Investing in Thoroughbreds Can Pay Dividends
Lexington, KY March 19, 2001 Eclipse Press, a division of The Blood-Horse, Inc., announces the publication of Investing in ThoroughbredsStrategies for Success.
Arnold Kirkpatrick's Investing in Thoroughbreds is an essential guide for anyone thinking about getting into the horse business. Kirkpatrick discusses the cost of owning Thoroughbreds as well as the various forms of ownership. He also discusses ways to get started: claiming a horse at the racetrack, buying at the sales, investing in a broodmare. The book explains how the federal tax code applies to horse ownership and how depreciation of horses works.
Each chapter is sprinkled with humorous and insightful stories chronicling how and why people have achieved success and/or met with failure. Some of the success stories include the great gelding John Henry, who sold for $1,100 and earned more than $6 million, and Seattle Slew, a $17,500 yearling who has made more than $100 million for his owners.
Kirkpatrick bluntly warns about the pitfalls of ownership, the unscrupulous horse traders, and the cost of not being prepared.
A former racetrack president and former executive of Spendthrift Farm, Kirkpatrick has been involved in the industry for 40 years. He has been honored as a Thoroughbred breeder and as a racing journalist. Kirkpatrick owns a Lexington, Kentucky-based real estate and consulting firm. He is available for interviews.
Published by Eclipse Press, April 2001.
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