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Businesslike Book 3 Opener at Keeneland Friday

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Businesslike Book 3 Opener at Keeneland Friday SATURDAY, SEPTEMBER 19, 2020 BUSINESSLIKE BOOK 3 NOVEMBER AUCTION ANTICIPATED FOR ZAYAT HORSES UNDER RECEIVERSHIP OPENER AT KEENELAND by T. D. Thornton Attorneys representing MGG Investment Group, LP, which is FRIDAY the plaintiff in a $24.5-million Kentucky civil lawsuit alleging fraud and loan defaults against Ahmed Zayat and his family's Zayat Stables, LLC, disclosed in a legal document filed Sept. 18 that the court-appointed receiver in that case intends to hold a November auction to sell off horses that are being held as collateral against the unpaid debts. News about this anticipated November auction was made public in the form of a letter dated Friday and filed in United States Bankruptcy Court, District of New Jersey (Newark) by MGG's counsel. Cont. p12 IN TDN EUROPE TODAY ALOHA UPDATE BOOSTS COLLEGELANDS DRAFT Austin and Ciara Lyons of Collegelands Stud offer a half- Hip 1614 | Keeneland brother to standout juvenile Aloha Star at next week’s Tattersalls Ireland September Yearling Sale. by Jessica Martini Click or tap here to go straight to TDN Europe. LEXINGTON, KY - The Keeneland September Yearling Sale opened its two-session Book 3 with a day of solid trade Friday in Lexington, with bloodstock agent Mike Ryan making the day=s highest bid of $625,000 to acquire a colt by red-hot sire Into Mischief (hip 1614). In all, 200 yearlings grossed $21,803,500 during the session for an average of $109,018 and a median of $85,000. With 134 horses reported not sold, the buy-back rate remained elevated at 40.12%. The auction=s cumulative buy-back rate stands at 39.72%. Last year=s first Book 3 session produced a $1-millon topper and 10 lots brought $500,000 or over. Friday=s top lot was the only to top that mark. In all, 234 yearlings sold in the 2019 auction=s fifth session for a total of $44,726,000. The average was $191,137 and the median was $160,000. AWe were shopping all day, and it=s the same story,@ Ryan said. AIf you have what the buyers want, you=ll be rewarded. It=s simple, but it=s unfortunate because there are a lot of nice horses that are probably not bringing what they are worth. It=s really selective. If you don=t meet the criteria, it=s a long road. But the top tier is very solid and there is not much drop off in the top horses.@ Cont. p3 PUBLISHER & CEO Sue Morris Finley @suefinley [email protected] SENIOR VICE PRESIDENT Gary King @garykingTDN [email protected] EDITORIAL [email protected] Editor-in-Chief Jessica Martini @JessMartiniTDN Managing Editor Saturday, September 19, 2020 Alan Carasso @EquinealTDN Senior Editor Steve Sherack @SteveSherackTDN Racing Editor Brian DiDonato @BDiDonatoTDN Deputy Editor Christie DeBernardis @CDeBernardisTDN Associate Editors Christina Bossinakis @CBossTDN Joe Bianca @JBiancaTDN News and Features Editor In Memoriam: Ben Massam (1988-2019) ADVERTISING [email protected] Director of Advertising Alycia Borer Advertising Manager Lia Best Advertising Designer Amanda Crelin Advertising Assistant/Dir. Of Distribution Rachel McCaffrey Advertising Assistants Amie Newcomb Kristen Lomasson GI Ricoh Woodbine Mile contender War of Will (War Front) gallops at Woodbine on Photographer/Photo Editor Tuesday morning. “He’s coming off that nice win in the Maker’s Mark Mile and he’s Sarah K. Andrew @SarahKAndrew trained as good as I’ve ever seen him train since that race,” trainer Mark Casse said. [email protected] “We’re expecting him to run well.” | Michael Burns Social Media Strategist Justina Severni TODAY’S GRADED STAKES Director of Customer Service Vicki Forbes EST Race Click for TV [email protected] 8:40a Dubai International Airport World Trophy S.-G3, NBY -------------- TVG Marketing Manager 9:50a Dubai Duty Free Legacy Cup S.-G3, NBY -------------- TVG Alayna Cullen @AlaynaCullen 10:05a Scotty Brand Firth of Clyde Fillies’ S.-G3, AYR -------------- TVG Director of IT & Accounting 10:25a Dubai Duty Free Mill Reef S.-G2, NBY -------------- TVG Ray Villa 11:55a Denny Cordell Lavarack & Lanwades Stud Fillies S.-G3, GOW -------------- TVG [email protected] [email protected] 3:04p Belmont Oaks Invitational S.-GI, BEL TJCIS PPs FS1 4:27p Singspiel S.-GIII, WO TJCIS PPs TVG WORLDWIDE INFORMATION 5:39p Ricoh Woodbine Mile S.