BABCOCK LIQUIDATION
UPDATE: BUYER TO POSSIBLY BE ANNOUNCED TODAY
The American Quarter Horse Journal, September 30, 2010 — Based on a Journal telephone interview with Tim Jennings of Professional Auction Services, it’s possible that the buyer for the nearly 200 horses from the Babcock liquidation will be announced later today.
“We had interest from potential buyers from Italy, Mexico and all over the world,” Jennings said. “There were seven bids, three that qualified.”
Jennings was waiting for theUnited States Bankruptcy Court or the Eastern District of Texas, Sherman Division, and the bankruptcy trustee to finalize the paperwork on the accepted bid.
As the Journal told you last week, the bankruptcy trustee for Babcock Ranch at Valley View, Texas, has ordered an immediate sale of the ranch’s horses as a group, which will also now include the stallions Trashadeous and Cowboy Smarts. This whole-herd sale replaces the previously scheduled dispersal sale, which was set for mid-October.
Trashadeous is by Be Aech Enterprise and out of Miss White Trash by Mr Gun Smoke. The 1987 stallion has earned more than $131,103 in National Reining Horse Association competition.
Cowboy Smarts is a 1998 sorrel stallion by Smart Chic Olena and out of Clarks Hilda Bar by Clark’s Doc Bar. Cowboy Smarts was the 2007 AQHA Select reserve world champion in reining. He was third in AQHA Select reining in 2006. He was the AQHA year-end high-point reiner of 2007.
Click here to see the sale flier.
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TRUSTEE ORDERS IMMEDIATE SALE OF ALMOST 200 HORSES.
The American Quarter Horse Journal, September 20, 2010 — The bankruptcy trustee for Babcock Ranch at Valley View, Texas, has ordered an immediate sale of the ranch’s horses as a group, which will also now include the stallions Trashadeous and Cowboy Smarts. This whole-herd sale replaces the previously scheduled dispersal sale, which was set for mid-October.
A lump sum for the herd of nearly 200 horses is expected, says Tim Jennings of Professional Auction Services of Berryville, Virginia, which will be handling the sale. Offers must be made by noon Friday, September 24, 2010. A hearing has tentatively been scheduled for next week when bids will be considered. A 20 percent deposit is required before the hearing.
Trashadeous is by Be Aech Enterprise and out of Miss White Trash by Mr Gun Smoke. The 1987 stallion has earned more than $131,103 in National Reining Horse Association competition.
Cowboy Smarts is a 1998 sorrel stallion by Smart Chic Olena and out of Clarks Hilda Bar by Clark’s Doc Bar. Cowboy Smarts was the 2007 AQHA Select reserve world champion in reining. He was third in AQHA Select reining in 2006. He was the AQHA year-end high-point reiner of 2007.
The horses, including the two stallions, will be sold as-is, and prospective buyers can schedule an appointment with Professional Auction Services to see the horses, Tim said. The sale will include 30 weanlings, 49 yearlings, 51 2-year-olds, 15 3-year-olds and eight older horses. Four recipient mares and 37 broodmares are included.
The stallion Smart Chic Olena and his frozen semen is not included in the sale, which will take place under the auspices of U.S. Bankruptcy Court for the eastern district of Texas in the Sherman division.
Emergency Liquidation
The Liquidation of Assets of Babcock Quarter
Horses, Inc.
THE UNITED STATES
BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF TEXAS
SHERMAN DIVISION
Case No. 09-42232-11
200 est. Horses
Lump Sum Bid for All Horses
Horses Sell As-Is, Where-Is
Location of Assets: Texas
Contact
Mike Jennings (703) 346-8133
Tim Jennings (703) 216-6818
Click here for more information regarding the emergency liquidation of Babcock Quarter Horses
