Typically, a Dapple resale partnership will be announced 60 days before the auction process begins, with the units to be sold and paid for within 15 days after the auction. Resale partnerships have a short time line with a definite end date, immediately following the sale of the inventory at specific auction venues. This is an excellent opportunity for a newcomer to learn very quickly the Thoroughbred auction atmosphere.
Annually we provide our client base with two opportunities to participate with us in pinhooking ventures. The first is a yearling to two year-old venture in conjunction with Wavertree Stable in Ocala which forms in July each year.  This is followed by the Dapple Weanling pinhook, formed each October, in which the horses winter at Dapple Stud in Kentucky.

Opportunities to participate will come from LLCs formed just prior to purchasing weanlings or yearlings for resale each year. These are all ventures designed for return on investment and have a higher unit cost ($50,000 - $100,000); the entertainment/educational aspect of these programs can be very rewarding as well, as the owners are encouraged to visit the horses at will and attend all auctions.

Some of the benefits of Pinhooking with Dapple include:

• Affordable ownership and excellent diversification for risk sharing.
• Built in expense allowances to avoid cash calls during the partnership's existence.
• Quarterly financial reporting and annual K-1 preparation at no additional expense to investors. 
• Ongoing and direct access to boarding farms, broodmares and foals
• Dapple Bloodstock principals participate in all partnerships.

Congratulations to the team and the investors for another successful venture.  Welcome to the annual Dapple pinhooking event featuring yearlings purchased in 2007, trained in Ocala by Ciaran and Amy Dunne's Wavertree Stable, and prepped for resale in the spring two year old in training auctions.   The popularity of this program creates a substantial pool of capital from which the team can hand pick well over a dozen athletic individuals for winter training.  Some special business features make this pinhook unique, including management fees based on profit incentives, as well as having a firm cap on the training/sale prep expenses within the company.  Give us a call to take a closer look.  Purchases and SALE RESULTS for the 2007 LLC will be featured right here next time you visit.

Another annual pinhook event at Dapple Bloodstock with some outstanding business design features.  A pool of weanlings are purchased each fall and parked at Dapple Stud in Bourbon County, under the watchful eye of General Manager Stuart Morris and staff.  The target resale phase is the 2008 yearling auction venues, yet there is a contingency built into the agreement that the members can elect to extend the partnership into the following two year old sale.  This creates essentially two selling opportunities for the bloodstock. Take a look at the stock in person at Dapple Stud.  Call us with questions.