After the Auction: Post-Sale Procedures
Successful bidders must make the necessary arrangements for the board and care of their purchases. This includes purchasing insurance, where appropriate, making payment and securing transportation and boarding accommodations.
1. Make payment.
Payment should be consistent with the arrangements made with the sales company. If credit was not established prior to the sale, payment is generally due within 30 minutes of the fall of the hammer. It is not uncommon for consignors to continue to care for the horse while the buyer makes settlement with the sales company and secures transportation services. Ensure this is the case by asking the consignor. Upon settlement, buyers will be given a stable release and later the proper Jockey Club Registration Certificate from the sales company.
2. Remove the horse from the sales grounds.
Van companies have representatives at almost every sale. Select a carrier and provide them with a copy of the stable release. The carrier will need that form to remove the horse from the grounds.
Note: Taking possession constitutes delivery and acceptance. Consequently, it is imperative that, prior to removal of the horse, a veterinarian examine the animal as to the conditions warranted in the Conditions of Sale. Persons purchasing mares in-foal should confirm their pregnancy status. Under most Conditions of Sale, the purchaser's right to rescind a sale is prefaced upon a veterinary examination occurring on the grounds.