Stallion Finale among 70 horses available in online auction

The opportunity to stand Finale, a Grade 3-winning son of the late Scat Daddy, is the highlight of a court-ordered online auction of 70 Thoroughbreds taking place later this month.

Flashpoint Bloodstock is hosting the online auction as part of a dispersal ordered by a U.S. District Court-Appointed Receiver related to the case of Commodities Futures Trading Commission v. Rust Rare Coin Inc. The defendants in this action – Rust Rare founder Gaylen Rust and family members Denise Rust and Joshua Rust – allegedly engaged in a Ponzi scheme to defraud investors out of more than $200 million since 2008. The lawsuit also alleges that Rust's R Legacy Racing, named as a relief defendant, received funds from the Ponzi scheme

The horses, mostly based in New Mexico, are being sold online without reserve in an auction Feb. 22-25. A motion to sell and abandon assets filed in January indicated that the horses are being sold online and at a nontraditional time of the year – Finale will miss at least the start of the breeding season while relocating – in order to avoid paying overhead costs on the horses by waiting for fall yearling and mixed sales, and to avoid the expenses of shipping horses to other markets to sell.

Finale won 4 of 19 starts, highlighted by the Grade 3 Summer Stakes at Woodbine as a juvenile. He also won the Continental Mile at Monmouth and was second in the Dania Beach Stakes at Gulfstream that season. The stallion entered stud in 2015 and is located at Huntercreek Farms in New Mexico. According to Equineline statistics, he is the sire of 27 foals of racing age, including current juveniles, and has had three starters, without a winner.

The auction also includes Getinthereonetime, a winning half-sister to champion Shared Belief in foal to Honor Code, and her yearling filly by Finale.