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Quick Question about sales summery

Posted: Wed Jan 12, 2011 12:26 pm
by mehile
Does *R.N.A. (0) on a sales results summery mean the horse didn't receive a bid?

Posted: Wed Jan 12, 2011 12:33 pm
by scrappyt
Yes, that means no bid.

Posted: Wed Jan 12, 2011 1:16 pm
by mehile
Thanks :)

That was my assumption but wanted to make sure I wasn't off base.

Re: Quick Question about sales summery

Posted: Thu Jan 13, 2011 7:08 am
by Brogan
mehile wrote:Does *R.N.A. (0) on a sales results summery mean the horse didn't receive a bid?

It really means "reserve not attained." Rather than not receiving a bid, it means the horse didn't receive a bid at least in an amount equal to the reserve set by the consignor.

Re: Quick Question about sales summery

Posted: Thu Jan 13, 2011 7:20 am
by LB
Brogan wrote:
mehile wrote:Does *R.N.A. (0) on a sales results summery mean the horse didn't receive a bid?

It really means "reserve not attained." Rather than not receiving a bid, it means the horse didn't receive a bid at least in an amount equal to the reserve set by the consignor.


No, it doesn't.

The minimum bid at Keeneland is $1,000. When it says (0) on the summary it means that there were no bids at all when the horse was in the ring.

If the reserve is not met, the notation includes the amount of the reserve in parenthesis, e.g. R.N.A (10,000).

Posted: Thu Jan 13, 2011 12:08 pm
by Brogan
My bad...I zoomed in on the RNA and didn't look at the "(0)"