Babcock Ranch Bankruptcy Sale
 
 

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Babcock Ranch Bankruptcy Sale

This is a discussion on Babcock Ranch Bankruptcy Sale within the Western Riding forums, part of the Riding Horses category
  • Captain nice quarter horse babcok ranch
  • Horsedisperselsale

 
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    09-20-2010, 06:48 PM
  #1
Green Broke
Babcock Ranch Bankruptcy Sale

Emergency Liquidation Sale of Babcock Quarter Horses Inc. Update - Quarter Horse News - The News Magazine of the Performance Horse Industry

200 horse all for one bid. That is a lot of horses to take on at one time.

Sad to see such a huge farm that has been a driving force in the QH industry going into bankruptcy like this.
     
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    09-20-2010, 07:06 PM
  #2
Green Broke
Wow they went under.....
     
    09-20-2010, 07:28 PM
  #3
Showing
It may just be me, but that seems like a very silly way to handle that. They won't get nearly as much for the stock selling it as one lump item because I bet there's not just a whole lot of people that have a couple hundred thousand dollars just hanging around. I looked at the inventory and they have some super well bred stock. $1000 a piece would be an absolute steal but I bet they won't even get that much the way they are doing it.

Dang, get a couple of those 2/3/4 year olds, put 30 days on them to give a good foundation and you could easily double or triple your money. Wish I had the time or money to look into getting a couple.
     
    09-20-2010, 07:38 PM
  #4
Started
Wow. That is really sad. Wish I had some money
     
    09-20-2010, 07:47 PM
  #5
Green Broke
Really, they've listed Lucky Little Lena!
     
    09-20-2010, 08:00 PM
  #6
Started
I think there kinda shooting themselves in the foot. If it were me I would put on a "dispersal" sale and sell each horse sepratly, not all of them at once. They going to get thousands less by selling them all in one lump, than if they sold them all sepratly. I just can't believe that they went into bankruptcy, I mean they were one of the biggest reining/cutting horse ranches around! But I guess sometimes you get to big for your pants and star buying and spending more money than your making. So so sad though.
     
    09-20-2010, 08:06 PM
  #7
Showing
Those are my sentiments exactly. I have watched some of those ranch dispersal sales on TV and for stock that wasn't bred nearly as well as some of this, they were getting up to $5000 a head.
     
    09-20-2010, 08:06 PM
  #8
Green Broke
Quote:
Originally Posted by smrobs    
It may just be me, but that seems like a very silly way to handle that. They won't get nearly as much for the stock selling it as one lump item because I bet there's not just a whole lot of people that have a couple hundred thousand dollars just hanging around. I looked at the inventory and they have some super well bred stock. $1000 a piece would be an absolute steal but I bet they won't even get that much the way they are doing it.

Dang, get a couple of those 2/3/4 year olds, put 30 days on them to give a good foundation and you could easily double or triple your money. Wish I had the time or money to look into getting a couple.
I agree. I wonder if the bank is forcing them to do it that way?

I would think they would get much more for each horse selling them one by one, there are some really nicely bred horses in there!

They are selling Captain Nice too.
     
    09-20-2010, 08:12 PM
  #9
Showing
I kinda wonder if they will get any bids on it at all. Those people who actually have the money to spend such a pretty penny all at once generally already have their herds established and certainly don't have space for an extra 200+ head.

I am really tempted to call them here closer to the closing date and see if they have got any bids and if they would accept a bid for a couple of head by themselves. I mean, after all, my brother does need another horse.
     
    09-20-2010, 08:13 PM
  #10
Foal
Wow. I don't know much about them but it's sad they're going under :-/ By the time a business gets to bankruptcy, it's pretty much an emergency, so they most likely just don't have the time to sell every horse individually... bankrupt businesses need money asap, even if it means less in the long run.

Wish I lived near texas and could pick a few horses up x_x
     

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