When you buy a mare in foal at an auction are all the stud frees paid for already?
Are Jockey Club papers given to you when you buy a horse at auction? Or they sent to you later on?
Auction Sales Questions???
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Hold Your Peace
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Re: Auction Sales Questions???
Slew83 wrote:When you buy a mare in foal at an auction are all the stud frees paid for already?
Are Jockey Club papers given to you when you buy a horse at auction? Or they sent to you later on?
Yes, stud fee is already paid on mares in an auction.
Papers (and stallion service certificate for in-foal mares) are turned over to you after the auction house is paid.
In addition -
While stud fees are paid, the "live foal guarantee" does not pass to you. If you're buying the mare & the foal is a bonus, not a problem. If you buy the mare FOR the foal & you want a guarantee, you need to buy insurance to cover.
Also, while everything Hold Your Peace is true at the better known sales, if you go to a local sale, make SURE all pertinent papers are in their office, before you buy. Just in case.
We bought a mare whose papers were NOT in the office, but there was a guarantee we'd get them. We got them after a few months, but could just as easily have ended up with a mare with no papers, which has happened to others at smaller sales.
While stud fees are paid, the "live foal guarantee" does not pass to you. If you're buying the mare & the foal is a bonus, not a problem. If you buy the mare FOR the foal & you want a guarantee, you need to buy insurance to cover.
Also, while everything Hold Your Peace is true at the better known sales, if you go to a local sale, make SURE all pertinent papers are in their office, before you buy. Just in case.
We bought a mare whose papers were NOT in the office, but there was a guarantee we'd get them. We got them after a few months, but could just as easily have ended up with a mare with no papers, which has happened to others at smaller sales.