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Slow market for show HJ horses?

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  • Slow market for show HJ horses?

    Anybody have any opinions on this? I'd be particularly interested in hearing from trainers who sell the slightly higher jumpers/hunters. Has the market been quiet or similar to previous years?
  • Original Poster

    #2
    Anybody have any opinions on this? I'd be particularly interested in hearing from trainers who sell the slightly higher jumpers/hunters. Has the market been quiet or similar to previous years?

    Comment


    • #3
      The market is very poor for any type/level of horse at the moment. I have heard the "hot spot" is Florida, but everywhere else is pretty dead. I have heard this from many agents as well.

      ________________________
      Spot this!!
      www.thiessenhorses.freeservers.com

      Comment


      • #4
        Eurohorse, on the buyer's side I can tell you that we are being offered horses that were originally much more expensive, at what I would consider bargain prices compared to a year ago.
        (The deals have ranged from 30-40% reductions in asking prices for mid-five figure horses.)

        I choose my friends for their good looks, my acquaintances for their good characters, and my enemies for their intellects. A man cannot be too careful in the choice of his enemies.
        Oscar Wilde (1854–1900)
        \"It\'s a funny thing about life: If you refuse to accept anything but the best, you very often get it.\" ---W. Somerset Maugham

        Comment


        • #5
          I'd have to agree, having just sold my horse last month, and having to discount him considerably to sell him, I found the market to be extremely slow. I would get phone calls inquring if I'd take less for him with out the person ever even seeing him except for a picture. It seems horses are selling under 10,000 and to get anything over that you have to be very connected with the right barn. Even then I understand people are having to sit on horses for over a year before selling and then prospective buyers want to take them out and try thm for months. We sold a push button fabulous pony but only after the people "tried her" for 3 months. I'd have to say 3 years ago she would have sold for 3 times as much and the sale would have been completed in a heatbeat. However not every one goes t FLa and alot of people are just starting to really get serious about buying.

          Comment


          • #6
            STRANGE market.....

            Under $10K and over $45K nothing in the middle

            Comment

            • Original Poster

              #7
              That's interesting. I've noticed that a few very nice horses in our barn who are for sale are not moving fast either. It certainly seems to be a buyer's market.

              Comment


              • #8
                For being a buyers market I have noticed that sellers are not moving on their prices even after a vet check demands negotiation.
                I don't know what kind of market it is. But, whomever said that the under 10k sell is correct and the very high end sell. It is the in between that don't seem to be moving.
                That's tough for me, being a shopper.

                Comment


                • #9
                  Right now nothing is moving. I have some very horses that are not selling. I know of other trainers who have just taken their horse off the market or who've leased them out. Leasing seems to be the way to go right now.

                  Comment


                  • #10
                    I think some buyers and sellers need a reality check too. I mean honestly "5 year old gelding 16 hds, warmblood, green but lots of potential, free jumping 2'6", $ 45,000" Sad thing is 3 years ago they were buying them up left and right, and they were called bargins at that price. Now people have these guys 3 years later and guess what they can't sell them, at least not for what they paid for them unless they turned into a childrens / adult packer with a 1000 + trot that could win the classic in Wellington in the pouring rain at 3:00am and stay dry doing it. So getting to the point, If you have a green horse now with loads of potential and it's packing them around at 3ft , it has to be 17hds have 4 white perfect stockings be able to read a course and know the strides by itself and speak french, then maybe you might get $40,000.00, take any of the above elements away and the price drops to $7,500.00 and unless you know so and so, trainers aren't even going to come look cause they can't make any money at that price. The horse market like every other market is very tuff. On the bright side however thier are alot of bargins (real ones) out there and this sport may just be able to becme afordable to the middle class. You know the ones who pay there bills, raise children with work ethics, and understand that life doen't always present you wth the blue ribbons. G

                    Comment

                    • Original Poster

                      #11
                      well said Mike MCS!!

                      Comment


                      • #12
                        Yes, well said, Mike MCS.

                        I am on both ends right now, both selling and buying, in that $10k - $45k market. I have managed to sell our tb (who is not an easy ride), but on the buyer's terms, literally. They get 6 months to pay me less than my asking price. BUT, it is a wonderful home and I feel lucky to have found them (through 2 trainers, no doubt). Plus, I have managed to find my dtr another horse, more suitable to her riding style, who can jump a 3'6" course quietly, and at a heck of a bargain. Basically, I am lucky to be $0 cash flow on the deals, after our horse is paid off by the buyers.

                        In looking for a horse, I really only saw a couple of good deals, though. Many sellers would not come down on prices after questionable vet exams. Unlike myself, I guess they felt they could hold on for a better price.

