1997 was a banner year for Professional Auction Services, Inc. producing records in nearly category. The impressive growth rate was due to a number of factors including the rapid growth in demand for quality show horses and prospects, the increase in number of auctions produced by the firm and a dramatic improvement in the quality of horses offered for sale through the company's auctions.  

 
  Record Gross Sales:                 $7,779,125.00  (27% increase)
  Record High Price:                  $400,000.00    (176% increase)
  Record Average:                     $3,870.21      (10% increase)
  Record Top Ten Average:             $90,800.00     (111% increase)
  Record Top 100 Average:             $24,316.25     (43% increase)
  Record number of horses cataloged:  2,851          (13% increase)
  Record number of Horses Sold:       2,010          (16% increase)
  Record # Sold for $10,000 & over:   103            (14% increase)
  Record # Sold for $5,000  & over:   329            (13% increase)
 

The company's leading sales were:

	                         GROSS            AVERAGE    SELLER
   AQHA World Show Sale          $3,175,825.00    $8,060.47  $73,500.00
   Raleigh Spring Sale           $868,525.00      $6,838.78  $400,000.00
   American Hunter Pony Classic  $298,900.00      $5,153.45  $26,500.00
   Tradition Reining Horse Sale  $214,650.00      $3,902.73  $17,200.00
   Eastern Mid Winter Sale       $843,725.00      $3,045.94  $19,000.00

Comparison to 1996 results:

                        1996            1997           % CHANGE
   # of Horses          2,534           2851           13%
   Gross Sales          $6,134,170.00   $7,779,125.00  27%
   Average              $3,525.39       $3870.21       10%

   Percentage Sold      73%             74%             2%
   # Sold               1,740           2010           16%
   # Not Sold           647             706             9%
   Percentage Out       5.8%            4.7%          -18%
   # Out                147             135            -8%
   High Seller          $145,000.00     $400,000.00   176%
   Low Seller           $300.00         $275.00        -8%
			
   Median Price         $2,400.00       $2,400.00       0%
   Top 10 Average       $43,100.00      $90,800.00    111%
   Top 100 Average      $16,980.00      $24,316.25     43%
			
   # sold for over      $10,000         90      103    14%
   # sold for over      $5,000          292     329    13%
   # sold for less than $1,000          201     213     6%

Contact Professional Auction Services today to find out how you, too, can take full advantage of this phenomenal marketing opportunity.