Using my Guy Bynum lower end auction price index with the last sale on August 13, I see that lower end horse prices are down. Now I have never attended one of these auctions but I do look at them online and this one sells maybe a hundred plus horses per month. And all of them do not look to be lame or unrideable. Prices are not as low as a “killpen” but very few of these horses sold for over 10k. Maybe 5 or 6 out of several hundred. If it was gaited probably under 3k. Most are quarter horse types and only a few palominos, buckskins, or blue roan types sold for over a couple thousand dollars. If the horse was over ten years old probably less than two thousand. So at least in Alabama it is pretty easy to buy a western type horse with pretty basic training for under ten thousand dollars. Most of these horses had QH papers so the age was verifiable.
Now I would NEVER buy from this auction without actually looking at the horse in person despite most of the better sellers have photos and some have video. And because I am pretty anal about exposing my horses to infectious disease I would want to be able to quarantine the horse .
Prices were higher in February but seem to be trending down. We have been having drought conditions and hay prices are up so I guess people are getting antsy about feeding them over winter. I do not see this price decrease reflected in CL prices. But those CL horses are still for sale. And that is the end of my Alabama Lower End Price Report for the Month of August.