Saturday, July 18, Seth Paulson Arabians held their herd dispersal auction at the farm in Valley, Nebraska. A total of 32 horses consisting of 8 stallions, 17 mares, 6 geldings and 1 2009 colt were being offered for sale. At least that seemed the intention. The reality was quite different.
At the beginning of the sale, the seller (who also acted as auctioneer) started the bidding by asking for a $1,000 bid minimum. Horse after horse was brought through the ring with most not reaching the reserved price. Towards the end, he was starting the bidding at $100. Even so, there were horses that couldn’t even get a bid on them. Out of the 32, only 8 were sold for a total of $6,750. The highest seller was a 2009 bay colt by *Besson Carol that brought $3,500. The average sale price was $844.
For whatever reason, many people weren’t bidding on the horses. None of the stallions sold, with most not even getting a starting bid. The quality was there, but maybe people were looking for a bargain and not finding any. With only 1 colt and 7 mares selling, it wasn’t much of a dispersal sale. Technorati Tags: Arabian, horse, stallion, mare, gelding, colt