Owner of Westminster's winning dog to see cash back

Owner of Westminster's winning dog to see cash back
Puppies of the three-year-old male will bring in thousands of dollars each, and endorsements could bring in even more. But getting the poised sporting dog to the winning circle wasn't cheap.
FEB 07, 2016
The owners of German shorthaired pointer California Journey, winner of the Westminster Kennel Club Dog Show on Tuesday night, can expect to cash in on their investment in the coming years. Puppies of the three-year-old male will bring up to tens of thousands of dollars each, and endorsements could bring in even more. Of course, getting the poised sporting dog to the winning circle wasn't cheap. Show puppies, which typically come from champion sires or dams, require more than your average puppy food and veterinarian visits. They require expensive training, handling, travelling for shows, insurance and, in many cases, pricey ongoing grooming services. It probably costs the owners of the dogs that end up in the ring at Westminster at least $50,000 to get there, experts said. What was the key differentiator for California Journey, known as C.J.? “He has that extra sparkle,” C.J.'s owner, breeder and handler, Valerie Nunes-Atkinson, told the Associated Press. “He's an old soul.” She could not be reached for comment today. The famous Westminster dog show, which is sanctioned by the American Kennel Club, helps drive up demand for the purebreds that participate in the annual show, which took place for the 140th time in New York City on Tuesday. Southwest Auction Service in Wheaton, Mo., is the nation's largest legal dog auction. It has sold many dogs for more than $5,000 and its top sale was $12,600 for a female English bulldog that was an AKC champion, according to owner Bob Hughes. His biggest single auction grossed more than $514,000. He hasn't sold puppies from a Westminster winner, as he mostly sells dogs to breeders that sell pets as opposed to show dogs. (More: Richest dogs are living the good life) He estimates a puppy descended from a Westminster winner could fetch $25,000 for an in-demand breed like a French Bull Dog and about $8,000 to $10,000 for a toy poodle, he said. Owners of Westminster winners also can recoup some of the $50,000 or so they spend to get a dog to the top show level through selling advertising rights to pet food and other companies, Mr. Hughes said. “There's recourse for recouping some of your show expenses with suppliers of the pet industry,” he said. “But most of the people who show their dogs are wealthy and do it as more of a passion than an income source.”

Latest News

Americans back sharing AI wealth as debate over industry’s economic benefits grows
Americans back sharing AI wealth as debate over industry’s economic benefits grows

Public support grows for policies that spread AI’s financial gains beyond tech companies.

JPMorgan's record Q2 profit rides trading and dealmaking surge
JPMorgan's record Q2 profit rides trading and dealmaking surge

Investment banking fees rose 30% on a wave of IPOs and megadeals, led by the largest public listing on record.

Feathery raises $30 million to power AI-driven RIA operations
Feathery raises $30 million to power AI-driven RIA operations

Series A funding from Portage, Bain Capital, and other investors will fuel data tools designed to speed advisor transitions and cut onboarding delays across wealth firms.

Wealth Enhancement deepens East Coast presence with Wealthshield deal
Wealth Enhancement deepens East Coast presence with Wealthshield deal

The Minneapolis-based RIA aggregator is adding two North Carolina practices managing nearly $1 billion, pushing its total client assets past $158.2 billion.

The real reason I expanded my RIA to Hong Kong (it wasn't for the AUM)
The real reason I expanded my RIA to Hong Kong (it wasn't for the AUM)

As markets disintegrate, the value of on-the-ground, first-hand research through "intimate knowledge acquisition" is skyrocketing.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income