Determining the value of a horse - Page 2 - The Horse Forum
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post #11 of 25 Old 10-21-2015, 11:20 AM
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Around here (PA) OTTBs are about the least expensive due to the fact that there are so many of them. I would say $300.00 to $1000.00 (and usually more toward the lower figure) unless the horse has had a good amount of training.

Some horses are just priced way too high and I can't imagine anyone paying that price. Other times one particular buyer will pay more for a certain horse just because it is exactly what they are looking for. I am notoriously cheap when it comes to buying a horse for myself but I would pay a lot more for a horse for a child or inexperienced rider. The peace of mind knowing that they would have a safe dependable horse is worth a lot in itself
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post #12 of 25 Old 10-21-2015, 12:09 PM
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While I understand everyone's opinion of "Horses are only worth what someone will pay", I don't think this is the answer the OP is looking for. Regardless of whether this is true (which it is), no one sells a horse without putting some kind of price tag on it first. If we just put out ads with a couple pictures and said, "Someone make me an offer" no one would ever make money off horses.

What I will agree with is that horses are never an investment, as already mentioned. A horse who has the conformation and breeding but not experience is a horse who is going to cost the new owner time and money. This alone lowers the cost of any excellent potential show horse significantly. This is because riders and trainers are much less interested in an unproven horse, because an unproven horse is a business risk.

The main price driving a horse's price is experience. Beauty, brains, and breeding all come secondary to the amount of experience the horse has. A training level dressage horse will sell for less than a first or second level horse, in comparison.

Here's an example of all the ways your horse's ad could go, depending on what situation are you in. This is really just to show you how absolutely different the prices can be based on experience alone.

Ad #1:
8 year old off track TB Gelding 17 hands
Retired sound at 3, has been a recreational riding horse since. Bold on the trail, takes care of his rider in the arena; reliable, steady Eddie. Has been a lesson horse for the last 2 years for my teenage daughter and is always in the ribbons at the local open shows in dressage and hunters. He has earned each of my kids ribbons last show season.
$4500 OBO

Ad #2:
8 year old off track TB Gelding 17 hands
EVENTING PROSPECT! This horse retired sound at 5 after winning several races - he has stamina for days! I picked him up and took him to a show barn where he has been jumping up to 3'3" with the ability to jump higher; come out and see his scope! Beautiful mover, always has the judge's attention, a careful jumper. Won a total of 6 red ribbons in last year's show season.
$8500 OBO

Ad #3:
8 year old off track TB Gelding 17 hands
I picked up _____ after he retired from the track at 2. He was not fast enough to win and didn't seem to like racing. He's a bold horse but his size might be intimidating for a small rider. He has a nice soft mouth and rides off your seat and leg. Has been used as a lesson horse for the past few months and not much seems to phase him. We have just started beginner jumping lessons.
$2500 OBO

Ad #4:
8 year old off track TB Gelding 17 hands
Retired sound off the track at 2 and has been cleared by the vet for riding. Since I bought him I've taken him on trail rides where he has proven to be quite bold, but haven't done much with out him outside of recreational riding because I don't have an arena. Working on teaching him to neck rein as well.
$1500 OBO
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post #13 of 25 Old 10-21-2015, 03:55 PM
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I think rc1 meant, by investment, what sort of things do people look for in a horse that would make it worthwhile to invest in training (time and $$$) for that horse?

That depends on to what use you will put the horse. Temperament and soundness are first with me. Conformation that will be compatible with the use of the horse. Unless you are looking for a halter prospect, beauty (perfect ears, eyes, head, etc.) is lower on the list.

When I lived in Texas, people used to say they would not invest 10 cents in a knothead.
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post #14 of 25 Old 10-21-2015, 08:09 PM
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At the same time, you have people try to overprice a horse and sell it on an idea. I literally just stumbled across an ad for a 4yr old Oldenburg mare competing at TRAINING level dressage and schooling 1st level for $95K! I don't know who would pay that much money for an unproven horse. She's $75k overpriced if you asked me.
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post #15 of 25 Old 10-22-2015, 09:39 AM
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Quote:
Originally Posted by Tihannah View Post
At the same time, you have people try to overprice a horse and sell it on an idea. I literally just stumbled across an ad for a 4yr old Oldenburg mare competing at TRAINING level dressage and schooling 1st level for $95K! I don't know who would pay that much money for an unproven horse. She's $75k overpriced if you asked me.
Warmbloods always seem to be the exception to the price rule - people will pay any amount of money for one.

It's a bit of a scam if you ask me. Unproven horses of any breed should be sold appropriately.
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post #16 of 25 Old 10-22-2015, 09:45 AM
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True. Funny part is, I came across an 11 yr old gelding performing at Grand Prix level, safe for any level rider, absolutely stunning, and he was going for $65k including import from overseas. Responses to the ad were Why so cheap?? Lol.
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post #17 of 25 Old 10-26-2015, 08:06 AM Thread Starter
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Wow! thank you all for taking the time, i was not expecting this level of response. This is great info and very helpful.

i can only pass on what i've been told as i am not a trainer and have limited experience.

