot, just for grins. To paraphrase Charles Foster Kane, "I think it would be fun to own a racehorse."
I also admit I don't know jack about racehorses. Heck, I barely know the difference between a farrier and a furrier. But this setup is ownership via microshares of the ownership group - Myracehorse owns 51% of Going To Vegas. I don't have to kick in additional funds (like a partner might), though that limits whatever profits might come out (which are doubtful; like I said, this is more about fun than an investment).
Anyway, Going to Vegas had a race in Del Mar on Memorial Day weekend, got boxed in and finished fifth. C'est la vie, I said.
Then she got hot. She won a Grade 3 race the next month, then a Grade 2, both running away. Two Saturdays ago, she won a Grade 1 race at Santa Anita wire-to-wire, which was a "win and your in" race for The Breeders' Cup.
Yep. I have a racehorse in the Breeders' Cup! She's racing in the Maker's Mark Filly and Mare Turf race in early November.
https://www.breederscup.com/contenders/127
Sadly, this relationship is likely to be short lived. The consortium that owns her will likely sell her at auction a week after the race. They bought the horse about a year ago for $500,000, but figure after her races this year she would fetch $1.2 million at auction (higher if she does well at the Breeder's Cup). Of course, I'd get a piece of the action.
The auction house has put together a nice little commercial for her.
https://youtu.be/3le_AtOKEp4
I know it's a business decision, but it's been a heck of a ride just the same.
Mind you, I don't own much of her -- I figure about 1/10,000th of her. (Heck, I probably own more horse in my bass violin bow than I do of her!) I bought her (and portions of five others, who are two-year olds and aren't racing yet) back in April via Myracehorse. I bought her specifically because I wanted to at least own one horse that was actively running. Collectively, I spent about $400 total for the lot, just for grins. To paraphrase Charles Foster Kane, "I think it would be fun to own a racehorse."
I also admit I don't know jack about racehorses. Heck, I barely know the difference between a farrier and a furrier. But this setup is ownership via microshares of the ownership group - Myracehorse owns 51% of Going To Vegas. I don't have to kick in additional funds (like a partner might), though that limits whatever profits might come out (which are doubtful; like I said, this is more about fun than an investment).
Anyway, Going to Vegas had a race in Del Mar on Memorial Day weekend, got boxed in and finished fifth. C'est la vie, I said.
Then she got hot. She won a Grade 3 race the next month, then a Grade 2, both running away. Two Saturdays ago, she won a Grade 1 race at Santa Anita wire-to-wire, which was a "win and your in" race for The Breeders' Cup.
Yep. I have a racehorse in the Breeders' Cup! She's racing in the Maker's Mark Filly and Mare Turf race in early November.
https://www.breederscup.com/contenders/127
Sadly, this relationship is likely to be short lived. The consortium that owns her will likely sell her at auction a week after the race. They bought the horse about a year ago for $500,000, but figure after her races this year she would fetch $1.2 million at auction (higher if she does well at the Breeder's Cup). Of course, I'd get a piece of the action.
The auction house has put together a nice little commercial for her.
https://youtu.be/3le_AtOKEp4
I know it's a business decision, but it's been a heck of a ride just the same.