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Originally Posted by sumitas
Because Brockelbank was the underbidder on his own horse there needs to be an investigation surrounding this "sale." I don't think his arrogant quotes are anywhere near enough to put this to rest.
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There is nothing illegal about being the underbidder on your own horse. Half the time you are bidding at a sale, you are bidding against the owner. Other times you are bidding against the sales company. If the seller puts a reserve on the horse, then the sales company will bid against you until the reserve is met.
I know some buyers who don't like to ever bid on horses because they don't know if they are biddinag against real people or not. These buyers won't bid during the auction but will only buy horses who did not meet their reserve after the sale is over. That's actually not a bad strategy.
10-28-2006, 06:37 AM
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