Comments on: World Sale notes

By: Sara

Sara — Wed, 03 Oct 2007 11:20:41 +0000

If you are worried about yourself, or others, making a trip to the World Show to bid and buy a horse consigned in the sale, and then finding out that it’s only going through to be eligible, contact the seller beforehand. Hopefully the seller will be upfront if the only reason the horse is consigned is to be eligible. Sometimes horses are bought back because they didn’t bring what the seller wanted. The seller may have set a lower reserve and since changed their mind for whatever reason.

In most cases, the consignment fee and commission will be higher than an ad in the journal.

I encourage you to contact the sellers beforehand though. At the Reichert Yearling Stakes sale this year, JR tried to make it known what horses were going through only to be eligible. Obviously, it didn’t also work, but it’s a start.

By: Julie Kreider

Julie Kreider — Mon, 03 Sep 2007 16:20:39 +0000

While the 8% might make it more expensive to buy back or shill bid at the World Sale, I doubt that penalty is enough to prevent it. That amount on average would be less than a full page journal ad or the entry in a slot futurity.
I would ask if the World Sale futurity is really serving the purpose that was originally intended- that being generating outstanding consignments for actual sale and increasing enthusiasm in the Appaloosa market. It appears now that the World Sale is more of a slot futurity itself. I have no problem with a slot futurity. They provide incentive to compete and showcase quality individuals with substantial rewards. I do have a problem when a slot futurity it is masked under the guise of a legitimate sale deceiving the buying public. In the past, our farm has been both the high selling consignor and the high selling buyer. Over the years we have consistently purchased quality horses through the World Sale. In the past several years however, we have watched this sale denigrate. The numbers and quality of consignments have diminished and the number of legitimate buyers significantly dwindling. Unfortunately, the truth is we have seen Appaloosa horses of comparable quality sell at Cannon Falls or even open sales better represented and for more money than our own ApHC sponsored World Sale. We would like to see the World Sale come back to what it used to be - showcasing top horses from top breeders and generating interest in the Appaloosa market. Surely we can keep the incentive for the futurity classes by having a separate entity and not muddying the World Sale.

By: Steve

Steve — Tue, 28 Aug 2007 16:03:57 +0000

Regarding the buy-back issue, we’ve corrected an error from last year. Owners who either “no sale” their horses or bid on their own horses will pay commission on the last bid. If they place a reserve price/bid on their horses, they’ll pay commission on that price (and they’ll be considered the last bidder). Paying the eight percent commission will cost more than a flat “pass-out” fee that we had last year, so if consignors are just interested in showcasing their horses and getting them entered in the incentive classes, it will certainly be more expensive than in the past.

By: Steve

Steve — Tue, 28 Aug 2007 16:00:33 +0000

Sale horses are supposed to be in the sale stall no later than 8 a.m. on sale day. We’re hoping they’ll be there earlier in the week.

By: Steve

Steve — Tue, 28 Aug 2007 15:58:37 +0000

Bidders will be registered with the LiveAuction site and the sale clerk will be able to identify anyone making an on-line bid. I know it’s not always customary at horse sales to announce names of buyers, but we’ll probably want to do that to help avoid any perception of “secret” bids. Yes, viewing and bidding will be at the same site.

By: KDJJ Appaloosas

KDJJ Appaloosas — Mon, 27 Aug 2007 13:17:34 +0000

Thats wonderful to be able to view/bid for some of us who can not attend this year! It will be interesting to see the bidding prices with the lower numbers this year. Will the owner/bidders be identified in the bidding to avoid “buy back” bidding wars? Is both the viewing and the bidding done on same site? Would be great way to get the word out if everyone “linked” the auction from his/her personal sites.
dar

By: Tracie Fortenberry

Tracie Fortenberry — Sun, 26 Aug 2007 05:23:13 +0000

Are you going to require that the sale horses be stalled in the sale barn this year?

I would be nice to be able to view them for more than a few hours (it that) before the sale. Trying to judge a horse’s qualities when there are wall to wall people trying to finally get a look at them is really difficult.

By: Julie Kreider

Julie Kreider — Sat, 25 Aug 2007 18:27:32 +0000

My question would be how many of these horses that are consigned to the World Sale are there to legitimately sell….and how many are consigned simply to be bought back or bought by sham bidders so that they will be eligible for the futurity? This is an increasingly frequent practice we have witnessed in the past few years. In our opinion, nothing has been done thus far to discourage it. We find this deceptive on many levels. Some people make it a point to make special trips to this sale, at great personal expense and with a legitimate intent to buy- only to find out the horse was never truly “for sale.” Also, we have seen some consignors bid up their horses, which are then no saled, to give an inflated market value to their stock or their stallion’s produce. Until this sale becomes more legitimate and deceptive practices eliminated, I think the popularity will continue to wane. In my opinion, a World Sale should be a legitimate showcase and market for the finest stock our breed has to offer to the general public and other members.