Daughter and I went to an auction yesterday. Well bred, well broke horses were going for $350! There were some draft cross weanlings that went for $35 - if only I had had my trailer and a little extra cash!
There was a little mini paint stud colt that sold for more than a full sized grade horse - $175. Well broke grade horses were going for $200. There were some georgeous grade broodmares that went for <$100 - they were old enough to break and ride if you didn't want to breed them.
And the prices will be even lower as the winter goes on and people run out of hay...