Triangle Sales’ Two-Day Winter Event: 81 Horses Top $10,000
Strong numbers behind the performance-based sale indicate good things for the market.
February 9, 2017
From Triangle Sales
The excitement of a positive sale environment was unmistakable January 27-28 among buyers, sellers and spectators during the recent Triangle Winter Sale in Shawnee, Oklahoma. During the two-day event, 81 head of the 456 horses that sold went for $10,000 or more. The consistently strong sales led to a net average of $6,200 on an 85 percent sales completion (less those withdrawn).
The Winter Sale totals are among the best for the venue and make it one of the top producing sales since Jim Ware of Weatherford, Texas, purchased Triangle Sales in the fall of 2014. Triangle’s “Top $10,000 Club,” established for horses fetching sale prices of $10,000 or more, reached 141 total members for the entire year in 2016. Ware says selling 81 head for more than $10,000 in one sale is a remarkable achievement and a big market indicator.
He attributes this success to the Triangle sale structure, geared for providing a range of quality horses in multiple disciplines. Ware also thinks the lagging horse market, repressed by economic and political factors, is beginning to gain solid momentum.
“I think the market has in part been very politically driven,” Ware said. “We had three sales in October before the [presidential] election, and people were uneasy about their spending. The sales remained successful, but it wasn’t an easy thing to do.”
“I think people with horse interests feel more encouraged about the future now,” Ware continued. “Hopefully, we’re about to have a lot of fun in the industry.”
“Also, there is more of a shortage in terms of horses on the market because of the cycle we’ve been experiencing, and things are picking back up for demand – if you’ve got good ones to sell it is going to be a particularly good time.”
The recent Winter Sale’s Top 10 averaged $25, 800 and $16,700 into the Top 50. While Ware’s first sale with Triangle averaged $6,500 in January 2015, he says strong sales did not run as deep; the slightly higher average was gained with the help of some loftier stand out purchases.
“The January 2015 sale had a lot of expensive horses,” Ware said. “We had a stallion that topped the sale at $125,000 (One Fabulous Time, One Time Pepto x Cat Mist x High Brow Cat). When you look at this recent sale, the average is pretty close and the highest horse we sold was only $47,000. So, the strength was throughout the sale. There were a lot of good horses to choose from, top to bottom.”
The $47,000 high seller Ware referred to was a 2009 palomino stallion, Von Step At A Time (Wimpys Little Step x Von Freckles x Colonel Freckles). The stallion was consigned by Cannon Quarter Horses, Waxahachie, Texas, and purchased by Gaylon and Paulette Hayes, of Oklahoma City.
This was the first time in several years that a reining-bred horse has been the high seller at Triangle. Recent sales have seen this designation consistently go to cutting horses.
“It wasn’t just the cutting horses that were selling well,” Ware said of the recent sale. “Horses sold good in each of the sessions. We had a lot of nice ranch geldings that were gentle, rode beautifully and were really nice horses. They averaged good at $6,150.”
Hillis Akin, a longtime reining and reined cow horse breeder based in Gainesville, Texas, sold seven for an average of $11,500. High averages by session for the Winter Sale were: Cutting Show Horses at $12,400, closely followed by Reining Show Horses, at $10,600.
The second high individual seller was Spots Super (Spots Hot x Highbrow Supercat x Highbrow Cat), a 2012 cutting mare consigned by Slate River Ranch of Weatherford, Texas. The mare sold for $37,000 to Reece Rakestraw of Woodward, Oklahoma.
Third high was CD Dually (CD Olena x Lilly Dual by Dual Pep), which sold for $27,500. The 2010 sorrel gelding was consigned by Paul Smith, Midland, Texas, and purchased by David Murray of Bullard, Texas.
Fourth was a 2015 red roan colt, Docs Metallic Oak (Metallic Cat x Sweet Stylish Win x Docs Stylish Oak). The colt sold to Steve Huckfeldt of Morril, Nebraska for $23,000 and was consigned by Ronnie and Kate Robinson of Orlando, Oklahoma.
Rounding out the top five was Smooth Movin Marie (Smooth As A Cat x Smart Marie by Smart Little Lena) sold to Nathan Barrett of Lone Oak, Texas, for $22,500. The 2013 sorrel filly was consigned by fellow Texans, John and Hope Mitchell, of Weatherford.
All of Triangle’s currently scheduled sales will be based in Shawnee at the Heart of Oklahoma Expo Center. “I like where we are and how things are taking shape,” Ware said. “We’ve learned that we do better with the two-day sale, rather than three-day sale. So our goal for the upcoming year is two full days— except October, when we’ll also have a full day for barrel horses.”
“It’s taken us a while to see what works best and to see where we need to be,” he continued. “This is the first time we have had our dates exactly where we want them. We know what is working and have a feel for how many horses we can sell well.”
Triangle’s next event is the Spring Sale, slated for April 28 and 29. This will be followed by a Summer Sale, Aug. 11 and 12. The 2017 Fall Sale is scheduled for Oct. 26-28, which will include one full day for the Triangle Sales Future Fortunes Select Sale.
For more information, including full sale results, visit trihorse.com.