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lot405 - George Washington filly - Tattersalls - 7.10.09

John Osborne says the Yearling Bonus helped improve clearance rates

  PICTURE: Edward Whitaker  

'Enormous' response to Bonus registrations


RACING Post Yearling Bonus co-ordinator Kerry Murphy has described the response by owners registering to maintain eligibility to the scheme as "enormous".

Over 4,200 yearlings – 85 per cent of those that were offered at public auction since August 1 this year – were initially nominated by their vendors.

Registrations by owners wishing to keep their horses in with achance of landing a £10,000 bonus if they win a selected maiden were due by December 15.

Racing Post Yearling Bonus Logo

In Britain alone, no fewer than 120 maidens have been selected as bonus races in 2010 starting with a 5f fillies' maiden at Lingfield on March 29. In Ireland, a 5f maiden at the Curragh on March 21 represents the first of 45 chances to win a bonus.

Murphy said: "Registrations have flooded in during the last two weeks. Due to the deluge it is currently not feasible to confirm individually that forms and payment have been received.

"Horses confirmed as eligible for the Bonus will be gradually posted on the Racing Post website over the next few weeks and owners and trainers will be able to check that their horses appear on the list."

Due to some confusion over the payment due for vendors retaining yearlings, Murphy will be contacting those who have sent insufficient funds. To clarify, any vendors who entered an eligible yearling in a sale but withdrew it or it was unsold and would like to maintain eligibility, were due to pay £500 by December 15.

Reflecting on the scheme, Racing Post Yearling Bonus committee member and consignor John Osborne said: "All in all it has been a great and commendable effort on the part of vendors to stimulate trade in difficult circumstances, and we have been delighted with the response from consignors and buyers.


"The scheme has evolved from inception to completion in only ten months and it has been a steep learning curve for all involved. It is difficult to quantify to what extent it worked, but I do think it helped to open new markets and it can claim some of the credit for better clearance rates at this year's British and Irish yearling sales, and for focussing buyers' attention on European stock.

"It has been pleasing to see different sections of the bloodstock industry unite under a collective initiative and people energised to help each other."

Osborne added that the Racing Post Yearling Bonus would be represented at industry events in early 2010. "We would like to open a dialogue with buyers and consignors to gaugewhether there is an appetite to repeat the scheme next year and, if so, what adjustments could be made," he said.

 

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