Recession impact on Futurity auction - WFXG FOX 54 - News Now

Recession impact on Futurity auction


The Augusta Futurity wrapped up its weeklong event at the James Brown Arena on Saturday. Final events included a horse auction which saw a decline in attendees this year.

Curtis Chester looks forward to the Augusta Futurity every year, especially the horse auction. This is the second year in a row he has not left empty handed.

"We just bought a Little Trona Mare, a real nice cutting mare," said Chester.  

Chester and his wife bought a horse last year at the auction and are proud to take home one more.

"We will take her home and play on her a little bit and see what she can do, hopefully come back down here next year with her," said Chester.  

Augusta Futurity continues to bring back loyal visitors from 30 different states and considered to have the second largest economic impact on Augusta following the Masters.

However, According to Futurity Chairman Billy Morris, this year's impact may not be as significant.

"We're down slightly but the whole horse industry is down because of the recession," said Chairman Morris.

One buyer shared with FOX54 the difference in the auction from years past.

"It's not as crowded as what it has been," said Kip Davis.

Fewer crowds means less people were there to buy.

"It's certainly affected the horse business, people don't have as much discretionary income," said Mark Herron, advertising manager at Cutting Horse magazine.  

Chairman Morris says there is nothing to worry about because the Futurity will be here again next year.

Those that were buying are already making plans for 2014.

"I'm going to take him home and try to bring him back next year," said Davis.  

About 70 horses were up for sale.  Buyers are eligible to bring their horse back in four years to compete in the 2018 Augusta Futurity.

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