It's often said that it's better to ask for forgiveness than permission. That's the philosophy Mac Robertson followed in 2017, when the trainer went to a horse sale in Kentucky to bid on a Minnesota-bred yearling for client Joe Novogratz.
Novogratz, of Chanhassen, gave Robertson a limit on what he was willing to pay. When a bidding war sent the price well past that number, Robertson kept going — all the way to $200,000. Though Novogratz said he had "big-time hesitation" about shelling out far more money than he intended, he didn't need to forgive Robertson for breaking the budget on Mister Banjoman.
The 3-year-old gelding already has recouped his purchase price, earning $201,621 with five victories in eight career starts. Sunday, he will run in the $100,000 Minnesota Sprint Championship at Canterbury Park, as Novogratz seeks his first-ever victory in the Minnesota Festival of Champions for state-bred horses. Though he has owned racehorses since the Shakopee track first opened in 1985, Novogratz only recently began buying Minnesota-breds, including the one that didn't get away.
"Mac evaluated him before the sale and liked him," Novogratz said. "A couple other people had as much interest in him as Mac did, and that's what escalated the price. We could let somebody else buy him, or we buy him.
"For a Minnesota-bred gelding, to pay $200,000, I was scratching my head. I was hoping he was going to be very, very special. And to this point, he's a pretty special horse."
Novogratz has been Canterbury's leading owner in each of the past three seasons, sharing the title last year and winning it outright in 2016 and 2017. An honorable-mention All-America linebacker at Pitt, he briefly played in the Vikings organization in the mid-1960s until a skiing accident ended his football career.
The founder of Chanhassen-based IDI, an insulation-distribution business, Novogratz said "having a Minnesota-bred did not really hit my fancy" until Mister Banjoman came along. Bred by Almar Farm Partners, his looks and pedigree already were turning heads before he was sent to Kentucky's prestigious Fasig-Tipton October yearling sale.
When the bidding ended, Novogratz had unknowingly set a record. According to industry publication The Blood-Horse, the $200,000 price is the highest ever paid for any of the 101 yearling geldings sold at a public auction since 1980.