Wild Ride: The Rise and Tragic Fall of Calumet Farm Inc., America's Premier Racing Dynasty [Paperback]

Ann Hagedorn Auerbach (Author)

Book Description

Publication Date: December 15, 1995

Using many never-reported facts, award-winning writer Anne Hagedorn Auerbach chronicles the compelling and tragic story behind the downfall of Thoroughbred racing's crown jewel.

Editorial Reviews

From Library Journal

Journalist Auerbach untangles the spiderweb of financial machinations that enveloped, consumed, and ultimately destroyed one of the most famous horseracing stables in the world. Through three generations of the Wright family, Calumet led, lost, and regained its preeminence as a breeding farm and racing stable only to lose everything, including the family's fortune, in the fourth generation. Chronicling the history of Calumet and its fall into the depths of massive debt, this well-researched, fast-paced book sheds new light on the destruction of Calumet and exposes the excesses of the 1980s. Highly recommended.
Susan Hamburger, Pennsylvania State Univ., University Park
Copyright 1994 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

From Kirkus Reviews

An absorbing account of how Kentucky's Calumet Farm, long thoroughbred racing's paramount breeding stable, came a cropper in the 1990s.

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.

See all Editorial Reviews

Product Details

• Paperback: 480 pages
• Publisher: Holt Paperbacks (December 15, 1995)
• Language: English
• ISBN-10: 0805042423
• ISBN-13: 978-0805042429
• Product Dimensions: 8.7 x 6 x 1.3 inches
• Shipping Weight: 5.6 ounces (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (47 customer reviews)
• Amazon Best Sellers Rank: #111,688 in Books (See Top 100 in Books)
  • #46 in Books > Sports & Outdoors > Individual Sports > Horses > Racing

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Most Helpful Customer Reviews

32 of 33 people found the following review helpful

5.0 out of 5 stars Brilliant. This is a GREAT story. October 19, 2001

By Rorie Sherman

Format:Paperback

This book is amazing. Sure it's a fun tale, brilliantly told, of one of the most famous horse farms in history. But it's so much more. It's also a fantastic insight into excess and fraud and how businessmen commit it. Read it for the blood and guts and glory of horse racing. The story of Calumet is wonderful. But hang onto your hats. Auerbach's indepth investigative journalism shows the anatomy of a swindle. How J.T. Lundy, owner of Calumet, and his cohorts turned the most beautiful animals in the world into cash machines. How they debased the tradition of one of the noblest sports. Auerbach is undaunted by the complicated financial shinnegans that these people concocted to billk banks out of millions. In fact, I believe that her reporting is the reason that Lundy wound up getting indicted and convicted. And she tells it in such a compelling way that even someone who can't add 2 plus 2 can see how the rich sometimes get richer at our expense. Read it and weep. But know that in the end, justice was done.

22 of 23 people found the following review helpful

5.0 out of 5 stars Review of Wild Ride November 1, 2001

By Mary Forte

Format:Paperback

Ann Auerback's investigational story is a compelling journey into a rarely discussed aspect of horse racing.
Auerbach details the history of Calumet Farm, once America's most famous Kentucky horsefarm. The author's love of horses is evident in her detailed account of events. It took much courage for Ann Auerbach to uncover and discover the truth about Calumet's fall. It will also take some backbone for Alydar fans and horselovers to read the facts presented.
I read this book for two reasons. I wanted to understand how a farm like Calumet could go from the best to the worst.I also needed to know what happened to Alydar after his racing fans were no longer watching him. Wild Ride answered both of my questions in a methodical and journalistic style.

15 of 16 people found the following review helpful

5.0 out of 5 stars A must read for Thoroughbred historians April 2, 2002

By Highland Bloodstock Co.

Format:Hardcover

Reads like a novel. An interesting peek inside one of the nation's most famous farms. Our copy has made the rounds of our barn many times, each border has read it at least twice. At times "Wild Ride" is sad, almost gut-wrenching, sometimes it can be rather amusing, and other times it reads like a Dick Francis murder mystery. This book belongs on every horseperson's desk. A valuable insight into early Thoroughbred history.