Crundwell horses fetch $US2.4m on first day of auction
The rootage twenty-four hours of a two-day auction of quarter horses seized from alleged fraudster Rita Crundwell fetched $US2.4 ane K one thousand on Sunday, with the rootage Equus caballus nether the hammer going for $US775,000.
A amount of 146 horses were sold at the auction at Rita Crundwell’s farm close Dixon, Illinois, with nearly 2000 bidders registering for the auction.
The move yesteryear bid for the twenty-four hours was attracted inwards the rootage auction, the $US775,000 fetched yesteryear the 2004 Blue Planet champion bay stallion, Good I Will Be. The prize stallion went to a Canadian buyer.
Auction organisers had expected the Equus caballus to fetch betwixt $US250,000 in addition to $US1 million.
Two offerings of his frozen semen sold for $US31,500.
The horses were seized yesteryear the US Marshals Service from Crundwell, considered ane of the move yesteryear quarter Equus caballus breeders inwards the United States, next her arrest inwards Apr for wire fraud.
Crundwell, 59, stands defendant of siphoning $US53 ane K one thousand from the coffers of the metropolis of Dixon over a 22-year menstruum spell she served every bit its fiscal controller. She has denied the charge.
Authorities allege she used the coin to fund her lavish lifestyle in addition to back upwardly her elaborate breeding operation.
Last week, Lee County State Attorney Henry Dixon disclosed a 60-count indictment against her over the alleged theft of coin over the concluding 28 months she worked for the city.
A gauge granted the US Marshals Service permission to seize in addition to sell many of Crundwell’s assets, including her horses, with the federal prosecution.
The minimum bid on horses was $US400. Several fetched betwixt from $US10,000 to $US30,000.
Proceeds volition hold upwardly returned to Dixon every bit restitution, ane time the US Marshals Service has taken its costs. Care of the horses earlier the auction was costing the service $US200,000 a month.
In all, most 4000 people turned upwardly to the ranch for the auction. Among them, at that topographic point were 1000 registered bidders, with around other 700 registered online.
The mo twenty-four hours of the auction, on Mon (US time) , volition run into a farther 173 horses larn nether the hammer. It is nether agency at the fourth dimension of writing.
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