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Singapore Lilly to sell at Fasig to recover debt

GROUP 1-placed two-year-old Singapore Lilly is set to be sold by Tattersalls at the Fasig-Tipton November Sale on November 6 as the auction house seeks to recoup some of the six-figure debt relating to the filly.

Tattersalls recently took possession of the three-year-old daughter of Mujadil after having not received payment following her 210,000gns sale to Californian owner Jeffrey DeHaven through Gordian Troeller at last year's December Sale.

Runner-up in the Grand Criterium for Mick Channon prior to her sale, the filly has recorded three unplaced efforts at stakes level this season for trainer James Cassidy in California. She will not run again before the time of sale.

"We have taken possession of Singapore Lilly and shewill be resubmitted for sale at Fasig Tipton in order to recover the outstanding debt," said Jimmy George, marketing director of Tattersalls, yesterday.

"The debtor remains liable for all outstanding sums should her sale notcover the full amount owed."

Singapore Lilly was the first Tattersalls purchase made by DeHaven, who had obtained sale credit in California for up to $500,000 and signed an authorization agent's form permitting Troeller to act onhis behalf.

After efforts to retrieve payment were unsuccessful, Tattersalls launched a lawsuit in August in California against DeHaven seeking the return of Singapore Lilly and alleging breach of contract, unjust enrichment, specificperformance, conversion and trespass to chattel.

 

 

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