Quality Horses At Auction
Historically, European sport horse auctions have played a crucial role in bringing buyers and sellers of elite quality horses together. Decades ago, breeders in Europe began holding auctions as a way to present their highest quality youngsters to a large audience of buyers who were interested in finding top notch horses. This was the natural solution to the problem both buyers and sellers faced: namely, that it was neither time nor cost effective for buyers to travel all over the region to see individual horses. Instead, breeders from each region presented their young stock to a jury of equestrian specialists. These foals and young horses were evaluated by the panel of experts for their suitability to be sold via a regional auction. In this way, quality horses were presented collectively in one location for buyers to see. What started as a regional event decades ago, has now grown to become a global marketplace! Over the years, the process has become increasingly sophisticated and now serves as a traditional venue for horse sales.
As an example, Hanover holds 8 auctions throughout the year with more than 1000 sport horses, foals, brood mares and stallions sold annually. The costs for holding the auctions are split between the buyers and sellers, through a small percentage commission added to the sale price of each horse. Both parties benefit significantly from the arrangement. The buyer benefits from the fact that a large number of quality horses who have already been preselected and vetted are all available for test riding and comparing in one central location. This format enables buyers to find the best possible horse to suit their needs. Sellers enjoy the benefit of having widespread marketing (nationally and internationally) to bring as many potential buyers as possible to see their horses. Additionally, auction management efficiently takes care of the sales process for the seller.
Many American buyers have chosen to buy their horses through the European auctions. However, with the changing economy, it has become increasingly unaffordable to search internationally for a new horse. Fortunately, many excellent horses are being bred here in the US. Because buyers and sellers face the same logistical dilemmas here, it naturally makes sense to utilize an auction model similar to that which has been so successful in Europe!
The Pacific Sporthorse Selection (PSS) has been created to meet the needs of West Coast buyers and sellers by following in the tradition of the European auctions. Our horses are screened by veterinary exam and x-rays to make sure they meet soundness and health requirements. Then, the horses will be professionally ridden for the 5 weeks prior to the auction. Our goal is to provide buyers with a selection of talented, sound, rideable horses from which they can choose their optimal partner. Potential buyers will have the opportunity to watch the horses in their daily work and test ride the horses that interest them for two weeks prior to the auction. At the auction itself, we will have a veterinarian available to discuss the x-rays on file for any of the horses so that buyers will have a complete picture of their future equestrian partner. Alternatively, buyers can request to review the x-rays and exam findings with their own vets.
We hope you will join us for this exciting event!
Your PSS Team.