After covering the main advantages of using Equivend to sell your racehorse, its time to cover the big question…
Is selling racehorses online rather than through a physical auction actually feasible?
Our counterparts in the southern hemisphere certainly think so. Whilst the sales industry has shuddered to a halt in the UK, Ireland and France, online sales in Australia and New Zealand have thrived.
The online racehorse auction site Gavelhouse.com actually set a new world record for the price paid for a horse at online auction in March. Hasahalo, a Group 1 winner in New Zealand, was purchased for $670,000 (over £340,000) by China Horse Club. You can read more about the success of online auctions on news section of gavelhouse.com
It seems our peers down under are embracing this technology far quicker than us Europeans. New Zealand Bloodstock’s Managing Director, Andrew Seabrook, highlights his faith in online sales saying,“Online bloodstock sales are here to stay so we want to be at the forefront of their progression.”