Comments on: Slump Starting to Hit Luxury Goods http://www.nakedcapitalism.com/2008/07/slump-starting-to-hit-luxury-goods.html Sun, 22 Nov 2009 04:39:16 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: masaccio http://www.nakedcapitalism.com/2008/07/slump-starting-to-hit-luxury-goods.html#comment-11622 masaccio Sat, 19 Jul 2008 16:04:00 +0000 http://www.nakedcapitalism.com/2008/07/slump-starting-to-hit-luxury-goods/#comment-11622 So when does the price of used Cayman's come down? So when does the price of used Cayman’s come down?

]]> By: a guy called john http://www.nakedcapitalism.com/2008/07/slump-starting-to-hit-luxury-goods.html#comment-11612 a guy called john Sat, 19 Jul 2008 14:04:00 +0000 http://www.nakedcapitalism.com/2008/07/slump-starting-to-hit-luxury-goods/#comment-11612 many rich people didn't get rich by spending like drunken sailors. convert some of those prices into dollars and you can see why these people are cutting back. <br/><br/>spending $200 for a wallet isn't unseemly, it's stupid. many rich people didn’t get rich by spending like drunken sailors. convert some of those prices into dollars and you can see why these people are cutting back.

spending $200 for a wallet isn’t unseemly, it’s stupid.

]]> By: Doc Hoilday http://www.nakedcapitalism.com/2008/07/slump-starting-to-hit-luxury-goods.html#comment-11588 Doc Hoilday Sat, 19 Jul 2008 04:31:00 +0000 http://www.nakedcapitalism.com/2008/07/slump-starting-to-hit-luxury-goods/#comment-11588 Yearlings fetch lower than usual sale prices at Fasig-Tipton horse aucti<br/>http://www.iht.com/articles/ap/2008/07/15/sports/NA-RAC-Fasig-Tipton-Sale.php<br/><br/>LEXINGTON, Kentucky: Effects of a sluggish economy may have spilled into the first major U.S. horse sale of the summer Monday, with lower than usual mid-level yearling prices at Fasig-Tipton.<br/><br/>The Lexington auction house held its first major sale since it was purchased in April by Synergy Investments of Dubai. While there were few signs of the management change during first day of the two-day yearling auction, the low prices signaled the economic outlook has changed.<br/><br/>Auction ends with lack of middle ground<br/>http://www.kentucky.com/181/story/462208.html<br/><br/>A total of 305 horses sold for $28,151,000, down 23 percent from the $36,441,000 generated a year ago, while the average ($92,298) and median ($75,000) declined 10 percent and six percent, respectively, from 2007.<br/><br/>”It's a tough world out there but I thought this was a very good sale,“ said Walt Robertson, president of Fasig-Tipton. ”Buyers told me they had a tough time buying good horses. It's definitely a tougher market at the lower end than it has been, but that's been tough all year.<br/><br/>Horse sales slow to a trot<br/>http://www.chron.com/disp/story.mpl/business/5876320.html<br/><br/>Mounting fuel, feed and hay prices are driving up the costs of horse ownership and making it harder to sell colts, yearlings, wild stallions and other horses. Yearlings fetch lower than usual sale prices at Fasig-Tipton horse aucti
http://www.iht.com/articles/ap/2008/07/15/sports/NA-RAC-Fasig-Tipton-Sale.php

LEXINGTON, Kentucky: Effects of a sluggish economy may have spilled into the first major U.S. horse sale of the summer Monday, with lower than usual mid-level yearling prices at Fasig-Tipton.

The Lexington auction house held its first major sale since it was purchased in April by Synergy Investments of Dubai. While there were few signs of the management change during first day of the two-day yearling auction, the low prices signaled the economic outlook has changed.

Auction ends with lack of middle ground
http://www.kentucky.com/181/story/462208.html

A total of 305 horses sold for $28,151,000, down 23 percent from the $36,441,000 generated a year ago, while the average ($92,298) and median ($75,000) declined 10 percent and six percent, respectively, from 2007.

”It’s a tough world out there but I thought this was a very good sale,“ said Walt Robertson, president of Fasig-Tipton. ”Buyers told me they had a tough time buying good horses. It’s definitely a tougher market at the lower end than it has been, but that’s been tough all year.

Horse sales slow to a trot
http://www.chron.com/disp/story.mpl/business/5876320.html

Mounting fuel, feed and hay prices are driving up the costs of horse ownership and making it harder to sell colts, yearlings, wild stallions and other horses.

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