-GI, WO TJCIS PPs TVG International Editor Kelsey Riley @kelseynrileyTDN [email protected] European Editor Emma Berry [email protected] Associate International Editor Heather Anderson @HLAndersonTDN Newmarket Bureau, Cafe Racing Sean Cronin & Tom Frary [email protected] 60 Broad Street, Suite 100 Red Bank, NJ 07701 732-747-8060 | 732-747-8955 (fax) www.TheTDN.com TDN HEADLINE NEWS • PAGE 3 OF 18 • THETDN.COM SATURDAY • SEPTEMBER 19, 2020 KEESEP cont. from p1 Tommy and Wyndee Eastham=s Legacy Bloodstock sold Friday=s top-priced filly, a daughter of Into Mischief (hip 1253) who sold for $400,000 to Joey Platts. AThe penalties are still high for any vetting, but if you are able to check all the boxes, we=ve had a good experience and people have wanted the ones who have gone through and checked all the boxes,@ Tommy Eastham said. ABut it=s still a tight market. Yesterday at the barns, we probably were as busy as we have been in a couple of years, even compared to >19, which was a huge year. But now they are putting a budget on the horses, so even if you have nine or 10 scopes, you still need to be careful just because there is a ceiling. But I think there is a fair market.@ Sweetwater Trading Co.=s Kim Lloyd made two purchases during Friday=s session and three overall at the auction so far. AI think the market is surprisingly good for the high-end horses,@ Lloyd said. AHorses with great physicals are selling well today, which I expected, but they are selling for more money than I expected. On the other side of that, the horses that don=t meet all of the expectations of the buyers are not selling well, if they sell. So, it=s still a good market considering our circumstances. Both Fasig and Keeneland have done a great job and everyone should be grateful for their efforts.@ The Keeneland September sale continues through next Friday with sessions beginning daily at 10 a.m. KEENELAND SEPTEMBER SALE SESSION TOTALS 2020 $ Catalogued 400 $ No. Offered 334 $ No. Sold 200 $ RNAs 134 $ % RNAs 40.12% $ High Price $410,000 $ No. Over $400k 4 $ Gross $21,803,500 $ Average $109,018 $ Median $85,000 CUMULATIVE TOTALS 2020 $ Catalogued 1618 $ No. Offered 1309 $ No. Sold 789 $ RNAs 520 $ % RNAs 39.72% $ Gross $182,386,500 $ Average $231,162 $ Median $165,000 TDN HEADLINE NEWS • PAGE 4 OF 18 • THETDN.COM SATURDAY • SEPTEMBER 19, 2020 Into Mischief Provides Late Fireworks Again Summerfield, the bay colt is out of graded placed True Romance (Yes It=s True). AHe was an exceptional colt, by an exceptional sire, and bred by an exceptional breeder,@ Ryan summed up the yearling=s appeal. AAll the way across the board. He was as good an Into Mischief as you could ever want to lay eyes on. Those good Into Mischiefs, you=ve got to reach for them. And he was exceptional.@ Of the yearling=s placement in Book 3, Ryan said, AI think he was well-placed because he stood out, but he would have been a standout physical in any book. Into Mischief is an extraordinary stallion. We haven=t seen anything like him in quite some time.@ Barbara Banke=s Stonestreet operation purchased True Romance, with this Into Mischief colt in utero, for $350,000 at the 2018 Keeneland November sale. True Romance died in 2019 Mike Ryan | Keeneland and this is her only foal. AHe was a colt that just oozed power, speed and stamina and he just happens to be by a sire that really provides that,@ said For the second day in a row, a Keeneland session was topped Summerfield=s Andrew Vanlangendonck. AIt=s another by a late-selling son of Into Mischief bred by Stonestreet Stonestreet-bred and raised horse. With their program, they just Thoroughbred Holdings as bloodstock agent Mike Ryan made a keep pushing out one right after the other. And we=re very final bid of $625,000 to acquire hip 1614 on behalf of an pleased and happy they provided us with these horses.@ undisclosed client in the closing stages of Friday=s fifth session of During Thursday=s session, Peter Leidel made a final phone bid the September sale. Consigned by the Vanlangendonck=s TDN HEADLINE NEWS • PAGE 5 OF 18 • THETDN.COM SATURDAY • SEPTEMBER 19, 2020 of $1 million to secure an Into Mischief colt out of Teen Pauline (Tapit). Stonestreet also sold the auction=s top-priced offering, a $2-million son of Tapit. Upstart Colt a Long-Running Success Story for Machmer Hall Carrie Brogden | Keeneland A colt by freshman sire Upstart shot to the top of the leader board midway through Friday=s fifth session of the Keeneland September sale when bringing a final bid of $410,000 from bloodstock agent Liz Crow. The dark bay yearling (hip 1467) was bred and consigned by Machmer Hall and the Brogdens= operation traces its involvement with the family back three generations. He is the first foal out of Miss Baby Betty (Warrior=s Reward), whose unraced dam Baby Betty (El Corredor) produced graded winner Sweet Whiskey (Old Fashioned). Baby Betty, named after Carrie Brogden=s grandmother, briefly left the Machmer Hall band, but was purchased back again for $40,000 at the 2018 Keeneland November sale under the name Machmer Hall - Coming Home.
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