Fasig-Tipton July sale

[Linny]

A quick logistical question re: seeling at F-T July.
When does the seller have to commit to a "reserve" price? Is it at nomination or far later in the process?

[ELA]

Originally Posted by Linny

A quick logistical question re: seeling at F-T July.
When does the seller have to commit to a "reserve" price? Is it at nomination or far later in the process?

Far later. The seller can set an RNA up to very late (as long as the RNA price gets to the auction stand). However, it doesn't matter -- the seller can bid or "protect" the horse to any price he/she wants.

Eric

[Linny]

Thanks Eric. I was wondering if a baby nominated early in the year might have had a reserve set at that time and as the economy has gotten worse, the reserve might seem high, but that appears not to be the case.

As I often see in the hunter/jumper world, it looks like many sellers are basing reserves on "what they have into the horse" than a reasonable reflection of the market as it stands TODAY.

[sumitas]

Maybe it was my imagination but I did think the internet pic of the high priced Unforgettable Max colt actually looked like a yearling as opposed to a 4 year old that we are used to seeing. It was refreshing to see a yearling actually look like the young kids they are. But again, it could be my perception was off.

But 22 buyers did request the post sale steroid tests so there could be some returns. And they should be made public if there is a positive, it seems.
http://news.bloodhorse.com/article/46167.htm