Professional Auction Services: 2010 Average Price Hits 32 Year High
Professional Auction Services, Inc. announced that the average price for all horses sold in 2010 reached a record level. The 1,556 horses that sold to new owners averaged $4,590, up 5% from 2009. The new record bested the old mark of $4,498 set in 1999.
The average was boosted by a record number of horses sold for $100,000 or more in 2010 led by Congress Super Sale High Seller, Huntin For Chocolate at $300,000. Huntin For Chocolate was sold pursuant to a court approved settlement to Darol and Karen Rodrock’s Rodrock Ranches. He will stand at Amy Gumz’s in Kentucky.
Three other horses hit the $100,000 level. The co-high sellers at the World Championship Show Sale were both yearlings sold by the Schroeder Ranch. Hot Lady Born Lopin, a filly by Blazing Hot out of Born Lopin sold for $100,000 to Gary and Susan Dempze’s Red Berry Ranch. A yearling colt by Born To Be Blazing out of Miss Surely Bars also sold for $100,000 to Rolling Pastures Horse Ranch, LLC.
The other horse on the list is NRCHA Snaffle Bit Futurity Sale High Seller Savannahboonsmal at $125,000. The two year old daughter of Peptoboonsmal is out of Savannah Hickory, dam of the 2009 NRCHA Snaffle Bit Futurity Champion Raymanator. Savannahboonsmal is also a full sister to 2009 NCHA Open Futurity Finalist. She was sold by GS Cutting Horses, LLC to Circle Y Ranch.
The number of horses cataloged dropped by 13% to 2,352. Gross Sales dropped by 10% and the Median Price fell by 4%. “The statistics show that the upper end of the horse market is very strong,” said Tim Jennings of Professional Auction Services, Inc.
Leading 2010 PAS Auctions by Average Price
- $6,709 Average Price – The AQHA World Championship Show Sale
- $7,901 Average Price – The All-American Quarter Horse Congress Super Sale
- $7,965 Average Price – The NRCHA Snaffle Bit Futurity Sales
- $9,020 Average Price – The American Hunter Pony Classic with the USEF National Pony Finals
- $14,830 Average Price – The Sport Horse Auction with Dressage at Lexington
For more information contact Tim jennings at Professional Auction Services, Inc. 800-240-7900.