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Originally Posted by Kasept
Auctions 2010: Have We Hit the Bottom?
By Deirdre B. Biles
http://www.bloodhorse.com/horse-raci...hit-the-bottom
The 2009 auction season will go down as one of the worst in Thoroughbred sales history. Economic forces outside the industry and a variety of problems within sent the commercial marketplace reeling. The gross revenue of $652,458,368 for the four main categories of auction horses – weanlings, yearlings, 2-year-olds, and broodmares – plummeted 32.4% from 2008 and was the lowest total since 1996’s comparable figure of $610,752,655.
Will 2010 bring some relief or will it be even worse? Following are predictions and thoughts about the future direction of the auction business from several sale company officials and horsemen
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I agree with Chuck...2010 will be a horrendous year to be a seller.. The criminal bloodstock agents are less prevalent and the money for pinhooking is being squeezed out of the game.