The quarter horse market.

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   https://www.abc.net.au/news/2020-02-10/horse-sells-for-double-average-australians-annual-earnings/11931020Horse sells for more than double what the average Australian earns in a year
The average Australian earns just over $48,000 a year before tax, according to the Australian Bureau of Statistics, but a horse in New South Wales has just sold for more than two and a half times that figure.
Key points:
A two-year-old quarter horse stallion sells for $126,000 at this year's Nutrien Classic Sale in Tamworth
Buyers justify steep prices and value the horses for their potential in campdrafting and breeding
With the drought limiting cattle for horses to work on this year, water buffalo were brought in from the Northern Territory
A two-year-old quarter horse stallion made $126,000 at this year's Nutrien Classic Sale, held in Tamworth in northern New South Wales, while another 466 performance horses went under the hammer at the annual auction.
Racehorses can sell for millions of dollars, but this is Australia's largest sale of its kind, showing that the drought does not appear to have stifled the demand for horses.
"Earlier in the sale we probably felt that it may have been a little bit tougher, given the conditions we've endured over the past two and three years," agent Gavin Beard said.
"But at the end of day four it proved once again that people are still happy to spend good money on good horses, and once again we increased the averages and increased the gross sale proceeds of the whole sale."

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Isaac soloman Members Profile Send Private Message Find Members Posts Add to Buddy List Champion Joined: 13 Oct 2015 Status: Offline Points: 5061	Post Options Post Reply Quote Isaac soloman Report Post Thanks(1) Quote Reply Topic: The quarter horse market. Posted: 13 Feb 2020 at 11:42am
	https://www.abc.net.au/news/2020-02-10/horse-sells-for-double-average-australians-annual-earnings/11931020 Horse sells for more than double what the average Australian earns in a year The average Australian earns just over $48,000 a year before tax, according to the Australian Bureau of Statistics, but a horse in New South Wales has just sold for more than two and a half times that figure. Key points: A two-year-old quarter horse stallion sells for $126,000 at this year's Nutrien Classic Sale in Tamworth Buyers justify steep prices and value the horses for their potential in campdrafting and breeding With the drought limiting cattle for horses to work on this year, water buffalo were brought in from the Northern Territory A two-year-old quarter horse stallion made $126,000 at this year's Nutrien Classic Sale, held in Tamworth in northern New South Wales, while another 466 performance horses went under the hammer at the annual auction. Racehorses can sell for millions of dollars, but this is Australia's largest sale of its kind, showing that the drought does not appear to have stifled the demand for horses. "Earlier in the sale we probably felt that it may have been a little bit tougher, given the conditions we've endured over the past two and three years," agent Gavin Beard said. "But at the end of day four it proved once again that people are still happy to spend good money on good horses, and once again we increased the averages and increased the gross sale proceeds of the whole sale."

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