Bidding by telephone

Press, Volume CXI, Issue 32676, 4 August 1971, Page 8

Bidding by telephone

"The Press" Special Service WELLINGTON. Telephone bidding, which has been introduced recently in Europe and America, may operate at the 1972 national yearling sale at Trentham. The auctioneers,. Wright, Stephenson and Company, investigated the matter at the suggestion of the New Zealand Thoroughbred Breeders* Association, and it was confirmed by the firm’s Australian offices that the scheme was practicable. As yet there has been no demand for the service, but it is considered likely that absentee buyers will make use of it.when its availability becomes known. The major organised telephone link for thoroughbred sales so far has been between various

French and American venues. Informal telephone bidding is not uncommon at New Zealand sales. At the last Waikato sale a Singapore buyer’s call coincided with the arrival in the ring of a mare he wanted. His bid failed, but he succeded on a later lot at $5OOO. ANSWER TO CORRESPONDENT “Tlmaru.”—A win in the Winter Cup. worth $3250 to the winner, would make a horse liable for a rehandicap in the Melbourne Cup, but not in the Caulfield Cup, the Epsom, or the Metropolitan. The Melbourne Cup limit is $3OOO. For the Caulfield Cup it is $4200, and for the Epsom and Metropolitan, $4500.