http://www.drf.com/news/article/101007.html
an excerpt:
Earlier this year, Paulson - son of the late Allen Paulson, Azeri's breeder and owner - bought back Azeri's A.P. Indy colt,
Vallenzeri, for a record buy-back price of $7.7 million at the Keeneland September yearling sale. Although Paulson had solicited private offers after the auction, he now
has the colt entered in Keeneland's April 2-year-old sale with consignor Eddie Woods.
Asked whether Vallenzeri's $7.7 million buy-back might have dampened buyers' confidence that he was serious about selling Azeri, Paulson said: "I can't speak for other people, but, obviously, if they were in my shoes and had a living female Horse of the Year, the only three-time Eclipse Award-winning older mare champion ever, they would be in the same position I was in. I adjusted our reserve to reflect the market, but she has a value, and I was going to let her go for extremely good value, but unfortunately we're victims of the global financial market."
Paulson indicated Monday that banks that hold Azeri and other horses in the Allen E. Paulson Living Trust as collateral had significant input on Azeri's reserve. Paulson said he is trying to "get it into position where we can wrap up the trust business
in the next year and a half."
That means all of the trust's horses will have to be sold in that time frame, he said.