At Keeneland, when you set the reserve, Keeneland asks you whether you want the bidding to stop one higher than the last live bid (if below your reserve) or do you want the auctioneers to run it all the way up to your reserve.
I am not sure how Fasig-Tipton does it because the only times I've set reserves, my consignor did the coordination with the sales company.
Fasig Tipton Sept/Oct Timonium Yearling Sale
Moderators: Roguelet, WaveMaster, madelyn
With Fasig-Tipton, you have the option to have the auctioneer run it "all the way" to the reserve, meaning the next bid buys the horse, or you can just put on your reserve with no bidding on the auctioneer's part. You pay commission on the last bid, regardless of who is doing the bidding.
Quite a few of those reported as RNA's at $1,000 were no bids, by the way. There were a LOT of them at Timonium.
Quite a few of those reported as RNA's at $1,000 were no bids, by the way. There were a LOT of them at Timonium.
There were a lot of no bids. But Fasig Tipton didn't honor the "all the way" request, at least for some horses through the ring at Timonium. At least they didn't with one of ours - it might have been a mis-communication between the office & the auctioneers, though. And it couldn't have been an easy sale for them, either.
Merse - I saw your colt after he sold, when he was leaving the sale grounds. He was quite lovely. Had the day gone a bit better for us, we might have bid on him . . . and I can't tell you how many times we heard THAT from other consignors there!
Merse - I saw your colt after he sold, when he was leaving the sale grounds. He was quite lovely. Had the day gone a bit better for us, we might have bid on him . . . and I can't tell you how many times we heard THAT from other consignors there!
Merse - I saw your colt after he sold, when he was leaving the sale grounds. He was quite lovely. Had the day gone a bit better for us, we might have bid on him . . . and I can't tell you how many times we heard THAT from other consignors there!
Thanks. It was a rough day for all of us. The only consolation is that he will apparently be running at Charles Town which means we'll get to see him run. The last three yearlings I've sold have all gone out of the country.
-
doublete
- Allowance Winner
- Posts: 445
- Joined: Thu Sep 16, 2004 7:34 pm
- Location: Sandy Spring, MD
- Contact:
I just wanted to make a few comments because I watched the bidding and wrote down what most horses went for, and if they got no bid I wrote that.
A lot of the ones marked not sold ($1000) were no bids. There is no way to tell what the reserve was on any horse, because they do not bid up to it. One of the fillies we picked up privately got a bid up to $2500 and was not sold, but her reserve per the consignor was $9000.
I did speak to many consignors who said their horses were there to sell, which is why $1000 was able to take quite a few of them. I would have to agree with some of the posters that the few that went for over $100,000 could NOT have been the ONLY good looking specimens. And to be honest, most of the pages were very good. It was just the market has affected the sales, plain and simple.
A lot of the ones marked not sold ($1000) were no bids. There is no way to tell what the reserve was on any horse, because they do not bid up to it. One of the fillies we picked up privately got a bid up to $2500 and was not sold, but her reserve per the consignor was $9000.
I did speak to many consignors who said their horses were there to sell, which is why $1000 was able to take quite a few of them. I would have to agree with some of the posters that the few that went for over $100,000 could NOT have been the ONLY good looking specimens. And to be honest, most of the pages were very good. It was just the market has affected the sales, plain and simple.
Racing and retraining.
I attribute the declines in the middle and lower end of the Timonium market to the economy.
But at the top, the money was there for the $100,000 horse. There just weren't enough horses worth $100,000.
27 horses sold for $100,000 or more at this sale last year. It was down to ten this year. I think a drop in the quality of offerings was the primary reason.
But at the top, the money was there for the $100,000 horse. There just weren't enough horses worth $100,000.
27 horses sold for $100,000 or more at this sale last year. It was down to ten this year. I think a drop in the quality of offerings was the primary reason.