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24 lots currently for sale. Page :
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F.A.Q. |
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17-1 How to sell a horse to the auction room ? |
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Stable Owner > Link "Management Sales / Auctions": click on Auction.
You just create your lot by selecting horses among your stable and put it up for auction.
We advise sellers to create lots which are consistent (with regards to discipline and age). For example, you may create a lot of: 8 year old flat race horses, 2 year old trotting race horses, 3 year old jump race horses etc. This makes it easier to identify the lots in the horse auction. This is also useful for potential buyers as they can search by lot type.
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17-2 Can I sell several horses at a time? |
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Yes, you can create lots with more than one horse. We advise sellers to create lots which are consistent (with regards to discipline and age). For example, you may create a lot of: 8 year old flat race horses, 2 year old trotting race horses, 3 year old jump race horses etc. This makes it easier to identify the lots in the horse auction. This is also useful for potential buyers as they can search by lot type.
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17-3 Can I sell several lots at a time? |
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No, you can sell by auction only one lot at once.
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17-4 How long does an auction run for? |
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The initial period is 24 hours, with automatic extension of an additional hour for each new bid which occurs in the last hour, and so on, until no one else bid (then the sale is confirmed).
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17-5 When does an auction start? |
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An auction starts immediately when the seller validates the parameters of its sale. The seller cannot delay the sale.
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17-6 Who sets the starting price of an auction? |
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The auction’s opening price cannot be set by the seller. The price is set by Newturf. It is €0.1 whatever the auction.
However, the seller sets the minimum bid.
Two examples:
If the seller sets the minimum bid for the lot at €2; the first bid is set at €0.10, then the second at €2.10, the third at €4.10 etc.
If the seller sets the minimum bid for the lot at €0.50; the first bid is set at €0.10, then the second at €0.60 and the third at €1.10.
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17-7 What is a Reserve Price? |
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A reserve price is the lowest price at which you are willing to sell your horse(s). If you don’t want to sell it/them below a certain price, you can a set a reserve price. The amount of your reserve price is not disclosed to potential buyers and bidders. |
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17-8 As part of an auction with reserve price, will I get my deposit after the sale of my lot? |
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If you find a buyer for your horses and that the sales occur, you get back your deposit (3% of the reserve price).
However, if on the contrary, the reserve price is not attained and the sales do not occur, you lose your deposit and it adds up automatically to the Prizemoney Pool (deposits hence redistributed to players through the Sponsored prize). |
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17-9 Why the principle of deposit for a sale reserve price? |
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If the reserve price was a free service, the owners would be able to inundate the bidding hall with crazy offers without taking any risk. This would result in an increase in the number of offers and therefore an overload in the bidding halls. The bidding halls would quickly become of no interest for the buyers (what is the point of a buyer placing offers if the seller sets a completely utopian reserve price?), and gradually nothing more would sell.
In order for the bidding system to function, there must be a certain fluidity in sales, the buyers should be able to find a limited supply, well adapted in terms of price, where there is the necessity of taking a “financial risk”, then the seller can resort to the protection of the reserve price.
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17-10 Is a new bid auction immediately debited? Is it later immediately credited when another buyer place a higher bid? |
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When an owner bids on a lot, the bid amount is immediately debited from his account. If somebody else places a better bid, the previously debited bid amount is then credited on the account.
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17-11 Why pay more than the next step in the bidding ? Why use the "auto-bid" function? |
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The "auto-bid" function enables you to leave a maximum bid. (The maximum amount you are willing to pay to win the lot).
Your maximum bid will be taken into account at the live event, and will be carried over along with the current highest bid. When a new bidder outbids your bet but bets under your maximum bid, the "auto-bid" function increases your bid automatically putting you back at the top of the list. The "auto-bid" function will never exceed your registered maximum bid amount. If the live bidding does not exceed your maximum bid, you will win the lot. |
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17-12 As a buyer, how do I know if the seller has provided a reserve price? |
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In the bidding hall, you can see whether or not the bid is subject to a reserve price (first board at the top left hand side in the pop up window titled “bidding hall”). |
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17-13 Do I pay a commission on the sale of my horse or my lot of horses when I sell through the auction system? |
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Yes, we take a 10% commission on the sale price, in the same way that we take a commission when selling a horse at a fixed price. |
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17-14 What happens if I finish as highest bidder in an auction where the reserve price has not been reached ? |
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If the reserve price is not reached, the sale does not occur.
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