Chestertown Slew

[SniperSB23]

So something doesn't add up here. Chestertown Slew sold for $32,000 at Keeneland January to a regular owner at Turf Paradise. He's now entered in a pretty tough $75K stakes race there. How can a NY bred capable of running in open stakes company only be worth $32K? And why the heck would you bring a NY bred out to Turf Paradise? Is the new owner out of his mind or did the previous owner give him away for nothing? There is also the fact that he's an intact son of Seattle Slew to throw into the equation. Anyways, here is the field:

Turf Paradise - February 16th, 2008 - Race 8
Turf Paradise H. - Grade:
Estimated Local Post Time: 4:14 PM
Race Type: Stakes
Breed: Thoroughbred
Age Restriction: Four Year Old and Upward
Purse: $75,000
Distance: One And One Sixteenth Miles
Surface: Turf
Post Horse Name Age Sex Weight Jockey Name
1 Capitano (PA) 7 Horse 117 Glenn W. Corbett
2 Chestertown Slew (NY) 6 Horse 114 Luis Contreras
3 Prorunner (KY) 6 Gelding 115 Sandi Lee Gann
4 Twin Sparks (KY) 5 Gelding 115 Miguel Hernandez
5 Bad Boy (KY) 4 Gelding 117 Seth B. Martinez
6 Power Strokin (FL) 7 Gelding 115 Daniel P. Vergara
7 Running Free (CA) 7 Gelding 115 Wilson Omar Dieguez
8 Willow O Wisp (FL) 6 Gelding 122 Alonso Quinonez
9 Crested (GB) 5 Gelding 123 Brice Blanc
10 Billy Allen (IRE) 7 Horse 117 Chris Landeros
11 Fitz Flag (ARG) 8 Horse 120 G. F. Almeida