                        ****^-^****
                        Don't ask me, I'm just the mom!

                        ~Proud member of the Thoroughbred Clique~

                        If Dressage is Symphony, and Eventing is Rock 'n Roll, then Hunters must be R & B

                        Comment


                        • #13
                          Well I have one priced in the 10k range which will be on the increase, and guess what no takers. She went to her first A show and did the a/a and was a doll. Nobody seems to want anything right now.Maybe in the summer things will pick up.

                          Just another day!!!
                          I want to be like Barbie because that bitch has everything!

                          Comment


                          • #14
                            <<this sport may just be able to becme afordable to the middle class.>>

                            Well...the horses might be more affordable, but the sport needs some work if that will ever be true! ie, someone will have to devise a way that kids can compete WITHOUT finding it necessary to spend in excess of $200 per show (shipping, entries, coaching). The "middle class" is sort of scraping by right now trying to pay off all those new houses they bought with the expectation that there would be 2 incomes to draw on to pay off the mortgage, only to realize that this is no longer the case or soon might not be.

                            Comment


                            • #15
                              Well, if any of these 'marked down' horses will make an Advanced Event horse, email us. Unfortunately we live in Florida where I guess the prices have stayed high.

                              Comment


                              • #16
                                I have a nice hunter/jumper mare for sale in Michigan for "only" $7500 who's been on the market since August. I've only had ONE person come and look at her and that was just last night! Definitely a buyer's market!
                                Attached Files
                                \"Get after her, you feckless pack of ingrates!\"

                                Comment


                                • #17
                                  Reality is finally hitting the show world! We have priced ourselves off the planet and now that the economy is down, everyone is coming back to earth.

                                  Low priced (under $10K) horses are selling to a certain extent, and high end (Over $150K) continue to go, but in between there is no market without a lot of negotiation. A lot of this comes from the commissions that trainers have added to the price tags over the last decade - now the horses can't live up to those prices and the owner's are stuck with the "real" price of the horse facing them.

                                  Comment


                                  • #18
                                    I'm also having a heck of a time finding a horse. Unfortunately my price range is lower, but everytime I get on a horse to try the owner goes "well we've bumped the price up." and then they won't budge. I understand that selling horses is hard as well, but sometimes both buyer and seller need to negotiate with each other a little.

                                    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by dcm:
                                    I have managed to find my dtr another horse, more suitable to her riding style, who can jump a 3'6" course quietly, and at a heck of a bargain. <HR></BLOCKQUOTE>

                                    Did you find a horse in MI for your dtr? Will she be showing in the MHJA shows this summer? Details hehehe ... scopin out competition
                                    -Tami-

                                    [Paint It Black - "Kiddo"]

                                    Comment


                                    • #19
                                      <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>the horses can't live up to those prices and the owner's are stuck with the "real" price of the horse facing them.<HR></BLOCKQUOTE>

                                      Precisely, Tackpud.

                                      ______________
                                      "It's a thin line between a smart TB and a smart-@$$ TB."
                                      "The standard you walk by is the standard you accept."--Lt. Gen. David Morrison, Austalian Army Chief

                                      Comment


                                      • #20
                                        <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by ChampionMercedes:
                                        <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by dcm:
                                        I have managed to find my dtr another horse, more suitable to her riding style, who can jump a 3'6" course quietly, and at a heck of a bargain. <HR></BLOCKQUOTE>

                                        Did you find a horse in MI for your dtr? Will she be showing in the MHJA shows this summer? Details hehehe ... scopin out competition <HR></BLOCKQUOTE>
                                        Did not find him in MI. Looked in Michigan and in Canada (driving distance from MI only), and either the horses were way over our range or had vetting issues. And yes, for the most part, our trainer only looks at horses from other trainers whom she has connections with. I did not really understand that at first. So anyway, a trainer friend of our trainer was in Denmark looking at a horse to buy and saw this one. She did not have a buyer in her barn, called our trainer, and now we are just waiting for the plane to load him up. He will be in MHJA this summer in First Years and probably Childrens. If they do well enough, the trainer will let them move up to jr hunters. He's very cute, but I don't have pics, yet. He's a black Danish WB, one white sock and a wispy star, 17hh, and 8 years old. Can't wait until he gets here.

                                        Hopefully, we will be at Stoney Ridge at the end of Feb. Will we see you at some shows this year?

                                        I was waiting for pics before posting here about him, but this thread just up my alley.

                                        ****^-^****
                                        Don't ask me, I'm just the mom!

                                        ~Proud member of the Thoroughbred Clique~

                                        If Dressage is Symphony, and Eventing is Rock 'n Roll, then Hunters must be R & B

                                        Comment

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