Seller’s market?

[BigMama1]

I know two people who have been looking for a CDI quality prospect, 6-9 years old, with a low 6 figure budget and neither has been able to find what they want in the US without doubling their budget. Crazy! And shopping in Europe is not an option right now.

I’m not sure sure how the market is here in Canada - I know a lot of the $50k plus horses usually get sold to the US, and obviously American buyers can’t travel here to try horses right now. Maybe more of them are being sold to Canadian buyers this year? Or maybe fewer of them are being sold. I’d be interested to hear if anyone has insight.

[fordtraktor]

@xQHDQ

How does geographic area play into this? I can’t find anything within driving distance of NJ. With COVID, are people willing to fly? Do they buy without trying? I can see high-end horses moving b/c those people may be more comfortable buying off a video.

Someone is flying out to try one of my horses next week. I think people are flying, just being careful. My advice is to fly Delta and not United, United has full planes and Delta is spacing better.

[equinelibrium]

@fordtraktor

Someone is flying out to try one of my horses next week. I think people are flying, just being careful. My advice is to fly Delta and not United, United has full planes and Delta is spacing better.

Ah shoot, just booked a flight with United. Didn’t even occur to me that it was a bad sign I could select a middle seat

[joiedevie99]

@BigMama1

I know two people who have been looking for a CDI quality prospect, 6-9 years old, with a low 6 figure budget and neither has been able to find what they want in the US without doubling their budget. Crazy! And shopping in Europe is not an option right now.

I shopped in Europe in February and came home empty on a similar search. I know of one other at the place I bought mine if you want to pm me. Not entirely sure where they are on price at this point though.

[soloudinhere]

@BigMama1

I know two people who have been looking for a CDI quality prospect, 6-9 years old, with a low 6 figure budget and neither has been able to find what they want in the US without doubling their budget. Crazy! And shopping in Europe is not an option right now.

I’m not sure sure how the market is here in Canada - I know a lot of the $50k plus horses usually get sold to the US, and obviously American buyers can’t travel here to try horses right now. Maybe more of them are being sold to Canadian buyers this year? Or maybe fewer of them are being sold. I’d be interested to hear if anyone has insight.

Well the one I looked at is 5, and I would say he is very CDI quality, but I assume at that age range l you are looking for more training/already showing 3rd+ in which case no, low 6s might not be enough.

[four2farm]

I just started looking for a unicorn kind of fellow, high 4 figures. Want been there done that, 16+, hands 14 or older, age related maintenance is fine, Ppe done to know what I am dealing with, as long as all the bones are there and in mostly one piece, I can deal with arthritis and wear and tear. Hey, we can creak along together.

What I want is training, have all the buttons, show ring burn out is fine, but all the options in his brain. Western training a huge plus, an all around , whatever fellow.

Last year I could have the pick of the litter. This year, no luck! It is a sellers market for sure. I will hold off until February and everyone is sick of the mud but tax returns and spring are still to far away.

[Pico_Banana]

As a buyer with a low-ish five figure budget, it definitely seems like a seller’s market to me. Seems like everything that checks my boxes is at least 35k or more. Or in Canada and I refuse to buy without trying.

[PSGdressage]

I have a few contacts looking for CDI quality young horses…but, “low end” CDI quality if that makes sense. Not the horse going to the Olympics, not the horse Helgtrand is buying…just a nice young horse with nice gaits and a good mind. And wow…are the prices insane! Forget FL and Wellington…to be expected. These people are all shopping in Europe for 4/5 year olds and can’t find anything for less than 75k that meet their criteria. So add on another 10k plus for import… Just seems a little high at the moment for the horse with very little training.

Also…as much as I know people wanting to buy US bred…they can’t afford it! Some of the barns that perhaps had horses at Lamplight have priced their nice horses higher than Europe. I totally understand a coming 7 year old about to step into FEI…that is prime real estate. But 4?

[Roni4444]

I am in the market and find the same thing - not a lot to choose from and anything with a bit of quality is priced too high. A 6 yo without a whole lot of training for $250k?! And buying of a video from Europe is such a risk having experience how nice the riders there can make horses look…

[Lucassb]

I just bought a new horse - a schoolmaster - a couple weeks ago. I was only casually in the market and this horse sort of fell into my lap; a friend who had taught a clinic saw him and sent me a note; I went to see him (driving distance) a few days later, rode him and fell in love. The owner trailered him to my farm for the PPE the following weekend, he passed and that was that.

[Willesdon]

2008 we had a financial crash and people did not breed for two or three years. Numbers gradually picked up as confidence returned. Now in 2020, with Covid19, some sections of society have done well and find they have both disposable income and time to indulge in horses. The animals just aren’t there so prices have increased.

[Equibrit]

Check out BD classifieds; https://classifieds.britishdressage.co.uk/classifieds/category/horses

[LadyNeon01]

I bought a new horse in late June. He was up in NJ and I didn’t feel comfortable traveling to try him out again. I did try him out last Thanksgiving and loved him, but I wasn’t quite ready to pull the trigger on buying him. He ended up selling before I got my act together. Lo and behold, I see him up for sale again on FB a week after Memorial Day. I swear it was the universe telling me that he should be mine! I paid more than I’ve ever paid for a horse (low-mid 5 figures), which was more than Mr. Neon thought I should. But Mr. Neon knew I was going to buy him anyway. He arrived on July 3rd and I am completely in love with him!

[ToughShet]

Ugh, I’m suddenly realizing that my budget ($10K max) means I’ll never be able to afford a proper dressage horse. Looks like it’s time to adjust my goals. That’s riding, I guess!

[TKR]

Buying from a breeder instead of a “flipper” or agent and paying the mark-ups will save some money if you are willing to accept less training.

[ToughShet]

In my price range, I feel like “comes with less training” (as opposed to no training) would be a significant bonus

[fordtraktor]

@ToughShet

Ugh, I’m suddenly realizing that my budget ($10K max) means I’ll never be able to afford a proper dressage horse. Looks like it’s time to adjust my goals. That’s riding, I guess!

Not the case – you can still get a really nice weanling for $10k. Or a fresh OTTB with a lot of promise. both will take a lot of time, but it’s possible.

[MsM]

Actually, I feel the cost of showing is much more limiting to competitive goals than the cost of the horse.

[soloudinhere]

@ToughShet

Ugh, I’m suddenly realizing that my budget ($10K max) means I’ll never be able to afford a proper dressage horse. Looks like it’s time to adjust my goals. That’s riding, I guess!

I paid $5k for my 4th level horse. But he didn’t canter at the time I paid that…

[Mondo]

four2Farm! I have the horse you are looking for. Unfortunately, I’m on the other side of the country.