Beautifully engraved RARE specimen stock certificate from the Spendthrift Farm, Inc.
printed as a Specimen. This historic document was printed by the American Banknote Company and has an ornate border around it with a colored vignette of a brown thoroughbred race horse in a stable with a baby blue, ornate, circular framing. This item has the printed signatures of the Company’s President and Secretary.
Spendthrift Farm is a thoroughbred race horse breeding farm in Lexington, Kentucky. It was founded by Leslie Combs II and named for the great stallion, Spendthrift, who was owned by Combs' ancestor, Daniel Swigert of Elmendorf Farm. Spendthrift was the great-grandfather of Man o' War.
In 1966, Majestic Prince was foaled at Spendthrift, bred by Combs. The famous son of Raise A Native later was returned to the farms and died there in 1981.
In 1979, the great Triple Crown winner Seattle Slew was retired to stud and stood at Spendthrift until 1987.
In 1984, Queen Elizabeth II visited Spendthrift Farms to view not only Seattle Slew but also Affirmed as possible studs for her stable of thoroughbreds containing 22 broodmares.
In 2004, B. Wayne Hughes, the founder of Public Storage, purchased the historic farm.
Along with being a breeding facility in the 1960's and 70's, several important racehorses are buried at the farm. These include, Nashua, Never Bend, Prince John, Raise A Native, Gallant Man, Caro, and Valdez.
As of 2011, the current stallions that they stand are Into Mischief, Line of David, Malibu Moon, Notional, Temple City, Tiz Wonderful, and Warrior's Reward.
The 1995 United States Supreme Court case Plaut v. Spendthrift Farm, Inc. arose from a securities fraud lawsuit against the farm relating to its 1983 public offering of stock.
Billionaire founder of storage giant Public Storage Bradley Hughes owns Lexington, Kentucky’s Spendthrift Farm. The stable has been home to winners of every Triple Crown race, including 9 Kentucky Derby victors. Hughes is a familiar and well-liked figure on the thoroughbred circuit, attending many sales himself to bid on the best bloodstock.
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