ADD EXHB 5 crownribbon_ex9900.htm LETTER OF INTENT

Exhibit 99

Douglas Leonard c/o Crown Ribbon LLC, Series 721 Ranch 2701 N Thanksgiving Way, Suite 100 Lehi, UT 84043 May 10, 2023 Chad Beus c/o CTH Quarter Horses LLC 18901 Winners Circle Lane Thackerville, Oklahoma 73459 To: CTH Quarter Horses LLC RE: Letter of Intent to Purchase Horses This letter of intent ("LOI") expresses the mutual interest of both parties in regards to Crown Ribbon LLC, Series 721 Ranch ("Buyer", or “721 Ranch”) purchasing certain assets from CTH Quarter Horses LLC ("Seller", or “CTH”). This document outlines the preliminary terms and considerations upon which the Buyer proposes to purchase the horses listed identified in this LOI. 1. Purchase Items: The assets to be purchased under this agreement are detailed in Exhibit A ("Equine Appraisal"), which is attached hereto and made part of this LOI. It is agreed that at the time of signing the final purchase agreement, Exhibit A will be updated to reflect the current and complete list of Horses. a. Both parties acknowledge that specific horses and fair market value (“FMV”) of the horses may differ from what is currently listed in Exhibit A. 2. Purchase Price and Payment Terms: The purchase price for the Horses will be determined based on the FMV at the time of sale and upon mutual agreement of the parties. A preliminary FMV of $11,003,500.00 has been determined based on the 3 rd party appraisal acquired on May 10, 2023. Final payment terms will be outlined in the definitive purchase agreement. a. An updated listing of horses and their current appraised value will be provided to Seller and included in the final purchase agreement. 3. Consideration: Both cash and 721 Ranch stock may be used as consideration for the purchase of assets. Both Buyer and Seller must agree to the combination of stock and cash prior to the signing of the purchase agreement. 4. Due Diligence and Inspection: Buyer intends to conduct a thorough due diligence review and inspection of the Horses. The seller agrees to provide all necessary assistance and access to relevant information and premises for this purpose. 5. Confidentiality: Both parties agree to keep all negotiations confidential and not to disclose any details to third parties without prior written consent, except as required by law. 6. Binding Effect: This LOI does not constitute a binding contract to purchase the Horses mentioned herein. It is merely an expression of the intent to proceed with negotiations in Docusign Envelope ID: 4C70D027 - 35A8 - 465C - 990A - A4BE4D88AD1A

 
 

good faith. A binding agreement shall only arise upon execution of the definitive purchase agreement, to be negotiated and executed by both parties. 7. Governing Law: This LOI and the purchase of the Horses shall be governed by the laws of the state in which the Buyer is located. We look forward to working closely with you to complete this transaction. Please indicate your agreement with the terms of this LOI by signing and returning a copy of this document. Sincerely, Doug Leonard, CEO c/o Crown Ribbon, Inc Manager Crown Ribbon LLC, Series 721 Ranch May 10, 2023 Agreed and Accepted: Chad Beus c/o CTH Quarter Horses LLC Managing Member May 10, 2023 Attachments: Exhibit A: Equine Appraisal Docusign Envelope ID: 4C70D027 - 35A8 - 465C - 990A - A4BE4D88AD1A

 
 

721 Ranch Equine Appraisal Prepared By Hunter Cure Cure Appraisal

 
 

SUMMARY APPRAISAL OF LIVESTOCK IN POSSESSION OF: Chad Beus LOCATED NEAR: Spanish Fork, UT PREPARED FOR: Chad Beus 6538 So River Dr Spanish Fork, UT 84660 EFFECTIVE DATE: May 10, 23 PREPARED BY: HUNTER CURE CURE APPRAISAL 21215 FM 2846 HOLLIDAY, TX 76366 1

 
 

