Tom and Sandy McKenna will offer an innovative financing package for 42 horses offered without reserve in their Judge Lanier Racing Complete Dispersal. The financing is a modified run-out agreement between the buyer and Judge Lanier Racing.
The McKennas created the “COVID-19 Financing” package to help owners and trainers buy horses in the current industry conditions.
Eligible horses must bring a final bid of $5,000 or more. The buyer will pay 20 percent down. The balance is paid on a “run out” basis from the winnings of the horse after purchase, divided 50-50 between buyer and seller until balance due is paid.
The auction will be an internet-only auction, with bidding opening Sept. 16, and closing Sept. 23 at ThoroughbredAuctions.com
Judge Lanier Racing Stables has been a perennial leading owner of race horses in New Mexico. Since 2005 the stable has had earnings of $9,380,211. Their 2019 earnings of $1,595,458 were the highest yet for the stable.
Prospective buyers will need to go to the auction website, and create an account. They will then need to request a bidder's number in order to bid. Please visit the website at ThoroughbredAuctions.com for more information or email info@thoroughbredauctions.com.
ThoroughbredAuctions.com leads the industry with twice as many horses cataloged and four times as many sold than all other online Thoroughbred Auctions in North America combined. The company just completed the largest online Thoroughbred Auction ever held in North America with 98 horses cataloged. That brings the total number of Thoroughbreds sold at ThoroughbredAuctions.com to 288 from 369 cataloged in seven auctions since February of 2019.
The ThoroughbredAuctions.com team produces North America's leading online auctions for horses. The management team pioneered internet auctions for horses and has produced more than 80 Internet Auctions since 2012 boasting a high seller of $226,000.
Owners Tim and Cathy Jennings are the industry's most experienced show horse auction managers. Their team managed more than 380 live horse auctions selling over 80,000 horses since 1978. Tim's previous firm, Professional Auction Services, was the largest show horse auction company in the world, by number of horses sold for 15 years.
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