With a view to the changing economy, the Canadian Thoroughbred Horse Society (Ontario Division) is pleased to announce a restructuring of fees for its annual Canadian-Bred Yearling Sale
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“The CTHS is forever working towards making the Ontario breeding industry financially viable for our members,” said Julie Coulter, General Manager of the Ontario CTHS. “We as a group realize that we have to start reducing the costs incurred by our members, and with that have unanimously decided that the first opportunity for us to do so is through our Selected Sales fees.”
After an in-depth analysis of its sales, the CTHS decided the fee reduction best serving their members would be geared toward the Selected Session of its annual Yearling Sale. The organization will continue to charge the $100 nomination fee and five per cent commission at $20,000, but will now only charge $500 upon entry and $500 upon the sale. As a result, this will reduce the minimum costs from $1,400 to $1,100 for each horse sold or RNA. At this time, the Open Yearling fees will remain the same at the minimum of $700 for horses sold below $7,000.
“It is hoped that with the above change, the CTHS can assist our members in some small way in selling their product,” said Coulter. “By working with and for our membership, we look forward to continuing to provide the best venue for our breeders to sell their Canadian-breds.
The Selected Session of the Canadian-Bred Yearling Sale will take place on Tuesday, September 7, and the Open Session takes place on Saturday, September 11 at the Woodbine Sales Pavilion in Toronto, Ontario.
(CTHS [Ontario Division])