Two-day Crundwell auction brings in $US4.78 million
Baca Juga
The preliminary amount from the two-day auction on quarter Equus caballus breeder Rita Crundwell’s farm stands at $US4.78 million.
Crundwell’s seized horses, together alongside around horse-related equipment, vehicles in addition to trailers, went nether the hammer on Lord's Day in addition to Mon on her farm well-nigh Dixon, Illinois.
The assets were seized yesteryear the US Marshals Service next Crundwell’s arrest inward Apr for wire fraud. The 59-year-old, considered i of the travel yesteryear quarter Equus caballus breeders inward the United States, stands defendant of siphoning $US53 i M m from the coffers of the the metropolis of Dixon, where she worked every bit its fiscal controller for 22 years.
Authorities alleged Crundwell used the coin to fund a lavish lifestyle in addition to back upwardly her elaborate quarter Equus caballus breeding operation, based on her ranch well-nigh Dixon.
The $US4.78 i M m is on travel yesteryear of the $1.64 i M m raised inward an online auction before this calendar month of lxxx horses formerly owned yesteryear Crundwell that were living on properties across several states.
The travel yesteryear bid of the two-day sale was attracted inward the commencement auction. The 2004 globe champion bay stallion, Good I Will Be, fetched $US775,000. The prize stallion went to a Canadian buyer.
More than 1000 registered bidders turned upwardly for the auction, alongside around other 700 or in addition to thus registering online to bid.
The coin raised at the auctions volition hold out held inward trust pending the trial of the federal prosecution of Crundwell, who has pleaded non guilty.
If acquitted, the coin volition become to Crundwell. If convicted, the cash volition become to the metropolis of Dixon yesteryear agency of restitution. The costs of caring for Crundwell’s horses since her arrest volition hold out deducted yesteryear the US Marshals Service.
Reports advise this instantly stands at to a greater extent than than $US1.3 million.
Besides the horses, the auction was used to sell tack in addition to equipment, including saddles, bridles, blankets, cylinder fans, 37 canvas-sided stalls, 2 bobcats, an industrial washer in addition to dryer, hay feeders in addition to more.
With the horses instantly sold, regime volition instantly plow to selling to a greater extent than of Crundwell’s assets, including her farm, slice of furniture in addition to other personal property.
The auctions were run yesteryear Professional Auction Services Inc, alongside a minimum bid of $US400.
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