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Harness Racing / Re: Lexington Sale Lawsuit
« Last post by Trigger on December 12, 2025, 02:57:01 PM »Amazing that it’s taken this long for this to happen:
https://www.thoroughbreddailynews.com/suit-alleges-standardbred-auctioneer-failed-to-notice-45k-reserve-then-reopened-bidding-after-hammer-fell-at-15k/
Professional auction companies, auctioneers typically have insurance. The part of the policy that covers this instance is called E & O (Errors and Omissions).
They screwed the seller, the minimum price was $45k they were willing to accept. Hammer down at $15k by accident, and lot of other errors at that auction too. Not sure even if the seller signed a no hold liable, I imagine the judge would toss.
My Bet - The auction company will be ordered to pay if insurance doesn't. Shocking they don't take responsibility and force the seller to take them to court, just apologize and pay, it's your rep.
Then again it's harness racing, corruption is rewarded!


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