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Cavan sales - prices in freefall.

  • 14-02-2008 7:28pm
    #1
    ShotgunPaddy
    Closed Accounts Posts: 66 ✭✭


    Went to the sales at the Cavan Equestrian Center on Wednesday. The sellers got hammered. Mare in foal 800 Euro! Lots of stock passed in. Is it just the time of the year or a lack of buyers and chronic over supply?


Comments

  • #2
    togster
    Closed Accounts Posts: 2,931 ✭✭✭togster


    didn't realise it was that bad. I think the weak dollar has alot to do with it.

    Was the standard good?


  • #3
    ShotgunPaddy
    Closed Accounts Posts: 66 ✭✭ShotgunPaddy


    Most people there agreed that the standard was ok.


  • #4
    [Deleted User]
    Posts: 5,589 ✭✭✭ [Deleted User]


    More like to do with an impending recession rather then the weak dollar.

    Horses are an expensive sport and many people bought in when things were going great. Now that they have begun to slow down, people may be seeing the writing on the wall.


  • #5
    Borderfox
    Registered Users, Registered Users 2 Posts: 10,263 ✭✭✭✭Borderfox


    From other sales I was at buyers seem to be waiting for something outstanding before putting a lot of money in the ring.


  • #6
    doctor evil
    Closed Accounts Posts: 3,114 ✭✭✭doctor evil


    Hhhmm, so do you think the price of livery could fall or go up?


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  • #7
    togster
    Closed Accounts Posts: 2,931 ✭✭✭togster


    Deleted User wrote: »
    More like to do with an impending recession rather then the weak dollar.

    I think its a combination of both tbh. The US market was always a really good market for the high end sport horse.


  • #8
    finbarrk
    Registered Users, Registered Users 2 Posts: 5,494 ✭✭✭finbarrk


    Borderfox wrote: »
    From other sales I was at buyers seem to be waiting for something outstanding before putting a lot of money in the ring.

    Its always the same the very good one will make enough and the ordinary ones are hard to shift.


  • #9
    Borderfox
    Registered Users, Registered Users 2 Posts: 10,263 ✭✭✭✭Borderfox


    Spot on finbarrk, I have seen foals make €210,000 and either side of are €3000.


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