Palomino Filly in Keeneland

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TrueColours
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Postby TrueColours » Sat Jan 17, 2009 5:22 pm

Here you go reedhill ...


http://auctions.bloodhorse.com/article/48844.htm

White Prince, whose $60,000 price topped the fifth session of the Keeneland January horses of all ages auction in Lexington Jan. 16, did not go to a new home. The transaction was voided because the buyer had not established credit at the level at which the white yearling colt was sold, according to Keeneland vice president Harvie Wilkinson.

White Prince’s breeder, Warren Rosenthal, “very graciously agreed” to take back the colt to settle the matter, Wilkinson said Jan. 17.


I am curious now ... if Mr Rosenthal hadnt "very graciously" agreed to take the colt back - then what would have happened??? :? What are the repercussions of bidding on and buying, something you didnt have the credit to pay for and then having it go back???
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TrueColours
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Postby TrueColours » Sat Jan 17, 2009 5:39 pm

And an article and picture on the Splash of Vanilla filly as well:

http://news.bloodhorse.com/article/4884 ... source=rss

Pretty pretty filly - hopefully they will give her every chance to be a nice race horse as well ... :)
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Postby reedhill » Sat Jan 17, 2009 8:11 pm

That photo of Vanilla selling was her best yet! I love buyers that have the b___s to buy based on their own likes, and don't worry about what the general "scene" is turned on or off by. The racing community will continue to see more color OTT in the future. In a depressed economy it says a lot when people are ready to "step out of the box" and try something new, and actually enjoy it. Personally, my goal is to learn as much from the racing industry and you all, and get the best possible winning mares (not just for jumping and dressage) with strong dam lines and winning progeny, so our young colored stallions have the best get, not just for the show ring, but to be in the winners circle too! How fun would it be if all the top "crust" TB owners threw a few thousand down on the table, bought a colored colt or filly, put it through their top training, ran it, kept it, bred it to a hand full of their top "crust" stallions or mares and had a little fun in their barns. At least it would make for fun conversation at all those prestigious get-to-gethers now wouldn't it!

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Postby color » Sat Jan 17, 2009 11:03 pm

This also shows how very important it is to have good pictures of a horse. The former pictures really did not do this lovely filly any justice. I hope she will do well on the track and in her future life. And she is the first dilute that sold for quite a respectable amount of money as a lot of these horses in that sale were very very cheap and I hope they found a nice home and do not go to a bad future.
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Postby KBEquine » Sun Jan 18, 2009 7:07 am

TrueColours wrote:
White Prince, whose $60,000 price topped the fifth session of the Keeneland January horses of all ages auction in Lexington Jan. 16, did not go to a new home. The transaction was voided because the buyer had not established credit at the level at which the white yearling colt was sold, according to Keeneland vice president Harvie Wilkinson.

White Prince’s breeder, Warren Rosenthal, “very graciously agreed” to take back the colt to settle the matter, Wilkinson said Jan. 17.


I am curious now ... if Mr Rosenthal hadnt "very graciously" agreed to take the colt back - then what would have happened??? :? What are the repercussions of bidding on and buying, something you didnt have the credit to pay for and then having it go back???


I think something similar happened a year or so ago. They try to find the underbidder or other interested parties, see if he/she/they are interested & if the underbidder, will they pay their final bid & then the auction makes up the difference to the seller.

That's at the big auctions. At the smaller ones . . . seller beware.

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Postby reedhill » Sun Jan 18, 2009 7:29 am

I think something similar happened a year or so ago. They try to find the underbidder or other interested parties, see if he/she/they are interested & if the underbidder, will they pay their final bid & then the auction makes up the difference to the seller. That's at the big auctions. At the smaller ones . . . seller beware.

If it was a written contract on Keeneland's forms, and the required "buyers" had to sign it before bidding (or else they didn't get to bid), the "seller" should have the right to go pick out the same amount of value of horses off the farm of the "buyer" if the "buyer" had no provable intentions of "making his/her bid right" immediately after the sale.

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summerhorse
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Postby summerhorse » Wed Jan 21, 2009 4:26 pm

I think if the owner had not been gracious Keeneland would be the proud owner of a white colt. Which they would then sell to SOMEone... This has happened before and the owners were not gracious as I sort of recall. If I were the underbidder I'd have called the owner and made an offer privately. But maybe there wasn't a "live" underbidder???
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Postby Tonno100 » Thu Jan 22, 2009 2:40 am

The palomino filly is actually a pretty enough filly, probably worth plenty enough as a show prospect.

The white colt is, frankly, hideous - what a hammerhead.