CURE APPRAISAL 21215 FM 2846 • Holliday, TX 76366 May 10, 2023 Chad Beus 6538 So River Dr Spanish Fork, UT 84660 Dear Chad, In accordance with your request on March 18, 2023, I have made an appraisal of the livestock of 721 Ranch located near Spanish Fork, UT. The intended use of the appraisal is to establish a fair sales price for the subject property. The intended user(s) of the appraisal is/are Chad Beus and/or assigns. This appraisal for fair market value is based upon a research examination of the subject property, together with an investigation and analysis of all pertinent data. The Replacement Cost, Sales Comparison, and Income approaches for establishing value were all considered . The Sales Comparison Approach was deemed most applicable and was used in determining the value of the subject property in this appraisal . Stallions are evaluated with the income approach with their expected lifespan remaining and desirability a factor . I would like to note that, since markets are constantly changing, the value(s) of this livestock may vary considerably within the weeks and months to come. Subject to the assumptions and limiting conditions attached to this appraisal, the fair market value for the subject livestock, as of 5/10/2023, is estimated to be: Eleven Million Three Thousand Five Hundred Dollars and No Cents $11,003,500.00 Thank you kindly for this opportunity to be of service. Sincerely, Hunter Cure Appraiser 940 - 733 - 2115 2

 
 

3 TABLE OF CONTENTS Page 1 2 3 4 4 4 5 Title Page Letter of Transmittal Table of Contents The Appraisal Process Sales Comparison Approach Location of Livestock General Information Intended Use of the Appraisal Intended User(s) of the Appraisal Purpose of the Appraisal Assumptions and Limiting Conditions Description and Appraised Value(s) of the Subject Livestock Stallion Slots Stallions Mares 2022 Yearlings 2022 Race Yearlings 2023 Foals 2024 In - Utero Foals Appraiser Certification Qualifications of the Appraiser Previous Sale Results and Notes 6 7 8 8 9 12 12 13 15 17 18 19

 
 

4 THE APPRAISAL PROCESS In making this Livestock appraisal, a sales comparison approach was deemed the most appropriate method to use for determining the fair market value for much of the subject property. The income approach was used on the stallions considering they are for hire to the general public and demand drives their rates. No on - site inspection was made. Chad Beus was responsible for providing the basic information needed to conduct my own research and evaluate accordingly. SALES COMPARISON APPROACH The Sales Comparison Approach estimates value by comparing the subject property with similar properties sold in a relevant market, and considers adjustments made for all differences that affect value, such as differences in characteristics or features of value, in market layer, and in time. LOCATION OF LIVESTOCK The subject property was not entirely located near Spanish Fork, UT as of May 10, 2023, the date the livestock were appraised but not inspected.

 
 

5 GENERAL INFORMATION INTENDED USE OF THE APPRAISAL This appraisal is to be used to establish a fair sales price for the subject property. INTENDED USERS OF THE APPRAISAL The intended user(s) of this appraisal is/are 721 Ranch, Chad Beus and any persons who may be so authorized by 721 Ranch or Chad Beus to use it for its intended purpose. PURPOSE OF THE APPRAISAL The purpose of this appraisal is to establish the fair market value of the subject Livestock/Equines.

 
 

6 ASSUMPTIONS AND LIMITING CONDITIONS 1. Neither all nor any part of this report is to be reproduced for distribution or publication without the written consent of the writer. 2. The livestock appraised herein is/are assumed to be the property of 721 Ranch. However, this appraisal makes no guarantee of actual ownership of said livestock as various parties may be involved. 3. No responsibility is assumed for the outcome of any legal action in which this appraisal may be used as evidence, or for testifying in court without adequate notice for preparation. If future consultation, testimony, and/or deposition concerning this appraisal is required of the appraiser; it shall be done so with adequate time for preparation and at an additional fee for time and expenses. 4. The appraiser shall not assume liability as to the health or soundness of the subject animal(s) other than what is noted in the general description of the animal(s). The subject animal(s) is/are assumed to be in good health on the date of the appraisal.

 
 

7 APPRAISED VALUE OF LIVESTOCK BY CLASSIFICATION Quantity Type Appraised Value $1,320,000.00 Stallion Slots 8 $4,655,000.00 Stallions 6 $3,448,500.00 Mares 48 $142,000.00 2022 Yearlings 12 $395,000.00 2022 Race Yearlings 5 $659,000.00 2023 foals 27 $384,000.00 2024 In - Utero foals 34 132 head and 8 slots evaluated for a TOTAL DOLLAR VALUE $11,003,500.00

 
 

