My answer to that: mare has no value for me. I am a breeder. I need papers in order to have registrable foals of a respectable value. And for all of you who are shopping for expensive wb mares to ride... be sure to get the papers for her and have them in order. Because the day your 5 figures mare gets seriously injuried, this WILL be the difference in HER life. She will likely be able to have a second, comfortable career as a broodmare - at a reputable breeder's farm -
I'll add a twist if that's okay :
what if the seller only has a COPY of the registration papers. Shows age, description, registration number, etc. Everything matches and there is no question on ownership. The papers just did not get passed down from original owner.
Would you negotiate on price?
How much? Say the asking price is $10,000 and it's a mare.
Would you pass on the horse?
I hate to burst anyone's bubble, but I worked for an unscrupulous breeder back when I was in college, and, believe me, if you want the animal for breeding, or if you are buying a youngster as a prospect based on its bloodlines, registration papers are insufficient. Only DNA will definitively prove whether the horse is the horse that the seller says that it is.