Half Ours wins

Couldn't see the race in the fog at all, but he wonin 1:10:4 to remain "undefeated".

[repent]

went for quite a bit of money at the NOV auction.

didnt one half of the parnership essentially just buy the other half out?
why go to auction just to do that?

or am I thinking of another horse?


Repent

You're thinking of the right horse. At public auction, anyone can essentially buy the horse, but it usually goes to one of the original owners since they're essentially only paying "half" of the final outcome of the sale.

Obviously, this is done when the two parties cant agree on a buy-out price and rely on the fair market value to determine it.

[Cannon Shell]

I'd rather have 1/2 of $6 million right about now

[repent]

Originally Posted by Balletto

You're thinking of the right horse. At public auction, anyone can essentially buy the horse, but it usually goes to one of the original owners since they're essentially only paying "half" of the final outcome of the sale.

Obviously, this is done when the two parties cant agree on a buy-out price and rely on the fair market value to determine it.

makes sense.
I just would have assumed they could have agreed upon something to save themselves the costs associated with going to auction.
but maybe those costs are not substantial.
I dont know anything about that.

thanks for the response.



Repent

[Sightseek]

Originally Posted by repent

makes sense.
I just would have assumed they could have agreed upon something to save themselves the costs associated with going to auction.
but maybe those costs are not substantial.
I dont know anything about that.

thanks for the response.



Repent

It's also a way for a stud farm to boost and help their own stallions in the yearling markets by entering into foal shares and buying said foal when he/she enters the ring.

[repent]

Originally Posted by Sightseek

It's also a way for a stud farm to boost and help their own stallions in the yearling markets by entering into foal shares and buying said foal when he/she enters the ring.

yeah but he went in the ring as a raced 2YO in November.

what you guys makes sense, I just found it odd that they went to auction when one half of the partnership was willing to buy out the other.
I dont know a lot about that part of the business, which is why I asked.


Repent