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 The Worst Seller Ever
Posts: 4138
  
Location: Oklahoma | In your opinion, what would be the difference in price on comparable horses? One with papers and one without?
***For arguments sake, let's say there is verifiable proof of age and breeding on the grade one, just no papers and the horse is a gelding.
Edited by clover girl 2018-05-30 8:49 AM
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 Too Skinny
Posts: 8009
 
Location: LA Lower Alabama | Personally for a gelding there would be no difference |
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 Expert
Posts: 5293
| There have been a few NFR grade horses. I can't imagine one being for sale of that caliber and someone saying, I know your asking 100K for this horse but I will offer 80K since he is grade. PAY for the horse your GETTING. LOL  |
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 Cute Little Imp
Posts: 2747
Location: N Texas | Young horses and prospects, huge price difference.
The older and more proven the horse, the less difference there should be, especially geldings.
Registered mares will always be worth more, all things being equal (age, training, conformation, etc). |
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 Elite Veteran
Posts: 754
Location: Arkansas | IMO it depends on the level of the horse. I wouldn't pay near as much for a grade prospect as I would a papered prospect, but for a winning 1D/rodeo horse, I wouldn't expect to pay any less. |
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 Off the Wall Wacky
Posts: 2981
Location: Louisiana | Just my opinion...but let's say you have 2 identical horses, one grade, one registered - but identical in every other way.
In my opinion the grade horse will be less from the start.
As they grow up, mature, you add training, etc - the gap will close bit by bit.
Once they're older, finished, and seasoned, there should really be no price gap on geldings. I can understand a small gap on mares, but no more than the value of the papered horse as a broodmare only-so depending on the "quality" of her papers, could be a very small or very large gap.
We recently sold a grade gelding, and that wasn't a determining factor in our asking price, and any prospective buyers were only concerned with having their vet age him to make sure we were close. |
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Location: Not Where I Want to Be | If a gelding is good enough,,,,,,,,papers will find him |
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 Expert
Posts: 1395
Location: Missouri | Gunner11 - 2018-05-30 10:18 AM
Young horses and prospects, huge price difference.
The older and more proven the horse, the less difference there should be, especially geldings.
Registered mares will always be worth more, all things being equal (age, training, conformation, etc).
This! |
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 Expert
Posts: 2128
| In cases of geldings especially, if they are proven winners you should pay what a winner is worth regardless of papers. As long as there is no worry as to the sellers honesty on the age of the horse or ownership. |
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Veteran
Posts: 276
| As others have said, the more proven they are, and higher caliber, the less difference. But I think another thing to keep in consideration is there is still such a lower amount of people in the market for a grade horse, it may take you considerably longer to find that right buyer. |
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 A Somebody to Everybody
Posts: 41354
Location: Under The Big Sky Of Texas | For a older proving gelding or mare thats holds their own in the arena or wins alot I dont see much difference on price. I have seen alot of paper horses that just dont cut it and seen alot of grade's kick butt and beat alot of the good papered horses. But for a mare papers are pretty important cause someone is always going to want to breed her later down the road even if shes a dink but shes a mare so got to breed her, lol. |
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| Kid horses are usually grade and decent horses because some country kid
spent a lot of hours riding the tar out of it ..
Grade 25% the price of a registered horse of same caliber ..
SALEABILITY …
10% of adult buyers might be interested in buying a grade horse
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Elite Veteran
Posts: 747
| I don't think there should be a price difference between gelding or papers if they are proven and winning/show promise. A gelding is a gelding and you, in my opinion, don't really need papers for one. Mares on the other hand in my eyes are going to be papered if I buy one. If something happened to them down the road and I decided to breed her, I would need the papers to get her into most reputable studs books. A papered mare, to me, is insurance of being able to have a Plan B if she isn't able to be ridden/ran anymore so of course I'm going to be willing to pay more for a papered more than grade. |
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The Worst Seller Ever
Posts: 4138
Location: Oklahoma | I have seen many kick-butt grade horses around here go for a lot cheaper than they should. I know there is a difference, but was trying to put a number on it to help explain to a few that papers do matter for resale.
I know back in the day papers were not a huge deal on geldings and many didn't want to waste the time/effort to get them. Heck I didn't get my first papered horse until 2003. |
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Expert
Posts: 2685
| what about when said grade horse is finished/ proven but getting up there in years? Like for example when a papered mare that has proven herself gets older and is time to retire, you can generally breed her, but with a grade you have a pasture pet when its time to retire. |
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Veteran
Posts: 141
| RoaniePonie11 - 2018-06-01 7:56 AM
what about when said grade horse is finished/ proven but getting up there in years? Like for example when a papered mare that has proven herself gets older and is time to retire, you can generally breed her, but with a grade you have a pasture pet when its time to retire.
I would breed a winner, papers or not. |
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Expert
Posts: 2685
| joemama - 2018-06-01 6:21 PM
RoaniePonie11 - 2018-06-01 7:56 AM
what about when said grade horse is finished/ proven but getting up there in years? Like for example when a papered mare that has proven herself gets older and is time to retire, you can generally breed her, but with a grade you have a pasture pet when its time to retire.
I would breed a winner, papers or not.
You won’t be able to sell it. |
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Veteran
Posts: 141
| RoaniePonie11 - 2018-06-01 6:38 PM
joemama - 2018-06-01 6:21 PM
RoaniePonie11 - 2018-06-01 7:56 AM
what about when said grade horse is finished/ proven but getting up there in years? Like for example when a papered mare that has proven herself gets older and is time to retire, you can generally breed her, but with a grade you have a pasture pet when its time to retire.
I would breed a winner, papers or not.
You won’t be able to sell it.
Breed to win, not sell.... |
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Veteran
Posts: 141
| clover girl - 2018-06-01 7:41 AM
I have seen many kick-butt grade horses around here go for a lot cheaper than they should.  I know there is a difference, but was trying to put a number on it to help explain to a few that papers do matter for resale.Â
I know back in the day papers were not a huge deal on geldings and many didn't want to waste the time/effort to get them. Heck I didn't get my first papered horse until 2003.  Â
Why are papers a huge deal now?
Because people are pushing an agenda and (trying) making a living off of breeding only, its a lot easier than having the talent to train and ride...
Flame away!  |
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