Marquis Diamond to Reddam/Hennig

[Gander]

Wrong, his name was Sunshine Alpine.

Originally Posted by Gander

Wrong, his name was Sunshine Alpine.

Thats correct. In my aggravated state I typed the name of the winner.

[outofthebox]

Hey Oracle. to the best of your knowledge does Contessa sell the horses himself or does he deal with agents. I know he's constantly trying to peddle of his cheaper horses himself, just wasn't sure about the more pricey ones.

Originally Posted by outofthebox

Hey Oracle. to the best of your knowledge does Contessa sell the horses himself or does he deal with agents. I know he's constantly trying to peddle of his cheaper horses himself, just wasn't sure about the more pricey ones.

I always talk to him direct. He doesn't use agents to sell to the best of my knowledge. I think he does his own buying as well.

[ELA]

Gary Contessa is very well known as a seller. Not every owner of his is a seller and not every horse is for sale. Then again, as they say, everyone/everything always has a price. LOL. Whenever he and I talk he always tells me what he has for sale, what he likes, etc. -- me and about a zillion other people. We've talked quite a bit about his selling -- for example, professionally speaking (as it relates to the tax aspect, tax planning/reduction strategies, etc.).

If he doesn't own a piece of the horse he gets paid by his owner(s) if they sell one for a nice price. He tends not to "market" his horses through agents or use them to sell, but that doesn't mean if an agent contacts him for a certain horse he won't deal with him/her. He is a "seller" and his motivation is to sell. In reality, he doesn't need anyone to market his horses because he is so well known as a seller. Certain people who buy from him might have their own agent (or in some cases a manager perhaps) or someone they know do the work. Kind of like a "buyers agent". Gary is sharp and he knows the market.

Eric

Originally Posted by ELA

Gary Contessa is very well known as a seller. Not every owner of his is a seller and not every horse is for sale. Then again, as they say, everyone/everything always has a price. LOL. Whenever he and I talk he always tells me what he has for sale, what he likes, etc. -- me and about a zillion other people. We've talked quite a bit about his selling -- for example, professionally speaking (as it relates to the tax aspect, tax planning/reduction strategies, etc.).

If he doesn't own a piece of the horse he gets paid by his owner(s) if they sell one for a nice price. He tends not to "market" his horses through agents or use them to sell, but that doesn't mean if an agent contacts him for a certain horse he won't deal with him/her. He is a "seller" and his motivation is to sell. In reality, he doesn't need anyone to market his horses because he is so well known as a seller. Certain people who buy from him might have their own agent (or in some cases a manager perhaps) or someone they know do the work. Kind of like a "buyers agent". Gary is sharp and he knows the market.

Eric

I agree hes very sharp in knowing the market, very. His prices are never unrealistic like some folks are when you call them. He knows how far to push the envelope.

[ELA]

I think "realistic" is in the eye of the beholder -- or the person who has a vested interest in sale going through, LOL. As an owner, I tend to look at economics. Not that economics exclusively dictate, because if that was the case a buyer would never buy a horse. You could never just examine the economic side -- heck, I'd never get a horse bought in my life. There is always going to be some sort of unquantifiable, intrinsic, etc. value that must be part of the equation. People pay premiums for innumerable reasons.

However, when looking at economics, it is very easy to see that the marketplace is very "inefficient" and is very "overvalued". I am not talking about the kind of horses that people buy for $250k and up off of a maiden score, second lifetime start, etc. Look at what people pay for NY breds -- all because there is so much value. At various points in time during the year you have 2 or 3 easy conditions that you can go through -- and you are looking at $125k to $130k of purse money.

Take everything you think and know about the "market" per se and throw it all out because it is very simple to figure out how much a horse is worth. As we have all heard -- a horse is worth . . . what someone is willing to pay. LOL.

Eric

[blackthroatedwind]

Originally Posted by Gander

Wrong, his name was Sunshine Alpine.

Very good.