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.
Keeneland and Fasig-Tipton have made changes to their November sales schedules to better accommodate horsemen attending the Breeders' Cup World Championships at Santa Anita Park Nov. 6 and 7. Keeneland's November breeding stock sale will begin Tuesday, November 10, at 10 a.m. (EST) and run through Sunday, November 22. Fasig-Tipton will conduct its select mixed sale on Tuesday, November 10, starting at 5 p.m. (EST).
Fasig-Tipton reversed the negative business trends seen at Thoroughbred auctions this year at its recent Saratoga select yearling sale, where the gross revenue, average price, and median price all enjoyed significant upswings from 2008. The second and final auction on the company's upstate New York calendar is the New York-bred preferred yearling auction, which will be held Aug. 15 and 16. Each session will start at 7 p.m. (EDT).
When Dubai-based Synergy Investments purchased Fasig-Tipton last year, officials of the auction firm said that one of the company's missions would be to bring in new participants to Thoroughbred racing. The initial effort, known as the Fasig-Tipton Racing Club, will involve a broad-based program that will identify racing enthusiasts who have the potential and desire to become active owners.
Buyers and consignors were upbeat as they prepared for the Aug. 10 start of the two-night Fasig-Tipton Saratoga select yearling sale in New York.
The Fasig-Tipton July select yearling sale, held July 20-21 in Lexington, ended with significant setbacks in gross revenue, average price, and median price, but managed to lower its buy-back rate from a year ago slighty. Read what sale company officials and sale participants had to say about the market.
Blood-Horse bloodstock sales editor Deirdre Biles recaps the first day of the Fasig-Tipton Kentucky July Select Yearling sale, plus an interview with Fasig-Tipton's Boyd Browning. Presented by OCD Pellets.
The Fasig-Tipton Kentucky fall select mixed sale will be conducted during two evening sessions on Nov. 9 and 10, a Monday and a Tuesday, in Lexington. That format is a change from recent years, when the auction had been held on a Sunday night.
Fasig-Tipton and Keeneland executives are raising questions about the the Society of International Thoroughbred Auctioneers' new guidlelines for older mares and barren mares, saying the policies they had agreed to support differed on one key point from what has appeared in recent published reports.
Fasig-Tipton has cataloged 235 horses for its Saratoga select yearling auction, which will be held Aug. 10-11 in upstate New York. The number is up 20.5% from a year ago, when there were 195 yearlings listed in the book.
Fasig-Tipton has cataloged 494 horses for its Kentucky July select yearling auction. The number is down 13% from last year's total of 568.
Tackling the biggest financial crisis since the Great Depression, Fasig-Tipton's Florida select sale of 2-year-olds in training suffered some bumps and bruises, but also scored a couple of minor victories. The number of horses sold rose from a year ago while the buy-back rate declined. Meanwhile, the gross revenue fell 25.5% and the average price dropped 31.5%. The median price was down 34.8%.
Fasig-Tipton Company and the New York Racing Association (NYRA) are teaming up to develop the inaugural Fasig-Tipton Festival of Racing at Saratoga Race Course The festival will be held the second weekend of the Saratoga racing season, Aug. 8 and 9, and will precede the Fasig-Tipton Saratoga select yearling auction Aug. 10 and 11.
Bayne Welker will join Fasig-Tipton's management team as an account executive early next year. He has been the director of public sales and stallion marketing at Mill Ridge Farm near Lexington for nine years. He also is the president of the Consignors and Commercial Breeders Association.
Fasig-Tipton's renovation and expansion of its Humphrey S. Finney Pavilion in Upstate New York will cost several million dollars, according to a Nov. 14 report in the Albany Business Review. In plans filed with the city of Saratoga Springs, the auction company's officials said they would use bluestone, slate, brick, and historic wood fencing to create a more upscale facility.
Even though we're in the midst of a global financial crisis, a special horse can still bring a jaw-dropping amount. Better Than Honour, the dam of back-to-back Belmont Stakes (gr. I) winners Jazil and champion Rags to Riches, set a world Thoroughbred auction record for a broodmare or broodmare prospect Nov. 2 when her price soared to $14 million during the Fasig-Tipton November select mixed sale in Lexington.
A small catalogue of boutique offerings combined with a dash of confidence from sale company officials and consignors could be the just the right recipe for the 2008 Fasig-Tipton Kentucky November select sale. The one-day auction begins at 3 p.m. at the sale company's Newtown Paddocks near Lexington.
Fasig-Tipton has applied for a building permit to expand its sale pavilion in Saratoga Springs, N. Y., according to the company's president, Boyd Browning. Much of the work planned for the Humphrey S. Finney Pavilion, he said, is designed to bring the building "up to date" to comply with the existing codes for handicapped access.
Fasig-Tipton will conduct 14 Thoroughbred sales in 2009 in five states: Kentucky, New York, Florida, Maryland, and Texas. There will be 25 days of auctions in all. The schedule begins with the Kentucky winter mixed sale in Lexington Feb. 8-9.
