Show Quality Quarter Horse Auctions: Price Determinants and Buy-Back Practices

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dc.creatorTaylor, Mykel R.
dc.creatorDhuyvetter, Kevin C.
dc.creatorKastens, Terry L.
dc.creatorDouthit, Megan
dc.creatorMarsh, Thomas L.
dc.date2017-04-01T20:22:01Z
dc.date.accessioned2026-07-09T02:53:39Z
dc.descriptionThis study estimates the price determinants of show quality quarter horses sold at auction. Several characteristics including genetic and physical traits, quality of pedigree, and performance record of the horse, as well as the horse's offspring, were found to significantly impact selling price. Sale order positively affected price and appears to be driven by buyers rather than intentional ordering of the horses. A common practice at horse auctions is for the seller to reject the final bid offered and buy back the horse. Model-predicted prices for these buy-back horses indicate they are not undervalued by the final bids, based on their characteristics.
dc.identifierdoi:10.22004/ag.econ.8631
dc.identifierhttps://ageconsearch.umn.edu/record/8631/files/31030595.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/8631
dc.identifier.urihttp://hdl.handle.net/123456789/522322
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/8631
dc.titleShow Quality Quarter Horse Auctions: Price Determinants and Buy-Back Practices
dc.typeText

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University of Minnesota