Posted 2013-11-29 8:47 AM Subject: Horse auction question
Veteran
Posts: 173 Location: Somewhere over the rainbow
I was dreaming in the 2013 BFA catalog and reviewing last years results. I noticed that many folks buy Bach their horse. I assume this is when the reserve is not met but they post repurchase prices in the catalog. Is this the actual last bid or do the sellers literally buy their horse back? Thanks all!
Posted 2013-11-29 9:00 AM Subject: RE: Horse auction question
Shipwrecked and Flat Out Zapped
Posts: 16390 Location: DUMPING CATS AND PIGS IN TEXAS :)
It's the last bid. The seller has to pay the % of that price agreed upon in the contract when the horse is consigned. There is generally a minimum set amount, like $100 or the percentage of the final price, whichever is greater. The seller, also, pays "X" amount of dollars to consign the horse.
Horse auction question
