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30 Years Since Landmark 1st US$1m Yearling
Thirty years ago today in Kentucky "the 1st yearling ever sold for US$1 million or more went through the ring at the Keeneland July sale," noted bloodhorse.com. The Secretariat-Charming Alibi colt (a half-brother to champion Dahlia) was sold by Nelson Bunker Hunt & purchased by a group of Canadians for US$1.5 million after "at least 4 different syndicates had been put together to buy the colt for more than a million dollars": Aaron Jones of Oregon formed a syndicate with trainer Charlie Whittingham, Lou Doherty, Harold Snowden & 3 Californians (who stopped at US$1 million); trainer Bart Cummings represented a syndicate of Australian horsemen (he reached his limit at US$1.1 million); Houston's Will Farish headed a 10-man syndicate of then "relative newcomers to horse racing including high-profile car racer A.J.Foyt" (their final bid was US$1.45m); & the winning Canadian syndicate formed by brothers Joe, Jack & Ted Burnett (owners of Blue Meadow Farms), Harry Federer, John Sikura (owner of Hill 'n' Dale Farm) & Harold Potash. Subsequently on the track, Canadian Bound "made 4 lifetime starts (2 in France & then 2 in California) failing to win a race". At stud, he sired 106 foals with no stakes-winners & died in 1992.