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Consignment Barns? Would you...

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  • #1

    Consignment Barns? Would you...

    would you consider sending your horse to a consignment barn if you were in a time crunch to have it sold? This is not my horse or barn...a friend is in a pickle and needs to sell their horse rather quickly. So would you feel that sending the horse to a consignment barn offers a faster/larger market? WOuld you send your horse out of state? any feedback would be greatly appreciated!
    Tags: None
  • #2
    I'd sent it to a trusted trainer to be sold on consignment, but not to someone I didn't know.

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    • #3
      I take consignments here, and i send them out as well - Works for me!
      "If you don't know where you are going, any road will take you there"

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      • #4
        I sold one of my mares through a consignment barn years ago.

        I had just had a baby, had no time for the mare and she needed to move on where someone could work with her to get her sold. I sent her to a local consignment barn that came highly recommended. I had never met the trainer but she had a good reputation, and a very good client base. The mare was still a bit of a hard sell, a couple of months iirc, and the trainer actually dropped the commission because she felt I had paid her enough in board.

        I wouldn't hesitate to do it again.

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        • #5
          Never sold at a consignment barn but have sold them at auctions and I've sent lots of them out of state just sent one to Fl. last week from here in Mn.
          Quality doesn\'t cost it pays.

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          • Original Poster
            #6
            WHat would you say is a reasonable consignment fee or percentage? and is it common to have a certain month long agreement?


            So I am in VA, does anyone know of a wonderful consignment barn within, oh, about 4 hours of me?

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            • #7
              I am hard of hearing and speak with a thick accent, that some have trouble understanding.
              Both not good for communication, that even in today's internet world, eventually has to be over a phone if not in person.
              So, any horse I have for sale a friend trainer takes care of it for me.

              The going rate here is 10% of the sale figure and any other expenses, like ads or such.
              Some horses I have here and haul to be shown at my friend's place, others I leave there until sold.
              Around here, many times we know the buyers and they may take a horse home to try for a few days.
              Nice horses sell themselves once they try them and all are very happy.

              Works if you only sell a very few and trust the people you work with.

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              • #8
                Can't give you any specifics on the VA area, but I've bought through consignment barns, worked for a few trainers who've had horses on consignment, and also had friends who have sent horses out on consignment. I think as long as you know and trust the person, it's a good way to get your horse out there. A good consignment barn will have connections you don't. Mind you, I don't think this guarantees a quick sale.

                Conversely, I've heard of trainers taking horses on consignment that put students on for their "training rides" and put practically no advertising and time into them, coming up with all sorts of imaginary buyers, etc. I'm just saying make sure you trust and know who you're sending them to, even better if someone you know well recommends them.
                Gentleman J - "Junior" - My been-there, done-that jumper

                Send Your Love - "Serena" - Aug 10th 2009, Rest in Peace

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                • Original Poster
                  #9
                  Okay, VA COTHERS, give me some names of good barns, please!

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                  • #10
                    Make sure friend understand the terms consignment and commission and is clear on what the cost to her will be ahead of time.

                    Typically-but not always.
                    Consignement = trainer takes horse and charges owner nothing. Takes expenses out of sale price and sends remainder to owner.

                    Commission = trainer takes horse but charges owner board and training fees, takes a pre set % of sale price. Usually 10=20%.

                    Consignment sounds like a better deal but, unless that horse sells within the first month, costs reduce sale proceeds to the point owner may actually owe. Also seems to generate more misunderstandings and outright fraud.

                    Commission is actually the easier to moniter. Monthly bills tell owner exactly what is going on with horse and what the trainer will retain at time of sale is prearranged.

                    It is traditionally either consignment OR commission but you can run into a combination set up. Make SURE everybody understands costs, sale price and costs or commissions. Make SURE to read and sign a contract. Make SURE to check references on sale barns.

                    Needless to say, there are crooks out there. There is also alot of misunderstanding of who pays for what and when.
                    When opportunity knocks it's wearing overalls and looks like work.

                    The horse world. Two people. Three opinions.

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                    • Original Poster
                      #11
                      oh, wow, thanks findeight, no, i didn't really think about the consignment/commission difference! Good to know =)

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                      • #12
                        If she can wait until March, I'd bring the horse to the Virginia Hunter and Sport Horse Sale. More information can be found at www.professionalauction.com. It's a reputable auction for riding horses. I have bought and sold there for many years.

                        I'm not sure that a consignment barn will be much help right now. The market is pretty slow for everyone. I take consignments and I have turned everything away since the fall. I simply can't promise to get the horse sold quickly and/or at a price that meets the sellers' bottom line and covers my fees.
                        Where Fjeral Norwegian Fjords Rule
                        http://www.ironwood-farm.com

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                        • Original Poster
                          #13
                          i did think about that, but I think the price range of this horse won't be a good one for an auction

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