Auction Rules

General Information

Auction services need not be in order listed in catalog.  Order of auction will be announced in advance of auction.  Half-Arabian (Partbred) breeding auction will also be held.  Funds generated by the stallion service auction will be maintained in an account separate from those of the Iowa Arabian Horse Association.  All proceeds from the sale of stallion services (excluding expenses) will be used as PRIZE MONEY for the Auction Futurity classes as outlined in the Iowa Gold Star Futurity Program rules.  Separation of funds will be made between Purebred and Partbred.

Bidding For Stallion Services

Minimum Bids: The minimum bid for Purebred stallion services shall be $1,100.00.  The minimum bid for Half Arabian (Partbred) stallion services shall be $600.00.

The highest bidder for each of the stallion services offered is eligible to participate in the IOWA GOLD STAR AUCTION FUTURITY classes provided all fees are paid in full by deadlines and that required Mare AUCTION Nomination form has been filled out, submitted and received by the entry deadline.  Auction Nomination must be made by Dec 31st of breeding year.  Purchasers of stallion services need not be members in the Iowa Arabian Horse Association at the time of purchase, however, MUST become members in good standing to participate in showing in any Iowa Gold Star Futurity class.  The Breeding Contract, once purchased, is the binding agreement of all parties and will be governed by the Committee.  Any additional agreements between Mare Owner and Stallion Owner must be in writing and a copy delivered to a Committee Co-Chairperson.

The Mare Owner who purchase stallion services agree to the following:

If participating in the Purebred Auction, the mare to be serviced must be a registered Purebred Arabian.  If participating in the Partbred Auction, the mare to be serviced must be of good quality and acceptable breed cross which will produce a foal eligible for the Half-Arabian Registry.

Mare must be in good breeding condition and follow any further requirements of the stallion owner outlined in the breeding contract.

Breeding MUST be attempted the year following the auction purchase.  If Mare Owner does not attempt to breed, auction breeding shall be forfeited.

To make arrangements with the Stallion Owner for breeding the mare and her care, to pay all indicated fees to Stallion Owner before release of mare (and/or foal) as they have been stipulated as part of the stallion owner's breeding contract.

To pay amount of bid for stallion service in full irrespective to any circumstances that may develop, (extenuating circumstances may be outlined in writing to a Co-Chairperson for consideration by the Committee, Decision of the Committee is FINAL).

Auction breeding may be carried over for ONE YEAR if vet statement is sent to Iowa Gold Star Futurity stating that mare aborted, absorbed, and/or is not pregnant after attempting to breed.  Vet statement must be sent on or before Dec 31st of breeding year.

Auction breeding may be carried over if no live foal is produced.  Live foal shall be defined as one that stands and nurses without assistance for 30 days after parturition.  A death of a foal before that along with the supporting documentation allows the owner to use that nomination the following breeding season.

Payment for Stallion Services Bought at Auction:

Payment for stallion services may be PAID IN FULL at the date of the Auction or by signing a Promissory Note with one of the following payment plans:

Choose 2 payment plan – 50% paid the date of the auction and the remaining balance on or before April 1st of the following year.

Choose 3 payment plan - 1/3 paid the date of the auction subject to $100.00 minimum and a $10.00 service charge with ½ the balance due January 1st and ½ the balance due April 1st of the following year.

Choose 5 payment plan - 20% paid at the date of the auction subject to $100.00 minimum and a $20.00 service charge with 20% due November 1st of auction year and 20% due January 1st, March 1st, and April 1st of the following year.

Choose 8 payment plan - (available for bids of $1,000.00 or more) 20% due the date of the auction and a $35.00 service charge with 15% due November 1st and December 1st of auction year, 10% due January 1st, February 1st, March 1st, April 1st, and May 1st of the following year.

AUCTION FUTURITY GENERAL RULES

The Iowa Gold Star Stallion Auction Futurity Classes will be held each year in conjunction with a regularly sponsored Class A Show, preferable in the fall, as recommended by the Committee and approved by the IaAHA Board of Directors.  All Auction Futurity classes will be judged by approved judges.  The Committee reserves the right to establish the order of entry into the arena.  All USEF rules will prevail; however, any protests must be in writing to the Committee. Registered owner of yearling at the time of showing must be a paid up member in good standing of the Iowa Arabian Horse Association. If the mare owner who purchased the stallion service has sold the mare in foal, weanling or yearling, the purchaser should be advised of the eligibility to participate in the Auction Futurity Program and it’s rules and requirements.  The Chairperson must be advised in writing of the new ownership.  It is suggested that effort be made to clear up any questions prior to show entry.

The resulting foals from the stallion auction services will be shown as YEARLINGS.  The classes will be divided into Purebred Fillies, Purebred Colts and Geldings, Partbred "Saddle Type" Fillies, Partbred "Saddle Type" Colts and Geldings, Partbred "Stock Type" Fillies, and Partbred 'Stock Type" Colts and Geldings.