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Horse auction question

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Jump to page : 		Last activity 2013-11-29 9:00 AM
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BabyJ
Reg. Aug 2013
Posted 2013-11-29 8:47 AM
Subject: Horse auction question



Veteran


Posts: 173
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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!
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LRQHS
Reg. Nov 2011
Posted 2013-11-29 9:00 AM
Subject: RE: Horse auction question


Military family

Shipwrecked and Flat Out Zapped


Posts: 16390
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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.  
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