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Are show horses selling?

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  • Are show horses selling?

    I haven't been to many A shows this summer and fall, due to the economy. So I'm out of touch a bit........Here in FL, most "show horses" (or pregreen prospects) sell in the fall or during the winter circuit.....
    Just wondering on what the pulse is these days? What do you expect for the next six months?
    If you had to guess on a % of prices being reduced from the "good ole days".....what would it be, or do you think yesterday's prices are holding for a really fancy hunter or hunter prospect?
    www.flyingcolorsfarm.comHome of pinto stallion Claim to Fame and his homozygous son, Counterclaim. Friend us on Facebook!https://www.facebook.com/#!/pages/Fl...04678589573428

  • #2
    I've had a huge upsurge in interest in the past month, for both the experienced and prospect horses. I sold 1 (experienced) horse last week, and have another (experienced) horse getting a 2nd look this weekend, so fingers crossed there! My fancy pre-green prospect has 3 people waiting to see her (she is healing from a kick, sigh).

    I had a dealer call me last night to set up an appt for one horse, and was also asking what show horses I had, as she had 2 different buyers looking for one (1 person had up to $40k, the other $75k).

    So things are picking up, but prices are definately more "budget friendly" than they were before.
    Cherry Blossom Farm - Show & Field Hunters, Side Saddles

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    • #3
      Things have been busy if the horses are priced well.
      People are realizing they can buy the same horse for about 50% the value it had a few years ago - so yes things are selling but not for the prices they were in the past.
      People figure they will just shop around until they find someone desperate to sell - and there are lots of those people out there!
      For example, we were selling good 3'0" Childrens/Adult Hunters for $60-80K a few years ago and now they are selling in the $35-50K range. Everyone is taking a hit.
      We live in Florida too and have traffic all year round - I think it is actually easier to sell to the Florida barns than waiting for the out of towners to arrive - then the market gets flooded - everyone has something to sell!
      I think it is still easier to sell the prospect - you are selling the dream it may someday be that special "one" - but there are less people wanting to invest in a horse for a professional to show - they want to show it themselves.

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      • #4
        i had clients here last weekend, two kids looking, and have gotten 5 new orders just this week. have someone looking at a pony tomorrow.and waiting on the results of a vetting on another. so, i think it is starting to pickup a bit. but i too agree prices are more buyer friendly.
        www.camaloufarms.com

        ride it like you stole it! "ralph hill"

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        • #5
          I just tried to call you about people I had coming too!! ha ha great minds think alike - give me a call.

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          • #6
            I do have to say, the four figure horse market has just about come to a screeching halt. We can't give our horses away.

            Comment


            • #7
              Agreed, we've had a huge pick up in the past month. Sold two in the past 2 weeks, have a PPE scheduled for Monday, and I've totally lost track of how many people have told me they have had trials scheduled/occured in the past month. And that doesn't include the stack of buyers on my desk that we didn't have something for, there are at least 4 or 5 six figure inquiries in there.

              In some instances prices have come way down, other instances not so much. The truly good horses still cost an arm and a leg, the price might have come down a bit but no one's going to make a steal on them. On the other hand, the useful, quasi-good, and 3' limited horses have come down significantly. Ponies are still hurting, I've seen the biggest price reductions in that range, but again, the truly good ones still aren't cheap.

              Recently compiled a report on various statistics we've accumulated over the summer. Data only went through August 31st and doesn't include this most recent surge:
              http://exchangehj.typepad.com/modern...o-sellers.html
              EHJ | FB | #140 | watch | #insta

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              • #8
                Dags.
                Fascinating information. Thank you for posting.
                www.oakhollowstable.blogspot.com

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                • #9
                  Originally posted by Oakstable View Post
                  Dags.
                  Fascinating information. Thank you for posting.
                  Thanks! I'm such a nerd
                  EHJ | FB | #140 | watch | #insta

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                  • #10
                    For the quality show horses that have loads of experience, I think their prices are staying somewhat true. Most of my clients are not effected by the economy, so luckily there is still somewhat of a market left. Prospects are very difficult to sell for me. Many people expect you to sell for half price just because the market is down, and assume anyone selling anything is having a "fire sale."

                    I did have someone fly out yesterday looking for a big eq horse for under 50, and I had to roll my eyes a little bit.

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                    • #11
                      If the horses are priced at what they're worth, not some ridiculous inflated price because of who's barn they're in, they're selling. I haven't noticed any price range being hit very hard, but then, we price them fairly for what they are. None of our horses sit around for very long because of this (because, let's face it, finally getting 20K after two years isn't going to make you a lot of money), and we've had several instances where the buyer notes how spot on the price is.

