The Society of International Thoroughbred Auctioneers (SITA), is an association of the world’s leading Bloodstock Auction houses.
It was founded in 1983 to create a forum for the discussion of subjects of mutual interest to International Thoroughbred Auctioneers.
SITA members are experienced Bloodstock Auctioneers providing the highest standard of auctioning to both buyers and sellers. Each member’s Conditions of Sale are designed to protect both parties and have evolved over many years of trading. They reflect the law of the country of residence of each member, whilst reacting to changes in the marketplace.
SITA ratifies any decisions made by IRPAC who compile the Cataloguing Standards Booklet (the “Blue Book”).
A primary role of SITA is to ensure consistent presentation of Black-Type and adherence to catalogue standards as defined in the “Blue Book,” for catalogues published by SITA members. Other subjects for discussion by SITA may include changes in the law affecting Public Auction, advances in veterinary science, internet sales, import and export rules/laws across jurisdictions.
While each SITA member runs its business independently and competitively, members maintain similar standards and procedures in their auctions. In a time of increasing globalisation of Thoroughbred breeding, racing and marketing; Thoroughbreds are an international commodity and clients find comfort and security in buying and selling when standards are in general conformity.