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Originally Posted by Rupert Pupkin
If you are a seller and you put a reserve on a horse, you don't need to bid. The sales company will actually bid against buyers until the reserve is met. So if you are a buyer and you are bidding, sometimes you aren't even bidding against anyone. You are just bidding against the sales company, but you won't know it at the time. They are bidding against you and you think you are bidding aginst another buyer but you are not.
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I take that to mean an "Agent" can be acting on behalf of the seller for one horse and as a buyer's agent on another horse. If so, I do not see how anyone with any good sense would put themselves in that position.