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Pat Ness
Dec. 29, 2009, 08:11 AM
I will be there for my first Keeneland sale. We are not planning on buying, but we have no racers at the moment and CBY opening is just around the corner so you never know.

Anyone else planning on going?

Toadie's mom
Dec. 29, 2009, 02:53 PM
Hi Pat, not going to the sale but sure wish I could! Be careful, you'll come across some real bargains :winkgrin:

tuppysmom
Dec. 29, 2009, 11:03 PM
It sounds like you are "open to buy" to me.

I am not going, but we do have a good friend who is going shopping in KY!

DH and I went to a TB sale one year. We didn't take a check book or a letter from our banker. We managed to buy two broodmares... got them paid for and arranged shipping ...LOL

Pat Ness
Dec. 30, 2009, 08:32 AM
That letter from your banker is so goofy. Who has a banker that you can put a name on? We could get a letter or ??? but they want a name and number they can call at your bank. tuppysmom - glad to hear (well sort of glad) that you managed to get 2 horses without doing all that.

There are a lot of coming 3 year olds that look like they are close to race ready - right now these are the ones I am marking in the book.

Toadie's mom - wish you could come - it would be fun to see you there. Any news on your Crafty Grey mare?

Toadie's mom
Dec. 30, 2009, 08:00 PM
Unfortunately, no word on CG. I think I told you previously that I was told the last owner/trainer has his own farm and would probably take her home to breed. I can only hope so:sadsmile:

KentuckyTBs
Jan. 2, 2010, 08:40 PM
My farm is sending a very nice little 2 yr old to the Jan. sale. :-) you'd get some great deals if you do buy!

Pat Ness
Jan. 3, 2010, 10:42 AM
Hi KentuckyTBs, which hip number is your 2 year old?

LaurieB
Jan. 3, 2010, 11:53 AM
That letter from your banker is so goofy. Who has a banker that you can put a name on? We could get a letter or ??? but they want a name and number they can call at your bank. tuppysmom - glad to hear (well sort of glad) that you managed to get 2 horses without doing all that.



With credit tightening up all over, and Keeneland having been stung a couple of times recently by bidders who didn't pay, you will need to establish credit if you're planning to bid.

(We do have a banker, is that so unusual?) Anyway, just write down the manager of your local bank, or whoever it is there you deal with the most. Then call that person and tell them to expect a call from Keeneland, and give them permission to answer Kee's questions. It's not a big deal, really. Mostly they'll just ask how much money you have in your accounts and then extend (or not extend) credit accordingly.

Short of that, I think you'll need to settle your bill (by cash or secured check) at the sale within an hour. And Keeneland will be calling to haul you into the office within minutes of signing a ticket. :D

Anne
Jan. 3, 2010, 07:53 PM
In the "good old days" it was likely that if one wanted credit at Keeneland, one had a sum in the bank that was enough to ensure the services of a private banking specialist. At present, with even select yearlings being led out unsold, well, it seems times have changed. Even mere mortals (without private bankers) can now purchase something for $1000 or $2000 at Keeneland.

rio2
Jan. 4, 2010, 03:24 PM
We're going.
When you fax in for line of credit, just put in "will pay at time of sale". :)
They're fine with that.

KentuckyTBs
Jan. 4, 2010, 07:24 PM
Pat Ness... you have a PM :-)