You can sell one of your horses in auctions if you have at least 0 karma points. If you karma is negative, you will no longer have access to the auctions.
When you want to sell a horse in the auctions, you can select the starting price. The buyers will then bid over this price, and the horse will be transferred to the player who has made the highest bid at the end of 3 days.
If, at the end of the 3 days, no one has bid on a sale, the vendor keeps his/her horse. If the highest bidder does not have enough money in his/her reserve to pay the vendor, the vendor id compensated a small fee and keeps his/her horse, whereas the buyer loses 1 karma point. Finally, if everything goes well, the money is transferred to the vendor and the horse to the buyer.
You can cancel a sale at the auctions over the 3 days to keep your horse if you so wish. This will, however, cost you 15% of the sale price achieved by the horse at the time of cancellation.
NB, reserved auctions (comment which asks other players not to buy the horse, or mention of the reserve in the horse's name) are expressly prohibited and will cost the seller one karma point.
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