The majority of those in the equine business know that purchasing an animal from the monthly auction is full of risk. Likewise, they also know that many of the premium horse sales events for premium beasts and racers tend to have an excellent reputation.
On face value of course, they seem excellent with many pedigrees available. The sales programs too are full of photographs, all the necessary details needed to make a decision and contain detail descriptions. It is no surprise that bidders do so with confidence.
Indeed, confidence should also be possible from the health checks which are carried out, the vet inspection which take place, and the X-rays that are often offered. Add to this the possibility of inspecting and riding the best, it all seems excellent.
However, things do go wrong. Many attorneys are instructed to start proceedings following a horse sales event for a host of reasons. With such expense from these purchases, it is no surprise if something does not match up to expectations, but many of the charges are serious.
In such cases, many horses have soon developed serious and terminal issues. From coming up lame after only a week to being a roarer, there have been many problems. Higher than expected maintenance costs following closer inspection too is often cited.
Though these are very poor records, it is worth remembering that sellers only ever go to an auction in the event that private sales have been unsuccessful. Whatever the reason this happened, it is still worthy of a bell to be rung and these checks below to be taken.
Ahead of anything else, it is important to read the terms and conditions of the sale. These should be available ahead of time, to give buyers adequate time to read through them. These vary between auctions, though most sell on an "as is" basis, giving very little room to seek compensation in the event of issues.
There are certain factors which are protected though. Certain lameness for example are protected, whilst the selling of drugged animals is also prohibited. Should these develop after the sale, recompense is all but assured.
It is important that the horse be inspected by the buyer before the sale starts. This should be a thorough inspection, checking the flanks, legs, eyes an so forth. Spending a little time with the creature and judging the temperament will help in this regard too.
Making a good not of any documents the seller has, and any vet reports is important too. Any conditions that are clearly stated here will not be able to be disputed. If there are any concerns, having the beast checked by a private vet is always good from the buyer's perspective.
Should a sale complete and then be found to be lacking, an appeal can be lodged. However, these procedures vary from house to house too, so need to be properly understood. This is most certainly the case regards understanding time limits and seeking secondary vet opinions.
Finally, it is important an auction house, the consignor for the day, and the seller are thoroughly checked out. However, the majority of horse sales do complete satisfactorily, so whilst caution is needed, worry is not.
On face value of course, they seem excellent with many pedigrees available. The sales programs too are full of photographs, all the necessary details needed to make a decision and contain detail descriptions. It is no surprise that bidders do so with confidence.
Indeed, confidence should also be possible from the health checks which are carried out, the vet inspection which take place, and the X-rays that are often offered. Add to this the possibility of inspecting and riding the best, it all seems excellent.
However, things do go wrong. Many attorneys are instructed to start proceedings following a horse sales event for a host of reasons. With such expense from these purchases, it is no surprise if something does not match up to expectations, but many of the charges are serious.
In such cases, many horses have soon developed serious and terminal issues. From coming up lame after only a week to being a roarer, there have been many problems. Higher than expected maintenance costs following closer inspection too is often cited.
Though these are very poor records, it is worth remembering that sellers only ever go to an auction in the event that private sales have been unsuccessful. Whatever the reason this happened, it is still worthy of a bell to be rung and these checks below to be taken.
Ahead of anything else, it is important to read the terms and conditions of the sale. These should be available ahead of time, to give buyers adequate time to read through them. These vary between auctions, though most sell on an "as is" basis, giving very little room to seek compensation in the event of issues.
There are certain factors which are protected though. Certain lameness for example are protected, whilst the selling of drugged animals is also prohibited. Should these develop after the sale, recompense is all but assured.
It is important that the horse be inspected by the buyer before the sale starts. This should be a thorough inspection, checking the flanks, legs, eyes an so forth. Spending a little time with the creature and judging the temperament will help in this regard too.
Making a good not of any documents the seller has, and any vet reports is important too. Any conditions that are clearly stated here will not be able to be disputed. If there are any concerns, having the beast checked by a private vet is always good from the buyer's perspective.
Should a sale complete and then be found to be lacking, an appeal can be lodged. However, these procedures vary from house to house too, so need to be properly understood. This is most certainly the case regards understanding time limits and seeking secondary vet opinions.
Finally, it is important an auction house, the consignor for the day, and the seller are thoroughly checked out. However, the majority of horse sales do complete satisfactorily, so whilst caution is needed, worry is not.
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