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The Guardian - UK
The Guardian - UK
World
Rupert Neate Wealth correspondent

Owning a racehorse is the latest way for rich millennials to brag

Two horses being shown at large outdoor gathering
The thoroughbred auctioneer Goffs holds an annual sale at Kensington Palace Gardens. Photograph: handout

Henry Beeby has an enticing pitch for young super-rich tiktokkers and instagrammers. “Come to Kensington Gardens on the Monday, buy a racehorse and by the Tuesday you will be in the parade ring at one of the world’s most famous racecourses [Royal Ascot] alongside members of the British royal family and other royal families, with your own racehorse in your colours.”

Beeby, the chief executive of the thoroughbred racehorse auctioneers Goffs, said: “That is the dream we are selling,” as he summed up his pitch at a private event in Mayfair that promised to reveal the secret of “how to target the fastest-growing group of UHNWIs [ultra-high net worth individuals] – millennials”.

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