Rachel Alexandra wrote:I think the sales company has a right to protect the buyer........
I think this is a misconception. The sales company is just an auction house. The sale company is paid by the seller. The buyer has the option to hire a knowledgeable buyer's agent to protect his interests. The buyer has the right, and access, to examine the animal prior to purchase. And the buyer has the RIGHT to just not bid.
The sales company will, I think, generally step in with efforts to protect the SELLER much more quickly than to protect a buyer. Note how they actually chased after that chap at F-T Saratoga last week.
http://www.bloodhorse.com:80/horse-raci ... n=20090819
In my opinion, the sales companies seem to try to give the IMPRESSION that they work for the buyer - hence the repositories. It is interesting to note that the sales companies now require "full disclosure" on a horse offered - ie: prior surgeries, physical deformities. Yet those disclosures, once they have been recorded in the repository, are not announced at the time of sale. So the buyer, if he or she is seriously interested, should hire a vet to head to the repository to find out about the hip number. I recall a pal who picked up a filly on a whim - she was wonderfully bred, looked nice in the ring, and was going for pennies. When he went back to see her after the sale, she had a TUMOR growing on her udder. Since he was most interested in her broodmare prospects, although she was a yearling at the time, he tried to cancel the sale. No way. I think the sales company pointed out that the tumor had been in the vet report in the repository, so he had access to prior knowledge about it before the filly went through the ring. He took her home and had the tumor removed. Unfortunately, her udder went with it and the thought of her broodmare prospects evaporated. So no, I would say that the sales companies do NOT protect the buyer.
So Run for the Roses, as fast as you can.....