Double Registered Market is Strong (AQHA/APHA)

In general, the market for double registered (AQHA/APHA) horses is strong. Demand for DR horses is strong, but quality has to be present. Remember the old adage "You don't ride the papers."

Recently a question was posed about the market for a double registered Quarter Horse / Paint Horse weanling colt. The qualifying white was his facial marking, and he has Regular Registry papers with APHA. This particular colt has a sire who is no longer of popular blood, and his dam is "well-bred" but unshown. Even if she has a fantastic pedigree, since this is her first foal, few people will be inclined to reach deep into their pocketbooks.

Most novice or new buyers don't know enough to specifically look for a double registered horse as a defining characteristic. (And I am hopeful that most novices are not out looking for a weanling colt anyway). Additionally, many buyers of all levels compete in events not sanctioned by a particular breed association, like rodeo and jumping. In these instances, registration is simply an added bonus, not a requirement.

Double registered riding horses and prospects are often sought out my a more experienced buyer who is interested in showing in either or both breed associations. Often, they have the assistance of a trainer or agent when making a purchase. With that in mind, a double registered horse must be of above average quality to attract this more knowledgeable buyer.

Generally, the market for colts (being sold as stallion prospects) is a different group of buyers than the market for geldings (being sold as show prospects). Without a powerful pedigree behind him, it's my opinion that this colt should be gelded.

In this past year, under pedigree and conditions similar to this colt's, I have seen average double registered prospects sell for $3,500 to $6,500. I have seen DRs that are started under saddle sell for up to $15k. And, I know of a young DR who is showing successfully in both associations that just changed hands for $30k. Proven or exceptional horses naturally have sold for more.

Breeders might want to consider the amount of money it takes to keep, maintain, train, and eventually show one, to get to the various price points. And, they should also consider what they think the market will do (remain, fall farther, rise) before setting a price and determining when they will sell.

Breeders will continue to demand DRs backed by excellent pedigrees to expand the marketability of resulting foals within several different market segments. As show prospects, pedigree is less important than the double registered horse's talent, movement and temperment - the same characteristics anyone would look for in a show horse. Once proven successful in competition, the DR can potentially make its own bloodline more relevant and therefore more valuable.

I would love to hear your thoughts on this...

Congress Sale: Dramatic Improvement Over Last Year

October 22, 2010
Press Release

In the early morning light of Saturday, October 16th, Quarter Horse breeders, trainers and owners began to trickle into the Ohio Expo Center for the Congress Super Sale.

People roamed the stalls behind the sale arena in the Lausche Building, getting a last minute preview.

The high seller of the event was Huntin For Chocolate, a renowned western pleasure stallion. Purchased for $300,000 by Darol Rodrock, the 1996 gray Quarter Horse will remain in Morgantown, Kentucky at Gumz Farms.

His 2011 stud fee will be $2,000, with concessions going to point earning mares and mares with outstanding bloodlines.

Statistics for the sale were up across the board, with the sale grossing nearly $1.2 million, up 36 percent from last year. The average sale price was $8,085, which is up 40 percent. 80 percent of the horses sold, with the top six, including Huntin For Chocolate, selling for more than $20,000.

The top selling yearling, Biodiesel, went for $14,800 to Sherry Valo. The colt by Diesel Only and out of a Thoroughbred mare, Sun Rea Teck, is an outstanding hunter under saddle prospect, according to previous owner Page Quarterman.

Overall, however, proven performance horses sold better than prospects. The average yearling sold for $4,891, while the average three and four year old sold for more than $6,000.

For full results of the Congress Super Sale, please visit www.professionalauction.com.

Los Alamitos Sale average up 5% from '09

The 2010 Los Alamitos Equine Sale enjoyed an increase of 29.91% in gross sales and an increase of 25.40% in total gross sales including repurchases according to final sale figures. A total of 466 head went through the auction ring during the two day sale on October 2 and 3 for total gross sales including repurchases of $6,059,800. In comparison, 366 horses (including repurchases) sold for $4,832,300 in 2009. As for total sales, 380 horses sold for $4,731,900 – compared to 306 horses sold for $3,642,200 in 2009.

Numbers for the Los Alamitos Equine Sale were up across the board, as the average price of $12,452 for total horses represented an increase of 5%, while the average price for yearlings sold of $13,211 was up 4.4% from last year’s figures.

“We are pleased with the numbers for this year’s Equine Sale, especially with a 25% increase in total gross sales,” said Dominic “Bud” Alessio, the president of the sale’s managing company, Pacific Coast Quarter Horse Association. “The sale went smoothly, the weather was beautiful, and the sale grounds looked terrific. On behalf of the Los Alamitos Equine Sale, I’d like to thank our wonderful consignors and buyers for a very positive sale. I believe that our consignors and buyers were very pleased with this event.”

“We were happy with the way the second day went,” added Bonnie Vessels. “We’re not taking a single horse back home with us and I can’t remember the last time we did that. We sold every single horse. We’re happy with that.”

The high seller at the Los Alamitos Equine Sale was Aquaholic (Hip #139), a colt sired by Splash Bac out of AQHA champion broodmare Runaway Wave. Consigned by Lucas Racing Inc., Aquaholic was purchased by Salvador Berron of Mexico City, Mexico for $150,000. The colt was one of two $100,000 purchases on the day. The second high seller was the First Down Dash colt Travesty (Hip #235), who was purchased for $112,000 by MPC International Trading of Monterrey, Mexico. Lazy Creek Ranch consigned Travesty, who is out of a full sister to 2007 World Champion Blues Girl Too.

The high seller on day two was the First Down Dash colt Down At The Lake (Hip #417) purchased for $106,000 by Dennie and Kris Hill of Idaho. “We loved Down At The Lake’s looks and confirmation,” said Dennie Hill. “We watched him move and we liked what we saw. He’s a First Down Dash colt so that’s another thing that we love. It’s been six or seven years since I’ve purchased a horse for this much money, but we figured that it would take at least $100,000 to buy him. We talked a lot about the possibility of spending $100,000 on him and we made the decision that he was worth it.

The day’s second top seller and fourth overall highest seller was the Walk Thru Fire colt Hit It Big (Hip #355). Purchased by Ed and Theresa DeNike, Hit It Big is a full brother to 2010 Governor’s Cup Futurity winner Hot Hitter and half brother to 2008 Governor’s Cup Futurity winner and 2009 Governor’s Cup Derby winner Hard Hitting. Hit It Big is out of the 2008 PCQHRA Broodmare of the Year Chickasis and from the same family as 2009 World Champion Freaky.

A total of 23 horses sold for at least $50,000 at the 2010 Los Alamitos Equine Sale or nearly double the figure of twelve $50,000 purchases from last year’s sale.

Ed Allred was the top consignor with 72 heads selling for a total of $1,199,500. Burns Ranch and Burns Ranch Agent combined to sell 72 head for $1,180,000, while Vessels Stallion Farm sold 34 head for $495,900. Jose Flores was the top buyer by gross figures with seven horses purchased for $224,200. Salvador Berron was the second leading buyer with one horse purchased for $150,000, while Rachuan Suarez was third with nine horses purchased for $139,700.

For the full story, visit http://www.losalamitosequinesale.com.

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