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Record Sale Average at Eastern Summer Sale 2000

Records were set in nearly every statistical category at the Eastern Summer Sale. New auction records were set across the board with the largest increases coming in gross sales, up thirty three percent (33%) and average price. "This was the best Summer Sale we have ever had. It looks like the horse industry boom is still going strong" said Tim Jennings, Vice President of Professional Auction Services, Inc.

The average sale price rose fourteen percent (14%) over the 1999 sale average to $2,640 per horse. The median price rose eight percent (8%) to $2,150 per horse. Both increases were driven by a dramatic jump in the number of horses sold for $5,000 or more which doubled from the 1999 sale. The top end of the market improved with the average price for the top fifty sellers jumping twenty one percent (21%).

Quarter Horses led the way with an increase in average price of twenty three percent (23%) to $2,900. Quarter Horses accounted for the nine of the top ten sellers including the High Selling Horse.

The 2000 Eastern Summer Sale was the first time Professional Auction Services, Inc. has held it’s Summer Quarter Horse and Paint Sale in the Sale Pavilion at the Maryland State Fairgrounds in Timonium, Maryland. The Eastern Summer Sale had been held at the Virginia State Fairgrounds in Richmond until 1999 when it was moved to the North Carolina State Fairgrounds in Raleigh. “Since the horse facility in Richmond has been torn down we have been looking for a home for this sale. The Fairgrounds in Raleigh was available last year because of the Special Olympics but they didn’t have an open date this year.” said Jennings. “The move to Maryland seems to have worked.”

The Eastern Summer Sale was produced 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.

Eastern Summer Sale Increase from 1999
Overall average $2,640 (Increase of 14%)
Total Sold 172 (Increase of 17%)
Gross$454,000 (Increase of 33%)
Top 10 Average $7,360 (Increase of 14%)
Top 25 Average $5,866 (Increase of 19%)
Top 50 Average $4,695 (Increase of 21%)
Median $2,150 (Increase of 8%)

Eastern Summer Sale - Breakdown of Averages

All Horses

				       High    Low     #     Not   #
    All Horses         Average Median  Seller  Seller  Sold  Sold  Out  % sold
    All Horses         $2,640  $2,150  $9,500  $625    172   59    11   74%
    Yearlings          $1,925  $1,600  $6,500  $625    34    11    0    76%
    2 Year Olds        $2,443  $2,000  $9,500  $875    33    9     1    79%
    3 Year Olds        $3,107  $3,000  $8,200  $625    24    6     1    80%
    4 Years +          $2,949  $2,500  $7,800  $900    81    32    9    72%
               
    All Horses     
    All Horses         $2,640  $2,150  $9,500  $625    172   59    11   74%
    All Mares          $2,467  $2,000  $7,800  $625    92    26    5    78%
    Stallions          $2,662  $2,200  $7,000  $875    17    11    1    61%
    Geldings           $2,886  $2,300  $9,500  $875    63    22    5    74%
                                    
    Open Mares         $2,392  $2,000  $7,500  $625    73    23    4    76%
    Bred Mares         $2,751  $2,050  $7,800  $1,000  19    3     1    86%
       
                            
     Horses with Show Record

    All                $3,909  $3,500  $7,800  $1,400  29    15    1    66%
                                    



                                    
Quarter Horses          
               
    All Quarter Horses  $2,900  $2,500  $9,500  $625    116    41    8    74%
    Yearlings           $2,074  $1,600  $6,500  $625    20     9     0    69%
    2 Year Olds         $2,652  $2,550  $9,500  $1,050  23     8     1    74%
    3 Year Olds         $3,552  $1,700  $8,200  $625    16     6     1    73%
    4 Years +           $3,107  $3,400  $7,500  $900    57     18    6    76%
                                    
               
    All Quarter Horses  $2,900  $2,500  $9,500  $625    116    41    8    74%
    All Mares           $2,651  $2,500  $7,500  $625    58     17    4    77%
    Stallions           $2,871  $2,600  $7,000  $875    13     4     0    76%
    Geldings            $3,228  $2,600  $9,500  $900    45     20    4    69%
                                    
                
    All QH Mares        $2,651  $2,500  $7,500  $625    58     17    4   77%
    Yearling Mares      $1,752  $1,600  $3,500  $625    12     5     0   71%
    2 Year Old Mares    $2,200  $3,050  $1,150          9      2     0   82%
    3 Year Old Mares    $3,766  $6,500  $625            8      3     0   73%
    4 Years +           $2,856  $2,500  $7,500  $975    29     7     4   81%
                                    
    OPEN Mares          $2,639  $2,500  $7,500  $625    46     16    3   74%
    BRED Mares          $2,698  $2,550  $5,600  $1,000  12     1     1   92%
                                    
               
    All QH Stallions    $2,871  $2,600  $7,000  $875    13     4     0   76%
    Yearling Stallions  $2,790  $6,500  $1,050          5      1     0   83%
    2 Year Old          $3,075  $4,000  $2,400          4      1     0   80%
    3 Year Old          $875    $875    $875            1      0     0   100%
    4 Years +           $3,400  $7,000  $1,000          3      2     0   60%
                                    
