Online New Mexico-Based Dispersal Auction Takes Place Feb. 22-25

by | 02.12.2019 | 1:36pm
Finale wins Summer S.

An online auction of 70 Thoroughbreds, including broodmares, yearlings, 2-year-olds, and a stallion, will take place Feb. 22-25 as part of a court-ordered liquidation in New Mexico.

The horses will be sold as part of a dispersal of holdings for Gaylen Dean Rust of R Legacy Racing after his family's Rust Rare Coin precious metal trading company was determined to be a Ponzi scheme by the U.S. Commodity Futures Trading Commission and the Utah Division of Securities. Flashpoint Bloodstock LLC will sell the horses in an Internet auction, without reserve, to the highest bidder.

The auction features Finale, a Grade 3 winning stallion by Scat Daddy whose first foals are 3-year-olds of 2019, and Getinthereonetime, a half sister to champion Shared Belief by Bertrando, offered in-foal to champion Honor Code.

Broodmares include well-bred daughters of Ghostzapper, Bernardini, Mr. Greeley, Scat Daddy, Bluegrass Cat, Macho Uno and a Phipps-bred daughter of Seeking the Gold. Also on offer are stakes mares by Any Given Saturday, Right Rigger and Seeking the Cat.

New Mexico-bred yearlings and 2-year-olds by Animal Kingdom, Brody's Cause, Congrats, Elusive Quality, and Majesticperfection will also be sold.

Bidding opens Friday, Feb. 22 and closes on Monday, Feb. 25. The bidding is done completely online during the specified time frame. Bid closings are staggered, closing three minutes apart.

Flashpoint Bloodstock LLC owners Tim and Cathy Jennings, have managed more than 380 live horse auctions selling over 80,000 horses for $200 million. Their experience includes management of the Pony Finals Auction, the AQHA World Championship Show Super Sale and the All-American Quarter Horse Congress Super Sale.

Flashpoint Bloodstock pioneered Internet auctions for equines and has produced 56 internet auctions since 2012, selling nearly 800 horses for $5 million. The Flashpoint team produced one of the most successful online equine auctions ever held, the 2012 U.S. Marshalls Service Auction of Assets of Rita Crundwell. The online auction offered 81 horses with gross sales of over $1.7 million and handled over 700 registered bidders from around the world.

To view the online catalog, click here.

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