2000 Eastern Spring Sale Results


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Sale Average Increases at 29th Eastern Spring Sale

Records were set in nearly every statistical category at the 29th Annual Eastern Spring Sale. New auction records were set across the board just one day after serious trouble in the Stock Markets that saw the Dow Jones Index suffer it's worst single day point loss and the NASDAQ finished a week long 25% free fall. "We expected the numbers to be off somewhat due to the problems in the financial markets on Friday" said Tim Jennings Vice President of Professional Auction Services, Inc. "It didn't seem to bother these horse people at all."

The average sale price rose nine percent (9%) over the 1999 sale average to $3,127 per horse. The median price rose sixteen percent (16%) to $2,900 per horse. Both increases were driven by a dramatic jump in the number of horses sold for $5,000 or more which rose twenty eight percent (28%).

Quarter Horses led the way with an increase in average price of eleven percent (11%) to $3,417. The median price for Quarter Horses was up twenty six percent (26%) to $3,150. Quarter Horses accounted for the High Selling Horse and High Selling Mare.

The average price for Paints increased by sixteen percent (16%) to their highest levels since 1995 at $2,712 and is up forty five percent from it's 1998 low. The average price for the Top Twenty Five selling Paints rose by an impressive thirty two percent (32%). "The Paint market continues to make solid gains in spite of increased number of Paints being registered every year ." said Jennings. "The APHA (American Point Horse Association) has done a great marketing job to increase the breed's exposure."

The average price for Appaloosas jumped fourteen percent (14%) while the number of Appaloosas offered exploded by 175%. "We are pleased with the growth in our Appaloosa market. We have increased our promotion into the App community and they have responded." stated Jennings. "It looks a lot like our Paint Market did eleven years ago."

Most of the horses offered for sale found new owners with 80% of the horses offered actually selling. Buyers came from fifteen states. "This was the strongest Spring Sale we have ever had. It looks like the horse industry boom is still gong strong" said Jennings.

The 2000 Eastern Spring Sale was the 29th Spring sale for Quarter Horses & Paints held in the Sale Pavilion at the Maryland State Fairgrounds in Timonium, Maryland. The past twenty two sales have been managed by Professional Auction Services, Inc. of Leesburg, Virginia. Professional Auction Services, Inc. was founded in 1978 by Mike Jennings and Tim Jennings and has managed over 160 Horse Auctions with sales of nearly $70,000,000.00. Auctioneers for the Sale were Mike Jennings and Tim Jennings of Professional Auction Services, Inc.

For complete results and further information contact Professional Auction Services, Inc. at (800) 240-7900.

Results
    Increase over 1999 Sale
 
    All Horses
       	Average Price (horses actually sold): 	$3,127  (Increase of 9%)
       	Median Price: 				$2,900  (Increase of 16%)
       	Total Number of Horses Cataloged: 	202 	(Increase of 8%)
       	Number of Horses Sold:    		156    	(Increase of 7%)
       	Number No Sales:  			40
       	Number of Horses Out: 			6
       	Percentage of Horses Sold:    		80%
       	Top Five Average Price:   		$10,550 (Increase of 8%)
       	Top Ten Average Price:    		$8,735 	(Increase of 9%)         
	Top Twenty Five Average Price:   	$6,656  (Increase of 9%)      
	Top Fifty Average Price:    		$5,355 	(Increase of 12%)
       	# of Horses sold for $5,000 & above:  	23   	(Increase of 28%)





Quarter Horses
      Quarter Horses Average Sale Price:    	$3,417 (Increase of 11%)
      Quarter Horses Median Price:  		$3,150 (Increase of 26%)
      Total Number of Quarter Horses Cataloged: 202    (Increase of 8%)
      Number Sold:  				105
      Number No Sales:  			25
      Number Out:   				5
      Percentage Sold:  			81%
      High Selling Quarter Horse:   		$15,700 (Increase of 64%)
      Quarter Horses Top Five Average Price:    $10,550 (Increase of 24%)
      Quarter Horses Top Ten Average Price: 	$8,218  (Increase of 4%)
      Quarter Horses Top Twenty Five Average:   $6,370  (Increase of 4%)
      Quarter Horses Top Fifty Average Price:   $5,076  (Increase of 8%)
High Selling Quarter Horses

