I went to the horse auction in Thurmont yesterday. And I saw a gorgeous horse there - tall, good looking and definitely well cared gelding. Even before I read the description of him I knew he's very well trained (just looking at his movements, flying lead changes, etc.).
The description said he's 10 years old, registered, and trained to 2nd level dressage, and did hunters as well. I can believe it. Plus as I said, he's very well cared (nice, round, quite, feet done, clipped).
Now HERE is what I don't get... Even they say "owner lost interest"... Such horses in my area go for $$$ ($10-20K at the least). I didn't stay till his sale (as he was towards the end), but I know in general that 1) 90+% people at this auction don't care about english horses (they want usually nice trail or all-around horse or kid starter), 2) I highly doubt he can be sold for more than $2-3K. So how come that such a nice (and definitely well cared) horse was selling that cheap at the auction?