Dan Pride, the new executive vice president and chief operating officer of Fasig-Tipton, is going back to his auction roots in the Thoroughbred industry.
When Dubai-based Synergy Investments purchased Fasig-Tipton earlier this year, the auction company's officials vowed that one of their goals would be to improve customer service. And Fasig-Tipton already has begun delivering on that promise.
Fasig-Tipton has restructured its senior management team, it was announced Sept. 2. The changes include the addition of one of Sheikh Mohammed's key employees in America, Dan Pride, to the auction firm's executive ranks.
Fasig-Tipton will pay the nomination and entry fees for the horses sold at its recent Saratoga select yearling auction that are pointed to any of the six graded stakes for juveniles at Saratoga in 2009. It's just one of what could be many initiatives as the company attempts to reinvent itself.
The 2008 Fasig-Tipton Kentucky July yearling sale marked the first sale in which the auction company offered buyers the opportunity to have their horses tested for exogenous anabolic steroids.
Consignors say they have plenty of prospective buyers interested in their yearlings even though the news about the Ameican economy isn't good.
The purchase of Fasig-Tipton by Dubai-based Synergy Investments was finalized May 30, according to Boyd Browning, Fasig-Tipton's executive vice president and chief operating officer.
The purchase of Fasig-Tipton by Dubai-based Synergy Investments will be finalized May 30, according to Boyd Browning, Fasig-Tipton's executive vice president and chief operating officer.
The statistics for the Fasig-Tipton Midlantic preferred sale of 2-year-olds in training have been impressive in recent years.
Boyd Browning said the sale of Fasig-Tipton will provide more resources for the auction company, which hopes to promote the business and recruit new owners.
The Fasig-Tipton select juvenile auction has lost momentum following a glorious run that peaked with a series of world records in 2006 and 2007.
Consignors are busier than usual heading into Fasig-Tipton Calder juvenile sale.
Although fewer horses were sold, the two-day Fasig-Tipton Kentucky winter mixed sale posted increases in gross, average, and median during its opening session Feb. 10 at the sale company's Newtown Paddocks near Lexington.
Fasig-Tipton has opted not to conduct the 2008 Midlantic June 2-year-olds in training sale citing a lack of a market for a second juvenile sale in the region.
BloodHorseNOW.com's Ron Mitchell talks with Boyd Browning, chief operating officer for Fasig-Tipton Company recapping the Fasig-Tipton Kentucky Selected Fall Mixed Sale.
The 2007 edition of the Fasig-Tipton Kentucky November selected sale is expected to be a star-studded affair with grade I-winning broodmare prospects and grade I producers filling the catalog pages.
Consignors and sale company officials are predicting the Fasig-Tipton Midlantic Eastern fall yearling sale will break strong from the gate and hold a steady pace during its three-day run Oct. 1-3 at the Maryland State Fairgrounds in Timonium, Md.
The Fasig-Tipton Texas yearling sale posted increases in its gross revenue, median price, and average price.
- By Ron Mitchell
The trend seen at Saratoga more horses offered and sold at lower average prices sounds a clarion call that innovation is needed to attract and retain new Thoroughbred owners.
Fasig-Tipton officials are optimistic heading into the company's July select yearling auction, but the declining fortunes of yearling-to-juvenile pinhookers could reduce the demand for young horses.
For the second consecutive year, Fasig-Tipton has increased the catalogue for its Saratoga select yearling sale. The 2007 edition will see 214 horses sell over two days, Aug. 6-7.
Fasig-Tipton's Kentucky July select yearling sale has a catalog of 582 horses, up 22% from last year's book.
Big spenders gather at Calder Race Course in Florida for world's swankiest sale of 2-year-olds in training, which produced a world record price of $16 million in 2006.
Timber Trick, a Forestry filly, and a Forestry -- Frio Town filly were the fastest workers Sunday at Calder Race Course during the first under tack show for the Fasig-Tipton Florida select sale of 2-year-olds in training.
Dancing Band, a 4-year-old daughter of Dixieland Band, brought $250,000 to top Monday's concluding session of the Fasig-Tipton Winter Mixed Sale at the Lexington pavilion.
The two-day Fasig-Tipton Kentucky winter mixed sale posted increases in gross, average, and median during its opening session Feb. 11 at the sale company's Newtown Paddocks near Lexington.
The 301 horses in this year's Fasig-Tipton catalog for the Florida select sale of 2-year-olds in training represents a slight decline from last year's total of 309.
Fasig-Tipton's sale pavilion in Lexington, Ky., could get a major facelift in 2007.
While the Lord at War mare Inspirational brought $230,000 at the annual Adena Springs broodmare sale at Fasig-Tipton Kentucky's Newtown Paddocks Nov. 9, overall the sale posted losses in both average and median.
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