Originally Posted by
Sticky Situation
Last night while I was participating in one of my favorite online activities - window shopping on CANTER - I got to thinking about something I've noticed since the beginning of CANTER and other OTTB resources many years ago.
Why is it that the gray horses are almost always priced about $1000 higher than bays or chestnuts that otherwise seem pretty comparable in quality?
Do that many people really prefer grays to horses of any other color? Grays are definitely striking and tend to stand out, but as for me personally ... While I wouldn't turn down a gray horse because of color, I kind of like the fact that my brown horses ar easier to keep clean and shiny (especially since they spend a lot of time turned out!).
And for those who buy OTTBs for resale ... Do you find the resale value of grays to be that much higher than the bays and chestnuts?
Do you think it's "worth it" to pay extra because the horse is a pretty color? Again, if I really liked the horse, most OTTBs are priced low enough that the price is still likely to be very reasonable even with the "gray horse surcharge" ... But given the option to purchase the exact same horse in chestnut for $1000 less, I would go with the chestnut!
The grays that are listed usually seem to sell pretty quickly, so it seems that people are willing to pay more for them.
I'm not looking to buy or sell one or anything ... It's just one of the quirks of the horse world that I have noticed, and I'm curious as to what others' thoughts are on this situation!