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

15 days in The guardian

Auctioneer targets social media-obsessed youngsters with prospect of entering the parade ring at Royal Ascot 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”. Continue reading...

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