Drawing on interviews with many of the principals and a voluminous public record, Wall Street Journal correspondent Auerbach provides a generation-spanning chronicle that ranges from the legendary stable's founding by a baking-powder magnate during the early years of the century through its sale at auction in 1992. Owned by the Wright family, Calumet bestrode the sport of kings like a colossus, breeding more Triple Crown winners than any of its rivals and setting the pace in a high-stakes enterprise. In mid- 1982, however, Lucille Parker Wright Markey died at 93, and control of the farm passed to a son-in-law, John Thomas (aka J.T.) Lundy, a good-ole-boy local whom the matriarch had treated with all the warmth accorded a poor relation. In piecing together how J.T. managed to bankrupt a prospering institution less than a decade after gaining the whip hand, Auerbach leaves little doubt that he was never up to the job intellectually or psychologically. The arriviste squire of Calumet used his status to wheel and deal on a fast global track during much of the 1980s. Backed by international bankers, Wall Street money men, mobsters (including a couple of John Gotti's capos), and nouveau riche investors clamoring for a piece of the action, he took an early lead in his run for the roses, but changes in federal tax law, overbreeding throughout the industry, a crushing debt burden, and other handicaps brought him down. Lundy's fall put paid to Calumet. An era ended with the dispersal of the farm's bloodstock and the property's acquisition by an outsider.
A sorry tale, well told, that lends new meaning to the phrase "riding for a fall." (8 pages b&w photos, not seen) -- Copyright ©1994, Kirkus Associates, LP. All rights reserved. --This text refers to an out of print or unavailable edition of this title.
I learned a lot about the horse racing and breeding industry. It was en enjoyable and educational read. Read morePublished 3 hours ago by Phyllis M.
This was an interesting read for some who are interested in horse racing history. The middle of the book got dragged down by endless details of transactions that could only be... Read morePublished 1 month ago by M. T. Roppel
sad story of horses cruelly killed for insurance money and greedPublished 1 month ago by Amazon Customer
AAA DEALER THIS WILL BE A CHRISTMAS GIFT FOR A FARRIER I AM SURE IT WILL BE A GOOD READ AND IT WAS DELIVERED WITH PLENTY OF TIME FOREARLY WRAPPINGPublished 2 months ago by Mrs. Paul
Interesting history on Calumet ! Could not put down after starting . Won't disappoint ! I was not aware at the time of all this taking place. A lot of history in this book !Published 4 months ago by gayle peters
I read this book 15 years ago and have read it 3-4 times since. I finished it about the time I went to Lexington for my first visit. Read morePublished 4 months ago by Amazon Customer
The opening few pages hooked me, as I am a horse fanatic and I remember Alydar. However, the book became somewhat bogged down in legal and accounting details that made me skip... Read morePublished 4 months ago by S. Lucas
This is an excellent book tracing the history of Calumet Farm, the kingpin of thoroughbred racing, from inception to demise.Published 4 months ago by CLC