Lexington Sale Lawsuit

[truthisgrey]

Amazing that it’s taken this long for this to happen:
https://www.thoroughbreddailynews.com/suit-alleges-standardbred-auctioneer-failed-to-notice-45k-reserve-then-reopened-bidding-after-hammer-fell-at-15k/

[Trigger]

Amazing that it’s taken this long for this to happen:
https://www.thoroughbreddailynews.com/suit-alleges-standardbred-auctioneer-failed-to-notice-45k-reserve-then-reopened-bidding-after-hammer-fell-at-15k/

Professional auction companies, auctioneers typically have insurance.  The part of the policy that covers this instance is called E & O (Errors and Omissions).

They screwed the seller, the minimum price was $45k they were willing to accept.  Hammer down at $15k by accident, and lot of other errors at that auction too.  Not sure even if the seller signed a no hold liable, I imagine the judge would toss.

My Bet - The auction company will be ordered to pay if insurance doesn't.  Shocking they don't take responsibility and force the seller to take them to court, just apologize and pay, it's your rep.

Then again it's harness racing, corruption is rewarded!   

[jupiter]

Just pay it, it's not worth the bad publicity. Ya fucked up, just admit it.

[Stan durbread]

So how do you prove that neither the auctioneer or spotters had recognized a bid? The other bidder could have been in a different room,on the phone or online. I can guarantee that none of the bid spotters are going to testify against the auction company. And the owner suing is respected?  By who? He employs every dirtbag trainer that will take a horse for him.

[goblue]

This is disgusting and pathetic by the suing party.

The reserve was $45k. An honest mistake was made hammering the horse for $15k.

To believe it is your right to capitalize on this mistake and get the horse at an undeserving discount is greedy, selfish, and self-aggrandizing

I hope they win the lawsuit, get the horse, and the horse doesn't make a single penny for them. Misers.

[Trigger]

This is disgusting and pathetic by the suing party.

The reserve was $45k. An honest mistake was made hammering the horse for $15k.

To believe it is your right to capitalize on this mistake and get the horse at an undeserving discount is greedy, selfish, and self-aggrandizing

I hope they win the lawsuit, get the horse, and the horse doesn't make a single penny for them. Misers.

Was just a mistake?, auctioneer told one participant take as long as you want to make a bid.

That's a NO NO NO!

Calling it a mistake is giving them the auctioneer the benefit of the doubt.

The auction wasn't kosher.

Seller wasn't selling for $15k, not your money, if they don't want to be shorted....

Fucking crooked Harness racing!   

[Foalin at 4]

The horse is sold at the fall of the hammer to the man in the back! End of the story. The auction company will lose (unless this is heard before a democrat federal judge), but this is purely a state case. If the horse died leaving the auction block, the man in the back would have been on the hook.

[TICKIE TIME]

The Good Guy,that turned out to be not so good when this sale horses sire tested positive for flying testosterone. The case finally adjudicated. Holloway lost.I think Hot Lead found out they sold him a steroid stallion syndicate share and wants his money back. Why would this Val Dor back door and wait two months  to want the horse for free. The plot will untwist with ambulance chasing attorneys  and the not so good guy trainer. Who will get this sting from the "Perfect Sting?"

[mackdiver]

How about the sale company faking bids and walking the price to 44k? Happens all the time and is shady af