Corbally Alison F, Fahey Alan G
School of Agriculture and Food Science, University College Dublin, Belfield, Dublin 4, Ireland.
School of Agriculture and Food Science, University College Dublin, Belfield, Dublin 4, Ireland.
J Equine Vet Sci. 2025 Mar;146:105347. doi: 10.1016/j.jevs.2025.105347. Epub 2025 Jan 3.
Sale prices at auction significantly impact the economic return of sport horse production. This study aimed to determine factors associated with auction sales prices of sport horses at four maturity stages: foals, juveniles, young horses, and older horses. A total of 42,799 sales records from 2003 to 2022 were obtained from two Irish equine auction companies. A univariate regression model was used, and significant variables underwent multivariate analysis. Within each maturity category, factors associated with above-mean-priced horses differed from those associated with below-mean-priced horses. Foals registered in a studbook, sired by high-performance stallions based abroad, and sold to overseas markets were associated with a positive price effect. Juvenile stallions and females that were sold at Cavan sales to Irish buyers were associated with a positive price effect. Four-year-old stallions in the overall and above-mean categories were associated with positive price effects in the young horse category. Young horses registered in a studbook, 165-172 cm tall, and sold in November to overseas clients were associated with positive price effects. Horses not started under saddle were associated with positive price effects in overall and above-mean young horse groups. Positive price effects were also observed from older horses that had competed in training shows, were <10years and >165 cm tall and were sold abroad. Negative price effects were associated with horses over 10 years of age in this category. Analysing maturity and value segments gives breeders insights into price determinants, enabling them to optimise pricing strategies and improve profitability.
拍卖成交价对运动马生产的经济回报有重大影响。本研究旨在确定与运动马在四个成熟阶段（驹、幼驹、青年马和成年马）拍卖成交价相关的因素。从两家爱尔兰马拍卖公司获取了2003年至2022年的42799条销售记录。使用了单变量回归模型，并对显著变量进行了多变量分析。在每个成熟类别中，与高于平均价格的马匹相关的因素与低于平均价格的马匹相关的因素不同。在种马登记簿注册、由国外高性能种马所生且销往海外市场的驹具有正向价格效应。在卡万拍卖会上卖给爱尔兰买家的幼龄种马和母马具有正向价格效应。总体类别和高于平均水平类别中的4岁种马在青年马类别中具有正向价格效应。在种马登记簿注册、身高165 - 172厘米且11月卖给海外客户的青年马具有正向价格效应。未开始接受骑乘训练的马在总体和高于平均水平的青年马组中具有正向价格效应。在训练表演中参赛、年龄小于10岁、身高超过165厘米且销往国外的成年马也观察到正向价格效应。该类别中10岁以上的马具有负向价格效应。分析成熟度和价值细分能让育种者了解价格决定因素，从而优化定价策略并提高盈利能力。
