Auctions

[jpops757]

Are all horses that are entered for sale at auction entered with a reserve or min. price? I they are not can a seller refuse the bid? Is the fee for entering a set fee or is it based on the $$$$$$ bid. If a horse dosent make its reserve or is not sold is there also a fee and what is that fee based on?These might seem like stupid questions but this old dummy would like to know.