High Selling Horse -
Hip # 44: Cruisin Acquisition
(AQHA)
1995 Sorrel Gelding
$15,700.00
Point Earner, Snaffle Bit Futurity Winner
Seller: William B. Wharton, Hillbrook Quarter Horses
Buyer: Ceclia M. Hylton

Hip # 183: One Penny Investment (AQHA)
1993 Chestnut Gelding
$10,000.00
Novice Amateur Point Earner
Seller: Marcia B. Stedman
Buyer: Jessica Renee Walls

Hip # 110: Review This Step (AQHA / PHBA)
1993 Palomino Gelding
$9,950.00
PHBA Reserve World Champion Jr Hunter Under Saddle.
Seller: Carrie O'Byrne, Agent
Buyer: G.C. Zader

High Selling Mare -
Hip # 41: Shesa Zipps Leaguer
(AQHA)
1993 Chestnut Mare
$9,000.00
Western Horsemanship & Western Pleasure point earner
Bred to Invester Cluso
Seller: Carlo Farms
Buyer: Daniel & Jennifer D'Arco

Hip # 144: Quincys Bold Outlaw (AQHA)
1995 Bay Gelding
$8,100.00
Seller: William Burgess, Jr., Agent
Buyer: Brook Edge Farms

Hip # 70 Aladyte (AQHA)
1997 Sorrel Mare
$7,500.00
Open Halter ROM
Seller: Roy Garofalo, Agent
Buyer: James Radwanski


Paint Results
    Increase over 1999 Sale
 
       Paint Horses Average Sale Price:  	$2,712 	(Increase of 16%)
       Paint Horses Median Price:   		$2,300 	(Increase of 10%)
       Total Number of Paint Horses Cataloged:  56    	(Increase of 12%)
       Number Sold:  				45   	(Increase of 18%)
       Number No Sales:  			10
       Number Out:   				1
       Percentage Sold:  			82%
       High Selling Paint Horse: 		$7,600 	(Increase of 62%)
       Paint Horses Top Five Average Price:  	$5,820 	(Increase of 41%)
       Paint Horses Top Ten Average Price:   	$4,860 	(Increase of 32%)
       Paint Horses Top Twenty Five Average: 	$3,718 	(Increase of 32%)
High Selling Paints

High Selling Stallion -
Hip # 13 Ques Custom Chrome
(APHA)
1995 Sorrel / Overo Stallion
$7,600.00
Open & Amateur Superior Halter
Seller: Arthur J. Ward / Terry L. Holbrook
Buyer: Michael Frick

Hip # 12: LBR Rowdy Whisper (APHA)
1993 Sorrel / Tobiano Gelding
$6,500.00
ROM in Hunter Under Saddle
Seller: Jimmy Johnson, Agent
Buyer: Ronald R. Purdum

Hip # 154: Beater Doc (APHA)
1997 Sorrel / Overo Gelding
$5,900.00
Seller: Holly L. Patton
Buyer: Ryan Dalgarno


 

Breakdown of Average Prices

All Horses

          			High    Low       	#Not     
       		Average Median  Seller 	Seller  # Sold  Sold  	# Out   % sold
    All Horses 	$3,127  $2,900  $15,700 $525  	156  	40   	6 	80%
    Weanlings                    
    Yearlings  	$1,789  $1,425  $4,500 	$525    28 	8   	0 	78%
    2 Year Olds $2,443 	$2,050  $6,000  $775  	36   	7 	1   	84%
    3 Year Olds $3,545 	$3,000  $7,500  $1,200  23 	8   	1 	74%
    4 Years +   $3,887 	$3,500  $15,700 $1,025  69    	17 	4   	80%

