Quick Question about sales summery

Talk about upcoming sales or auction results.

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mehile
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Quick Question about sales summery

Postby mehile » Wed Jan 12, 2011 12:26 pm

Does *R.N.A. (0) on a sales results summery mean the horse didn't receive a bid?

scrappyt
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Postby scrappyt » Wed Jan 12, 2011 12:33 pm

Yes, that means no bid.

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mehile
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Postby mehile » Wed Jan 12, 2011 1:16 pm

Thanks :)

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

Brogan
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Re: Quick Question about sales summery

Postby Brogan » Thu Jan 13, 2011 7:08 am

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.

LB
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Re: Quick Question about sales summery

Postby LB » Thu Jan 13, 2011 7:20 am

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).

Brogan
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Postby Brogan » Thu Jan 13, 2011 12:08 pm

My bad...I zoomed in on the RNA and didn't look at the "(0)"