kickbacks alleged in suit

[Rupert Pupkin]

Originally Posted by Danzig188

sounds kinda crappy!! ....of course you'd think most breeders wouldn't set an unrealistic reserve price, as they don't want to take horses home--not good for future business.
thanks for putting that up there, good to know--and i don't think anyone can ever know too much.

At 2 year old sales, often times the seller is not the breeder. The seller is often times a pinhooker who bought the horse as a yearling. If they paid $120,000 for the horse and are into the horse for $140,000, they will probably put a reserve on the horse for $160,000 or so. It depends on the situation. If the horse worked an 1/8th in :10 1/5 and looked great doing it, they may put a $400,000 reserve on the horse. But if the horse just worked mediocre, they will probably put a reserve of about $160,000 on the horse so that they will make a small profit.