8 Stallion Slots Seems private treaty is driving the market prices higher, which is mostly hearsay. Public auction 4 Pink & Ruby buckle slots $ 1,200,000 might be lower. One just sold, private treaty @30k probably at good value. 50k tops @ full retail, which won't 4 Riata Buckle Slots $ 120,000 be done much for a few more years Sub - total of Appraised Values $1,320,000.00 Stallions Sub - total of Appraised Values $4,655,000.00 Notes Dam Sire Appraised Value Reg # Horse Name Age is my biggest factor, although I'd like for there to be more offspring earnings as well for one of this age. 800 doses in the Evening Frenchmans $ tank already Traffic Guy 350,000 4613413 Traffic Guy Strong book potential. Double bred winner. I lean towards he's the gem of this whole deal. The upside to this stallion far $ MP My Goodbye exceeds the others Stingray TGBL 3,000,000 6011790 Stings Terry Moody originally purchased for 24k, hard pressed to think there was 476k in markup between sales. Hoping he wins Dash Ta Frenchmans $ this year and sets his own legacy Fame mare Guy 175,000 5932073 French Empire Far from good looking but I can't argue with age and with 100 booking contracts, real upside potential, offspring earnings at $2,179 total amongst 3 hd which will have Dash ta $ to improve to keep bookings vanilla Tres Seis 1,000,000 5549763 Roarrr Fairly priced as a futurity prospect, although he'll need to win to gain name recognition Separate Fire Roarrr $ 100,000 6014255 CT Hear Me Roarrr TB mare with $5,420 in earnings but is a $ producer, giving most of the value to her Lady Perry Traffic Guy 30,000 6145933 CT Traffic On Fire

 
 

Mares Horse Name Reg # Appraise d Value Sire Dam Notes Jess Walking Thru 5481548 $ 750,000 Walk Thru Fire Jess Sass Me Hard to argue with her, 447k in earnings, multiple flushes Believe Me Irene 5673830 $ 250,000 Valient hero Financial Leverage 280,992 in earnings, 7 foals registered so far out of high end studs, All I have found are 2 of 4 2022 colts sold, 75k and 95k, multiple flushes Ynot The Favorite 5942455 $ 75,000 Favorite Cartel Ynot Bar 30,800 in earnings,dam won 136,408 FG Jess Paintin Thru 5892921 $ 75,000 PYC Paint Your Wagon Jess Walking Thru 80 speed index, 4/1,0,1 for $4,380 - good at 75k due to maternal side is producing Magic Eagle Lady $ 5972943 30,000 One Famous Eagle Thewayyouwant metoo 2 starts, $314 - great pedigree but si of 58 Great Stategy $ 5988874 75,000 Favorite Cartel Ynot Bar 4/1,1,0 $15,198 Katie Kartel $ 5989130 75,000 Favorite Cartel Katie Katella 4/0,0,0 - $330 FG Jess Jess at track $ 300,000 Jess Good Candy Jess Walking Thru 1 start, 16 k in earnings, got a lot of winning to do for 400 k - betting on the come but has huge potential So So Beautiful at track $ 150,000 Favorite Cartel Remember Me Rose full brother to Cyber Monday, but race record doesn't support extreme value yet @ 4/0,1,1 $2,165 highest si of 72 Flash N Fling $ 5919648 22,500 A Streak of Fling Vanillas Sudden Fame Original purchase price of 17k at Breeder's Dynasty sale, haven't found her in any results Horse Name Reg # Appraise d Value Sire Dam Notes 2013 model, $100,771 on 28/7,5,3 , but has she produced a runner yet to justify over 100k+? $ Strength in 100,000 Good Reason Numbers 5572679 Love to Reason BR RSI won $759, Sister's mother, not PB or RB eligible, but is Royal $ Dash Ta Royal Crown/ BC, export eligible Royal Sissy Irish Dash Ta Fame 450,000 5982341 Sissy Impressive record 10/4,1,2 @ $170,511; dam won 9600, Paint me Anywhere Tres Seis $ 200,000 5874984 Paint Me Tres Broodmare value reflected, $0 Red Line Fever by special $ earnings leader TGBL 25,000 6148684 MJ Lanes Leader 12/6,2,1 @ $132,313 - Recip Im Quick Say Bye Bye Freighttrain B $ 75,000 5704541 BS Special

