I wonder how many buyers at Magic Millions and Sydney ‘Easter’ will give x-rays the flick in light of the findings of the University of Melbourne’s study into yearling x-rays announced at last week’s International Breeders’ Meeting?
Not me, for one. My clients usually insist that the due diligence be done and I’m not about to start dissuading them.
The study, said to be the world’s largest, is reported to conclude that the most common bone abnormalities revealed in x-rays have no effect on subsequent racing performance as two- and three-year-olds. (Does this mean they also know the contributing reasons for horses’ non-performance or career-limiting problems?)
If one accepts this finding, then the value of x-ray scrutiny, surely, is to check for yearlings which have uncommon bone abnormalities, rather than leaving it to chance?
It’s all very well for the researchers to reach their conclusion, but they don’t have to come up with the readies to buy these things. Their conclusions are based on a broad sample and are not specific to the horse you’re just about to spend half a million on.
It's a long bow to suggest that cot-cases don't come to the sales any more. Unless the vendor disliked me (a possibility I admit) then why did one tell me outright in Melbourne last week that his horse had a serious problem on x-ray and that I should save myself the bother? (The yearling sold for a price consistent with its paper value).
With the major sales upon us, I can understand Aushorse jumping at the opportunity to echo these findings though I find it somewhat disingenuous. It sounds like Aushorse is giving good advice to would-be buyers but to my way of thinking its stance serves the interests of its constituents more than the buyers. I don’t see what it stands to gain by subtly devaluing the worth of x-rays.
The way I read the press release, the study’s conclusions were equivocal. There were caveats attached to most of them and it seems to me the only way to know if those caveats apply is to actually look at the x-rays, especially if they reveal conditions for which “time” is the prescribed remedy – a commodity so many owners and trainers are unwilling to invest in. Many young horses are ruined by bad management and if x-ray analyses can prevent that happening then they are worth every cent we pay for them.
In my experience, most buyers get their vets to do both a clinical examination and an x-ray review prior to bidding on a horse likely to cost a substantial sum of money.
The key is how the information is dealt with, relying on the skill, experience and judgment of the practitioner together with the opinion of the intended trainer or experienced advisor.
Since x-rays became routinely available, we may have become over-sensitive to the effect of certain conditions; this study alerts us to that. Time and patience cure many things, and we are familiar with famous examples of x-ray-rejected yearlings, e.g. Elvstroem, Unbridled’s Song etc. But on the other hand would you prefer to buy a horse not knowing if there was a major skeletal problem? Experienced interpretation of x-rays at least gives you the choice. The vendor won’t always tell you.
It’s not a black-and-white matter. There are swings and roundabouts.
From recent personal experience, an adverse veterinary opinion led to my client and I not bidding on All American last year. By the same token I know of a buyer who won’t look at x-rays who paid a very substantial six-figure sum for a filly with a fractured joint, and that filly never raced. Perhaps it was just slow.
Veterinary opinion is subjective. A colt I selected at Sydney Easter last year was vetted by Vet A and ‘failed’ categorically. Because we were keen on the horse, I sought a second opinion from Vet B, without telling him that anyone else had looked at the colt. He reported back that the horse was a low risk pass. Then I asked, “would you be surprised if I told you that another vet had failed him?”. Vet B, one of Australia's best-known, said in his opinion there were no possible grounds for reaching that conclusion. So we had to make the call primarily on the basis of the relationship/history we had with each of the vets. We bought the colt. Time will tell. I’m heartened by the study’s findings!
The report on Breednet quoted researcher Dr Chris Whitton as saying, “There were 8 types of lesions that had no effect on performance including….sesamoid fractures”. It’ll be a great comfort to my client when I tell him I’ve bought a magnificent yearling “but, oh, by the way, it’s got a fractured sesamoid but don’t worry, it’s nothing.” Not every client is a university researcher who understands these things! Most would immediately think of a plaster cast, crutches or wheel-chair for the horse, and a contract killer for me!
