On Aug. 11, Flashpoint Bloodstock, LLC conducted the successful U.S District Court ordered dispersal of two racing American Quarter Horses in an online-only auction.
The auction was conducted by Flashpoint Bloodstock subsidiary ThoroughbredAuctions.com for K2 Solutions Inc., selling agent for the US Marshals Service. The sale was completed just 24 days after the agreement was completed.
The horses, Carters Yachtz and LRH Mojo Rising, sold for $89,000 and $27,000 respectively. They sold for 55 percent over appraised value.
With 94 registered bidders, and 21,877 page views, bidding was fierce, especially during the closing minutes. Carters Yachtz stayed in extended bidding for over an hour. Both horses sold without reserve.
ThoroughbredAuctions.com has sold 412 horses from 518 offered for a completed sales rate of 80 percent. They have produced the largest online Thoroughbred Auction ever held in North America with 98 horses in the 2020 New Mexico Breeders Sale and the record setting R.D. Hubbard Dispersal.
Flashpoint Bloodstock, LLC leads the industry with over 2,000 horses sold in online only auctions since 2012 through its subsidiaries ThoroughbredAuctions.com and SportHorseAuctions.com. The management team pioneered internet auctions for horses and has produced 97 Internet Auctions selling 2,008 horses since 2012 and boasting a high seller of $226,000.
Owners and managers Cathy and Tim Jennings are the industry's most experienced show horse auction managers. In addition to the online auctions, our team managed more than 380 live horse auctions selling over 80,000 horses since 1978. Tim's previous firm, Professional Auction Services, was the largest show horse auction company in the world, by number of horses sold for 15 years.
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