Determining horse's worth
How do you determine how much a horse is worth? And how do you know if a horse you're looking at purchasing is the right price for what they are? Those people that sell those big time HUS horses, some are $60,000-why are they so high, and some just as good are lower?
I don't plan on selling my gelding at all, but I'm just curious what you all thought he could be worth. He's a 9 year old 15.3 hand Quarter horse, out of Protect Your Assets. He had western pleasure training as a 3 year old and hunter under saddle and jumping training as a 6/7 year old. He is currently in training again for hunter under saddle and equitation. Trail ridden. He's got great ground manners, no vices, sound and healthy, good conformation (sorry, no pic right now :/). He's not one of those big, sweepy HUS horses but he's a nice all arounder. I paid $3000 for him (one owner had him priced at $4250.) A horse like this, what would you want to pay?