          			High    Low       	#Not     
    All Horses Average Median  	Seller  Seller  # Sold 	Sold    # Out  	% sold
    All Horses $3,127  $2,900   $15,700 $525  	156  	40   	6 	80%
    All Mares  $3,007  $2,750   $9,000 	$252    72 	20  	2    	78%
    Stallions  $2,324  $1,675   $7,600 	$700    20 	6   	1 	77%
    Geldings   $3,512  $3,000 	$15,700 $650    64 	14  	3    	82%
    Open Mares $2,978  $2,500   $7,500  $525   	66    	15 	2   	81%
    Bred Mares $3,321  $2,850   $9,000  $1,025 	6   	5 	0   	55%

Horses with Show Record
                    				    Low			#Not
       			   Average   Median Seller  Seller  # Sold   	Sold  	# Out   % sold
    All with Show Record   $4,139    $3,500 $15,700 $650    38 		11  	2    	78%    

Quarter Horses                    
          			High    Low       	#Not     
       		Average Median  Seller 	Seller  # Sold  Sold  	# Out   % sold
    All QH 	$3,417  $3,150  $15,700 $525  	105  	25   	5 	81%
    Yearlings  	$1,944  $1,425  $4,500 	$525    16 	3   	0 	84%
    2 Year Olds $2,619 	$2,500  $6,000  $775  	25   	5 	1   	83%
    3 Year Olds $3,829 	$4,000  $7,500  $1,225  18 	5   	1 	78%
    4 Years +   $4,201 	$3,700  $15,700 $1,300  46    	12 	3   	79%

                        
          			High    Low       	#Not     
     		Average Median  Seller  Seller	# Sold 	Sold    # Out  	% sold
    All QH 	$3,417  $3,150  $15,700 $525  	105  	25   	5 	81%
    All Mares  	$3,216  $3,150  $9,000 	$525    48 	10  	2    	83%
    Stallions  	$2,427  $2,500  $4,500 	$800    11 	4   	1 	73%
    Geldings   	$3,863  $3,350 	$15,700 $775    46 	11  	2    	81%
                        
          				High    Low       	#Not     
    QH Mares   		Average Median 	Seller  Seller  # Sold  Sold   	# Out 	% sold
    All QH Mares   	$3,216  $3,150 $9,000  	$525 	48  	10   	2 	83%
    Yearling Mares 	$1,500  $1,200 $2,500   $525   	5 	0   	0 	100%
    2 Yr Old Mares   	$3,022  $3,150 $6,000  	$1,225  15    	3  	0    	83%
    3 Yr Old Mares   	$3,863  $4,000 $7,500  	$1,225  10    	3  	1    	77%
    4 Years +  		$3,494 	$3,550 $9,000 	$1,300  18   	2 	1   	90%
    Open Mares 		$3,132  $3,150 $7,500   $525   	46    	7  	2    	87%
    Bred Mares 		$5,150         $9,000 	$1,300  2 	3   	0 	40%
                        
          					High    Low       	#Not     
    Quarter Horse Stallions	Average	Median 	Seller  Seller  # Sold  Sold   	# Out 	% sold
    All QH Stallions   		$2,427  $2,500 	$4,500  $800 	11  	4    	1  	73%
    Yearling Stallions 		$2,444  $2,350 	$4,500  $800   	8 	3   	0 	73%
    2 Year Old Stallions   	$3,150  	$3,150 	$3,150 	1   	1 	0   	50%
    3 Year Old Stallions   	$1,500  	$1,500 	$1,500 	1   	0 	0   	100%
    4 Years +  			$2,500  	$2,500 	$2,500  1  	0    	1  	100%
                        
          				High    Low       	#Not     
    QH Geldings 	Average Median  Seller  Seller	# Sold 	Sold    # Out  	% sold
    All QH Geldings    	$3,863 $3,350  	$15,700 $775 	46  	11   	2 	81%
    Yearling Geldings  	$1,350 $1,325  	$1,750 	$975    3  	0    	0  	100%
    2 Year Old Geldings $1,889 $2,050  	$4,000  $775  	9    	1  	1    	90%
    3 Year Old Geldings $4,114 $4,550  	$5,700  $2,150  7  	2    	0  	78%
    4 Years + Geldings  $4,735 $380   	$15,700 $1,750  27 	8   	1 	77%
    