Like i said im new to horses, and i have been riding him for a few months. I feel comfortable leading him anywhere, tacking up, and ring and ground work. I lunge him with no issues and there are experienced competition riders at the barn that will jump him and ive been told he has a very comfortable canter.

he began training on lead changes and im told he picks them up well. he stands for the farrier and vet with no issues and has a clean bill of health. another OTTBG with similar training and stats at the same barn is listing for $8,000.

i dont have any photos of him working just some pics from around the barn. everyone i talk to says how gorgeous and huge he is i just dont know what the context is. is he gorgeous like my baby is cute?

taking a bath is easy though he doesn't like the hose/water near his head/eyes but tolerates it.

I dont ride out alone or often because i feel he needs some desensitization to certain things and i am a beginner rider. hes never bolted or bucked but he does get nervous from time to time and tenses up but ive never seen him commit to a reaction or flee.

Whinnie is correct. To be totally candid, I was not seeking a horse but due to unusual circumstances he has come into my possession. he is at a barn now and I am not happy with the care he is receiving, more accurately, appalled and in disbelief. Granted i dont know anything about horses but ive had animals my whole life big and small and i do have common sense.

I have someone that is going to evaluate him and the result will determine whether i put him into a training board at a pro barn, or if hes not the comp type, go with the rough board option with endless turnout and spend some time with him, become best friends and check out the trails.
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post #18 of 25 Old 10-26-2015, 08:11 AM Thread Starter
rc1
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Quote:
Originally Posted by WillowNightwind View Post
While I understand everyone's opinion of "Horses are only worth what someone will pay", I don't think this is the answer the OP is looking for. Regardless of whether this is true (which it is), no one sells a horse without putting some kind of price tag on it first. If we just put out ads with a couple pictures and said, "Someone make me an offer" no one would ever make money off horses.

What I will agree with is that horses are never an investment, as already mentioned. A horse who has the conformation and breeding but not experience is a horse who is going to cost the new owner time and money. This alone lowers the cost of any excellent potential show horse significantly. This is because riders and trainers are much less interested in an unproven horse, because an unproven horse is a business risk.

The main price driving a horse's price is experience. Beauty, brains, and breeding all come secondary to the amount of experience the horse has. A training level dressage horse will sell for less than a first or second level horse, in comparison.

Here's an example of all the ways your horse's ad could go, depending on what situation are you in. This is really just to show you how absolutely different the prices can be based on experience alone.

Ad #1:
8 year old off track TB Gelding 17 hands
Retired sound at 3, has been a recreational riding horse since. Bold on the trail, takes care of his rider in the arena; reliable, steady Eddie. Has been a lesson horse for the last 2 years for my teenage daughter and is always in the ribbons at the local open shows in dressage and hunters. He has earned each of my kids ribbons last show season.
$4500 OBO

Ad #2:
8 year old off track TB Gelding 17 hands
EVENTING PROSPECT! This horse retired sound at 5 after winning several races - he has stamina for days! I picked him up and took him to a show barn where he has been jumping up to 3'3" with the ability to jump higher; come out and see his scope! Beautiful mover, always has the judge's attention, a careful jumper. Won a total of 6 red ribbons in last year's show season.
$8500 OBO

Ad #3:
8 year old off track TB Gelding 17 hands
I picked up _____ after he retired from the track at 2. He was not fast enough to win and didn't seem to like racing. He's a bold horse but his size might be intimidating for a small rider. He has a nice soft mouth and rides off your seat and leg. Has been used as a lesson horse for the past few months and not much seems to phase him. We have just started beginner jumping lessons.
$2500 OBO

Ad #4:
8 year old off track TB Gelding 17 hands
Retired sound off the track at 2 and has been cleared by the vet for riding. Since I bought him I've taken him on trail rides where he has proven to be quite bold, but haven't done much with out him outside of recreational riding because I don't have an arena. Working on teaching him to neck rein as well.
$1500 OBO
Thanks for posting! This is along the lines of what ive been seeing but even the under $10K is kindof a broad range. I've seen similar listings like ranging from $500 to $28,000.
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post #19 of 25 Old 10-26-2015, 08:51 AM
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When I was a horse-crazy kid (as opposed to the horse-crazy adult I now am), I spent all day at the monthly horse sale. I wandered around listening to other people discussing tack, horses, conformation, market prices, hot trends, training, etc. I learned so much, and as I gained more horsemanship skills through riding, showing and 4-H, I eventually formed my own opinions, and was able to tell the b.s. from tidbits I needed to explore further on my own. Books and youtube are great, but there's a lot of knowledge you can gain by getting your boots dirty and keeping your ears open.
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post #20 of 25 Old 10-26-2015, 10:02 AM
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Are you looking at using the horse yourself or are you wanting to have him trained for re-sale? Training is very expensive. It drives up the investment in a horse but not necessarily the worth in the same proportion. You could spend thousands in training but only get hundreds back in re-sale. But it is hard to put a price on one's satisfaction and pleasure with one's horse.

You might as well figure that if/when you sell this gelding you will very likely not get the money back you invested. Your return will (should be) be pleasure with the horse.
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