Back to Pedigree Query
It is currently Mon Dec 11, 2017 8:29 am

All times are UTC - 8 hours [ DST ]




Post new topic Reply to topic  [ 2 posts ] 
Author Message
 Post subject: Not Sold vs. No Bid
PostPosted: Fri Apr 23, 2010 9:29 am 
Offline
Yearling

Joined: Sun Aug 10, 2008 3:32 pm
Posts: 56
Location: Castroville, Texas
I have a question for those with more than my (zero) sales experience. Specifically with the Fasig Tipton yearling sales, how can I tell the difference between:

a) Not sold due to the consignor having the last bid

b) Not sold due to not getting any bids

Obviously I am talking about horses who's final listed price is at the minimum for that sale. I am more familliar with the format that uses the term repurchased instead of not sold.

I am looking at the last few years of Fasig Tipton Texas Summer Yearling results and trying to grasp how many horses just didn't get a bid. Am I missing something such as the owner purchased horses actually being listed as sold, but to the owner?

Thanks in advance!

_________________
Ahr Farms- Standing at Stud Justice Minister (Deputy Minister x Double the Charm by Nodouble)


Top
 Profile  
 
 Post subject:
PostPosted: Mon Apr 26, 2010 2:04 pm 
Offline
Starters Handicap

Joined: Sun Aug 27, 2006 5:35 am
Posts: 679
M S---- RUBIANO PAYLINE HORSE OF COURSE AGENT FOR --- EQUINE INC. NOT SOLD ($1,000)

This is an example from the FTTEX December sale. I think you could assume this is a no bid. 1000 is the minimum upset price at that particular sale. Had the consignor had a higher reserve and someone placed a bid at 1000, the auction company would have kicked in the next bid at "1500". But, because it says Not Sold (1000), its a good assumption that either
a) the seller placed no prior reserve and then bid 1000 and let it hang there and then signed the ticket as an RNA (which really is the same as a no bid), or,
b) there really was no bid.


Different houses report differently, some actually report NO BID. I think OBS does it that way.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 2 posts ] 

All times are UTC - 8 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 3 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group