People wanting to own a share of a racehorse can fast-track themselves into the market at an auction on March 17 to aid the Lookout appeal.

The 5 per cent share will be offered at the Lookout residential rehabilitation centre appeal and Callaghan Motors auction.

Wilde Racing has donated the share, and Simon Wilde is confident the horse has good prospects.

Not yet named for racing, the two-year bay gelding’s sire is Equiano and dam M’Indigo.

Mr Wilde explained that the buyer will get a share in a horse that should hit the racetrack within six months.

“The best part of this horse is that you’re fast forwarding 12 months,” Mr Wilde said. “There’s a lot of waiting when you buy horses straight from auction but we bought him last year and he’s 12 months in front of others. You’re avoiding the long wait for him to race while those buying yearlings now won’t see action for a year and a half.”

Mr Wilde said the horse had a good pedigree and is showing good signs.

“He’s having his first educational preparation to become race ready and he’ll have a couple of trials,” he said.

“He’s grown into a lovely big and strong horse. He’s got it all there. He’s got a good sire and dam and he’s more likely to start as a three-year-old racer in about six months.”

“We think he’s a good prospect.”

The donation was organised by WRAD’s Koorie diversion worker Darren Williams and Wilde said he was happy to support the Lookout campaign.

“We think the region needs this type of facility and we’re happy to support the auction and the campaign,” he said.

The auction will also feature a rare large car sign and other car display stands and posters, sliding and gaslift chairs, storage cabinets, desks and filing cabinets, industrial vacuum cleaner, fridges, coffee machine,

There will be an array of tools, mag wheels, bearing press, two large work compressors, car ramps, 10-tonne floor trolley jack, metal tool trolleys, air hose reels and fire extinguishers.

There will be a display of fine, fast and flamboyant vehicles and a range of collectibles.

The auction will be from 10.30am on Saturday, March 17 at the former Callaghan Motors site in Fairy Street and the event will also include a display of vintage cars and collectables.

People can view the auction lots on site between noon-2pm on Friday March 16 and from 9am on March 17.

Car and collectible exhibits will be on display from 9am-3pm.

The Lookout residential rehabilitation appeal now stands at $570,000 and is continuing. WRAD has committed $600,000 to the new centre.

The community can continue to support the appeal with 100 collection tins throughout Warrnambool, or by directly donating at the ANZ Bank or through the WRAD website www.wrad.org.au