Year-End Report: Market Edges Up 4%

The North American and European auction marketplace, which we cover in the Weekly Sales Ticker, bottomed out in 2010, when the sales we covered saw gross receipts of just over $1-billion ($1,033,910,608, to be precise) for 21,577 horses sold, an average of $47,917. Two years later, by the end of 2012, the sales had improved by 22%, to just over $1.25-billion. Last year marked the recovery in the horse market; sales jumped by 25%, which was $318-million, to a total of $1.574-billion and an average of $72,412. In the three years between 2010 and 2013, with virtually the same number of horses sold (21,739 in 2013 vs. 21,577 in 2010), the sales= gross increased by 52%–over $540-million–and the average, for more than 21,700 horses sold, by 51%.

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