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#1
09-09-2010, 06:45 PM
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“The decision to sell some of our horses was made as part of the normal course of stable management,” Phipps’s daughter Daisy Phipps Pulito, who aids her father in running the stable, said in a statement distributed by Keeneland. “My family remains fully invested in the Thoroughbred industry.”
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#2
09-09-2010, 08:15 PM
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#3
09-09-2010, 08:31 PM
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Not even the Phippses can keep all of their mares; new fillies keep being retired every year. The stable hasn't had many big money earners of late, so it may make sense, tax-wise, to sell proven producers (they might never have another SW, after all) since they will bring the best prices - proves you are running your operation like a business, not a hobby.
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#5
09-09-2010, 09:27 PM
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This is not new. The Phipps family sells horses at the Keeneland sales every year. Last September they sold a half to Persistently for 11K. After the grade 1 win Just Rewards value is as high as it will be. Last November I think they sold Grand Gala, Preaching, Winning Bet and Cashier. They sold Supercharger in foal with Super Savor a few years ago.
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#7
09-10-2010, 06:57 AM
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#8
09-10-2010, 04:15 PM
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Bessemer is the one of the largest U.S. wealth managers and a top adviser to utra-rich families, overseeing $55.4 billion in client assets. The average client has more than $26 million.
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#9
09-10-2010, 07:08 PM
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I didn't say they need money. But thanks for the education.
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__________________
 Seek respect, not attention.
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#10
09-10-2010, 06:36 PM
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Hybrid Mode
