Landmark – Lets take a closer look.

Landmark – Lets take a closer look.

By now everyone is more than familiar with the 2018 Landmark Classic Sale results. Let’s take a closer look.

The final tally for the sale, according to the Landmark LIVE Website, was 569 lots presented with 495 selling at a clearance rate of 86.99%. A total of $7,413,000 changed hands with a mean average of $14,975.76. The lowest price being $3,000, the highest $130,000. By the law of averages I would expect the split of horses that sold below the average price, compared to the horses that sold above the average to be a 50/50 split. However in reality, that split sits around the $13,500 mark, with just under 35% selling for $15,000 or over. The chart below shows how the sale prices were spread.

From this you can see that the most horses sold in the $5001 to $10,000 price range. That is 33% of all horses that went under the hammer sold for between $5001 and $10,000. The percentage of horses that sold for less than $15,000 was 69.75%. Leaving, as stated before, just over 30% for the horses over $15,000. The Mode average or the most common selling price was $10,000. 45 horses sold for this amount or 9% of all horses presented.

27 stallions were sold for a total of $724,000 with a mean average of $26,814.15, the 50/50 split was $20,000. Top price was $130,000 lowest $3,000. The Mode average was shared with $13,000 and $15,000 each attracting three transactions at those prices. 8 Stallions sold between $13,000 and $15,000 or just under 30%. 69% of stallions sold for over $15,000.

276 mares sold for a total of $4.665,500 at a mean average of $16903.99. Highest price was $89,000 and the lowest $3,000. The 50/50 split $13,000 or thereabouts. A total of 30 Mares sold for $10,000 or 10.86%, making this the mode average. 43% of mares sold went for $15,000 or over.

Last but not least Geldings, 193 were dispersed for a total revenue of $2,023,500 mean averaging $10,484.46. The 50/50 split around $8,000. 19 Geldings sold for the mode average of $8,000, just over 10%. 35 geldings sold for $15,000 or over, top price being $60,000 and lowest $3,000. That means that 82% of those geldings sold for less than $15,000.

Any way you look at it, 2018 sale was another success, if you missed out there are some quality bred cowhorses listed for sale in the salebarn


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