4th Quarter 2010
-Selling "Blahs"
-Buying Across the Sea
-Knowing Appraisal Types
-Jury Selection
-Icy's Column
-Daves Commentary
-About NAES |
| Selling "Blahs"In the Horse World... |
(Bidder
George Bolton paid $1 million for the ridgeling by Smart
Strike out of Ask Me No Secrets, a Seattle Slew daughter.
Coady Photographer/Keeneland) |
...seem
to have hit all parts of the horse selling business.
If you have a race horse you can, however, take heart
in the slight resurgence in prices at the
Keeneland September, 2010 Sale.
Many race horse owners were ready
to throw in the towel but now see a faint light at the
tunnel’s end. In fact, many think the bottom of
the market has been reached. |
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The sale’s select sessions saw a change in the
format being run on two formal evening events. These
produced a smaller average of $264,667.00 compared to
last year’s $348,000.00 but the buybacks were
31% compared to 38% last year. |
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-Selling "Blahs"
-Buying Across the Sea
-Knowing Appraisal Types
-Jury Selection
-Icy's Column
-Daves Commentary
-About NAES
|
| Buying
the Super Horse Across the Sea... |
...can
be attractive since the “grass is always greener”
comes into play.
The change in the purchasing market is sending the prospective
buyers stateside more often than not.
American buyers for the presentable jumper or upper
level dressage horse are tired of being presented with
over-priced European horses that, because of veterinary
shenanigans, limps when it arrives stateside.
My
suggestion when purchasing a “super horse”
across the pond is to fly your own vet to view your
prospective purchase. |
(The recently deceased Friesian stallion, Nanning 374 was one of the very few KFPS approved stallions. Photo provided by Mr. & Mrs. Scott Kelnhofer) |
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It’s not that I don’t trust the foreign
sellers but the old Russian saying quoted by President
Reagan “trust but verify,” is applicable.
Currently European horses are selling at a premium
compared to domestic ones since the recession continues
unabated in America versus the comparatively robust
economy in Germany especially. In addition, there
is a somewhat justified feeling that the European
veterinarians may be “passing” horses
that an American vet might fail.
Be mindful that very presentable horses are available
stateside and generally at a much more reasonable
price.
NAES appraises numerous horses in North America but
we’ve concluded that the high priced example
had better have an impeccable show record or if breeding
stock must have attained “premium” status
in order to bring high dollar service fees.
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-Selling "Blahs"
-Buying Across the Sea
-Knowing Appraisal Types
-Jury Selection
-Icy's Column
-Daves Commentary
-About NAES
|
| Knowing the Specific Type of Appraisal... |
(Photo by NAES) |
...you need is so important.
Often courts or bankruptcy trustees request a Certified Appraisal in order to apply a justifiable valuation.
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Lately, as you might imagine, NAES has been setting records in doing
“Non-Cash Charitable Donation” or 8283 appraisals. The reason being
the inability of horse owners to present to the IRS justifiable valuations.
While donation appraisals are common now there are several other times when a certified appraisal is needed:
1. Death of the horse and the insurance mortality carrier may want an unbiased idea if the insurance value is correct. Often the insurance company will want the appraisal after the horse is deceased but not on the policy’s inception.
2. Upon death of a horse’s owner the equine value is needed to tidy up an estate value.
3. Sometimes a prospective purchaser wants an unbiased idea of the fair market value, (FMV), of the horse.
4. An injury to the horse may necessitate an appraisal especially if someone else is responsible for the injury.
5. An action by the US Justice department or the IRS may mean the taxpayer or the IRS will need a value.
6.Dissolutions or formations of partnerships may need a FMV so the partners know what to put in as their share.
NAES prides itself on giving absolutely correct, conservative and believable appraisal amounts.
Using an appraiser to get you out of a continuing lameness or performance situation is NOT the answer. For one thing, it’s not ethical to evaluate a horse as “serviceably sound” when it has problems that kept it from being sold. |
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-Selling "Blahs"
-Buying Across the Sea
-Knowing Appraisal Types
-Jury Selection
-Icy's Column
-Daves Commentary
-About NAES
|
| Jury Selection... |
...in your case is very important as your attorney has no doubt told you after your case makes it to the trial phase.
