Re: $1.9 million not enough? (801 Views)
Posted by:
Jmoore (IP Logged)
Date: September 15, 2016 08:09PM
The explanation given at the sale was that they intended to put a reserve of 1.19 million, essentially selling for 1.2 million or more. Instead the reserve was given to Keeneland accidentally as 1.9, the bid was ran up to that amount without any live money bidding the last few bids.
Several potential bidders were caught a little off guard because they had been told the reserve was going to be 1.2.
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