Paints                    
          			High    Low       	#Not     
    Paints 	Average Median  Seller  Seller	# Sold 	Sold    # Out  	% sold
    All Paints 	$2,712  $2,100  $7,600  $700   	45    	10 	1   	82%
    Yearlings  	$1,735  $1,800  $3,750 	$700    10 	4   	0 	71%
    2 Year Olds $2,043 	$1,875  $4,000  $925  	11   	1 	0   	92%
    3 Year Olds $3,267 	$1,925  $5,900  $1,925  3  	1    	0  	75%
    4 Years +   $3,449 	$3,300  $7,600  $1,500  21 	4   	1 	84%
                        
          				High    Low       	#Not     
    Paints 		Average Median  Seller  Seller	# Sold 	Sold    # Out  	% sold
    All Paints 		$2,712  $2,100  $7,600  $700   	45    	10 	1   	82%
    All Paint Mares    	$2,767 	$2,750  $5,100  $925  	23   	6 	0   	79%
    All Paint Stal.    	$2,347 	$1,500  $7,600  $700  	8    	2  	0    	80%
    All Paint Geldings 	$2,830  $2,850  $6,500  $750   	14    	2  	1    	88%
                        
          				High    Low       	#Not     
    Paints 		Average Median  Seller  Seller	# Sold 	Sold    # Out  	% sold
    Paints with Color  	$2,838  $2,800  $7,600 	$700    38 	8   	1 	83%
    Breed. Stock Paints $2,032  $1,925  $3,550 	$750    7  	2    	0  	78%

          				High    Low       	#Not     
    Paint Mares    	Average	Median 	Seller  Seller  # Sold  Sold   	# Out 	% sold
    All Paint Mares    	$2,767 	$2,750 	$5,100  $925  	23   	6 	0   	79%
    Yearling Mares 	$2,408  $2,300 	$3,000  $1,925 	3   	2 	0   	60%
    2 Year Old Mares   	$2,017  $1,950 	$3,550  $925 	6   	1 	0   	86%
    3 Year Old Mares   	$1,925  	$1,925 	$1,925 	1   	0 	0   	100%
    4 Years + Mares  	$3,262  $3,500 	$5,100 	$1,500  13   	3 	0   	81%
    Open Paint Mares   	$2,753  $2,750 	$5,100  $925 	20  	6    	0  	77%
    Bred Paint Mares   	$2,867  $2,850 	$3,550  $2,200  3 	0   	0 	100%
                        
          				High    Low       	# Not     
    Paint Stallions    	Average	Median 	Seller  Seller	# Sold  Sold   	# Out 	% sold
    All Paint Stal.	$2,347 	$1,500  $7,600  $700  	8    	2  	0    	80%
    Yearling Stal. 	$1,700  $1,500  $3,750  $700   	5 	1   	0 	83%
    2 Year Old Stal.   	$1,000  	$1,000  $1,000 	1   	0 	0   	100%
    3 Year Old Stal.             			0 	0   	0 	*Error*
    4 Years + Stallions $4,638  	$7,600  $1,675  3  	1    	0  	75%
                        
          				High    Low       	#Not     
    Paint Geldings 	Average Median  Seller  Seller  # Sold 	Sold    # Out  	% sold
    All Paint Geldings 	$2,830  $2,850  $6,500  $750   	14    	2  	1    	88%
    Yearling Geldings  	$813    	$875   	$750  	2    	1  	0    	67%
    2 Year Old Geldings              			0  	0    	0  	0%
    3 Year Old Geldings $5,900     	$5,900 	$1,975  2    	1  	0    	67%
    4 Years + Geldings  $3,458  $3,300 	$6,500  $1,750  6 	0   	1 	100%
    


Appaloosas
                    	High	Low		#Not
    Appaloosas Average Median  	Seller  Seller  # Sold 	Sold    # Out  	% sold
    All    	$1,579 $1,200  	$3,400  $650  	7    	4  	0    	64%




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Copyright 1998, 1999, 2000
This document was created by Meredith Hilt merymouse@cadcol.com.
Last Modified 05/02/00.
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