All signs point to this year’s World Show Sale being a “buyers market” to say the least. A dip in the economy reared its ugly head resulting in sale numbers plumeting. With the average sale price coming in at a wopping $4,755 compared to $6,655 the year before, there were undoubtedly some deals to be had if one was so inclined.
Other indications of a dismal sale were the high selling horse going for just $42,500 (a yearling western pleasure stud colt purchased by Randy Wilson) compared to $103,000 in 2007, and the total number sold down from 80% in 2007 to just 74% this year. And with almost exactly the same number of horses selling year over year (374 in ’07 and 376 in ’08) sale totals dipped from $2,003,300 to $1,331,300 which provided for a 33% drop to the overall bottom line of sellers.
Let’s all hope this is just a bump in the road and not a sign of more to come as the horse economy appears to be going down the wash rack drain.
Click here to view all of the 2008 AQHA World Show Sale Results.
