AUCTION RACES - (Updated on 23rd FEBRUARY 2021)

The following guidelines have been drawn up to ensure that the qualification of horses for these races is clear.


The definition of a Maiden Auction race is “a flat race restricted to two year old or to three year old Maiden horses which have been sold or bought in by public auction at specified sales (sales where the horse is unsold at auction or sold privately do not qualify).


The definition of a Novice Auction race is a Flat race restricted to horses which have not won more than two flat races AND have not won a flat race which is classified as Class 1 or more than one flat race which is classified as Class 2 or 3 in Schedule 2 AND have been sold or bought in by public auction at specified sales. (sales where the horse is unsold at auction or sold privately do not qualify).


For the avoidance of doubt horses which are unsold having failed to reach their reserves do not qualify, nor do private sales.  

(i)     The “specified sales” referred to above for these races in 2022 comprise the following:-
a)     Those yearling sales administered by Arqana (France), Baden- Badener Auktionsgesellschaft (BBAG) (Germany), Goffs UK Ltd. (G.B.), Fasig-Tipton Co. Inc. (U.S.A.), Goffs Bloodstock Sales Ltd. (Ireland), Goresbridge Horse Sales Ltd. (Ireland), Keeneland Association Inc. (U.S.A.), Ocala Breeders Sales Co. Inc. (U.S.A.), Osarus Vente (France), Societa Gestione Aste
        (SGA) (Italy), Tattersalls Ltd. (G.B.), Tattersalls (Ireland) Ltd. (Ireland), Tattersalls (Ireland) Ltd. Cheltenham (G.B.), Tattersalls (Ireland) Ltd. Ascot (G.B.),


b)     As two years old at any sales administered by the above mentioned sales companies, up to and including May 31st ,2022 or, for the races where the closing date is before June 1st, up to and including the day prior to the closing date of the race.


c)      As three years old at any sales administered by the above mentioned sales companies, up to and including the day prior to the closing date of the race.


ii)       The last sale will govern the price if the horse is sold more than once, up to and including the relevant qualifying date as stated above. 

(N.B. A differential sales price will be applied for qualification purposes for those horses sold as yearlings prior to July 1st of the relevant year. Please refer to the individual race conditions for details). 

iii)      A horse will only be considered as having been sold by public auction (under the hammer) if that sale is subsequently published, or notified in writing to the Racing Calendar Office, by the Sales Company. The auction price used will be the first published/notified sales price from the relevant auction, unless notification is subsequently received from the Sales company indicating that, for a reason acceptable to the British Horseracing Authority, a different Sales price should be used. An amended Sales price will only be used to calculate a horse’s weight in an Auction race if such notification has been received by the Racing Calendar Office and accepted by the British Horseracing Authority no later than 24 hours prior to the first scratching stage deadline in the case of an early closing race or no later than 24 hours before the declaration deadline in the case of a normal closing race.


A horse initially sold under the hammer but whose sale was subsequently cancelled for whatever reason will still be qualified for Auction races. Such instances include the horse failing a veterinary examination, a void sale, disputed bids, etc. The auction price used will be the initial price unless notification has been received from the Sales companies indicating that the horse has been
re-submitted as the result of a void sale. If the horse was not re-submitted it will still be qualified but will be assessed on the auction price of its void sale. 

iv)     In the case of any dispute the official sale return will be used to determine the validity of the sale. The Authority will be the final arbiters of qualification for entry.


v)      Any sale conducted outside the sales ring (private sale) will not be considered to qualify the horse for an auction value.


vi)     Where horses are sold through the ring at specified sales outside Great Britain, the following procedure will apply:-


1.    The purchase price in local currency will be converted to pounds sterling using the rate of exchange published in the Racing Calendar of Thursday, January 21st 2021. The rate of exchange at the time of the sale will not be used.


2.    Since practices differ between sales in Great Britain and those staged overseas in the inclusion or otherwise of Buyers’ Premiums within the published sales price, and in order to reflect more fairly the total price paid, the appropriate Buyer’s Premium, as set out below, will then be added to the converted sterling price. This resulting figure will then be used to determine eligibility, weights, etc., for any relevant race. 

vii)  For sales staged in Great Britain which sell horses in pounds sterling with an additional Buyer’s Premium, in order to reflect more fairly the total price paid, the appropriate Buyer’s Premium, as set out below, will be added to the price. This resulting figure will then be used to determine eligibility, weights, etc., for any relevant race.


(viii)  For sales staged in Great Britain which sell horses in guineas sterling, the purchase price will be converted to pounds sterling. This resulting figure will then be used to determine eligibility, weights, etc., for any relevant race. 

