But never has it had an item like this before. It is expecting a flurry of activity on the weekend before bidding on the trophy closes at 6pm on Sunday.<\/p>\n
The top bid was just $65,000 on Friday morning, but that was expected to climb significantly nearer the deadline.<\/p>\n
<\/p>\n
The 2018 Everest trophy won by Redzel.<\/span>Credit: <\/span>Dominic Lorrimer<\/cite><\/p>\n \u201cUsually people are coy about their bidding until the last minute,\u201d said Lawsons representative Seve Samios. \u201cWe recently did a sale of Nick Moraitis\u2019 [racing] trophies and through that advertising, the owner of [The Everest trophy] came through.\u201d<\/p>\n But who is actually offering the trophy up for sale? That information remains a mystery, with the trophy thought to have been bought privately years ago after discussions between Redzel\u2019s group of syndicated owners.<\/p>\n It\u2019s not the first time an Everest trophy has been embroiled in drama.<\/p>\n Redzel\u2019s first win in 2017 resulted in syndication company Triple Crown being taken to court over allegations the trophy was sold privately without the knowledge or permission of the horse\u2019s owners.<\/p>\n Redzel\u2019s jockey Kerrin McEvoy celebrates his 2018 win.<\/span>Credit: <\/span>Dominic Lorrimer<\/cite><\/p>\n Triple Crown denied the allegations and any wrongdoing, and claimed they were exonerated by Racing NSW stewards.<\/p>\n According to sources familiar with the case not authorised to speak publicly about the matter, the legal action was eventually resolved via settlement between the parties.<\/p>\n The Everest\u2019s rapid growth has stifled Melbourne\u2019s stranglehold on the spring carnival, but the issue of what to do with a jaw-droppingly expensive trophy has proved a troublesome one.<\/p>\n As part of entering a horse for a race, the slot holder and horse\u2019s connections usually sign complex legal agreements which generally decide how the prize money and trophy will be split up.<\/p>\n Yet for at least one, keeping the trophy is maybe more hassle than it\u2019s worth.<\/p>\n Sports news, results and expert commentary.<\/i><\/b> Sign up for our Sport newsletter<\/i><\/b>.<\/i><\/b><\/p>\n<\/p>\n
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