May a reserve (minimum price) be placed on a consigned horse or pony?
Yes. A 5% “no sale” fee (reserve not attained RNA) is charged on any consignment on which the owner chooses to place a minimum bid over $2500.00. The consignment includes a “no sale” or “RNA” fee for prices up to $2500.00. However, it is the responsibility of the owner or agent to come to the sale office and sign a statement of the reserve figure prior to the session in which the horse/pony sells.
