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Originally Posted by Linny
A quick logistical question re: seeling at F-T July.
When does the seller have to commit to a "reserve" price? Is it at nomination or far later in the process?
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Far later. The seller can set an RNA up to very late (as long as the RNA price gets to the auction stand). However, it doesn't matter -- the seller can bid or "protect" the horse to any price he/she wants.
Eric