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Professional Auctioneer to Call 4th Annual Intercontinental Sport Horse Auction

Wellington, FL – December 12, 2006 – The Ridge Farm and Nona Garson have announced that Tim Jennings of Professional Auction Services Inc. will be the auctioneer for the second year at the Intercontinental Sport Horse Auction in Wellington, FL, on January 27, 2007.

Having called the auction last year, Jennings is familiar with the way the Intercontinental Sport Horse Auction is run, as well as the caliber of horses it offers. “It was a great experience. (Nona is) smart and fun and gracious and articulate, and just a joy to work with. Just a nice set of horses, and a good crew to work with,” he commented about the 2006 sale

As a Virginia native and horseman, he brings a keen sense of business and an experienced eye to the sale because being an auctioneer is in his blood. “I grew up in the business. My dad started out doing benefit horse auctions for the Virginia Quarter Horse Association, and it grew into a business. I started working horse auctions when I was in high school, went to auction school in ’78 and have been an auctioneer since then,” Jennings stated.

Despite his many years in the business, he said that his favorite part about the auction process is understanding the buyers, the psychology of their bids and the size of the sales that happen in a matter of minutes. “Basically, it’s an adrenaline rush. It is, after the hundreds and hundreds of sales that I’ve done, it’s still a rush,” he exclaimed.

Jennings and his brother, Mike, own the company, Professional Auction Services Inc., which organizes and produces 17 major auctions every year. These include the American Quarter Horse Association World Championship Show sale and the pony sale that is run in conjunction with the USEF Pony Finals. Jennings estimated that since he and his brother began in 1979, they have produced more than 250 horse auctions and sold more than 50,000 horses for $160 million.

The Intercontinental Sport Horse Sale, modeled after traditional European sales, offers interested parties a handpicked selection of elite hunter, jumper, and dressage horses from around the world, which makes it very different than the majority of U.S. sport horse sales that buyers are accustomed to.

Citing the Thoroughbred industry, where the auction culture is very different, Jennings said that “They have a tradition where their best horses go to auction. Their best yearlings, best mares, best prospects are sold at auction, and it has been that way for some time.” More than $1.5 billion in Thoroughbred auction sales was made in North America and Europe in the past year, which he said shows that “people are used to buying and selling the best horses in the auction tradition.” However, people in the sport horse industry are more reluctant to purchase horses from an auction than those in the racing world.

The purpose of the Intercontinental Sport Horse Auction is to change that notion, which is what Garson is trying to do. “People are trusting those places to reach out and buy some really good horses and ponies at these sales. In particular, the kind of horses that Nona [Garson] has there, buyers can get some first-rate show horses and prospects for what the market says they’re worth – not someone’s opinion,” Jennings explained.

Interested parties can view prospective horses online at http://www.interconsporthorse.com, which will have breeding details, individual specifications and photos. There will be video clips available of each horse at least one week before the auction. Horses can be tried or viewed, by appointment, from Tuesday, January 23, 2007, through the date of the auction, and The Ridge Farm will host a cocktail party and viewing on Friday, January 26, 2007, where each horse will be shown.

The fourth annual Intercontinental Sport Horse Sales – Sport Horse Auction is open to the public. However, it is suggested that attendees register in advance. For more information, please visit http://www.interconsporthorse.com online or contact The Ridge Farm at 732-681-4379.

 

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