Gulf Coast Farms and partners claim representatives of Fifth Third Bank engaged in fraudulent and deceptive banking practices in its dealings with the prominent Thoroughbred breeding entity.
Ninety-one horses are scheduled to be offered during the November breeding stock auction.
The two men, in the name of Gulf Coast Farms, bred morning line favorite Lookin At Lucky and Conveyance.
Average rises 10.6% and median increases 16.8% while the buy-back rate declines.
Some barns have been busy in the days leading up to the auction, which is the largest of the five major select juvenile sales based on the number of horses cataloged.
Gross declines 44.8%, and median drops 25.9% from a year ago.
Conditions were brutal at Keeneland Jan. 9, two days before the start of the Central Kentucky company's horses of all ages sale.
Kensei, ridden by Edgar Prado and trained by Steve Asmussen, made a powerful move on the far turn en route to an impressive 3 1/4-length victory in the 92nd running of the grade II, $200,000 Dwyer at Belmont Park on the July 4 holiday card.
Keeneland's sale of 2-year-olds in training, like just about every other Thoroughbred auction in recent memory, generated results that lagged well behind the previous year's statistics. The gross revenue for the two-day sale, which ended the evening of April 7 in Lexington, dropped 27.6% while the average price declined 15.5%. The median price fell 21.7%.
The Ocala Breeders' Sales Co. March select sale of 2-year-olds in training suffered downturns of 30% or more in its gross revenue, average price, and median price after posting all-time highs for those figures in 2008. Here's what people had to say about the market at the auction, which was held March 17 and 18 in Central Florida.
Still reeling from the effects of the worldwide financial crisis, buyers approached the Ocala Breeders' Sales Co. March select sale of 2-year-olds in training cautiously, and their reluctance to spend the really big bucks was a major factor in the opening session's setbacks. Compared to a year ago, when the auction enjoyed a record-setting run, the gross revenue dropped 29.6% while the average price fell 32.6%,and the median price declined 22.2% March 17 in Central Florida.
The Fasig-Tipton Kentucky July select auction got the yearling selling season off to a sobering start in Central Kentucky. The buy-back rate rose while the number of horses sold, gross revenue, average price, and median price all declined.
Tuesday night's opening session of the Keeneland April sale of 2-year-olds in training should get off to a fast start.
The gross revenue and average price increased during the seventh session of the Keeneland September yearling sale Monday, when a Cherokee Run colt sold for $325,000.
Buyers and sellers look back on a Fasig-Tipton Saratoga select sale yearling market that suffered declines in gross revenue, average price, and median price.
Many of this year's candidates for the Kentucky Derby Presented By Yum! Brands (gr. I), were offered at public auction before they began their racing careers. Two sold for more than $1 million apiece, but you could have purchased some of them for less than $100,000.
Barretts' March select sale of 2-year-olds in training had three strikes against it, but didn't go down swinging Tuesday in Southern California.
Selling as a broodmare prospect, Misty Sixes brought a final price of $500,000 to top the third session of the Keeneland January horses of all ages sale in Lexington, Ky. Wednesday. Lance Robinson's Gulf Coast Farm purchased the 7-year-old mare from the consignment of Taylor Made Sales Agency.
Sheila's Prospect, a daughter of leading Maryland sire Not for Love, topped the first session of the 2004 Fasig-Tipton Kentucky February mixed sale at the company's Newtown Paddocks. A no-guarantee season to Hill 'n' Dale stallion Theatrical and a season to Wafare Farm stallion Giltterman topped the Stallion Access auction of seasons and shares.
A broodmare carrying a foal by Behrens brought a top price of $200,000 during Saturday's session of Keeneland's November Breeding Stock Sale.
Crafty Shaw rallied from off the pace to win the $100,000 Turfway Park Fall Championship (gr. III) Saturday at 1 1/8 mile, snapping a four-race losing streak.
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