Pinhooking Opportunities Await Weanling Purchasers
30 April 2021
NZB Standardbred’s dedicated National Weanling Sale, set to be held at Karaka on Monday 3 May is a prime opportunity for buyers to purchase their next racetrack star as well as a crucial chance for investors to ‘pinhook’.
Pinhooking is the art of buying young stock with the aim of turning that investment into a profit by later reoffering the same horse as a yearling or two-year-old at auction. And with 130 weanlings catalogued for sale next week, investors will be spoilt for choice.
There are ample opportunities for bidders to make use of NZB Finance’s pinhooking facility at this year’s Sale. All weanlings pinhooked at the 2021 National Weanling Sale can be reoffered at NZB Standardbred’s 2022 National Yearling Sale at Karaka and Christchurch.
“Pinhooking at the National Weanling Sale gives buyers an opportunity to purchase a quality weanling to bring back through to the yearling sale, by spreading the outlay out rather than incurring the full cost of the purchase upfront,” commented NZB Finance Assistant Mitch Davis.
“With just a 25% deposit, we can help to deliver returns to buyers who take into consideration their goals, resources and budget,” added Davis.
Following the recent implementation of a trans-Tasman travel bubble, attendance by international buyers is set to be bolstered next year, with many judges looking to secure NZB Standardbred yearlings after their outstanding performances on Australian turf.
Pinhookers can also purchase with confidence at this year’s National Weanling Sale, with the prospect of investing at moderately low costs in comparison to the returns weanling graduates make on the racetracks.
Weanlings sold at auction by NZB Standardbred are just midway through their two-year-old season but they have already made an impact on New Zealand racetracks. Performances that have produced excellent results for both pinhooking investors and each horse’s subsequent owners.
This season’s Group Three Sapling Stakes (1609m) winner My Ultimate Chevron (NZ) (Sweet Lou) is among them.
The pacer was purchased as a weanling by the Lake Brunner syndicate for the value price of $13,000 from Woodlands Stud’s draft at the 2019 All Aged Sale. He was then later reoffered at the 2020 National Yearling Sale and purchased for $27,500 by his current owners Tumby Park.
A lost pinhooking opportunity, Bollinger (NZ) (Bettor’s Delight) was passed in as a weanling at the 2019 NZB Standardbred All Aged Sale at Karaka. The colt later fetched a $200,000 price tag when offered as a yearling by Georgia Brooke Lodge nine months later at the 2020 National Yearling Sale.
To find out more information regarding pinhooking and to register your interest, contact NZB Finance Manager Eion Fraser ([email protected]) or call +64 9 298 0055.