I watched about the last half of the sale. And although I did think some horses sold for below their value, I also think many brought what they should have, and a couple I was surprised at the amount and actually thought it was high based on market conditions. So everyone has their own perspective. But I still believe that proven horses with good pedigrees, good conformation and that are presented well bring their sellers a reasonable amount. We've seen a lot of auctions over the last few years: website-only auctions (not live), live auctions (no internet streaming) and ones like the Reece sale yesterday. One thing still holds true for me - the Reece family, with the help of Heather, put on one heck of a sale!
The horses were extremely well presented, all in very good condition and all clean and clipped with nice halters on. The person doing the pedigree information was well-informed and knew what he was talking about and the auctioneer did his job as well. I didn't see ANY skin and bones, unclipped, unbathed, poorly conformed horses. They have some standards obviously and that is what will keep this sale as one of the few premier sales held each year. If you want your horse to bring as much as possible, regardless of the market, this would be the sale to consign to. And no, I'm not friends with the Reeces, don't even know them personally, but it's just my opinion from what I've seen over the years.
Congratulations to all the sellers and buyers! I'd say it was the best sale we've seen in a while.