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 Dapple Wavertree selection team on another outstanding set of yearlings prepared and sold in this year's two year old in training market. 
As many of you know, this shared risk format spread over 15-20 horses provides an affordable ownership opportunity combined with excellent diversification.  It is simply a 12 month investment, and there are no additional capital calls during this time frame. Financial reporting and annual K-1 tax preparations are provided at no additional expense to the shareholders.  The Management Team is a primary capital contributor, along with the other shareholders.  The performance record documents a net gain after all expenses have been paid on five out of six annual Dapple Wavertree partnerships.

Over the winter and during next summer's sale prep phase, the stock resides st Dapple Stud in historic Bourbon coundy, where their everyday care is overseen by staff with incentives for success.
Owners are encouraged to visit the stock, as it is a maintenance free way to keep an equine rate of return Thoroughbred investment in Kentucky. 
Please give us a call with any questions about the program.