Fasig-Tipton July sale

[ELA]

Originally Posted by VOL JACK

Yeah, bids were made on all of the horses. But who were placing the bids.???

The million dollar question! Or in this case the $10,000 question? LOL.

Whenever I try and buy a horse that went RNA -- the mystery is always "where was the last live bid"

I had one in the Keeneland sale and I am telling you, there was one live bid other than my own from $45k all the way to $65k. I was very thankful there was at least one buyer there. Of course it can be a totally different story when there is no live bid. A seller, consignor, anyone can bid it up themselves to create the after-sale market.

Bottom line -- I think below $100k, this market will take a major hit.

Eric