Katsumi Yoshida and Point Ashley
(Photo : Anne M Eberhardt/MCDeesh/Arrowfield/Keeneland)
There are countless stories throughout economic history of successful entrepreneurs who struck up the band in troubled times. What, you may ask, possesses people to so much as attempt to kick off a fledgling business in adverse circumstances? But look at those businesses, and as often as not, you’ll find a common thread; most times, they’ve swum against the tide.
South Africans may not have realised it to the degree the rest of the world has, but bloodstock markets, particularly that in North America face some of the biggest challenges in their histories, and finding investors is about as rare as rocking horse “bog”.
One man whose name is etched deep in the annuals of Japanese breeding success, is Katsumi Yoshida, founder and current proprietor of Northern Farm. Our link to Northern Farm came this year, courtesy of Admire Main, the horse with the princely connections.
Sales watchers who’ve been following the major international breeding stock sales of 2009/10, will tell you there’s been one outstanding (and intrepid) investor putting his hand up at just about every leading American auction. The same Katsumi Yoshida last week added a brace of outstanding mares to his farms portfolio, including the $1 million acquisition of the celebrated mare, Point Ashley (Point Given – Golden Thatch, by Slew o’ Gold), Dance The Classics (Sadler’s Wells - Head In The Clouds) and Ginger Punch (Awesome Again - Nappelon).
One thing you have to say for Mr Yoshida, is that when everyone else seems to be in retreat, he knows its time to invest.