Katiean
Well-Known Member
I am glad the sale is so far from me. I love auctions.
Lonnie is right, now is the time to buy if you want to improve your stock, and if you want to see sale prices improve we all need to focus on the positive, not the negative. Perception is 90% of marketing and if the participants in the industry project a poor picture of the market then potential buyers and especially new people perceive the market and the product it represents as poor or cheap. Once they have this perception it is hard to change it and they figure the mid to upper end horses as to high and they want to buy those cheap ones they keep hearing about. I like Lonnie have been in this business awhile now and have seen it up and down but you hear and read little about the up but a lot about the down. We do not publish the prices from our sales as a courtesy to the buyers who may not want potential customers to know what they paid and as a courtesy to the sellers who may not want their customers to know what they sold for. Now I know people will publish them and that is ok and as a matter of fact I like to know where the prices are myself but it still behooves us all to focus on the high sellers not the low sellers at the sales. As Lonnie implied we need to be talking about what a nice horse it was and what a bargain, not how bad the prices are off. Another thing that usually gets left out of the conversation is the quality on the lowest end prices. As times get tight consignors tend to not consign their better stuff in fear of having to no-sale at an embarrassingly low price so instead they will off load some lower end stock they don’t want to feed through the economic drought and try to hold their better stuff for better times. This is not necessarily a bad strategy from an individual standpoint but the net effect if everyone does it is poor quality driving the prices even lower and it seems to spiral down from there until it finally starts to cycle back. I know that was a lot of blabber but the bottom line is we tend to set our own market. If we only talk about the negative then that is all the market place hears. And if we are not willing to stick our hand in the air and pay a reasonable price for a decent horse and the guy setting on either side of us isn’t either then we can’t expect the new guy sitting behind us to bid and if we leave there only talking about the poor prices our expectation of lower prices becomes a self fulfilling prophecy.This is Lonnie with the SOS sale. Prices were not dirt cheap and not way high. LOTS of new potental buyers out there.
Remember your Wall Street stock is only as good as the day you sell it!
IF you plan on staying in the horse market, plan ahead. There are a lot of AFFORDABLE pedigree horses out there right NOW for sale.
If yours are not the quality you want, TRADE UP NOW at these prices. STOP whining and take advantage.
Lonnie Sharping.
Yes those prices were dirt cheap but the ones that brought the super low prices werent outstanding horses either...Sorry if this offends anyone but I did go to this sale and I bought a mare in foal and I guarantee I paid a lot more than $10 for that mare because she actually had multiple bidders which is very much required and only going to happen with the better horses. I will say though that there were some that should have gone lots higher but a lot of people just seemed to be there to sit on their hands but it was a great sale to buy at... for me at least"Dirt Cheap" was Webster City, IA last June, $10 broodmares, $35 stallions........less than the catalog fee!
Yep--it was a great sale for me too. The mare and fillies I purchased there would have been high sellers at this sale, and they were still awesome deals. I plan on putting the money I saved into getting them show records.Yes those prices were dirt cheap but the ones that brought the super low prices werent outstanding horses either...Sorry if this offends anyone but I did go to this sale and I bought a mare in foal and I guarantee I paid a lot more than $10 for that mare because she actually had multiple bidders which is very much required and only going to happen with the better horses. I will say though that there were some that should have gone lots higher but a lot of people just seemed to be there to sit on their hands but it was a great sale to buy at... for me at least.
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