A Bernardini colt brings $1.2 million as the select yearling auction's average rises 15.9% and the median grows 4.2%.
On a day when the Dow Jones Industrial Average plunged more than 600 points, the opening session of Fasig-Tipton's Saratoga select yearling auction showed surprising strength in upstate New York Aug. 8.
Predicting how the Fasig-Tipton Saratoga select yearling sale will perform isn't an easy task. There are reasons to be encouraged and there are reasons to be concerned heading into the boutique auction.
The stakes-winning mare Richbabe and the Street Sense colt that was by her side brought the top price of $240,000 during the first phase of Bill and Corinne Heiligbrodt's dispersal.
Esther Marr talks with Boyd Browning, president of Fasig-Tipton, about the July Select sale. Sponsored by Taylor Made Sales Watch Video
Bucking a trend in which most public auctions have cut back on the number of horses offered, Fasig-Tipton has cataloged 216 New York-bred yearlings for its Preferred Sale in Saratoga Springs, N.Y.
Fasig-Tipton has cataloged 160 horses for its Saratoga select yearling sale. The number is down 20.8% from last year's total of 202. The 91st edition of the auction will be held Aug. 8 and 9 in New York.
Following the conclusion of the Fasig-Tipton Midlantic sale of 2-year-olds in training, president Boyd Browning said he was pleased that in spite of the fact there were 69 more horses sold this year the average was down 1.3%.
The opening day of the Fasig-Tipton Midlantic sale of 2-year-olds in training generated an average price that was only 1.7% below last year's comparable figure and a median price that was down 7.4%.
Fasig-Tipton president Boyd Browning is optimistic the Midlantic sale of 2-year-olds in training will continue to perform well.
Fasig-Tipton has not received payment for grade I winner Crisp and the broodmares Little Bonnet and Sky Mom, who were sold for more than $1.9 million combined during the 2010 Kentucky November select mixed sale.
Barns are busy at the Palm Meadows Training Center as the start of the world's fanciest juvenile auction approaches.
If the results of the under tack show Feb. 28 were any indication, the Fasig-Tipton Florida select sale of 2-year-olds in training is in the process of making a successful transition to its new home, Palm Meadows.
The Fasig-Tipton winter mixed sale improved its performance from a year ago in two key areas Feb. 7 in Lexington. The median price rose 7% and the buy-back rate dropped to 22.3% from 28.9% in 2010
Fasig-Tipton will move its March sale of 2-year-olds to the Palm Meadows Training Center in Palm Beach County for the first time beginning March 3.
Shoppers probably will remain cautious even though Breeders' Cup runners and their close relatives will be available.
Walt Robertson, a fixture in the auction stand at Fasig-Tipton sales for more than 30 years, will retire at the end of November.
The auction formerly was conducted at Calder Casino & Race Course.
The Fasig-Tipton Eastern fall yearling sale returned to more solid financial ground during its two-day run that ended Oct. 6 in Timonium, Md.
The Fasig-Tipton Midlantic Eastern fall yearling sale, which suffered significant setbacks in its key business figures last year, got some good news during its opening session Oct. 5 in Timonium, Md.
Fasig-Tipon officials expect to see more stability based on other yearling sale results.
The auction will be held Nov. 7 in Lexington, beginning at 4 p.m. (EST).
Fasig-Tipton planning to sell a group of mares in foal on Southern Hemisphere covers during the Kentucky November select mixed auction.
Gross, average, and median rise slightly; buy-back rate drops for New York-breds during first of two sessions Aug. 7 in Saratoga Springs, N.Y.
The gross fell 38.3% during the select yearling auction, which had enjoyed upswings in 2009.
"I think tonight reality has set back in," said consignor Mark Toothaker of Legacy Bloodstock after the average declined 13.8% from a year ago during the first session of the Fasig-Tipton Saratoga select yearling sale.
Fasig-Tipton management is trying to keep the good times rolling at Saratoga.
The bloodstock agent will serve as the company's representative in Central and South America.
Fasig-Tipton president Boyd Browning calls the Kentucky select auction a "solid" start to the yearling selling season.
The Fasig-Tipton Kentucky July select yearling auction generated results in the opening session that indicated the market for young Thoroughbreds hadn't changed much since last year, according to the sale company.
Consignors are pleased with the number of end users and pinhookers they are seeing.
Auction company will set up hospitality areas at Belmont Park, Churchill Downs, Hollywood Park, and Monmouth Park.
He is the managing parner of Pedigree Consultants, and his role with that company will remain unchanged.
Fasig-Tipton has cataloged 202 yearlings for its 90th annual select yearling sale at Saratoga Aug. 2 and 3.
After several 2009 Fasig-Tipton July yearling sales graduates won graded stakes over the Memorial Day weekend, the sale company announced that 407 yearlings had been catalogued for this year's sale in Lexington July 13-14.
Richard Brown has been appointed as Fasig-Tipton's new European representative. Now working for Blandford Bloodstock, Brown is a regular participant in sales in North America and throughout the world.
American breeders and sales companies now have access to India, a market that had been off-limits to U.S. horses for the last five years due to import restrictions.
Gross, average, and median rise 23%, 14%, and 8%, respectively, while the buy-back rate falls, and a $650,000 Medaglia d'Oro filly sets a record for a female Thoroughbred sold at public auction in Maryland.
Improvements, which are scheduled to be completed in late June or early July include new seating, lighting, and colors.
Graves is the vice president of recruiting and selections; Welker is the vice president of sales.
The auction has attracted a large group of domestic and foreign buyers.
Company president Boyd Browning says catalog is one of the strongest Fasig-Tipton has ever put together for a juvenile auction.
Auction, which is scheduled for Feb. 8 in Lexington, has 115 yearlings among its offerings.
Fasig-Tipton has made minor adjustments to the timing and format of its 2010 Kentucky July selected yearling sale, which will be held at Newtown Paddocks near Lexington on Tuesday and Wednesday, July 13 and 14.
Several sale company officials and horsemen talk about what they think will happen in the commercial Thoroughbred marketplace in 2010.
The 35,000-square-foot structure is 2 1/2 stories tall.
This year, without as much star power, the Fasig-Tipton Kentucky November select mixed sale suffered sharp downturns of 59.4% in gross revenue, 52.7% in average price, and 32% in median price Nov. 10.
While the plunging economy was pounding other mixed sales late in 2008, the Fasig-Tipton November select auction generated spectacular results. The gross revenue rose 35.1% from the previous year while the average price and median prices increased 58.8% and 38.9%, respectively.
Fasig-Tipton's Kentucky fall yearling sale isn't as fancy as the company's Saratoga and Kentucky July select auctions, but as a producer of Kentucky Derby Presented By Yum! Brand (gr. I) winners, it stands out. Big Brown, who captured the Run for the Roses in 2008, and Mine That Bird, who scored in the first leg of the Triple Crown this year, both are graduates of the October sale.
The market was livelier during the second and final session of the Fasig-Tipton Midlantic Eastern fall yearling sale Oct. 6 in Maryland.
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