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Spendthrift Farm is a thoroughbred race horse breeding farm and burial site in Lexington, Kentucky, currently owned by Eric & Tammy Gustavson. [1] It was founded by Leslie Combs II and named for the great stallion Spendthrift, who was owned by Combs' ancestor, Daniel Swigert of Elmendorf Farm. Spendthrift was the great-grandfather of Man o' War.
Cummings spent a whopping $13.6 million on 43 yearlings at the 1989 Inglis Easter Sale on behalf of two accounting firms, as part of a horse syndication scheme. The global stock market crash in 1987 saw Cummings' backers abandon the deal post-auction, leaving him to face possible bankruptcy. [ 10 ]
Keeneland Sales is an American Thoroughbred auction house in Lexington, Kentucky founded in 1935 as a nonprofit racing/auction entity on 147 acres (0.59 km 2) of farmland west of Lexington, which had been owned by Jack O. Keene. A division of Keeneland Association, Inc., it holds three annual horse auctions that attract buyers from around the ...
The September yearling sale represents the sale of horses from the breeding farms to race horse owners. In 2016, 2,792 yearlings were sold for a total cost of $272,890,500. The November breeding stock sale handles mares retiring from the racetrack, stock dispersals that occur when an owner leaves the business, and sales of older mares, often ...
It is the oldest auction company of its kind in North America. Its first headquarters were in Madison Square Garden in New York, and Fasig-Tipton initially sold high-class road and carriage horses in addition to Thoroughbred and Standardbred racing stock. [3] Fasig-Tipton's main horse auction in the early 20th century was referred to as "Old ...
For Europe, the July 2007 Tattersall's Sale sold 593 horses at auction, with a total for the sale of 10,951,300 guineas, [4] for an average of 18,468 guineas. [5] Doncaster Bloodstock Sales, another British sales firm, in 2007 sold 2,248 horses for a total value of 43,033,881 guineas, making an average of 15,110 guineas per horse.