The 1998 Raleigh
Spring Sale

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News | Sale Averages | Complete Results

A record crowd estimated at 4,000 people attended the Raleigh Spring Sale, held February 28, 1998 at the North Carolina State Fairgrounds in Raleigh. For the second year in a row, the sale featured an AQHA Leading Sire, COOSA LAD. The ten year old son of Coosa and Reserve World Champion Mare Johnette Skip, was an AQHA All-Time Leading Sire of Halter ROM qualifiers and an Equistat Leading Sire of Halter and Pleasure Money Earners.

COOSA LAD topped the sale selling for $262,000.00. He was purchased by Christine and Mac Cadaret of Cazevonia, New York and will stand in North Carolina with Mike Hay. Coosa Lad was the property of the United States Government at the time of the sale. He had been seized by the Internal Revenue Service, Criminal Investigation Division.

The circumstances surrounding the sale of the stallion required that he be sold at public auction. "The government has had a lot of experience in liquidating seized assets. They know that the best way to do that is to sell at public auction." said Tim Jennings, Vice President of Professional Auction Services, Inc. "The Thoroughbred industry has known this for a century and it looks like we starting to understand it in the Quarter Horse and Paint industries."

The second High Selling Horse was Coo Obvious, a double registered AQHA and APHA stallion. He was also a son of Coosa and was an APHA Superior Halter Horse. Coo Obvious sold for $30,500.00 to Derek Chojnowski of Wynnewood, Oklahoma and was sold by David Jackson of Keyser, West Virginia.

The sale averaged $5,280 on horses actually sold. "This was a great sale." Jennings stated "Taking the high selling stallion out of the average, it still averaged $3,175 on the other 122 horses that actually sold. That ranks it, for the second year in a row, among the best sales in the country."

The sale which was held during the Southeastern Reining Horse Association Spring Celebration Reining. Thirty four Reining Horses, prospects and breeding horses were entered in the sale. The average for these horses was strong at $4,234 with eighty six percent (86%) of the Reiners offered selling to new homes.

The Raleigh Spring Sale was managed by Professional Auction Services, Inc. of Leesburg, Virginia. Professional Auction Services, Inc. was founded in 1978 by Mike Jennings and Tim Jennings and has managed nearly 130 Horse Auctions with sales of over $50,000,000.00. Auctioneers for the Sale were Alan Parker of Plant City, Florida and Mike Jennings and Tim Jennings of Professional Auction Services, Inc. and Tony Langdon of Dallas, Texas.

For complete results and further information contact Professional Auction Services, Inc. at (703) 777-6975. A video tape of the sale of Coosa Lad will be available in late March.

 

High Selling Horse: Coosa Lad - $262,000.00

1988 Quarter Horse Stallion by Coosa

AQHA & Equistat Leading Sire

Consigned by: Internal Revenue Service, C.I.D.

Purchased by: Christine & Mac Caderet, NY


2nd High Selling Stallion: Coo Obvious - $30,500.00

1995 AQHA/APHA Stallion by Coosa

APHA Superior Halter Horse

Consigned by: David Jackson, WV

Purchased by: Derek Chojnowski, OK


High Selling Mare: Leada Bit O Scotch - $10,000.00

1988 Quarter Horse Mare

Open ROM Western Pleasure Pleasure

Consigned by: Hillbrook Quarter Horses, Bill Wharton, NC

Purchased by: Robert M. Walter, VA


High Selling Gelding: C A See See Bandit - $6,200.00

1995 Paint Gelding

Consigned by: Kenneth Sharpe, agent for Katie Sharpe, NC

Purchased by: Dixie Stampede, SC


High Selling Reining Horse:Beavers Best Buster - $9,500.00

1994 Quarter Horse Stallion

Open ROM Reining

Consigned by: Kelly Sapp, agent for Raymond Usher, NC

Purchased by: Robert Fife, Renegade Farm, NC


High Selling Burro:Toby - $400.00

1981 Burro Gelding

Champion Necking Burro & Cookie Eater

Consigned by: Marianne Hall, FL

Purchased by: Susan Clayton, SC

Contact Professional Auction Services today to find out how you, too, can take full advantage of this phenomenal marketing opportunity.