For many who would like to know what the x-rays contain, vet fees are proving a disincentive. Often it's the add-on costs which people resent incurring and therefore they cut corners.
It's quite expensive to obtain a professional opinion and there are buyers who feel they are contributing, in effect, to a slush fund for vets.
At Karaka in January/February, I used two Australian vets to evaluate horses. One charged $125 per horse for clinical examination and x-ray review (and later provided a written report) whereas to use the services of a much larger practice cost me or, more correctly, my clients, $225 per horse. The larger practice had one vet doing the clinical and another in the repository reading the plates, so they had double the manpower but presumably they had double the demand on their services. If they've read the plates for Client #1, then get subsequent requests for an opinion on the same horse from several other clients, am I right in thinking they charge full freight each time when all they have to do is refer to their notes? Someone please tell me.
I'd like to see some discussion on standardisation of costs and services.
Subscribe to:
Post Comments (Atom)
5 comments:
The multiple sightings of a vet report by different prospective buyers sounds similiar to a building inspection one on a property.
You might get the evaluation at a reduced fee but you very rarely get it free !!!!!!
I can't understand why blood samples of every yearling sold at public auction in australia are not taken say within 48 hours of the sale of the yearling. we cant race with drugs so why should we have to buy them with drugs. I would hazard a guess that at least 40% of yearlings offered for sale have had some treatment, prior or during a sale. the vendor can always lodge a treament sheet to justify any findings in the sample just like trainers do on race days. Many years ago when I bought between 8-10 yearlings each year one soon learnt which buyers seem to fill their yearlings with air or something, because 5-6 weeks after taking home a gross yearling it pales away into a lifeless little runt. still happens today i suspect
Really what is all the fuss about? Some people like having the security and some buyers (punters) like to spend blindly. As both a buyer and breeder i love the X-rays, my only problem is that as a vendor/breeder i get no sling back from the vets who make a poultice out of my X-Rays. And let me tell you, YES I OWN THE X-RAYS BUT THE VETS PAY ME NOTHING FOR THE MONEY HE MAKES FROM THEM!
It is like using Microsoft Software without a licence or any other ownership privileges without getting the licence details.
The sales yards assume them for the vendors and love them because it encourages buyers to spend higher on the lots without any problems and just alleviates them of any buyer comebacks.
I believe many more breeders would be party to the X-Rays without moaning if they were to get a commission back on the X-Rays reports, and why not they do own them. It doesn’t have to be exorbitant but even if we got the costs of the X-Rays back it is something.
It is similar to the vets charging the same price for the same review for every different client. They tell you the price is discounted originally and they relay on multiple report requests per horse to cover their actual costs.
The poor vets! I am yet to see one driving a rust bucket Toyota or any other brand for that matter.
X-ray or not to X-ray the true cost is whether you are over capitalising on the horse you have bred in the first place.
At Karaka, a lot of vendors in the select sessions did not X-Ray the fillies but did the colts.
To appease buyers’ needs i assume. I would love to see a report on whether horses sell better with or without X-Rays let alone the racing factor.
It appears the conditions of sale in the front of the sale catalogue mean little these days when it comes to disclosure now we have X-Rays. The buyer beware clause is now all in the suppository sorry, repository.
It would be very simple for the auction houses to produce sales figures (averages, medians, highs, lows) for those horses for which xrays were available, and for those for which they weren't. Also, I wonder if a major consignor reading this blog would provide figures for his/her sales based on the number of xray hits per yearling etc. Would be interesting stuff.
DD, my view is that you provide the xrays as a form of quality assurance so that your product may sell as well as possible. You are therefore inviting, nay welcoming, scrutiny of the material which you've provided for ultimately your own benefit. I feel the vet is recompensed by the buyer for his time and skill in interpreting the information. Two separate issues.
Post a Comment