Pinhooking
Also called: pinhook
Pinhooking is buying a thoroughbred at one stage — as a weanling or yearling — with the intention of reselling it at a profit at a later sale, after the horse has grown and been prepared.
The classic pinhook is buying a yearling, breaking it, getting it fit, and reselling it as a two-year-old in training. The margin comes from the work done in between: a horse that breezes fast and looks sound at the under-tack show can sell for many times its purchase price. Done badly, a pinhook is just a loss.
Examples
- arrow_rightWynstock was pinhooked — bought as a yearling for $50,000 in September 2022 and resold as a two-year-old in training for $700,000 the following April, after being broken and breezed at ML Thoroughbreds.
- arrow_rightA pinhooker lives and dies by how well the horse looks and moves on sale day.