SOME TIPS ON SELLING HORSES AT AUCTION
Would you like to know how to sell a horse at auction? If your answer is yes, you probably know that horse auctions are a practice in rapid growth. Currently people are trying to find new sales channels through which these majestic animals can be sold. The advent of the Internet, and in particular of e-commerce and online auctions, is helping this growth.
There are a lot of opportunities on which you, horse lovers, shouldn’t miss out. With our help, you will be able to take advantage of the many opportunities that are presented to you every day, as regards both selling and buying. With this in mind, let’s dive into some advice you should follow if you want to sell a horse at auction.
SELLING A HORSE AT AUCTION: TAKE A LOOK AT THE MARKET
Before providing you with some specific tips, we’d first like you to look at some figures. In just the first six months of 2018 about 50 auctions took place in Italy, and more than 1500 people took part in them. The sale of these horses amounted to more than €32,5 million euros. That’s quite an interesting figure, isn’t it? Every horse breeder or seller can easily approach these new potential buyers, bearing in mind the current prices and the potential of the horse they would like to sell.
FIRST STEPS IN SELLING A HORSE AT AUCTION
If you want to sell a horse, you first need to find the category where you could place it. There are in fact specific auctions for show jumping horses, dressage horses, stallions, foals, etc. Choosing the right category is essential to make more money through your sale. Just think that recently, in Italy, a show jumping horse has been sold for the impressive sum of €550.000.
You also need to know that the highest prices are found in the show jumping category: in the last years, in Italy, the lowest sale price was €29.000. Nevertheless, you need to keep in mind that the competition is tough. For this reason, it can be difficult to make more than €200.000 out of a sale.
MORE THINGS TO KNOW
In order to sell a horse, you also need to know that the price varies considerably depending on the age: there is a big difference between horses that are sold before and after reaching three years of age. If you are the proud possessor of a great stallion, you have found a treasure: the bidders will go into a fierce competition with each other in order to grab the best thoroughbred! If you own a horse between one and two years of age, your earning could even be around €15.000.
You, therefore, need to choose the most suitable category and analyse the prices of the horses that have already been sold. Then, you need to choose the auction, it could also be an online auction, that you want to participate in and take a careful look at the auction’s rules. In this way you will be able to sell your horse at auction quickly and without problems.
FROM BIRTH TO SALE
You should obviously remember to raise your horse well. The best thing to do is to follow it since birth with the help of our foaling alarm system. Find out more about it now and start taking advantage of its features!