A bid of $4.4 million wasn't high enough
to pull former Horse of the Year Azeri away from owner Michael
Paulson on Monday.
The 11-year-old mare in foal to another Horse of the Year,
Ghostzapper, was expected to be the highlight of the first day of
Keeneland's horses of all ages sale. Instead, her failure to meet
the reserve price underscored the impact the national economic
crisis is having on the thoroughbred business.
Paulson declined to disclose the reserve price he set. He said
the high bid of $4.4 million was close. He says he will try to work
out a deal for her. If that doesn't work, he says he's going to
"take her home."
In 2002, the horse because one of just six fillies to win the
Horse of the Year award.