What does the Initial Share price cover?
The purchase price of a thoroughbred racehorse can vary widely from a few hundred dollars to a million dollars or more. The initial share price comprises several components. These include but are not restricted to: • purchase price (based on pedigree and market fluctuations at the time of purchase) • veterinary inspections, x-ray examinations and scoping • transport from sales venue to agistment property / stables • spelling • breaking in (if applicable prior to syndication) • pre-training / training fees (if applicable prior to syndication) • race nominations and acceptances for eligible horses • veterinary consultations • advertising and promotion Generally speaking, a share in syndicated horse will cost between $5,000 to $20,000 + GST / share. An average share price is usually around $10,000 + GST, although this is an estimate only.
