Auctions

[Grits]

There is a reserve placed on most all horses entering the ring. But not each and every one.

At the sales, when you read "RNA", in the day's sales results, this stands for Reserved Not Attained.

Be assured the house will get their percentage, if the horse is on the sales ground, even when or if the sell is worked out privately, probably before going through the ring.

The exact percentage that Keeneland, Fasig Tipton, etc get can better be explained by someone such as Cannon.

Originally Posted by jpops757

Are all horses that are entered for sale at auction entered with a reserve or min. price? I they are not can a seller refuse the bid? Is the fee for entering a set fee or is it based on the $$$$$$ bid. If a horse dosent make its reserve or is not sold is there also a fee and what is that fee based on?These might seem like stupid questions but this old dummy would like to know.