wench
Well-Known Member
Following on from the few posts recently, about how horses are over priced, do we think that horse prices will ever come down? Or are the people that buy these overpriced horses just looking in the wrong places???
will horse prices ever come down?
- Thread starter wench
- Start date
Capriole
Well-Known Member
i dont know, i hope so.
have read posts about horses being advertised at a reasonable price thoughm and getting no interest, then being readvertised at an inflated price and being snapped up, makes no sense.
have read posts about horses being advertised at a reasonable price thoughm and getting no interest, then being readvertised at an inflated price and being snapped up, makes no sense.
Blizzard
Well-Known Member
I think many horses are overpriced at the mo, I was just looking on horsemart this morning and there were horses on there for over 2k that the owners couldnt even catch, or that they had bought as quiet horses and were dangerous! Someone was selling oneofthese dangerous ones as a companion, for 3k!
Capriole
Well-Known Member
ha, have you seen the prices on the project horses website!?
wench
Well-Known Member
so who is responsible for inflating horse prices?
jumpthemoon
Well-Known Member
I think so long as there are people out there who will pay the prices then they will only go up. I can't see them coming down at all. I think there are reasonably priced horses out there, you just have to be careful when purchasing!
I think some people who have too much money and no experience, will buy a horse based on the price tag, rather than the horse - this sort of thing obv. doesnt help!
I think some people who have too much money and no experience, will buy a horse based on the price tag, rather than the horse - this sort of thing obv. doesnt help!
Blizzard
Well-Known Member
[ QUOTE ]
ha, have you seen the prices on the project horses website!?
[/ QUOTE ]
I know! OMG!
ha, have you seen the prices on the project horses website!?
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I know! OMG!
Capriole
Well-Known Member
supply and demand, isnt it, if it makes some people happy to say they paid X fantastic amount for a horse, it must be better than one that only cost Y amount, mustnt it?
(remembers riding club horse i sold for 2000 that consistently beat another that had cost 18 grand, lol)
(remembers riding club horse i sold for 2000 that consistently beat another that had cost 18 grand, lol)
Faithkat
Well-Known Member
I agree with you that there are some totally ridiculous prices being asked at the moment but the bottom line is - are these horses actually selling? People can put whatever price tag they like on their horses but are buyers willing to pay that much or are the horses remaining unsold? I'm tempted to phone one of the adverts from a few months ago just to find out.
Capriole
Well-Known Member
go on forester
trundle
Well-Known Member
Actually, i rather think prices WILL come down later in the year, based solely on the fact that there isn't going to be very much hay around. What hay there is will sell for a premium, so I suspect that a lot of people may start to find their horses uneconomical to keep and there may be quite a lot of horses coming onto the market in the autumn. At that point, given the influx of supply, it in effect becomes a "buyers market" and prices will drop as people need to sell their horses.
Its not a given, of course, and based on nothing but gut feel, but I really do think its a distinct possibility this year.
*is not an economist*
Its not a given, of course, and based on nothing but gut feel, but I really do think its a distinct possibility this year.
*is not an economist*
fairhill
Well-Known Member
[ QUOTE ]
I agree with you that there are some totally ridiculous prices being asked at the moment but the bottom line is - are these horses actually selling? People can put whatever price tag they like on their horses but are buyers willing to pay that much or are the horses remaining unsold? I'm tempted to phone one of the adverts from a few months ago just to find out.
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A girl on my yard has been selling her green 5 yr old for the last 6 months. The price has gone up from 2k to 5.5k in that time (he hasn't improved at all in the 6 months). He sold last week at the high price, and she's been shopping ever since
Unfortunately there are enough buyers out there willing to pay a lot for a horse, which ruins it for the rest of us more sensible folk
I agree with you that there are some totally ridiculous prices being asked at the moment but the bottom line is - are these horses actually selling? People can put whatever price tag they like on their horses but are buyers willing to pay that much or are the horses remaining unsold? I'm tempted to phone one of the adverts from a few months ago just to find out.
[/ QUOTE ]
A girl on my yard has been selling her green 5 yr old for the last 6 months. The price has gone up from 2k to 5.5k in that time (he hasn't improved at all in the 6 months). He sold last week at the high price, and she's been shopping ever since
Unfortunately there are enough buyers out there willing to pay a lot for a horse, which ruins it for the rest of us more sensible folk
Capriole
Well-Known Member
yep, increase the price and it sells...
vieshot
Well-Known Member
Some people look in the wrong places, i mean how much would you expect to pay for a 13.2hh professionally broken reg Nf 4YO?? I could pick one up any day of the week for about £800. Yet look in the ads and they go for like £1700, ridiculous!
WelshRareBit
Well-Known Member
I bought my horse for under 2k and *touches wood* he's been great.
Got to be honest, I look at some of these ads and laugh to myself. People must be crazy to pay what they pay for horses nowerdays, but I guess if youve got it, why not spend it??
Got to be honest, I look at some of these ads and laugh to myself. People must be crazy to pay what they pay for horses nowerdays, but I guess if youve got it, why not spend it??
Faithkat
Well-Known Member
[ QUOTE ]
A girl on my yard has been selling her green 5 yr old for the last 6 months. The price has gone up from 2k to 5.5k in that time (he hasn't improved at all in the 6 months). He sold last week at the high price, and she's been shopping ever since
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perhaps I should put up the price of my foal then!!!!
A girl on my yard has been selling her green 5 yr old for the last 6 months. The price has gone up from 2k to 5.5k in that time (he hasn't improved at all in the 6 months). He sold last week at the high price, and she's been shopping ever since
[/ QUOTE ]
perhaps I should put up the price of my foal then!!!!
