May 15 (Bloomberg) -- The birthplace of Secretariat, the winner of horse racing’s Triple Crown in 1973, will be up for auction a week from today following the foreclosure of the state fair that bought the property.
Meadow Farm, which was purchased by the State Fair of Virginia Inc. in 2003 and became the home of the fair in 2009, will be sold at foreclosure auction on May 22 by Motley’s Auction & Realty Group, according to its website.
Secretariat swept the Kentucky Derby, Preakness Stakes and Belmont Stakes as a 3-year-old colt. Thoroughbred racing hasn’t had a Triple Crown winner since Affirmed in 1978.
The farm, which played a central role in the 2010 Walt Disney Co. movie about Secretariat, was purchased by Christopher Chenery in 1932. He was in bad health when his daughter, Penny Chenery, took over management of the farm and bred Somethingroyal to Bold Ruler, producing Secretariat.
The State Fair of Virginia started in 1854 and is the longest-running event in the state, according to Motley’s. The property being auctioned on May 22 in Doswell, Virginia, about 26 miles north of Richmond, includes 331 acres of land, a 76,000 square-foot exhibition hall, and a 12,850 square-foot manor house.
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