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World Sale

We’ll post a full report on the World Sale as soon as possible next week. We know that the overall average was $2,933, up slightly from last year. Nearly the same percentage of horses changed hands (61 horses were sold and 32 were repurchased). The average price for horses sold and not repurchased was $1,800, down approximately 20 percent from last year. The high-selling lot was #98 for $5,500.

Categories: World Sale

2 Comments

  1. Marilyn Lindenschmidt Said,

    October 31, 2009 @ 1:44 pm

    Steve is there any way I can find out who bought #98? I am the breeder of this horse and I just want to keep track of him if I can. I was also on the phone bidding on him but he went past my limit, guess I should have kept going.

  2. Julie Kreider Said,

    November 3, 2009 @ 1:25 am

    Over our many years of attendance, the World Sale had always been a highlight of our World Show experience. We have been both on the selling end (one year consigning the high selling horse) and on the buying end (several years buying the high selling horse). Recent years have proven the sale to be increasingly disappointing. Ideally, the World Sale should be a venue where the public has the opportunity to successfully buy some of the best representatives of our breed. Breeders should be able to showcase their highest quality and most accomplished horses at this sale with confidence that a legitimate buyer, a fair price and reasonable sale contract will be made. The cost of consigning, prepping, advertising, delivering and presenting horses at this sale is not cheap. Yet, the end result most often does not justify the means. Good horses are consistently selling at little more than these costs ..if that.
    It is our opinion that some of this problem goes to credibility. Many horses are consigned to the World Sale only to gain eligibility for certain events. While the events may well be good promotions, this practice, has been to the detriment of the original purpose of the sale. Buy backs are a “lost leader” that discourages legitimate buyers from participating in the future. They may have traveled at great expense to purchase a particular horse, only to watch shill bidding. Once buyers stop participating, good consignors become scarce. This spiral downward can be hard to stop.
    As for the prices?.. one could point the finger of blame at the overall equine market. Yes, we’d agree, the market over all is down, but I have seen similar caliber horses sell recently at other sales for more money and at less consignment expense. We also know that there is a brisk activity of sales that occur back at the World Show stalls at much higher prices. We know..we’ve been a party to them. Yes, the market is down, but there is always a demand for the highest quality regardless of the general economy.
    We can not inspire new breeders- the future of our club- with these sad results of our World Sale. The membership and the World Show committee should look long and hard at every aspect of the structure of this sale if we want this sale to endure. Now more than ever, as a breed association, we need to present our wonderful horses in a successful and professional light to encourage new membership and participation…not discourage it.

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