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                      • #12
                        If I wanted a very fancy big pregreen horse that will stand out in the crowd, what will I have to consider paying??
                        "Over the Hill?? What Hill, Where?? I don't remember any hill!!!" Favorite Tee Shirt

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                        • #13
                          with a show record and a piece of the hack, i'd say somewhere around 60-80k. maybe more depending on where you are looking.
                          www.camaloufarms.com

                          ride it like you stole it! "ralph hill"

                          Comment


                          • #14
                            Originally posted by Claudius View Post
                            If I wanted a very fancy big pregreen horse that will stand out in the crowd, what will I have to consider paying??
                            That's pretty vague, definitions of fancy vary wildly, especially in seller claims Likewise, proven vs. unproven - that darn show record again, will play a huge roll.

                            Let's say 16.3h chestnut WB with a lovely blaze and four great socks, a stunning mover, easy step and good, promising form over 3', and hasn't been seen trying to kill someone:
                            - At a decent but non big name barn, possibly inhibited by geographic location, casual show record but hasn't seen the likes of florida (or florida worthy) competition, $60-90k is probably the sale price, though original asking price I bet was more. The better it's shown, the more accessible it is, the higher up in that range it will be.

                            Take that same horse, get him to florida (or the like) and prove he's as fancy as you say he is, or plop him in a well-trafficed big name barn, they still want 6 figures for that one.

                            But you're talking "fancy", so I'm talking cream of the crop. It used to be that any decent pregreen horse started at $125K and that's not the case anymore. The "decent" pregreen horses, still quality mounts, still winners in fair company, but not world beaters, those are the ones that have come down in price, starting at $75K (some still start at 90-85K), sometimes selling as low as $40K, depending on all those aforementioned variables.
                            EHJ | FB | #140 | watch | #insta

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                            • #15
                              I find ponies for the short stirrup and prechildrens to be a much harder sale. We've seen a lot of horses sell this summer and fall and also some childrens ponies. Theese buyers are gettin their second or third horse they are used to paying board and want to show a lot. Horses go for a lot less then they did though. We can shop around 75K and get the same horses that were selling for buck twentyfive a year and a half ago.

                              It's harder to sell the first pony though then it was a few years ago. New parents are just not ready to take on the commitment of board right now even if the ponies are practically giveaways and pushbuttons in the short and pres.
                              Timothy, stop lurking

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                              • #16
                                just had another order for a w/t s.s. pony come in this morning, so it does appear to be picking up
                                www.camaloufarms.com

                                ride it like you stole it! "ralph hill"

                                Comment


                                • #17
                                  I've noticed several Ocala people on here and wondered if anyone had any advice on where to market or who to talk to about selling, young, fancy ponies. I am a dressage rider and breeder of GRP's. I have a couple that look like great hunters. Any advice?
                                  Whispered Wish Weser-Ems: Breeding quality German Riding Ponies!
                                  Standing the stallion Burberry
                                  www.germanridingpony.com
                                  www.facebook.com/HighlifesBurberry

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                                  • #18
                                    How about you send some of your pony buyers up my way? I've got a pony with GREAT form and you couldn't get him to stop no matter how hard you tried. But still nobody is interested. The price is right too....quite a bit cheaper than anything else like him I've seen!

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                                    • #19
                                      Informed of two more sales yesterday, that's 4 just this month with a total just south of $.5 million. Pony went out on trial two days ago and still waiting to hear about the PPE that occured monday. Seems like the season is wrapping up with a more optimistic look to the future than last year.
                                      EHJ | FB | #140 | watch | #insta

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                                      • #20
                                        From Ocala.com FYI...

                                        Economy affects horse sale

                                        By Fred Hiers
                                        Staff writer

                                        Published: Tuesday, October 13, 2009 at 10:36 a.m.
                                        Last Modified: Tuesday, October 13, 2009 at 10:36 a.m.

                                        The local horse industry continued to feel the pinch of the recession Monday as sales prices continued to slide at the Ocala Breeders' Sales Company 2009 Fall Mixed Sale.

                                        For the first day of the two-day session, 132 horses sold for $1,467,900, compared with 106 horses grossing $1,931,600 at the corresponding session a year ago.

                                        The average sales price was $11,120 compared with $18,223 in 2008. The median price was $6,000 compared with $12,000 a year ago. The buyback percentage was 40.3 percent. It was 53 percent a year ago.

                                        Hip No. 197, a weanling colt by Jazil consigned by Barry Menefee, agent, went to Baccari Bloodstock for $77,000 to top the Consignor Preferred session of the sale. The bay colt is out of Pelicus Affair, by Pentelicus, a half sister to graded stakes winner Pine Dance.

                                        Hip No. 57, a weanling filly by Yes It’s True consigned by Summerfield (Francis & Barbara Vanlangendonck), agent, was sold to Twin Peaks Racing for $52,000. The chestnut filly is out of graded stakes placed City College, by Carson City, and is a half sister to stakes placed Trinity College.

                                        The OBS Fall Mixed Sale concludes Tuesday, with an open session beginning at 10:30 a.m.
                                        The thing about smart people, is they look like crazy people, to dumb people.

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