Dispute Over €1.89 Million Sale of 3YO Cadeau Noir-Licosto Dressage Stallion at Hanoverian Auction

The consortium of Paul Schockemöhle and Andreas Helgstrand has labeled as a “strong insult” the failure of the auctioneer to accept their bid of €1.9/US$2.1 million for a three-year-old Cadeau Noir-Licosto premium dressage stallion but accepted a lower price.

The winning bid at the Hanoverian Stallion Market in Verden, Germany last weekend was €1.89/US$2.09) paid by Bonhomme stud near Berlin, owned by a real estate developer.

According to news reports, auctioneer Bernd Hickert left his podium to talk to bidders beforehand.

Rebecca Gutman from stud Bonhomme offered €1.89 million for the bay Cadeau Noir-Licosto stallion. She then snatched the auctioneer’s hammer and banged it on a handrail. Bernd Hickert hesitated briefly before accepting bid, Sold! and slamming down his hammer.

Dr. Ulf Möller, sitting in the front row as a representative of Helgstrand Dressage, had said another bid was coming by phone.

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