Remember the opening scenes in “Secretariat” when Penny Chenery was trying to save the family thoroughbred farm?
It worked. But later the family sold it to a not-for-profit, which apparently isn’t doing so hot.
Among the piles of unsolicited content Insider Louisville gets each week, one of our favorite emails is from TopTenRealEstateDeals.com.
TTRED.com always has the dope on celeb homes and the lifestyles of the rich and famous. Their tag line is, “where real estate is never boring!”
This week, they have a post on the fate of the Chenery’s Meadow Farm near Richmond, Va., which is about to go to foreclosure auction.
(As you recall, Secretariat won the Triple Crown back in 1973, then spent most of the rest of his life in Kentucky. Louisville-based businessman Leonard Lusky still oversees the merchandise rights for Chenery at Secretariat.com)
A most unusual auction of horse racing historical interest will be held on May, 22. Christopher Chenery, an engineer and business owner, bought the 2,798-acre Meadow Farm in 1932, 25 miles north of his birthplace in Richmond, Virginia, for the purpose of breeding thoroughbreds. In 1968 he became ill and was admitted to a New York hospital, where he stayed until his death in 1973. At the time of his hospital admission his daughter, Penny Chenery, took over management of the farm, resulting in her decision to breed Meadow Farm’s mare Somethingroyal to Bold Ruler for two breedings. The second foal was Secretariat. Secretariat was trained on the farm and became the Triple Crown winner in 1973 after the death of Christopher Chenery the same year. Although Penny registered her breedings under the name of her father, it was her knowledge of genetics that brought her to the decision for the historic pairing. In 2003 the farm was purchased by The State Fair of Virginia, Inc.
Today, at 331 acres, the property has foreclosed and is being put up for auction. During the tenure of the State Fair of Virginia, additional structures were added to the property. Structures include four residences, three being used as offices and one the elegant 12,850sf manor house, completely restored and currently being used for special events. In addition there is a 76,130sf Exhibition Hall, a campground with RV hookups and the Meadow Pavilion at 9,735sf providing additional exhibition space. The Equestrian Facility is comprised of a large new stable, arena and four riding rings, among other miscellaneous small structures for storage. The original stables and training barn belonging to the manor house are where Secretariat was born and trained.
Bloomberg also just posted a version of the story a few minutes ago, a post you can see here.
There’s no amount to be recovered listed, but we’re thinking it’s more than we got.
But, if you have a few spare millions, Secretariat’s farm is just what you need ….