151  Factors influencing sale and bid price of sport-trained horses and ponies sold at online auctions

Ashburn, M.B.; Rostad, D.R.; Main, Sawyer; Thompson, Jada M.; Kibler, Michelle L.; Ivey, Jennie L

doi:10.1016/j.jevs.2021.103614

Cited by 1 publication

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“…Buyers have shown a variance in how they value horses suitable for different disciplines [ 22 , 27 ]. In an assessment of sport horse sale outcomes, professional training did not increase the likelihood of a successful sale, but did increase the commanded price [ 32 ]. Furthermore, in the same study, horses with less experience reported in the sale advertisement were more likely to sell compared to horses with more experience reported [ 32 ].…”

Section: Discussionmentioning

confidence: 99%

“…In an assessment of sport horse sale outcomes, professional training did not increase the likelihood of a successful sale, but did increase the commanded price [ 32 ]. Furthermore, in the same study, horses with less experience reported in the sale advertisement were more likely to sell compared to horses with more experience reported [ 32 ]. Results from the current analysis indicate that thoroughbred horses listed with experience or potential in trail were found to be valued less than horses listed as English general riding, suggesting that auction site bidders in these online auctions could be searching for a more competitive horse, or that trail riding was viewed as a discipline that required less formalized training than other types.…”

Section: Discussionmentioning

confidence: 99%

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Factors Affecting Thoroughbred Online Auction Prices in Non/Post-Racing Careers

Camp

Kibler

Ivey

et al. 2023

Animals

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Racehorse welfare is a prominent, public issue which affects nearly every aspect of the racing industry. Thoroughbred care after race career completion has garnered increasing attention from the equine industry, general public, and animal welfare groups alike. As the average racehorse’s career lasts just 4.5 years, owner demand for thoroughbreds is essential for post-race careers and acceptable welfare standards. This study utilized data from and hedonic pricing models to analyze buyer demand for thoroughbreds sold in online auctions held from 2012 to 2020. The results indicate buyer preferences for age (p < 0.01), sex (p < 0.05), and organization registration (p < 0.05), with bid price premiums for age and registration status (USEF, USEA, USHJA, etc.) and price discounts for mares compared to geldings and horses listed for non-competition careers (trail, p < 0.01). The results of this study confirm and quantify the value potential buyers place on thoroughbreds offered for sale in sport disciplines. The findings may help non-profit organizations charged with rehoming off the track thoroughbreds and reduce the number of unwanted thoroughbreds by illustrating the desired traits and skills within the equine market, thus improving welfare optics overall.

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