View catalogue Syndicates For sale

Sellers: Frequently Asked Questions

 

If you have a question relating to buying a horse via the Race Horse Trader website, please see our Buyers: Frequently Asked Questions

Questions relating to online auctions

1. How much does it cost to list a horse for auction on Race Horse Trader?

2. Do you offer deals for multiple advertisements and/or auction listings?

3. How do I list a horse for auction?

4. What are your commission fees?

5. Over what period is the auction conducted?

6. Do I have to set a reserve price?

7. What is a Buy Now price?

8. How do I receive payment for my horse?

9. Can I make changes to my listing?

10. What contact will I have with the buyer of my horse?

11. What if I change my mind and wish to withdraw my horse from the online auction?

12. Can you source a pedigree page for my horse?

 

Questions relating to Syndicates & Shares

13. How much does advertising on Race Horse Trader cost?

14. Do you offer deals for multiple advertisements?

15. How do I list an advert to sell shares in a horse?

16. Can you source a pedigree page for my horse?

17. How long does my advert stay on the website?

18. Can I make changes to my advert?

19. How do you know when all the shares in a horse have been sold?

20. What is the average response rate per advert? 

21. Can I advertise my Racing Club or Syndicate as opposed to the horses in it?

 

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1. How much does it cost to list a horse for auction on Race Horse Trader?

A single listing costs £110 +VAT. This includes a full Weatherbys pedigree page and an expert write-up. The price is the same for auction lots and horses listed in the Syndicates and Shares section.
 

2. Do you offer deals for multiple advertisements and/or auction listings?

Yes, we can offer discounted rates for bookings of three or more adverts as long as the order for multiple adverts is placed at the same time. Please call 01483 273377 to discuss.

 

3. How do I list a horse for auction?

You must choose from one of the following:

1. Book the advert online

First, you should be prepared with information about the horse you wish to list for auction and have online access to pictures and any videos you may wish to place. You should also have a credit/debit card ready to pay the listing fee for your lot.

Once you are set up, click onto 'Seller account' on the top right-hand corner of the RHT Home Page. Then follow the instructions on how to place an advert.

2. Send us the information to place the advert on your behalf by emailing the following to: support@racehorsetrader.com

a)     Your name, address, post code and telephone number.

b)     The address and post code of where the horse is stabled if different to the above.

c)      The name, sire and dam of the horse being advertised, with its date of birth, colour and sex.

d)     The reserve price you wish to place on the horse. If you choose not to place a reserve on your horse, please state: no reserve. (See below). Your reserve should be your 'rock bottom' price. This will not be published, though buyers will be aware if their bid is below the reserve.

e)     The buy-now price: this is the price you will accept immediately, closing the auction early.

f)      Your VAT status and number, and whether the price of the horse requires VAT to be added.

g)     Any comments you would like to be included in our write-up.

h)     At least one good quality side-on (landscape) picture.

i)       A video of the horse if one is available.

j)       If the horse is a broodmare, you should say whether she has a foal at foot and whether she is in-foal, and provide details.

k)     State whether the horse has any health issues and provide any veterinary information if available.

Once we have received this email from you, we will write an expert commentary and upload the details on Race Horse Trader. Before the advert goes live, you will be asked to comply with our Terms & Conditions. We will then send you an invoice for the listing fee. You can contact us at any time on 01483 273377 or 07454 182498 to get help or to arrange for your existing advert, or any new advert, to be offered for auction.

 

4. What are your commission fees?

When a horse is sold via the Race Horse Trader auction, we will deduct 5% commission from the selling price and add a 5% buyer's premium. Minimum commission chargeable is £100. All commission fees are subject to VAT.

 

5. Over what period is the auction conducted?

Horses will be listed with Lot numbers in catalogues for online auctions every two weeks. Those that do not sell in the first sale will, at the seller's discretion, be put into the next sale at no extra charge providing their reserve is reduced.

Bidding will open as soon as the catalogue is published online, and will close at the end of the two-week sale period. Bidders may arrange an inspection of your horse, and place a bid, at any time during this two-week period. If you set a 'Buy Now' price for your horse bidders may offer you the Buy Now price to close the auction early and purchase your horse immediately.

Those lots that do not sell in two auctions will be automatically transferred to the 'Horses for Sale' section where they will continue to be advertised to potential buyers for up to one year from the date they were originally listed for sale, or until sold.

 

6. Do I have to set a reserve price?

It is usual but certainly not essential especially for the cheaper lots. Bidding for all horses will start at a minimum of £800 - this is the minimum price that any horse can sell for.

If you do choose to set a reserve, the amount will not be displayed on the website, though bidders will be aware if their bid is above or below the reserve.

 If you do choose to set a reserve then this must be a REALISTIC AMOUNT in order to encourage competitive bidding activity and increase the chances of achieving a sale. The reserve should be your rock-bottom acceptable price, not your desired sales price. Your desired price can be set as a Buy Now price, see below.

