Here in OK at the monthly sale barn i go to, that horse MIGHT bring 100 bucks, 200 at the most but it would have to be a damn good looking horse to bring that at 4yo and not broke. Two months ago we got rid of two 11yo TB's that were sure enough broke for anyone to ride at $350 total. Which was OK because we paid only 100 for the pair. The horse market sucks right now and if it is not dead broke or a proven money earner you aren't going to get any money out of it, I dont care what the papers say.
What sale do you go to?