Posted By:
Joe D.It is my understanding that it is common practice for the consignor of a horse to bid on his horse -
openly not secretly.
If a consignor is not happy with the price he is getting - he just bids. Everyone there knows he is the consignor. If he wins his horse back, he is out the consignment fee.
When you think about it... its basically an auction with a real 'reserve price'.