   
Sales Company Country Buyer's Premium %
Arqana France 6
Baden-Badener AG (BBAG) Germany 6
Goffs UK Ltd Great Britain 6
Fasig-Tipton Co. Inc U.S.A 0
Goffs Bloodstock Sales Ltd Ireland 6
Goresbridge Horse Sales Ltd Ireland 7
Keeneland Association Inc U.S.A 0
Ocala Breeders Sales Co. Inc U.S.A 0
*Osarus Vente France 6
Societa Gestione Aste (SGA) Italy 6
Tattersalls Ltd Great Britain 0
Tattersalls (Ireland) Ltd Ireland/Great Britain 6
*Osarus Vente (Sales price of
15,000 Euros or below)
France 7

'NATIONAL HUNT' AUCTION MAIDEN HURDLE RACES

For the avoidance of doubt horses which are unsold having failed to reach their reserves do not qualify, nor do private sales. 

 (i) The "specified sales" referred to in race conditions comprise the following:-   

  1. a) Those sales administered by Arqana (France), Baden-Badener Auktionsgesellschaft (BBAG) (Germany), Goffs UK Ltd. (G.B.), Fasig-Tipton Co. Inc. (U.S.A.), Goffs Bloodstock Sales Ltd. (Ireland), Goresbridge Horse Sales Ltd. (Ireland), Keeneland Association Inc.(U.S.A.), Ocala Breeders Sales Co. Inc. (U.S.A.), Osarus Vente (France), Societa Gestione Aste (SGA) (Italy), Tattersalls Ltd. (G.B.), Tattersalls (Ireland) Ltd. (Ireland), Tattersalls (Ireland) Ltd. Cheltenham (G.B.), Tattersalls (Ireland) Ltd. Ascot (G.B.). 
  1. b) As three or four years old at any sales administered by the above mentioned sales companies, up to and including the day prior to the closing date of the race.

MEDIAN AUCTION RACES

The definition of a Median Auction Maiden Race is "a Flat race restricted to maiden horses, which are the progeny of stallions which established a median price for the sale of yearlings contemporary with the entrants in the race based on the sale or bought in price of one or more animals at specified sales". In addition, horses are excluded which have been sold or bought in by public auction under the hammer at specified sales at a price more than £20,000 above the median price stated in the race conditions.


The definition of a Novice Median Auction race is "a Flat race restricted to horses which have not won more than two flat races AND have not won a flat race which is classified as Class 1 or more than one flat race which is classified as Class 2 or 3 in Schedule 2 AND are the progeny of stallions which established a median price for the sale of yearlings contemporary with the entrants in the race based on the sale or bought in price of one or more animals at specified sales". In addition, horses are excluded which have been sold or bought in by public auction under the hammer at specified sales at a price more than £20,000 above the median price stated in the race conditions.


The "specified sales" will cover the main Public Auction Sales held in Europe and North America (see below) and the stallion median prices will be those as compiled by Weatherbys, and published annually each February/March in a Supplement to The Racing Calendar. From this Supplement Owners and Trainers will be able to establish the weights which their two and three year old horses should carry in Median Auction Races. For older horses, please refer to previous Supplements or contact the Weight Adding Department at Weatherbys.


In respect of the Stallion Median Auction prices for two years old of 2021, the "specified sales" are as follows:


Arizona Thoroughbred Breeders Association Sales (U.S.A.), Arqana (France), Baden-Badener Auktionsgeselischaft (BBAG) (Germany), California Thoroughbred Breeders Association Sales (U.S.A.), Canadian Thoroughbred Horse Society Sales (Canada), Carter Sales Co. Inc. (USA), Colorado Thoroughbred Breeders Association Sales (U.S.A.), Equine Sales Thoroughbred Auction Facility of Louisiana (U.S.A.), Fasig-Tipton Co. Inc. (U.S.A.), Goffs Bloodstock Sales Ltd. (Ireland), Goffs UK Ltd. (G.B.), Goresbridge Horse Sales Ltd. (Ireland), Heritage Place Horse Sales Company (U.S.A.), Iowa Thoroughbred Breeders and Owners Association (U.S.A.), Keeneland Association Inc. (U.S.A.), Minnesota Thoroughbred Association Sales (U.S.A.), Ocala Breeders’ Sales Co. Inc. (U.S.A.), Ohio Thoroughbred Breeders And Owners Sales Committee (U.S.A.), Osarus Vente (France), Ruidoso Horse Sales Company (U.S.A.), Scandinavian Open Yearlng Sale (Denmark) Societa Gestione Aste (SGA) (Italy), Stockholms Aringsauktioner Ekonomisk Fo´rening (SAEF) (Sweden), Tattersalls (Ireland) Ltd. Ascot (G.B.), Tattersalls (Ireland) Ltd. Cheltenham (G.B.), Tattersalls Ltd. (G.B.), Tattersalls (Ireland) Ltd. (Ireland), Texas Thoroughbred Association, Wannamaker’s Online Thoroughbred Auction Sale (U.S.A.), Washington Thoroughbred Breeders Association Sales (U.S.A.).

In respect of the Stallion Median Auction prices for three years old of 2021, the "specified sales" are as detailed for the two years old above.

In respect of the Stallion Median Auction prices for older horses, the "specified sales" are as previously published in the relevant Supplements to The Racing Calendar.