dbtab 95 Report post Posted November 10, 2020 Bd on a horse last nite and it was passed in not reaching reserve with my bid being the highest.To my surprise it was sold to the bidder under me who went direct to owner and paid less than my bid.Rang Gavelhouse and they said bad luck nothing they can do about its this bullshit or what? Quote Share this post Link to post Share on other sites More sharing options...
nomates 3,564 Report post Posted November 10, 2020 21 minutes ago, dbtab said: Bd on a horse last nite and it was passed in not reaching reserve with my bid being the highest.To my surprise it was sold to the bidder under me who went direct to owner and paid less than my bid.Rang Gavelhouse and they said bad luck nothing they can do about its this bullshit or what? They normally ring the highest bidder first and give them first refusal , thats what i've seen in the past . You'll know next time , get straight on the phone . Quote Share this post Link to post Share on other sites More sharing options...
Ponderosa8 1,353 Report post Posted November 10, 2020 1 hour ago, dbtab said: Bd on a horse last nite and it was passed in not reaching reserve with my bid being the highest.To my surprise it was sold to the bidder under me who went direct to owner and paid less than my bid.Rang Gavelhouse and they said bad luck nothing they can do about its this bullshit or what? Geez that seems tough....was it a young one in which case you'll no doubt we watching its progress when it gets to the races?? Quote Share this post Link to post Share on other sites More sharing options...
Trump 2,741 Report post Posted November 10, 2020 Horse Auctions have been subject to lots of “goings on” for many many years. Whether you believe it or not, where there’s smoke there’s Blue Cod! Quote Share this post Link to post Share on other sites More sharing options...
Red Rum 1,833 Report post Posted November 10, 2020 4 hours ago, dbtab said: Bd on a horse last nite and it was passed in not reaching reserve with my bid being the highest.To my surprise it was sold to the bidder under me who went direct to owner and paid less than my bid.Rang Gavelhouse and they said bad luck nothing they can do about its this bullshit or what? A lot of auctions the underbidder earns the right to negotiate first with vendor , or option to buy at reserve price . You earn the right by effectively winning the auction race . You would have to check the process at NZB / Gavelhouse . Gavelhouse would I'd guess want their cut of the " private " sale . It would be worth checking they haven't strayed from own policy , if they have vendor and purchaser should be banned if the sale proceeds and you not given chance to follow the purchase process . Quote Share this post Link to post Share on other sites More sharing options...
nomates 3,564 Report post Posted November 10, 2020 4 minutes ago, Red Rum said: A lot of auctions the underbidder earns the right to negotiate first with vendor , or option to buy at reserve price . You earn the right by effectively winning the auction race . You would have to check the process at NZB / Gavelhouse . Gavelhouse would I'd guess want their cut of the " private " sale . It would be worth checking they haven't strayed from own policy , if they have vendor and purchaser should be banned if the sale proceeds and you not given chance to follow the purchase process . At the Karaka sales it's first man to the vendor after the horse has left the ring , not sure there is any hard and fast policy as in real estate where highest bidder on a past in at auction property gets first rights to negotiate afterwards . Haven't read Gavelhouse reg's but i know of someone who has bought regularly on Gavelhouse and each time the horse has passed in and they have been highest underbidder they have received a phone call asking if they would buy at their last bid . Red Rum 1 Quote Share this post Link to post Share on other sites More sharing options...
dbtab 95 Report post Posted November 10, 2020 The excuse from Gavelhouse was that the 2nd bidder went directly to seller ,but were is that information Red Rum 1 Quote Share this post Link to post Share on other sites More sharing options...
nomates 3,564 Report post Posted November 10, 2020 23 minutes ago, dbtab said: The excuse from Gavelhouse was that the 2nd bidder went directly to seller ,but were is that information There is a sellers contact phone number listed . Quote Share this post Link to post Share on other sites More sharing options...
Red Rum 1,833 Report post Posted November 10, 2020 2 hours ago, nomates said: At the Karaka sales it's first man to the vendor after the horse has left the ring , not sure there is any hard and fast policy as in real estate where highest bidder on a past in at auction property gets first rights to negotiate afterwards . Haven't read Gavelhouse reg's but i know of someone who has bought regularly on Gavelhouse and each time the horse has passed in and they have been highest underbidder they have received a phone call asking if they would buy at their last bid . If it's the rules then it is OK, horse sales getting a decent working over in some places . That gavelhouse and Inglis online I always find interesting , the dough burnt on some of these horses from yearling / ror sales eye watering for a peasant like me . Some syndicate horses bleed cash big style. Saw one syndicate sell one last year for massive loss , breeder brought it back for peanuts really and she's back in training. Will be interesting if she gets a few wins as she had a bit of go . Quote Share this post Link to post Share on other sites More sharing options...
Nerula 1,402 Report post Posted November 10, 2020 If it was a $500 reserve on GH and the horse sells at $501. GH has taken the b$500 as a fee so have no further interest in the matter. Thats how it works isn't it? Secret to auctions is be nimble Quote Share this post Link to post Share on other sites More sharing options...
jeepers 276 Report post Posted November 10, 2020 2 hours ago, Red Rum said: gavelhouse and Inglis online I always find interesting , the dough burnt on some of these horses from yearling / ror sales eye watering for a peasant like me You are not wrong on Inglis digital I purchased four horses that cost the vendors a total of $1,225,000 but I paid $28500 in total.All were winners. Red Rum 1 Quote Share this post Link to post Share on other sites More sharing options...