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