Buyers and sellers get ready for annual horse sale Lufkin's expo center

Buyers and sellers get ready for annual horse sale Lufkin's expo center

LUFKIN, TX (KTRE) - Buyers and sellers from across the world have made their way to Lufkin for the Mane Event Fall Consignment Sale.

A variety of horses will be put on up auction tomorrow at the George H. Henderson Expo Center.

East Texas News was at the arena Friday as sellers prepared for the big sale and found out what buyers can expect to see and buy at tomorrow's sale. On Saturday, the seats will be filled with buyers from all over the world placing their bids for the right horse.

Pedersen said many buyers will pay anywhere from $500 to $10,000 for one horse.

"Our average last month was $4,400, our highest seller was $12 or $14,000," said Mike Pederson, the owner of Havard Sales Management.

Hotels and restaurants will see increased activity, which means Lufkin's economy will also see the benefits from this horse sale.

"Normally we will have buyers from 12 or 13 states, we even have some from Mexico and have some from Venezuela," Pederson said.

The sale only takes place four times a year and according to Pedersen this is their smallest show, with only 160 horses up for auction.

However, it's the prices that brings sellers and buyers to this sale.

"It's better sometimes price wise than at a regular cow sale. In other words it is especially for horses and it's a pretty good market," Pederson said.

Pederson said they usually get high-quality horses.

"As far as the quality of the horses, we get cutters and ropers and reiners and good ranch horses," Pederson said.

Jarrod Singleton, is looking to sell his horses this weekend, and he said it's all about finding the right buyer.

"I just try to find a good match, a horse to fit each buyer. I mean, you know this horse here might not work for you, but it will work great for them," Singleton said. "It's trying to match one and one up to get two."

Organizers hope to see a successful weekend that will saddle up lots of money.

The demonstration starts at 9 a.m., and the sale starts at noon.

The event is open to the public, and for anyone interested in buying a horse, all you have to do is bring check, cash or a credit card.

Copyright 2014 KTRE. All rights reserved.