If you and your attorney feel your case is sound it will be so helpful for you to identify experts who can help the jury understand the facts of your evidence.
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(Photo Courtesy iStockPhoto.com) |
The jury must be able to understand the testimony of your experts. So the way the jury is selected is very important to your case. By the way, it's not that you want to “but in” to your attorney’s trial strategy but a helpful suggestion here and there can be useful.
For instance, if you have a veterinary malpractice case the jury must comprehend exactly what the expert is saying. Your help may be needed to give advice to your lawyer as to the expert’s trial exhibits and how they might be presented.
Your attorney should know the ins and outs of presenting exhibits at trial but you know your case and will have some idea as to what is going to make the most sense to the jury.
From start to finish the team approach to your case is so important so your lawyer, experts and you must focus the case to a successful win. If you all don’t work together working separately will invariably cost you more and wind up with results not to your liking. |
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-Selling "Blahs"
-Buying Across the Sea
-Knowing Appraisal Types
-Jury Selection
-Icy's Column
-Daves Commentary
-About NAES
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| ICY's Column |
(ICY, the NAES Director of Security is reaching retirement age and will probably retire at the end of 2010. Photo by NAES) |
...by ICY the NAES Director of Security.
She knows the importance of protecting the all-important client
files stored in air conditioned TUFF Sheds and under video observation. |
(KIT, the Deputy Security Director and mother of Mr. BJ who is pictured below. NAES photo.) |
The two other security Dobermans
are Mr. BJ and his mother, KIT.
|
(Mr. BJ, photo by NAES.
The files are very safe.) |
Here is Mr. BJ who is turning out to be a very good guard dog and sweet as can be to everyone he meets…he just looks ferocious. |
(Photo by NAES) |
NAES has hundreds of client files stored in climate controlled storage sheds.
Each of the sheds is under constant video surveillance. |
(One of several security cameras.
Photo by NAES) |
(Backup Generator; Photo by NAES) |
(Client files are stored in air conditioned storage shed for files; Photo by NAES) |
(Keypad controlled security gate.
Photo by NAES) |
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-Selling "Blahs"
-Buying Across the Sea
-Knowing Appraisal Types
-Jury Selection
-Icy's Column
-Daves Commentary
-About NAES |
| Dave's Commentary |
(Dave judging in Scottsdale, AZ.
Photo by NAES) |
I have been involved in the horse litigation and training business for many years.
In all those years I’ve been shocked to see the amount of unethical behavior.
I used to get depressed about the amount of unscrupulous actions.
It is so much easier to just do things the right and honest way. |
We all know of trainers who are very good but they just can’t seem to do things honestly. In fact, it just has to take more time, effort and money to do things in a crooked way.
In financially troubling times you’d think there would be more rotten behavior but actually it seems to be just about the same. If you have any stories you’d like to share please send them in. I’ll publish them, and of course NOT reveal your name. |
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-Selling "Blahs"
-Buying Across the Sea
-Knowing Appraisal Types
-Jury Selection
-Icy's Column
-Daves Commentary
-About NAES
Web
site:
www.northamericanequine.com
Address:
North
American
Equine Services, LLC
35644 North 11th Avenue
Phoenix, AZ 85086-8704
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About
Dave Johnson
(Photo Courtesy NAES) |
Dave
started NAES more than 17 years ago with an eye
to making sure all horse owners and those interested
in horses could depend on NAES for the straight
scoop on horses and prices.
In
addition, Dave is one of the busiest horse activity
experts in North America.
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Because
of his long history of working with so many breeds
and disciplines he's called upon to give his opinion
in literally hundreds of legal cases and horse
appraisals.
Dave is still an active horse show judge and,
when time permits, continues teaching at his wife's
nationally known stable, Willoway Farm, Inc.,
in Phoenix, Arizona.
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