Fasig-Tipton Adds Horses of Racing Age Sale
by Blood-Horse Staff
Date Posted: 2/8/2013 10:48:25 AM
Last Updated: 2/9/2013 10:36:21 AM
Fasig-Tipton has announced the addition of a horses of racing age sale in July that will be innovative in how horses are selected and marketed prior to the auction.
The new auction will be Monday, July 15 in Lexington, following Fasig-Tipton Kentucky's summer yearling sale. The new sale will have a separate catalog.
As part of its initiative to take advantage of new technologies, the traditional, printed catalog will be available only on the sales grounds just prior to the sale. According to a release from Fasig-Tipton, having an on-site only printed catalog will permit entries to be accepted up to a week or so prior to the auction.
Entries, pedigrees, race records, race videos, and workout information will be published in an interactive part of the company's website. E-mails and other interactive alerts will be sent to potential buyers with additions to the catalog and updated race and training information, according to the release. In addition, current digital radiographs will be provided for all entries.
"In the Thoroughbred world, this auction will feature many changes in the way active racehorses are marketed," Fasig-Tipton president Boyd Browning said in a release. "To now, selling a racehorse has been dominated by private negotiation. Sellers have been at a distinct disadvantage because this process limits competitive bidding. We are looking to change that.
"For a horse coming off a good race or showing good form, the midsummer timing of the sale is ideal," Browning continued, "and we're confident that a broader buying base, especially encouraging trainers to come to Lexington, will have a positive impact on both the yearling and the racehorse sales. We are excited to bring the auction process to this active segment of the market. We will be looking for horses with meaningful racing potential and will offer potential buyers the comfort level and safeguards provided by a public auction."
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