A quick logistical question re: seeling at F-T July.
When does the seller have to commit to a "reserve" price? Is it at nomination or far later in the process?
Far later. The seller can set an RNA up to very late (as long as the RNA price gets to the auction stand). However, it doesn't matter -- the seller can bid or "protect" the horse to any price he/she wants.
07-15-2008, 11:15 PM
Threaded Mode