Martin Granoff

A lawsuit filed in a Kentucky court Wednesday over a disputed Standardbred auction figures to be closely watched by the Thoroughbred industry because of allegations that a Lexington Selected Yearling Sales Company (LSYS) auctioneer belatedly realized he had dropped the hammer on a $15,000 sale without respecting a $45,000 reserve price that should have been in effect. According to the civil complaint initiated by the New Jersey-based Val D'Or Farms, which thought it had rightfully purchased the filly, named Philly's Sting, for $15,000 via proxy bid, the auctioneer purportedly tried...