 
 

dam won 20k, where’s the extra value coming from? Is she barrel trained? I haven’t found the Corona $ Perfecta Ta Fame earnings to prove Dash Ta Fame Perfection 50,000 5866708 JQM $ dam went 18/6,3,4 @167,640 Dash Ta Fame Tres of Linda 50,000 5909015 Dash ta Linda Miss racy eyes x $ Miss Racy 5/0,0,0 @ $1,925, dam won 133k Tres Seis Mr. Eye opener 40,000 5934474 Reagan 2013 model, LTE $117, dam won Marys Mi Fame, $ 9k, Firewater Flit by DTF 15,000 5550917 Cachaca LTE $392 on 3 starts, dam won PYC Paint Your Jess Jets, by $ 12k, where's the value? Wagon Mr. Jess Perry 20,000 5970117 Wagon Dream Dash Ta $ LTE $00 Tres Seis Paisley, by DTF 40,000 6034712 Tres Me A Paisley 3/1,0,0 @ $3,090; dam has no earnings, too young for offspring to My Famous $ perform… Corona Cartel Lady 30,000 5975760 Ladys Like Corona A tiny bit more Frenchmans by Strawfly $ LTE $00, dam won $6,182 Guy Special 20,000 6011400 A Girlz First Rose French Bar Belle by Frenchmans $ Dash Ta Fame guy 50,000 5964971 Mistafy Martini - Morning Traffic by Frenchmans $ NFR dam, producer Tres Seis Guy 150,000 6025391 Seis Martinis Runaway $ CT Extreme dam won 9k on 8 starts Roarrr Preslee 22,500 6013880 Speed $ CT Roarrring dam won 600 on 2 starts Roarrr Oceans Lullaby 20,000 6032560 Waves Buhbye by Roarrr TGBL $ 15,000 6051204 CT Roarrring Buhbye $ CT Roarrring Roarrr Oceans Lullaby 20,000 6032561 Lullaby $ Carters Cartel BS Special 15,000 6199581 CT Special Cartel Perfecta Ta $ Traffic Guy Fame - 00 12,000 6147551 CT Traffic Jam VF Red $ CT Traffic Dam went 15/4,3,1 for $128,518 Traffic Guy Surprise - 128k 17,500 6146518 Surprise Perfecta Ta $ Traffic Guy Fame - 00 12,000 6156916 CT Perfecta Love Ta $ CT Loving Traffic Traffic Guy Reason - 100k 15,000 6190528 filly Perfecta Ta $ CT Traffic Ta Traffic Guy Fame - 00 12,000 6149268 Fame BC Sassy Dash - $ Dam LTE $00 Roarrr 00 7,500 6156750 CT Sassy Traffic Prada Prada $ Dam went 3/0,1,0 for $3,730 Traffic Guy Prada - 3k 7,500 pending Prada Filly

 
 

11 Dam went 15/4,5,2 for $24,375 Sarah Sota - 24k Traffic Guy $ 10,000 6145193 CT Lost In Traffic Dam went 2/0,1,0 for $3,068 CR Fancy Chic - 3k Traffic Guy $ 7,500 6136619 CT A Fancy Guy TGBL Dam has Barrel earnings Goodbye Gidget Traffic Guy $ 15,000 6214213 CT Gidget FDD Dam went 6/3,1,1 for $134,745 Budder Think Twice - 134k Traffic Guy $ 17,500 6149270 Twice the Traffic Dam went 7/3,0,1 for $22,689 KVN Little Sister - 22k Roarrr $ 15,000 6154846 CT Roarrrin Sis Dam went 4/2,0,1 for $15,885 Our Genuine Delight - 15k Traffic Guy $ 12,500 6145936 CT Delight Dam not found under any viariation of spelling Sealy Roarrr $ 10,000 6206535 CT Roarrring Ta Fame Dash Ta Linda - 00 Traffic Guy $ 15,000 6145934 CT Dashin Traffic dam won 5420 on 6 starts Lady Perry - 5k Roarrr $ 15,000 6154845 Ladys Roarrr dam won 188k on 25 starts Aquafina - 188k Traffic Guy $ 20,000 6145935 CT Fina Love Ta Reason - 100k Roarrr $ 17,500 6190529 Roarrren Sub - total of Appraised Values $3,448,500.00

 
 

