EL REY on ongait.com

[JIDGE]

That whole hidden reserve is such bullshit. Just put up the minimum you will take for the horse and that is where the auction starts. Why go through all the bullshit and then you end up being the highest bidder but it wasn't high enough so you don't get the horse. A complete waste of time.

Totally agree. I was interested in a mare last month -- was told no reserve, but something told me he was full of shit -- yep, they ended up buying her back. So glad I didn't make the calls and put the research in.

[JIDGE]

Normally, it’s $150 +4%, I believe.

That's what I was told.

[MIKE CAMPBELL]

Totally agree. I was interested in a mare last month -- was told no reserve, but something told me he was full of shit -- yep, they ended up buying her back. So glad I didn't make the calls and put the research in.

Correct. I've lost out on 3 horses where I was high bidder but didn't exceed the hidden reserve. It's a joke.

[Meadow Ford]

I have been both the bidder/buyer and/or the seller/consignor more times then I want to think about.
I can argue both ways about reserve bids.
What I do know is that in a private sale or an auction, I go in with a set price. I don't care where the other bids come from. If there is a reserve bid, that is fine with me.
I would rather there be a reserve bid, then to have the consignor say "Sell the worthless POS for whatever".
If the reserve bid is over my set price, then so be it. I got out bid.

[Mailbox Money]

I was told that some horses don't even make it to the listing phase before a sale is agreed upon! The Ole "I got a guy" convo takes place!

[MIKE CAMPBELL]

I have been both the bidder/buyer and/or the seller/consignor more times then I want to think about.
I can argue both ways about reserve bids.
What I do know is that in a private sale or an auction, I go in with a set price. I don't care where the other bids come from. If there is a reserve bid, that is fine with me.
I would rather there be a reserve bid, then to have the consignor say "Sell the worthless POS for whatever".
If the reserve bid is over my set price, then so be it. I got out bid.

I think you missed the point. Why should I spend the time researching a horse, maybe traveling to inspect the horse, calling contacts that may know something about the horse when my maximum bankroll will not be enough to exceed this mysterious reserve. Why does it have to be a secret?

[Meadow Ford]

Correct. I've lost out on 3 horses where I was high bidder but didn't exceed the hidden reserve. It's a joke.

It is late and sometimes I just like to be a jerk.
Therefore
You were not the high bidder.
You were the under bidder.
The high bidder was the reserve bidder that went home with the horse.
I know I am a critical old horse trainer.

[Meadow Ford]

Why does it have to be a secret?

Simple
To get you/us started to bid in hopes you/us go beyond our set limit.
Sometimes it works sometimes not.

[dinkadoo]

Current Bid   $230,000

closes in less than 24 hours.

[brownmoose13]

Please correct me if I am wrong but to those why think this horse is a stallion prospect please tell me which sons of Captaintreacherou s have been a successful stud

[Brown jug]

a bit early to try to make a decision on that
 i believe the only son of his with any raced are the 2 year olds from captain crunch in 2023
 i believe captain midnight has yearlings for sale this fall standing in Indiana
i dont know of any sons of captaintreacherou s

[LAW AND ORDER]

That must me something new. Last horse I bought I never bid till 1 minute before end of sale. 2 more bids and horse was mine.

HEY DANA. HOW YOU BEEN?

[Generation XYZ]

Horse will bring 275 -300

[Brown jug]

seriously???
he is at $250 and the bidding doesn't really start until friday morning

[Generation XYZ]

seriously???
he is at $250 and the bidding doesn't really start until friday morning

I know, but do you really think he'll bring over 400K?