Location of Ranch: Collinsville, Texas | Auction End Time: 7:00 PM CENTRAL TIME OR 19:00 CENTRAL
The Joan Logan Schroeder Production Sale will offer elite western pleasure horse genetics. This will be an annual online sale for Joan Logan Schroeder. The sale will start Sunday, September 29 at 8 AM and end Monday, September 30 at 7 PM. Champion Horse Sales will be at the Joan Logan Schroeder Ranch Property Auction on Saturday, September 21 to assist people with the sign up process and to demonstrate how our auction platform works.
This Sale will feature the Champion Horse Sales “All Bids In – All Lots Sold” or a modified “Horse Race” style closing format. To see what each lot bid increment amount will be look to the actual sale lots on the auction site.
If there is any bidding activity in the LAST 5 MINUTES OF AN AUCTION, that auction will enter into an extended bidding time frame. Extended bidding increments will start at 5 minutes. Extended bidding will continue until there has been no bidding activity for the duration of the set extended bidding time increment. At that time, the auction will close and all lots will be declared sold to the highest bidder. See examples below on extended bidding.
Example 1: Auction closes at 7:00 PM. There is no bidding from 6:55 PM to 7:00 PM. All lots
are declared closed and the sale ends at 7:00 PM.
Example 2: Auction closes at 7:00 PM. There is a bid placed at 6:59 PM. Auction is extended
by 5 minutes. No more bidding occurs. All lots are declared closed and the sale ends at 7:04 PM.
Example 3: Auction closes at 7:00 PM. There is a bid placed at 6:59 PM. Auction is extended
by 5 minutes until 7:04 PM. Another bid is placed at 7:02 PM. Another bid is placed at 7:03 PM.
Another bid is placed at 7:05 PM. No more bids are placed. All lots are declared closed and the
sale ends at 7:10 PM.
For additional information on the sale close process, please visit our bidder FAQ page.
SPECIAL NOTES FOR JOAN LOGAN SCHROEDER LOTS AFTER SALE: Please Contact Joan Logan Schroeder at 940.727.3474 to make arrangements to make payment and to pick up your sale lot(s). Terms of the sale are cash, wire transfer or cashier’s check, due upon receipt. Buyer takes full responsibility at close of sale.
SALE TERMS & CONDITIONS
IMPORTANT INFORMATION & RECOMMENDATIONS
PLEASE READ: By bidding in this or any given auction, you are assumed to have read and accepted the terms for that auction. You are bound by the terms and conditions of the auction, whether you have read them or not. Terms may vary for the different auctions hosted by CR Publishing, dba Champion Horse Sales. PLEASE CLICK HERE AND READ TERMS CAREFULLY AS THEY ALSO INCLUDE IMPORTANT RECOMMENDATIONS
BEFORE YOU BID: Please understand that BEFORE YOU BID, you can obtain contact information for the seller, go to see the horse, have a veterinarian examine the horse or have someone look at the horse for you. Please see buyer’s responsibility below.
BUYER’S RESPONSIBILITY: By placing a bid in this online auction the Buyer is indicating they have examined or researched a horse to their satisfaction. Prior to making a bid Buyers may do a multitude of things to verify they would like to proceed with bidding. They may for example do any of the following
1. Ask the Seller for additional information about the horse. 2. Arrange with Seller to have a veterinarian that is mutually acceptable to perform a pre-purchase examination. 3. Make an appointment with the Seller to examine the horse at the Seller’s property. 4. Hire an agent or an equine professional that is mutually acceptable to inspect and evaluate the horse.
INSPECTION BY BUYERS: The Seller agrees to make the horse(s) available to potential buyers for inspection or veterinary examination at a time and place agreed to by the Seller and potential buyer.
BIDDING ERRORS: As the buyer/bidder you should make sure to review all bids before and after submitting. If you mistakenly increase your own bid, or make a gross error you must immediately contact the Champion Horse Sales BY PHONE AND BY EMAIL – we must have your request in writing AS WELL AS BY TELEPHONE. There are instances where we will not be able to reverse your bid and you may remain the high bidder. We may be able to reduce your proxy bid amount. Please see our FAQ page for more information. Be aware of increasing your own bids…. some bidders increase their own bid to price an item out of reach of other bidders and these are considered proxy bids as the system will bid for you up to the amount of your proxy bid. We will not reverse bids that have caused another bidder to be outbid even if you have bid on the wrong lot. If you bid on the wrong lot we will not be able to reverse your bid. Please make sure to immediately review your bid as prior to completing the bid you have an opportunity to proceed or to not proceed. We will not reverse ANY bids within 15 minutes of the auction close time.
DEFAULT ON PURCHASE: If any person purchases a horse and does not pay the seller for it as prescribed above the seller has the right to resell the horse or at their option bring legal action against the buyer/high bidder in which event the buyer agrees to pay all cost of such suit together with reasonable attorney fees as fixed by the court. In the event of resale the defaulting buyer agrees to pay all costs of resale and price deficiency, if any. Interest of 1-1/2% per month will be charged on the unpaid balance of any account not paid for as set forth in these conditions.
COGGINS REPORT: Seller must provide to Champion Horse Sales a copy of a Negative Coggins report drawn within 11 (eleven) months of the closing date of the sale. This report should also be given to the Buyer at the time of transfer of papers.
FEEDING TERMS: Horses will be provided feed, hay and water until September 28, 2019, after which feed is billed at $15/head/day in the pasture. These charges are not designed for the seller to make money, just to cover the costs. Any veterinary expense will be the owner’s / buyer’s obligation. All accounts will be billed monthly. Feed charges must be paid in full when the horse(s) are picked up.
HEALTH CERTIFICATES: Buyer will be responsible for obtaining any necessary Health Certificates for transportation purposes.
TRANSPORTATION OF HORSE(S) FROM SELLER TO BUYER: Buyer is responsible for cost and arrangements for transportation of horse from Seller to Buyer. Soon after purchase Buyer should contact Seller directly to schedule transportation of the horse.
DELIVERY OPTIONS: Transportation is the responsibility of the Buyer. The Seller will board the horse for up to 7 days from close of bidding at no additional charge. To locate a TRANSPORTER please contact the Seller as they may have suggestions as to options for transport.
BUYER LIABILITY/RISK AND RESPONSIBILITY FOR HORSE: Ownership of the animal transfers at the time of sale and the buyer bears the risk of injury, disease or death, which may occur. If necessary, PLEASE INSURE YOUR PURCHASE AFTER CLOSE OF SALE – we recommend Full Mortality Insurance is purchased on horses immediately after close of sale as all risk rest solely with the buyer. Additionally, Buyer assumes all risk, responsibility and expense for the horse at the end of bidding. Seller agrees to provide basic board and care for up to 5 days at no additional charge. Beyond 5 days, Buyer will be responsible to pay for board, at $15 per head per day for feed and board, plus any other expenses that may be required to maintain the horse until Buyer takes possession or has the horse picked up from the Seller. Champion Horse Sales recommends the buyer obtain Full Mortality Insurance on horses immediately after purchase, however, this decision and risk rest solely with the buyer.
PAYMENT: Terms of the sale are cash or cashier’s check, due upon receipt and before animals leave the ranch or ranch(s). Unpaid accounts should be billed by the Seller at 18% APR beginning thirty (30) days following sale. Upon receipt of payment, the seller will transfer the registration paper if applicable to the buyer as soon as possible. If full payment is not received within thirty (30) days, then upon written or electronic notice to buyer, the breeder shall retain ownership of animal with full property rights, including the ability to sell the animal to another buyer.