                
    All QH Geldings     $3,228  $2,600  $9,500  $900    45     20    4   69%
    Yearling Geldings   $2,167  $4,000  $1,000          3      3     0   50%
    2 Year Old Geldings $2,890  $2,300  $9,500  $1,050  10     5     1   67%
    3 Year Old Geldings $3,689  $8,200  $1,575          7      3     1   70%
    4 Years +           $4,735  $380    $15,700 $1,750  27     8     1   77%
        

                                    
Quarter Horses          
                
    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 & Older     $3,449  $3,300  $7,600  $1,500  21    4      1   84%
                                    
                
    All Paints          $2,220  $2,100  $7,800  $750    42    15     2   74%
    All Paint Mares     $2,303  $2,000  $7,800  $750    25    7      0   78%
    All Paint Stallions $1,981  $3,000  $1,375          4     7      1   36%
    All Paint Geldings  $2,135  $2,050  $3,800  $875    13    1      1   93%
                                    
                
    Paints with Color   $2,466  $2,050  $7,800  $875    29    15     2   66%
    Breeding Stock      $1,671  $1,450  $2,900  $750    13    0      0   100%
                                    
                
    All Paint Mares     $2,303  $2,000  $7,800  $750    25    7      0   78%
    Yearling Mares      $1,468  $2,000  $750            7     0      0   100%
    2 Year Old Mares    $1,442  $2,000  $925            3     2      0   60%
    3 Year Old Mares    $1,925  $2,400  $1,450          2     0      0   100%
    4 Years +           $3,010  $2,500  $7,800  $1,000  13    5      0   72%
                                    
    Open Paint Mares    $1,982  $1,800  $6,100  $750    21    6      0   78%
    Bred Paint Mares    $3,988  $7,800  $2,000          4     1      0   80%
                                    
                
    All Paint Stallions $1,981  $3,000  $1,375          4     7      1   36%
    Yearling Stallions  $1,775  $2,000  $1,550          2     1      0   67%
    2 Year Old          0       0       0   
    3 Year Old          $3,000  $3,000  $3,000          1     0      0   100%
    4 Years +           $1,375  $1,375  $1,375          1     5      1   17%
                                    
                
    All Paint Geldings  $2,135  $2,050  $3,800  $875    13    1      1   93%
    Yearling Geldings   $1,775  $2,150  $1,400          2     1      0   67%
    2 Year Old Geldings $1,481  $2,050  $875            4     0      0   0%
    3 Year Old Geldings $2,469  $3,800  $1,725          4     0      0   100%
    4 Years +           $2,800  $3,600  $1,900          3     0      1   100%
                                    
    Appaloosas 
    All                 $1,779  $1,500  $3,200  $700    13    2      0   87%
High Selling Horses

High Selling Horse - 
Hip #96 Hes A Passing Amos - $9,500.00

AQHA, 2YO Gelding by Barpassers Image
Seller: Bridlewood
Buyer: Brenda Landis

Hip # 115 Array Investment - $8,200.00
AQHA, 3YO Gelding by Spanish Array
Seller: Trish Miller
Buyer: Dan Short

High Selling Paint & High Selling Mare - 
Hip # 76 Tommys Barbie Doll - $7,800.00

APHA, 5 YO Mare
APHA Youth Superior Halter
Seller: David Ashley
Buyer: Carolyn Pilkington

Hip # 4 Swedish Shadow - $7,500.00
AQHA, 5 YO Gelding by Leaguers Shadow
Western Pleasure & Halter point earner
Seller: Cross Winds Show Stables, Agent
Buyer: Pamela & Michael Clemens

Hip # 82 Zip Of Coffe Mate - $7,500.00
AQHA, 6YO Mare by Coffemates Cowboy
Western Pleasure point earner
Seller: Cathy Jennings
Buyer: Eileen Wilson

High Selling Stallion - 
Hip # 6 Mister Rapt Him Rite - $7,000.00

AQHA, 4YO Stallion by Misters Premonition
Open Halter ROM
Seller: Joel E. Malus
Buyer: Jon R Allen

Hip # 61 Betcha Dee Impressed - $6,800.00
AQHA, 3 YO Gelding by Sonnys Count
Seller: Trish Miller
Buyer: Patricia Carle

High Selling Yearling - Hip # 39 Unnamed - $6,500.00
AQHA, Yearling Stallion by Taris Catalyst
Seller: The Boys & Their Toys, Agent, Frank Constantini
Buyer: H. Victor Gilson

Hip # 94 Invest In The South - $6,500.00
AQHA, 3 YO Mare by Principle Investment
Seller: Hillbrook Quarter Horses
Buyer: Brooke Mace

Hip # 72 Jays Boston Scotch - $6,300.00
AQHA, 7 YO Gelding by Boston Scotch Time
Halter Point Earner
Seller: Hillbrook Quarter Horses
Buyer: Joseph Griscom

Hip # 171 Toullouse Bonanza - $6,100.00
APHA, 5 YO Mare by Srleonards Star
Seller: D&D Stables
Buyer: Ron Morgan


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