Back from AQHA World Show Sale: Impact of the Economy

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Back from AQHA World Show Sale: Impact of the Economy

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    11-20-2008, 07:10 PM
Red face Back from AQHA World Show Sale: Impact of the Economy

Wow -- just returned from the World Show and visited the sale (not to buy, just to look and assess the market). What a shocker. Having been on the seller's side of things at this sale, I felt almost sick to my stomach when I saw the dramatically low prices the horses were bringing. I've been to this sale/show for 19 years, and I've never seen anything like that. Well bred, sound, young horses with show points (over 50), going for less than $3,000. Many long yearings out of World-Champion stallions and out of daughters of world champs not able to get a bid of $800. I need fewer horses, not more, but I was tempted to buy when they were this low. My husband and I joked on our way back to Texas, that the horses in our pasture that would have brought a pretty penny a few years ago, are now probably worth about $35 a head now. Depressing, indeed, but a great opportunity for a buyer with the cash in hand.

Did any of y'all watch the sale when you were in OKC? What did you see? Do you notice the economic effect on horse sales in your areas yet? It hasn't hit us like this locally, but after seeing the World Show sale results, we're definitely not going to try to sell anything for quite some time.

I'd be interested to know what your observations are.
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    11-20-2008, 07:22 PM
I haven't been to a registered sale since I bought my gelding in the spring but I attend the local auctions just to see what is happening. Broke riding horses were selling for under $100 - well under. Yearlings (with papers) sold for $25 or less.

When a friend came out of an auction 2 months ago, there were two horses tied to his trailer - they were giving them away.

Yet there are people still breeding unregistered horses.

Welcome to the forum, BTW!
    11-20-2008, 08:01 PM
I watched a ranch auction on rfdtv the other day and it made me sick that all of those really well bred and well put together colts and broke horses bringing anywhere from 200 to 500 dollars. Even proven brood mares in foal to money winning stallions were not even bringing 1000. It's sad.
    11-20-2008, 10:55 PM
It's like that at the dodge city live stock sale in kansas too
    11-20-2008, 11:05 PM
Ok I don't mean to be rude but for people who can't afford "expensive or normal" priced horses like over $1000 it is not sad its good. Like me, I couldnt afford more than a $600 horse.
    11-20-2008, 11:14 PM
Well, it's good until you have to sell a horse.
    11-20-2008, 11:16 PM
Originally Posted by 4EverPainted    
ok I don't mean to be rude but for people who can't afford "expensive or normal" priced horses like over $1000 it is not sad its good. Like me, I couldnt afford more than a $600 horse.
But that means that all of the decent horses that would usually be around that price could possibly be bought by traders, kill buyers, or end up somewhere they shouldn't.
    11-21-2008, 12:06 AM
Green Broke
Originally Posted by 4EverPainted    
ok I don't mean to be rude but for people who can't afford "expensive or normal" priced horses like over $1000 it is not sad its good. Like me, I couldnt afford more than a $600 horse.

It also means the horse industry as a whole is not doing so well
    11-21-2008, 02:36 AM
That's right, the only horses that bring any money now are the very high dollar show horses with hundreds of points, papers, etc. And the only people who are able to buy them anyway are the ridiculously rich people. It does make good stock more available for people on a fixed budget but it also means that they are going to places that they shouldn't go. Just like whitetrashwarmblood said.
    11-21-2008, 01:33 PM
Good and Bad ...

Just talked to a trainer friend of mine in Nebraska, who said that a reputable breeder, who always takes two horses every year to a respected sale up north, found the prices to be exceptionally low as well. Apparently, for the quality of horse this guy usually takes to the sale, he'll typically bring back $5,000 each. This year, he got only $1,500 for both of them.

And everyone is right here -- the tremendously down market is good for buyers and is allowing any cash buyer, even with very little to spend, to get a horse that would have been completely out of reach before. That makes it a great time to get a premium horse at an unheard of price for many people. Heck, I've got too many, and I was tempted to pick up a few just because they were so cheap!

There were three buyers at the front row of the World Show sale who were buying 'turnover' horses by the dozen. When they can pick up a horse with over 50 points, with world champion sires and solid dams, that's sound and good looking and ready to show, for $800 to $1500 -- there's money to be made there. Hopefully, not YEARS from now.

For sellers, the down market is having a devastating impact. But I guess that's true of many items in today's market, not just horses. Hopefully, things will begin to turn around before it gets much worse. I hope everyone here fares okay ... whichever side y'all are on.

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