ClassicStar, a venture that involves the leasing of mares, is continuing to operate after an announcement that David Plummer and his son, Spencer, are no longer associated with the outfit.
A release from David Plummer said his family and ClassicStar are "pursuing their horse investments separately."
The managing partner of ClassicStar continues to be co-owner Tony Ferguson. "It is a very amicable departure," Ferguson, an executive in the oil and gas exploration business, said in the release.
The ClassicStar office in Utah has been closed and relocated to Kentucky. Plummer owns ranches in Texas and Utah, and according to the release, is in the process of building his own broodmare band. In the release, he said he owns shares in nine Thoroughbred stallions including Saint Liam
, Pleasantly Perfect
, and Mr. Greeley
Boyce J. Sanderson will remain with ClassicStar and has been promoted to general business manager. He has relocated from Utah to Kentucky.
ClassicStar will continue to own its two Kentucky farms and extensive group of broodmares.
For four straight years, starting in 2001, ClassicStar spent large amounts at breeding stock sales. The mares were purchased the first year in Plummer's name, 15 tickets signed for broodmares costing a total of $4,171,000. In 2002 and 2003, ClassicStar led all buyers by money spent, purchasing 27 mares for $17,535,000 in 2002 and 20 for $13,570,000 the following year.
Included in 2002 was the top-priced mare sold at public auction that year, Bless, by Mr. Prospector. In foal to Storm Cat
, she was purchased for $4 million. That foal, a colt, was sold at the Keeneland September yearling sale for $3.4 million.
The last year of major spending was 2004, when ClassicStar spent $9,835,000 for a dozen mares.