 

7. What is a Buy Now price?

This is your desired sale price and will be advertised to potential buyers. If a buyer agrees to pay your Buy Now price at any time within the two-week auction period your horse will be sold immediately and, if bidding has opened, no further bids will be taken for your horse. You will pay commission on the Buy Now price and your horse will be marked SOLD. This function is optional, though can be useful if you are looking to achieve a quick sale and you do not wish to wait the whole two-week auction period to achieve a sale.

 

8. How do I receive payment for my horse?

Once bidding has closed we will issue an invoice to the winning bidder. Within 10 working days of receiving cleared payment from the buyer, we will send the balance, less our commission fees, to your chosen bank account.

 

9. Can I make changes to my listing?

Changes can be made at Race Horse Trader's discretion. Under no circumstances can the reserve be increased once bidding has commenced on your lot.

 

10. What contact will I have with the buyer of my horse? 

Your name and contact number will be published alongside your lot to users that have registered and logged in to their Race Horse Trader Buyer Account, this is to facilitate conversation about your horse and to arrange viewings/inspections. All users of the website will be able to send messages to request further information on the lot. These messages will be forwarded to you by Race Horse Trader staff and it will be up to you to respond direct to the buyer if an email is received. 

Upon receipt of a winning bid, you must not arrange for the horse to be delivered or collected until you have received confirmation of sale from Race Horse Trader staff. This is usually within three working days of the close of bidding.

 

11. What if I change my mind and wish to withdraw my horse from the online auction?

If your horse has been published in a catalogue on the website then any withdrawal before the close of the online auction will be subject to a £100 +VAT  charge.

 

12. Can you source a pedigree page for my horse?

Yes, we source Edited European Pedigree pages from Weatherbys for every auction listing placed on the website. This is included in the standard price of £110 +VAT.

 

 

Questions relating to Syndicates & Shares

13. How much does advertising on Race Horse Trader cost?

A single listing costs £110 +VAT. This includes a full Weatherbys pedigree page and an expert write-up.  
 

14. Do you offer deals for multiple advertisements?

Yes, we can offer discounted rates for bookings of three or more adverts or auction listings as long as the order for multiple adverts is placed at the same time. Please call 01483 273377 to discuss.

 

15. How do I list an advert to sell shares in a horse?

You can choose from one of the following:

1. Place the advert yourself using our online facility.

First, you should be prepared with information about the horse you wish to advertise and have online access to pictures and any videos you may wish to place. You should also have a credit/debit card ready to pay the listing fee for your advert.

Once you are set up, click onto 'seller account' on the top right-hand corner of the RHT Home Page. Then follow the instructions on how to place an advert.

2. Send us the information to place the advert on your behalf by sending the following to: support@racehorsetrader.com

l)       Your name, address, post code and telephone number.

m)    The address and post code of where the horse is stabled if different to the above.

n)     The name, sire and dam of the horse being advertised, with its date of birth, colour and sex.

o)     The different shareholdings and prices you are offering potential investors.

p)     Any comments you would like to be included in our write-up.

q)     At least one good quality side-on (landscape) picture of the horse.

r)      A video of the horse if one is available.

s)      State whether the horse has any health issues and provide any veterinary information if available.

Once we have received this email from you, we will write an expert commentary and upload the details on Race Horse Trader on your behalf.  We will then send you an invoice for the listing fee.

 

16. Can you source a pedigree page for my horse?

Yes, we source Edited European Pedigree pages from Weatherbys for every advert and auction listing placed on the website. This is included in the standard price of £110 +VAT.

 

17. How long does my advert stay on the website?

Your advert stays on the Race Horse Trader website one year from the date that it is placed, unless you request for it to be removed. Sold horses will be marked as such. 

 

18. Can I make changes to my advert?

Yes, you can make an unlimited number of changes to your advert via your Seller Account. Alternatively, we can update your advert for you. Please email your changes to support@racehorsetrader.com. Updates are free of charge but must be received by email.

 

19. How do you know when all the shares in a horse have been sold?

We rely on sellers to communicate news of this, or to login to their Seller Account, to update the status of their advert.

 

20. What is the average response rate per advert?

Response rates are unique to each individual advert and it is impossible to give an average. Response rates vary according to a number of factors such as: price, success of the horse (if raced), pedigree and the quality of images and videos. THE MORE REALISTIC YOU ARE AT PRICING YOUR HORSE, THE MORE LIKELY YOU ARE TO FIND A BUYER. See our Advertising Tips page for examples of best practice, and for tips on how to increase your response rate.

 

21. Can I advertise my Racing Club or Syndicate as opposed to the horses in it?

The Race Horse Trader website is currently structured to advertise individual horses only. If the horse forms part of a Racing Club or Syndicate then details of how to join can be included within the advert copy. However, we will only publicise images, videos, pedigree and racing record for one horse per advert.

In addition to horse adverts, you may set up a Seller Profile, to be included within our Horse Racing Directory and at the foot of your horse adverts, which will provide general information on your Racing Club or Syndicate, plus links to your website and social media profiles.