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Originally Posted by Balletto
You're thinking of the right horse. At public auction, anyone can essentially buy the horse, but it usually goes to one of the original owners since they're essentially only paying "half" of the final outcome of the sale.
Obviously, this is done when the two parties cant agree on a buy-out price and rely on the fair market value to determine it.
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makes sense.
I just would have assumed they could have agreed upon something to save themselves the costs associated with going to auction.
but maybe those costs are not substantial.
I dont know anything about that.
thanks for the response.
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