Owner of Westminster's winning dog to see big return on investment

Owner of Westminster's winning dog to see big return on investment
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 last Tuesday, 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 for this story. 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 this week. 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

Federal judge dismisses Eltek manipulation lawsuit against Morgan Stanley Smith Barney
Federal judge dismisses Eltek manipulation lawsuit against Morgan Stanley Smith Barney

Nine-month electronic trading freeze and share lending program at the center of dismissed claim.

RIA wrap: Dynamic strikes South Carolina deal to reach $7B AUM milestone
RIA wrap: Dynamic strikes South Carolina deal to reach $7B AUM milestone

Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.

Rethinking diversification amid a concentrated S&P 500
Rethinking diversification amid a concentrated S&P 500

With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.

Merrill pays second settlement to former Miami Dolphins player, client of ex-broker
Merrill pays second settlement to former Miami Dolphins player, client of ex-broker

Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.

Schwab touts AI as its biggest growth lever at investor day
Schwab touts AI as its biggest growth lever at investor day

The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline