Boyd Browning

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Buybacks Down at F-T Sale; Average Drops

Buybacks Down at F-T Sale; Average Drops

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%.

F-T Racing Festival Set for Saratoga

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.

Welker to Join F-T Management Team

Welker to Join F-T Management Team

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.

Details of Saratoga Renovation Reported

Details of Saratoga Renovation Reported

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.

Better Than Honour Sets World Record

Better Than Honour Sets World Record

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.

Confidence High at FT November Sale

Confidence High at FT November Sale

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.

Expansion Planned for Saratoga Pavilion

Expansion Planned for Saratoga Pavilion

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.

F-T Has 14-Sale Schedule in 2009

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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.

Fasig-Tipton Paying Consignors Faster

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.

F-T's Future: Bigger and Better

F-T's Future: Bigger and Better

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.

Sale of Fasig-Tipton Complete

Sale of Fasig-Tipton Complete

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.

Fasig-Tipton Sale Posts Gains

Fasig-Tipton Sale Posts Gains

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.

Market Analysis: New Owners Needed

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 Midlantic Sale Ends With Record Gross

A half-sister to recent Matron Stakes (gr. I) winner Meadow Breeze provided an exciting ending to the Fasig-Tipton Midlantic Eastern fall yearling sale Wednesday, topping the auction with her $220,000 price late during the third and final session in Maryland.

Breeders' Cup Connections Add Excitement to Kentucky Mixed Sales

If you enjoyed the Breeders' Cup World Thoroughbred Championships, you'll get to relive some of the excitement during the upcoming mixed sales in Central Kentucky. Several runners who competed in the Breeders' Cup are scheduled to be offered during Fasig-Tipton's November select auction on Sunday, beginning at 4 p.m. (EST), and the Keeneland November breeding stock sale that kicks off Monday at 10 a.m. and runs through Nov. 18.

Fasig-Tipton October Harvest Shows Market Color

Amid continued high buyer demand, the expanded Fasig-Tipton Kentucky Fall Yearling Sale concluded Wednesday with the auction house posting across the board gains when compared to its two-day cataloguing last year. Held over three days, cumulative figures showed substantial improvement over the company's 2004 sale in gross, average, and median prices.

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