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.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19710804.2.52
Bibliographic details
Press, Volume CXI, Issue 32676, 4 August 1971, Page 8
Word Count
207Bidding by telephone Press, Volume CXI, Issue 32676, 4 August 1971, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.