Gingernags
Well-Known Member
Mad isn't it? When a friend was looking, she saw a few green horses, some really sensibly priced at around the 1.5k mark for a 15.2 TB x
But a TB 3 months off the racetrack and needing much more work for £3.5k (And he wasn't that nicely put together) and a 5yo mare for £3k with a suspect back and that had been unworked for a few months and really needed schooling on.
The friend, and I agree, wouldn't spend £3k on a horse that green that needed so much work.
Got another friend now looking for a 2-3 yo arab filly to make 15hh/15.2 for about 1-1.5 k - can't find anything! But why pay more when you know you have the right price?
But I guess the sellers are always going to get what they can, and someone is always daft enough to pay it! I'm just a tight yorkshire woman - can't bring myself to spend more than something is worth!
But a TB 3 months off the racetrack and needing much more work for £3.5k (And he wasn't that nicely put together) and a 5yo mare for £3k with a suspect back and that had been unworked for a few months and really needed schooling on.
The friend, and I agree, wouldn't spend £3k on a horse that green that needed so much work.
Got another friend now looking for a 2-3 yo arab filly to make 15hh/15.2 for about 1-1.5 k - can't find anything! But why pay more when you know you have the right price?
But I guess the sellers are always going to get what they can, and someone is always daft enough to pay it! I'm just a tight yorkshire woman - can't bring myself to spend more than something is worth!
Faithkat
Well-Known Member
[ QUOTE ]
Got another friend now looking for a 2-3 yo arab filly to make 15hh/15.2 for about 1-1.5 k - can't find anything! But why pay more when you know you have the right price?
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I've just been looking on Arabian Lines. She'd get a gelding for that price but not a filly. To be fair though, the stud fee alone for a decent stallion would start at not much less than 1k so to get a 2-3 year old for that or not much more is a bit optimistic, breeders aren't going to sell at a loss. I paid £600 for a yearling gelding over 12 years ago and he was cheap because they'd bred twelve the year he was born but hadn't been able to sell any of them; the market was very depressed because of a lack of hay. Her yearlings normally went for £2k in those days and the fillies were more.
Got another friend now looking for a 2-3 yo arab filly to make 15hh/15.2 for about 1-1.5 k - can't find anything! But why pay more when you know you have the right price?
[/ QUOTE ]
I've just been looking on Arabian Lines. She'd get a gelding for that price but not a filly. To be fair though, the stud fee alone for a decent stallion would start at not much less than 1k so to get a 2-3 year old for that or not much more is a bit optimistic, breeders aren't going to sell at a loss. I paid £600 for a yearling gelding over 12 years ago and he was cheap because they'd bred twelve the year he was born but hadn't been able to sell any of them; the market was very depressed because of a lack of hay. Her yearlings normally went for £2k in those days and the fillies were more.
OWLIE185
Well-Known Member
If you consider the time and overheads that go in to training a horse then one can understand why horses cost so much.
I would estimate that it costs about £150.00 per week to keep your average horse and that when training them of course it is much more.
Prices do fluctuate throughout the year. August and September is a good time to buy as kids going off to University dump their horses on the market so there are loads about.
I would estimate that it costs about £150.00 per week to keep your average horse and that when training them of course it is much more.
Prices do fluctuate throughout the year. August and September is a good time to buy as kids going off to University dump their horses on the market so there are loads about.
ShadowFlame
Well-Known Member
I know - some of the prices are mad!! I knew someone who had a 16.3hh 14yo TBx for sale - she shredded rugs, was VILE with other horses (had to be separated off), looked like a toast rack (despite bucketfuls of feed), bit and kicked, you couldn't do anything with her (I wouldn't have had her if she had payed ME to have her!!!). She was asking £3000 for her, not including any tack or rugs
Surprisingly enough, 6 months later she is still unsold
OrangeEmpire
Well-Known Member
I had to travel 200miles to the further reaches of Anglesey to find my darling new horse. Locally to me I just couldn't afford anything that didn't have an appalling conformation.
Daisychain
Well-Known Member
Very often, find a few horses you like the look of, wait a week or two, then phone tell the seller what your prepared to pay and see what they come up with! You very often find these expensive horses dont always sell that easily, and often end up at malvern sales were you can get them for a much better price. Proven stuff with good competiition record will always sell well mind.
Artois
Well-Known Member
NO no no I believe that horse prices are right - look at houses and car prices.
and the money it costs to keep and produce a good horse
People breed horses to make a living if the money isnt there then people go abroad to buy (and then everyone moans about that)
Everyone wants something well bred with papers blah blah - well the covering costs in the first place.
It drives me nuts a cheap dog costs £500 and look how easily they are produced.
I would expect to pay £6 - £10k for an average quality youngster that hadnt done alot.
If wanted to hack out then i would pay £3k for a bob the cob.
you get what you pay for at the end of the day!!!
and the money it costs to keep and produce a good horse
People breed horses to make a living if the money isnt there then people go abroad to buy (and then everyone moans about that)
Everyone wants something well bred with papers blah blah - well the covering costs in the first place.
It drives me nuts a cheap dog costs £500 and look how easily they are produced.
I would expect to pay £6 - £10k for an average quality youngster that hadnt done alot.
If wanted to hack out then i would pay £3k for a bob the cob.
you get what you pay for at the end of the day!!!
Capriole
Well-Known Member
that phrase you get what you pay for always makes me laugh, you can buy horses cheap or expensive, just because they cost more doesnt make them better. you pay/ask for what the market forces allow
lmholden
Well-Known Member
I think some owner's are delusional about their horses. I know someone who has a windsucking, cribbing, pigeon toed, parrot mouthed nag that she says she sold for £8,000 and is now loaning back from the new owners! They must live on Planet Bonkers with her - as if!