SANTA ROSA, Calif., July 29 Rick Weekley of Mason, Ohio, outbid all comers to gain the training halter worn by champion racehorse Rachel Alexandra prior to her historic victory in the Preakness this year--the first win by a filly in that race since 1924. The winning bid--$2,859.99--will be donated by the horse's owners, Jess Jackson and Barbara Banke, to The V Foundation for Cancer Research.
Today, the second item in the five-item series will go up for bid at www.kj.com. The new item is Rachel Alexandra's blue-and-white, # 3 Saddle Towel, worn during her 19-length, runaway victory in the Mother Goose Stakes last month.
In June Kendall-Jackson Winery announced the five-month-long charity auction featuring items, donated by winery owners Jess Jackson and his wife, Barbara Banke, that are related to Rachel Alexandra's already-historic thoroughbred racing season. A new item and new auction will be introduced every month through November.
Each successive month's item will be more valuable--culminating in a Super Lot in November. All of the proceeds from the auction will benefit The V Foundation for Cancer Research. Each item will have a "blind reserve" bid amount--that amount is guaranteed by Jess Jackson and Barbara Banke to be the least amount donated to the charity--even if bidding is below that amount and the item is not sold.
The final, Grand Item will be auctioned in November. The cumulative total of all auction proceeds will be presented to The V Foundation after Rachel Alexandra's last race of the season, or no later than November 30, 2009.
As bids are taken and recorded, a real-time total will show where the price stands at any given moment. In addition, a cumulative total of money raised to date will be featured on the Kendall-Jackson web site home page.
Every month, the winning bidders will be posted and announced to the press (unless they decline to be identified). Though 100% of each auction purchase will go The V Foundation for Cancer Research, a nonprofit qualified under Section 501(c)(3) of the Internal Revenue Code, purchases of auction items are not tax-deductible.
"We are heartened to see how people value both Rachel's collectible items and the opportunity to help in the fight against cancer," said Jackson. "Hopefully, every item will raise more money to fund this battle."
The V Foundation for Cancer Research was founded by ESPN and Jim Valvano in 1993. Since that time The V Foundation has raised more than $80 million and has awarded cancer research grants in 38 states and the District of Columbia. Researchers have developed their laboratories and taken their science from the labs to the clinics with the help of funds raised by The V Foundation.
SOURCE Kendall-Jackson Winery