12 2022 Yearlings Dam Sire Appraised Value Reg # Horse Name Sara Sota - 24k French Empire $ 5,000 pending Sara Sota x FE Flash N Fling - 00 French Empire $ 4,500 6200051 CT Empire, roan colt Tres Me A Paisley - 00 French Empire $ 4,500 6205451 CT Flashy Empire Love Ta Reason SA - 100k KVN Corona $ 30,000 6196519 CT Love Corona Love Ta Reason SA - 100k French Empire $ 15,000 6190686 CT Shes An Empire BS Special - 132k French Empire $ 15,000 6212086 CT Empress Dash Ta Linda - 00 Traffic Guy $ 7,500 6206860 CT A Dash Of Linda Dash Ta Linda - 00 French Empire $ 4,500 pending Dash ta Linda x FE Tres Me A Paisley - 00 French Empire $ 4,500 6200581 CT Paisleys Empire Mistafy - 00 The Goodbye Lane $ 35,000 6206493 CT Misty Goodbye Carmelita Jeter by DTF - 00 Traffic Guy $ 7,500 6202794 CT Jeter TGBL mare jarvis French Empire $ 9,000 6202793 CT French Goodbye Sub - total of Appraised Values $142,000.00 2022 Race Yearlings Dam Sire Appraised Value Reg # Horse Name Believe Me Irene One Famous Eagle $ 60,000 6202699 Believe Me Famous Jess Walking Thru Corona Cartel $ 100,000 6203139 Jess Thru A Cartel Believe Me Irene Mr Jess Perry $ 75,000 6202698 Believe Me Perry Jess Walking Thru Favorite Cartel $ 100,000 6188931 CT Walking Thru Believe Me Irene Tres Sies $ 60,000 6202829 CT Believe Me Tres Sub - total of Appraised Values $395,000.00

 
 

2023 Foals Dam Sire Appraised Value Reg # Horse Name MP My Paint Me Tres Goodbye Stings $ 30,000 pending Paint Me Tres X Gus Mistafy Roarrr $ 15,000 pending Mistafy X Roarrr A Girls First Rose MP My Goodbye Stings $ 15,000 pending A Girls First Rose X Gus Love Ta Reason Roarrr $ 15,000 pending Love Ta Reason X Roarrr Jess Painting MP My Thru Goodbye Stings $ 35,000 pending Jess Painting Thru X Gus Wagon Dream French Empire $ 5,500 pending Wagon Dream X FE Jess Painting Jess Painting Thru X Thru French Empire $ 25,000 pending Frenchy MP My Wagon Dream Goodbye Stings $ 15,000 pending Wagon Dream X Gus MP My Seis Martinis Goodbye Stings $ 20,000 pending Martini X Gus MP My Seis Martinis Goodbye Stings $ 20,000 pending Martini X Gus Believe Me Irene French Empire $ 25,000 pending Believe Me Irene X Frenchy Ladys Like MP My Corona Goodbye Stings $ 15,000 pending Ladys Like Corona X Gus Jess Walkin MP My Thru Goodbye Stings $ 40,000 pending Jess Walkin Thru X Gus MP My Berri Goodbye Stings $ 15,000 pending Berri X Gus Jess Painting Jess Painting Thru X Thru French Empire $ 30,000 pending Frenchy Tres Me A MP My Paisley Goodbye Stings $ 15,000 pending Paisley X Gus Paint Me Tres Traffic Guy $ 8,500 pending Paint Me Tres X Traffic Flash N Fling Roarrr $ 12,500 pending Flash N Fling X Roarrr Jess Walkin Thru KVN Corona $ 65,000 pending Jess Walkin Thru X KVN Perfecta Ta Fame Roarrr $ 17,500 pending Perfecta Ta Fame X Roarrr Believe Me Irene KVN Corona $ 60,000 pending Believe Me Irene X KVN Wagon Dream Traffic Guy $ 7,500 pending Wagon Dream X Traffic Miss Racey Reagan MP My Goodbye Stings $ 12,500 pending Miss Racey Reagan X Gus

 
 

Perfecta Ta Fame MP My Goodbye Stings $ 15,000 pending Perfecta Ta Fame X Gus Paint Me Tres MP My Goodbye Stings $ 25,000 pending Paint Me Tres X Gus Believe Me Irene French Empire $ 25,000 pending Believe Me Irene X Frenchy Believe Me Irene Tres Seis $ 75,000 pending Believe Me Irene X Tres Sies Sub - total of Appraised Values $689,000.00 14

 
 

