Selecting the BEST
As Australia's Leading Bloodstock Consultants and Racehorse Syndicators
Dynamic Syndications has a simple - proven and highly successful business philosophy
It's our mission statement to:
"Select the Best and leave the Rest!"
Every horse we select has been chosen because it meets stringent selection criteria.
OUR DUE DILIGENCE IS YOUR QUALITY ASSURANCE
We never lose sight of what our Job description is: Risk Reduction
That's why 88.2% of the horses we have syndicated have won and 96.8% to have raced have earned prizemoney.
No other Company or Individual can get close to these impressive stats. Dean Watt has been working in the industry since 1982 and has run his own professional licenced bloodstock consultant since 1986. As such Dynamic Syndications have access to facts and figures from around the world that only a handful of elite bloodstock professionals can access. It's this information flow and the hours of research into these statistics that sets us apart. Added to this is Dean's expertise in valuing thoroughbreds which has resulted in him being called upon as an expert witness to give evidence in many legal disputes. Also Dean has acted as a Judge in the Thoroughbred Section of a Royal Show.
You don't go to your local G.P. if you require specialist treatment. You would get the best help available.
The horse racing industry is no different. Being shown a racehorse and liking the look of it is only a fraction of the equation. Buying a race horse is easy! All you have to do is stick your hand up and be the last man standing and it's yours! Sign the docket, give the company a cheque and home you go! So, why then if it's that easy, only a handful of people are truly successful in the horse racing game?
Naturally, we can't speak for the amateur buyer or the new boys on the block who hang a sign on their door and claim to be Bloodstock Agents or Racehorse Syndicators. We can however speak for ourselves. Every horse we select has been chosen because it meets stringent selection criteria.
- We are looking for a specific pattern of breeding coming through generations 5 - 6 - 7 and 8. These patterns do not appear on the catalogue page. We search for hours through highly refined pedigree software analysing every pedigree in the catalogue.
- We only select progeny by stallions based upon the stallions proven racetrack ability at the elite level and in the case of stallions with 3 crops of racing age or more, they must have elite statistics highlighting their ability to uplift broodmares and produce quality racehorses.
- The pedigree must also represent commercially acceptable pedigree lines. Simply, the racing career of a thoroughbred is only half the story. Specifically in fillies where they become broodmares, they must possess a pedigree that will be commercially received in leading sales rings in the future. In regards to colts, despite racetrack success, seldom will they make into a stallion if they do not have a highly commercial black type pedigree to support them.
The racehorse's pedigree, in essence, is your insurance policy and potentially, your superannuation policy. Its your road map for a most excitable journey.
- Upon inspection, the first aspect that we look for is athleticism. It's imperative that the individual horse has the class and constitution to be an athlete. It must Look like a Racehorse! Not a Clydesdale or a Shetland.
- Next is the most important aspect, Conformation. There is no such thing as the perfect racehorse! They simply do not exist. What we do as professionals is reduce risk by eliminating all horses with conformational defects. Defects are likely, through bio-mechanical aspects, to create an increased risk of breakdown. The art and skill is to know what to eliminate and what can be accepted.
We rank each horse we inspect into categories (classes A-D) and then eliminate through re-inspections. Once we have reached our final shortlist, our contracted veterinarian Dr TIM ROBERTS inspects each horse again for us to ensure nothing has been overlooked. Also at this stage, the vet places the stethoscope to the horse to check its heart beat for irregularities.
- A specific list of yearlings that have survived this rigorous selection process is supplied to Dr Tim Roberts who attends the x-ray repository on our behalf. Tim inspects each set of 42 x-rays supplied with each yearling. It is a frightening statistic just how many horses have structural defects or areas of high risk exposed on x-rays that simply cannot be detected through physical observation of the horse. No human has x-ray vision so why would you risk huge amounts without knowing what lies beneath on the say so of some unskilled advisor or sugar lipped salesman?
These x-rays are our quality assurance. We have a zero tolerance policy to any problems on x-rays. Whilst there is always an exception to the rule and once in a blue moon a horse may race and win that's as lucky as winning the Opera House Lottery ! There is no value in buying any yearling with any x-ray issue.
Simply - Do not buy a racehorse with an existing problem!
It's a sad fact that so many racehorses which fail x-ray inspections with major defects are still sold through the ring for exceptionally high prices. It's this inexperience of the buyer, lack of professionalism (or laziness) or they are trying to save a buck (penny wise - pound foolish) not to check the x-rays that would save huge a heartache and big losses for the end owner.
It's no different than getting a pest and building report when buying a home. It wouldn't be much fun to buy a house riddled with white ants and ready to collapse. It's the same in racehorses. X-ray inspections cost $165 for the vets to read on a one off arrangement and lower for volume. In 2006 at the Magic Million Sale our veterinarian Dr Tim Roberts read 122 sets of x-rays. Of these, 8 yearlings were ruled out totally, 3 had major risks, 6 had medium risk.
Therefore, with a Zero Tolerance Policy we knocked out 17 yearlings on x-rays. (Simply - If in doubt - rule it out !) It hasn’t changed. At the Melbourne Premier Sale in 2012 we had Dr. Roberts review 31 sets of x-rays and 10 failed. Yet 6 of these 10 that we rejected found their way to other syndication companies. We wish the end buyers of those yearling a lot of luck!
Whilst the expense is significant at these levels, it still only equates to one or two bids in the auction ring. However, the cost of a mistake in buying any of the 17 yearlings that were ruled out on x-rays would be horrific. Therefore we consider it to be a very cheap investment in quality assurance.
- Once the list of passed and failed lots are supplied, we then value each yearling based upon a specific formula relating to service fee, conformation, athleticism and commercial pedigree. Then we adjust on a ranking scale the individual sale the yearling is being sold at, general economic conditions and sales of similar lots and specific previous sales from the family.
We set our valuations away from the saleyards and arrive prepared knowing what each horse is worth and what ceiling price to bid up to. We sometimes miss horses we want because they simply sell for too much money.
We will never pay "overs". If we do not get value - we wait for the next yearling on our list. Having done our homework prior to the sale and being totally prepared there is little opportunity for any emotional buy.
Conversely, regularly at sales horses go through the sale ring undervalued. We are there waiting to swoop.
Despite all the ego's, emotions and drama's being played out in the theater known as a sale ring, many high quality lots go through at most acceptable and fair market values.
The sale ring can be both exhilarating and depressing for both buyer and vendor at the same time. Dreams are made or dashed in a 2 minute flurry.
Reality is what Reality is!
Facts speak for themselves.
Do the work - get the rewards. Like all other areas of life - put in the hard yards and success will be its own reward.
Or as we like to say – its our “REWARD FOR EFFORT!”
For working the sales it requires a Team of Experienced Professionals to work together to get the results.
We would like to acknowledge the hours of work put into the sales by our Team:
Secondary Judge, Pedigrees, Sales & Marketing:
Contracted Consulting Veterinarian:
Dr Tim Roberts
"World Breed" Pedigree and Bloodstock Consultant:
Gary Mudgway Bloodstock - Independent Appraisals
Administrative & Saleyard Support: