This auction will utilize DYNAMIC AUCTION ENDINGS. This means if any stallion receives a bid in the last 5 minutes, the auction will be extended by an additional 5 minutes. This will continue until there are no bids  received in the final 5 minutes. At that point, bidding is closed for that stallion. This option is in place to give everyone a fair chance to place the last bid and prevent snipe bids in the last second of the auction event.

The minimum bid is based on the 2024 published stud fee or the reserve set by the stallion owner.

 Terms and Conditions

The following terms and conditions apply to the Indiana Thoroughbred Owners & Breeders Association (ITOBA) Stallion Season Auction hosted by Thoroughlybred.com. Please read all the terms and conditions prior to bidding. All bidders are responsible for understanding these terms. If you do not understand these terms, it is your responsibility to clarify any questions or concerns prior to bidding. All bids are legally binding.

WINNING BIDS:

All bids are considered binding, and if your bid is the winning bid, you will be responsible for paying that amount to the Indiana Thoroughbred Owners and Breeders Association (ITOBA). Payments are due by January 31, 2024. Seasons must be paid in full before breeding may occur. Seasons may be subject to the stallion farm's approval of the mare.

BID REGISTRATION:

In order to bid in the auction, a prospective purchaser must complete and sign a registration form available online on Thoroughlybred.com). By submitting the online registration form, Purchaser acknowledges and agrees that he or she has provided Thoroughlybred.com with his or her name, address, phone number, email address and other identifying information, which information will be used to contact Purchaser in the event that he or she is a winning bidder. All data submitted during the online registration process with Thoroughlybred.com will be stored and retained by Thoroughlybred.com, subject to its own terms of use and/or other policies.

NO GUARANTEE:

• All seasons which are offered on a "NO GUARANTEE" (NG) non-refundable basis, UNLESS OTHERWSE SPECIFIED. 

• A "No Guarantee" season means a nomination to breed a Thoroughbred mare to a Thoroughbred stallion in a particular breeding season, the payment for which is due prior to such breeding. "No Guarantee" purchase of stallion seasons are NON-REFUNDABLE UNDER ANY CONDITION including the unavailability, infertility or death of the stallion, or the mare's death, inability to conceive or carry to term, once named and covered, or for any other reason.

NO GUARANTEE WITH RETURN HONORED:

• Unless otherwise stated, a "NG Season with a “Return Honored" noted is defined as a No Guarantee season but if no foal results from the mating, a complimentary Return Honored (NO Guarantee)  season will be provided for the following breeding season to the same stallion upon receipt of a satisfactory veterinary certification from the current breeding season. Mare must be bred at least twice to the stallion in this breeding season and the last cover date must be no later than June 15th of the current breeding season. Stallion must stand at the same farm for the following breeding season. There is no guarantee that the stallion will be available for the following breeding season.

WARRANTY:

• THERE IS NO EXPRESS OR IMPLIED WARRANTY BY ITOBA AS TO THE FITNESS OR BREEDING SOUNDNESS OF ANY STALLION OR THE BREEDING PRACTICE OF ANY FARM OR AS TO THE MANAGEMENT OF THE SEASON OFFERED FOR SALE IN THIS AUCTION.

​NOTIFICATION TO STALLION FARM:

• Upon receipt of payment, ITOBA will notify the farm at which the stallion stands, of the name of the successful purchaser. The purchaser is then solely responsible for completing and forwarding a mare information form to the stud farm and making all booking arrangements.

• Purchasers of stallion seasons agree to breed a Thoroughbred mare on the purchased seasons only in conformity with the lawful restrictions imposed by the syndicate manager, syndicate owner or stallion manager at the stud farm involved, pursuant to the syndicate agreement and/or any other applicable agreement and management practice for the stallion involved.​

MEMBERSHIP FEE:

• The ITOBA Stallion Auction is open to the public for bidding.  HOWEVER, because the ITOBA Stallion Auction is a benefit to ITOBA Members, if you are not already a member of ITOBA, a $50 membership fee will be added to a winning bidder’s purchase price. If purchasing multiple stallion seasons, only one membership fee is due.

PAYMENT PROCESSING:

• At the end of the auction, invoices will be sent to each winning bidder which will include further instructions and a total dollar amount due.

• Seasons to stallions standing in Kentucky are subject under Kentucky law to a 6% Kentucky Sales Tax, which shall be charged to the auction winner. You will be invoiced for this purchase and ITOBA will pay this collected sales tax directly to the State of Kentucky.​

• ​Payment must be made by January 31, 2024.

​Any winning bidder who is invoiced, but does not make the appropriate payment before the deadline will be reported to www.thoroughlybred.com.  This individual will be blocked from bidding in future IndianaThoroughbred Owner and Breeders Association auctions, listed on the thoroughlybred.com website under the Negative Feedback List and may be blocked from other auctions offered on www.thoroughlybred.com as well.