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Re: [RC] buying, selling, breeding, producing - Bette Lamore

Hi Lisa
A very wise woman once told me a horse is worth what the owner is willing to sell him/her at and what a buyer is willing to pay.
There are horses still sold here for $100,000 but not as often as in the old days before Reagan took away the tax advantage and before the expose in the Arabian Express about the rigging of auctions and the fixing of shows. Some buyers feel a horse is not worth anything unless it costs a pile of money. It's as simple as that. I once lost a sale to Arab royalty because I asked too little for my mare. At $35,000 it was a sale but I was naive and corrected the potential buyer and said "no, $3500-- because I want her to go over where people will see her and the quality I offer." Didn't make too much difference to him; however, his American agent arrived and the would-be buyer showed him the horse he wanted to buy form me. The agent asked how much and when I told him he had some lame excuse about her only being 3 so she was too young (like he couldn't wait 2 years at that price???) I asked Susan Gibson what happened (it was at the Race of Champions that the deal almost happened.) She said I asked too little-- there was not enough money for the agent to make the thousands of dollar margin he was used to making.
So there you have it. There is no rhyme or reason. A client who leased my halter winning Halynov daughter bred her to a famous stallion and was offered $60,000 for the filly at Scottsdale. I have bred better fillies from the same mare and was lucky to get $10,000 on one. It is in who you know and what your connections are. Valery Kanavy sells her winners for BIG bucks because they are trained and ready to go and have proven themselves. I understand that one of my Hal daughters went to the Middle East for $20,000 --- can I get that price? No because I don't have those connections.
Such is life!
Bette and Bunny (who is very happy he is still in the USA!)
PS So far as bashing is concerned, being told you are not a breeder because you sell your babies in utero and intimating that you have no long-range goals for your breeding program is a trifle insulting, n'est pas? It negates all the years and blood, sweat and sacrifice that went into developing your program so that you would be producing consistent quality already. We walked away from a half a million dollar ranch because it was a choice between that or sacrificing our horses at auction--- long sad story-- so I don't want to hear about not caring about long range goals of breeding. Been there, done that and now am happy with my culling, cross breeding and what I produce. I do not criticize other breeders for their choices and slam tall or short horses as some do here. It is simply not my style.


oddfarm wrote:

Bette, I surely didn't see where Heidi was bashing but I do see two totally different philosophies on bringing new babies into the world.
People will buy Heidi's horses for what they like and buy yours for what they like. In the end, you both win and hopefully so do the buyers. Isn't that the bottom line?
Here's what I want to know. Who is breeding and selling the million dollar horses that are sold overseas? How come they are never sold here?? Riders tell me all the time how somebody sold a horse for $100,000 and yet that hasn't been what this group has said. Everybody seems to know somebody who sold a horse for tons of money, and yet I haven't read that at all on this thread. What's the deal?
I would like to see a who's who list of horses that sold for these incredible amounts of money, where they came from, what they did, what their pedigrees are and what are they doing now. These animals must be absolutely amazing to go for the money I hear about. And if people who are breeding endurance horses want to improve, aren't these the kinds of horses to breed to? I don't know, I'm asking.
If one person sold one horse for say, $50,000 or more, does that really cover the costs of all the other horses they bred, trained and campaigned that sold for $1500-2500? Or whatever? Is it a once in a lifetime sell, or is there some breeders who consistently sell very high dollar mounts? Is there money in breeding for endurance or not?
I personally could never be a breeder to sell. I think I could do a good job of producing fine horses, but I could never let them go. However, if there was a way to make all the money I keep hearing about, I might give it a go. I think the horse is always worth more to the seller than to the buyer. Naturally.
I would also like to add that a pre-purchase is not meant to tell you what your horse can or can't do. It is meant to point out to the prospective owner conformation flaws and potential problems like heart murmurs. The buyer can then make a more educated decision about buying the horse. It is possible that a vet not familiar with endurance would look at a little tiny Arab and tell someone there is no way that pony can ride in mountains and do 100 mile rides. Who's to say? But a competent vet can tell you that for his size he does have nice feet, strong cannon bones, a deep girth and that the heart and lungs sound great! And that is what you, the buyer wanted to hear! The pre-purchase exam is not meant to be an elimination process, but rather an educational one.
I bought two horses without an exam and without seeing them in person. (Thank you , Louise!) I lucked out. But on the thread of how people think they are sitting on a pot of gold and ask so much money for horses....the person I dealt with wanted me to pay for shipping on these horses. Not the shipping I would pay to get them to ME, but the shipping the owner paid to get them to HER! Sigh...it takes all kinds.
So again, what horses, and how many have been sold for big bucks? If they are so fantastic, where does one get one? I would love to see comparisons between these "high end" horses and the ones that were a bargain.
My blacksmith says we (Americans) produce the best Arabs in the world.
Lisa Salas, Teh odd faRM
Our heard IS priceless!


--
Bette Lamore
Whispering Oaks Arabians
Home of Bunny and 16.2h TLA Halynov
who lives on through his legacy Hal's Riverdance!
http://www.arabiansporthorse.com

Always remember: "Life is not measured by the number of breaths we take, but by the moments that take our breath away." (George Carlin)





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[RC] buying, selling, breeding, producing, oddfarm