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 Coyote Country Queen
Posts: 5666
   
| I've been seeing a lot of people advertising horses OTT or with popular race lines as barrel horses (I'm talking prospects or started on the pattern), and they are asking a fairly high price and basing it on the sire's stud fee. A lot of the horses that I'm seeing advertised are not by stallions that are proven producers in the barrel pen. Honestly just wondering if their value is truly as high as they are being priced? I love the running lines, but I don't think that I can pay the higher stud fees that a lot of these stallions stand for and expect to get my money back by marketing as a barrel prospect. For example, a stallion with a $2,500 stud fee (which in my opinion is towards the lower end of the well-known race stallions that are standing right now). The foal by him sells at a race sale for $7,500 as a yearling, but can you price that same foal as a barrel prospect for that price and expect to sell it? Would being broke and marketed as a barrel prospect increase the value to $9,000-$10,000 (I'm estimating what it would cost to get that yearling to being broke and ready to pattern or lightly patterned, including feed, vet, farrier, etc.)?
Just something I've been wondering about, so I'd love to hear other's opinions. | |
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  That's White "Man" to You
Posts: 5515
| Remember if you are buying prospects, you can get claimers by those same studs for $3,500 most any day of the week. To me, it all depends on how much training they have had since coming off the track. | |
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Coyote Country Queen
Posts: 5666
| Those are both points that I've been pondering. Some of them that I've seen advertised are basically right off the track or had some race training but no outs. Others appear to have had more training since coming off the track. And still there are others that never had any kind of training.
I guess I'm seeing people putting more value on the papers (and believe me I'm a paper snob so they are important to me!) and who their sire is, instead of their potential as a barrel horse. My thoughts are that just because the sire stands for a high fee and his offspring bring a good price at yearling sales, doesn't mean that that kind of value can be carried over to the barrel world.
I'm not sure if I'm explaining my thoughts very clearly! Basically, it seems like people are trying to price these running breds like they would be priced at a yearling race sale rather than as their value as a barrel horse. | |
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That's White "Man" to You
Posts: 5515
| I've seen some like what you are talking about. I think that breeding has become more popular so everybody wants their own broodmare, thus the value on some of them. But, as far as the rest of them go, I've seen some for sale for those prices, and they still continue to be listed today. People will only pay what a horse is worth. If they aren't selling they are priced to high. But then some people aren't really that interested in selling. | |
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Coyote Country Queen
Posts: 5666
| I agree with you! I was starting to wonder if I was out of touch with the industry because I just didn't understand the value people were putting on some of these horses. Thanks for sharing your opinions! | |
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Who Wants to Trade?
Posts: 4692
| Some depends on the owner and some depends on the horse.
A 3500 claimer can have more issues than you ever even imagined, so claiming one will work sometimes and backfire others.
Often, as race meets end or as yearlings come in, people need to clear older horses who aren't barn burners out (80s and under, maybe a winner, but not "IT"). Depending on their situation, sometimes these are cheap and sometimes they aren't.
We have one client who has horses for sale, but he doesn't really care if they sell, so they stay in training until someone buys them.
We have others who say "get it gone, I don't care"!
I've purchased race bred horses for myself and for clients, some have been starters, some haven't been. For resale, clean legs go a long way. If you're willing to gamble some, you can find some diamonds.
I will also say. I mostly sell my personal horses as yearlings destined for the track. A couple of years ago I bought a colt back (Royal Shake Em son). I had a lady call and say she'd give him a good home....uhhh, he is looking for a new owner too, not just a new home, thanks though. I sold him before we got home for full asking price as a race horse.
My point is, as a breeder I have to price my babies at their value...so my Eyesa Special colt may be priced higher than what a barrel racer will pay, but a race track buyer will think he is priced right. On the same token, a race horse person would think my Chasin baby is priced high but it will make more sense to a barrel racer. | |
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Coyote Country Queen
Posts: 5666
| Yes Kuhlmann, I agree with your points as well. I love to hear all of these viewpoints, opinions, and theories. Thanks!
My favorite thing that you said is "My point is, as a breeder I have to price my babies at their value..."
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