Currency conversion on sales catalogues; BLOODSTOCK WORLD.

Byline: Rachel Pagones, Amy Bennett and Nancy Sexton 

SALES catalogues published in North America will begin displaying foreign earnings in their native currency next month, starting with the Ocala Breeders' Sales Company's June Sale of Two-Year-Olds and Horses of Racing Age. The move follows a significant drop in the dollar's value compared to many major foreign currencies.

The change will be applied to races from countries carrying 'part I' status in the International Catalogue Standards book, covering periods for which comprehensive results have been recorded.

The foreign earnings will also be converted to US dollars on the catalogue page.

"Reporting earnings in native currency from these part I countries and providing total earnings in US dollars will give buyers and consignors a more detailed assessment of a thoroughbred's accomplishments, given the global appeal of the domestic auction market and the significant difference in value between the US dollar and many foreign currencies,"

said Society of International Thoroughbred Auctioneers' chairman Norman Casse.

jjPADDY ON THE RYE, impressive winner of a bumper on his debut at Navan on Sunday, has been catalogued as lot 570A to this week's Doncaster Spring Horses in Training Sale, and is scheduled to sell on Thursday.

The five-year-old son of King Luthier will join impressive four-year-old point-to-point winners Tchang Goon and Shaking Hands as part of a strong draft from Gordon Elliott's Capranny Stables.