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Originally Posted by Danzig
probably bought ahead of time, and the auction just for show.
look at how many horses are bough back, reserve not achieved, and then they sell privately. often for less then they've been bought back for. i'm pretty sure it's because a deal was already in the works. hey, we'll sell to you for such and such, IF no one bids higher at auction. if they do, would the now jilted 'buyer' get part of that extra?
no doubt plenty of funny business behind the scenes. look at the green monkey story.
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But see, that's just it! Everyone talks around what happened with TGM and his $16 million tag, but never in any sort of way I can actually understand. What? What happened? Pleeeasssee someone tell meeeee....
In the first example you gave- people can actually do that? Offer up a horse that's been sold? Then what, the purchasing agent just makes sure to keep bidding so that the people who bought the horse prior to the auction appear to win the the auction as well? Why don't they just pull the horse from the auction when the sale goes through?
I'm so very confused...