2024 In - Utero Foals Dam Sire Appraised Value Jess Walkin Thru Valiant Hero $ 17,000 Jess Walkin Thru Valiant Hero $ 17,000 Jess Walkin Thru Cyber Monday $ 10,000 Jess Walkin Thru Dulce Sin Tacha $ 9,000 Jess Walkin Thru Apollitical Jess $ 52,000 Believe Me Irene French Empire $ 5,000 Believe Me Irene Corona Cartel $ 50,000 Believe Me Irene Dulce Sin Tacha $ 9,000 Believe Me Irene Apollitical Jess $ 50,000 So So Beautiful French Empire $ 5,000 So So Beautiful Apollitical Jess $ 50,000 Paint Me A Tres Cyber Monday $ 10,000 Paint Me A Tres Jess Good Candy $ 18,000 Paint Me A Tres MP My Goodbye Stings $ 5,000 BS Special French Emire $ 3,750 BS Special MP My Goodbye Stings $ 3,750 Dash Ta Royal Sissy French Empire $ 2,750 Dash Ta Royal Sissy MP My Goodbye Stings $ 5,000 Seis Martinis French Empire $ 2,750 Seis Martinis MP My Goodbye Stings $ 5,000 Magic Eagle Lady MP My Goodbye Stings $ 5,000 A Girlz First Rose MP My Goodbye Stings $ 5,000 Ladys Like Corona MP My Goodbye Stings $ 5,000 FG Just Paintin Thru MP My Goodbye Stings $ 5,000 Dash Ta Linda French Empire $ 2,750 Flash N Fling French Empire $ 2,750 Great Strategy Traffic Guy $ 3,750 Mistafy MP My Goodbye Stings $ 5,000 MJ Lanes Leader MS Trucoseix $ 2,750

 
 

16 MJ Lovers Lane Roarrr $ 3,750 Perfecta Ta Fame French Empire $ 2,250 Wagon Dream MP My Goodbye Stings $ 5,000 Ynot the Favorite MS Trucoseix $ 2,250 Katie Cartel Traffic Guy $ 3,750 Sub - total of Appraised Values $384,000.00

 
 

APPRAISER'S CERTIFICATION I certify that, to the best of my knowledge and belief: * The statements of fact contained in this report are true and correct. * The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, impartial, unbiased, professional analyses, opinions, and conclusions. * I have no present or prospective interest in the property that is the subject of this report, and I have no personal interest with respect to the parties involved. * I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. * My compensation is not contingent upon the development, or reporting, of a predetermined value, or direction in value, that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. * My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. * I have not made a personal inspection of the property that is the subject of this report, unless noted otherwise. * Kelly Conrado provided professional assistance to the person signing this report. * This appraisal report is confidential and may not be copied or used for any purpose other than that, which is stated herein, or by any person or persons other than the client and those expressly authorized herein, without my prior, written consent. If this report is copied, reproduced, or used in any manner, it must be done so in its entirety including the Letter of Transmittal and any attachments. No change to any item in this appraisal report shall be made by anyone other than myself. 5/10/2023 Hunter Cure Cure Appraisal Date 17

 
 

QUALIFICATIONS OF THE APPRAISER HUNTER CURE Background and Experience While growing up I was exposed to a diverse farming and ranching operation in North Texas. I have also had several business ventures in the agriculture field including: Wheat Farming Stocker cattle Mexican Cattle Cow/calf operation Registered cattle Performance Horses Horse breeding Education Bachelors of Science in Agriculture Economics from Texas Tech University in Lubbock, TX. Courses Attended Completed and passed “Principals in Valuations” a 35 - hour course offered by the American Society of Agricultural Appraisers in Twin Falls, ID. Also took six credit hours of real estate appraisal courses while at Texas Tech University. Professional Memberships American Society of Agriculture Appraisers, International Society of Livestock Appraisers, American Society of Equine Appraisers, American Society of Farm Equipment Appraisers 18

 
 

19 Comparable Sales Comparable Sales Data is compiled in spreadsheet form within the links below from very recent sales. These are the most current numbers to base these younger horses’ values. Obviously, they aren’t same as a car that comes off the assembly line, but it helps shed some light on what demand level some of the stallions are being sought after. https:// www.heritageplace.com/wp - content/uploads/2022/04/HPWNMX2023 - 1 - 960.pdf https:// www.heritageplace.com/wp - content/uploads/2022/04/QHY - 1 - 698.pdf https://cdn.pinkbuckle.com/production/page_contents/1665531678_pink - buckle - sales - oct - 7 - 2022 - results - totals.pdf https:// www.raceruidoso.com/s/Results - Hip - 1 - thru - Hip - 443 - 2021 - Select - Quarter - Horse - Yearling - Sale.xls