Fasig-Tipton

The July Sale 2014

  • July 14, 2014 10:00 a.m.

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Buy-Back Rate Down at FT Midlantic Sale

Buy-Back Rate Down at FT Midlantic Sale

The Thoroughbred market's dismal downward trend this year continued during the opening session of the Fasig-Tipton Midlantic Eastern fall yearling sale Oct. 5 in Maryland. The gross revenue suffered a moderate 9.5% loss from 2008, but the median price plummeted 35% while the average price fell 19.4%.

Reviews Positive for Sale Pavilion Upgrades

Reviews Positive for Sale Pavilion Upgrades

Prices dropped during the opening session of the Fasig-Tipton Midlantic Eastern fall yearling sale Oct. 5 in Maryland, following a trend that has been seen at nearly every Thoroughbred auction this year. But there were still a lot of smiling faces as buyers and consignors praised the newly renovated sale pavilion at the State Fairgrounds in Timonium.

F-T Midlantic Sale Will Enjoy Upgrades

F-T Midlantic Sale Will Enjoy Upgrades

The Fasig-Tipton Midlantic Eastern fall yearling might struggle like nearly every other Thoroughbred auction this year, but at least the buyers and consignors will have a newly renovated sale pavilion to enjoy Oct. 5 and 6 in Timonium, Md. According to Fasig-Tipton officials, there will be dramatic changes in the appearance of the once drab facility.

Kentucky November Mixed Sales' Dates Changed

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).

Median Rises at F-T Texas Sale; Gross Plunges

Median Rises at F-T Texas Sale; Gross Plunges

Reduced to a one-day sale, the Fasig-Tipton Texas summer yearling auction posted a gross that was down significantly Aug. 31 at Lone Star Park. Under last year's two-day format, 443 horses were cataloged, but only 319 were offered this year, contributing to a 43.9% decline in the gross, from $3,369,700 to $1,889,400. The buy-back rate rose from 36.6% in 2008 to 42%, with only 185 head selling. While the median increased to $5,000 from $4,500, the average dipped from $11,992 to $10,213, a 14.8% decline.

IEAH: Saratoga Buys Could Be Pinhooked

IEAH: Saratoga Buys Could Be Pinhooked

International Equine Acquisitions Holdings (IEAH), through agent Nick Sallusto, was the biggest-spending domestic buyer at the recent Fasig-Tipton Saratoga select yearling auction in New York, paying $2,150,000 for six yearlings. All the horses could be offered next year at sales of 2-year-olds in training, according to IEAH president and director Michael Iavarone.

Business Down at F-T Preferred Yearling Sale

Business Down at F-T Preferred Yearling Sale

A Medaglia d'Oro colt brought the sale-topping price of $275,000 as the Fasig-Tipton New York-bred preferred yearling auction ended its two-night run Aug. 16 in Saratoga Springs, N.Y, well behind last year's record-setting pace. Trainer Seth Benzel, agent for Whitehall Stable, purchased the bay yearling. James Pippo is the president of Whitehall, which puts together racing partnerships.

N.Y.-Bred Sale Next Up for Fasig-Tipton

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).

F-T Starts Effort to Attract New Owners

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.

Gross Rises 45.6% at Saratoga Sale

Gross Rises 45.6% at Saratoga Sale

Fasig-Tipton officials worked hard, and Sheikh Mohammed shopped hard. The end result was a soaring Saratoga select yearling sale that provided its participants with a brief, two-evening respite from all the bad news generated by a struggling Thoroughbred industry that is reeling from a global financial crisis and its own internal problems. In a performance most unusual in these difficult economic times, the auction enjoyed upswings from 2008 of 45.6% in gross revenue, 11.1% in average price, and 9.9% in median price.

Saratoga Strange: Filly's Buyer Flees

"I've never seen anything like this," said Holly Bandoroff of Denali Stud of a bizarre incident that involved a well-bred dark bay or brown filly, a bald man in a plaid shirt, at least three Fasig-Tipton officials, and several policemen during the second and final session of the Fasig-Tipton Saratoga select yearling sale in New York Aug. 11.

Mo Momentum: Sheikh Boosts Saratoga Sale

Mo Momentum: Sheikh Boosts Saratoga Sale

Boosted by the Sheikh Mohammed stimulus package, the Fasig-Tipton Saratoga select yearling sale got off to a sizzling start Aug. 10 in New York at a time when the struggling economy is causing prices to fall at other Thoroughbred auctions. The gross revenue for the 76 horses that sold was $25,470,000, which was a whopping 40.3% increase from the opening session a year ago. The average price grew 10.7% to $335,132, and the median price increased 6.4% to $250,000.

Sheikh Mohammed in Saratoga for Sale

Sheikh  Mohammed in Saratoga for Sale

Sheikh Mohammed, the world's biggest Thoroughbred auction spender, inspected yearlings consigned to the Fasig-Tipton Saratoga select yearling sale the morning of Aug. 10, just hours before the 6 p.m. (EDT) start of the New York auction. As a light rain fell, the ruler of Dubai looked at some horses while standing under the cover of the new walking ring. He previously had visited the Fasig-Tipton sale grounds early in the evening on Aug. 9.

Saratoga Surge? Sale Could Be Solid

Saratoga Surge? Sale Could Be Solid

The unemployment rate is down; more homes are being sold; the stock market is on the upswing; and some companies that were hit hard by a plunging economy are starting to make money again. With the recession showing signs of easing, is a rebound in the Thoroughbred marketplace on the horizon?

Exotic 'Encosta' Colt in Saratoga Sale

The Fasig-Tipton Saratoga select yearling sale will have a touch of the exotic this year with a colt by Encosta de Lago among its offerings. Encosta de Lago was the leading sire in Australia for 2008/2009, and his offspring generate bidding frenzies when they're sold Down Under. But will buyers at Saratoga be interested when they have a chance to buy one of the stallion's sons Aug. 11, during the second session of the New York auction?

Sam-Son a New Saratoga Consignor

Sam-Son Farm, one of Canada's most successful Thoroughbred breeding and racing operations, will have a consignment at the Fasig-Tipton Saratoga select yearling auction, Aug. 10 and 11, in New York. The five horses cataloged include an A.P. Indy colt that is a full brother to Canadian champion Catch the Thrill and a Giant's Causeway filly that is from the family of Eclipse Award winner and Canadian Horse of the Year and Triple Crown winner Dance Smartly.

F-T's Blue Horse Charities Awards $218,685

Blue Horse Charities, a wholly-owned subsidiary of Fasig-Tipton, is awarding $218,685 to 52 non-profit Thoroughbred adoption and retraining centers this year. The non-profit charities were chosen to receive grants based on the number of horses they placed into new permanent homes after retirement from racing.

F-T, NYRA to Offer $100,000 'Jackpot'

F-T, NYRA to Offer $100,000 'Jackpot'

Fasig-Tipton and the New York Racing Association are teaming to award a $100,000 "Juvenile Jackpot" to the first graduate of the 2009 Fasig-Tipton Saratoga select yearling sale that wins a graded stakes during the 2010 Saratoga meeting in New York. Should no juvenile qualify for the prize in 2010, the award will double to $200,000 for Fasig-Tipton yearlings purchased that year that run at Saratoga in 2011.

F-T Texas Sale Has 370 Yearlings

Fasig-Tipton's Texas division has cataloged 370 horses for its yearling sale. The number is down 26.9% from last year's total of 506, and the auction's length has been reduced from two days to one. The sale is scheduled for Aug. 31 at Lone Star Park, beginning at 10 a.m. (CDT).

Looking Back: People Discuss F-T July Sale

Looking Back: People Discuss F-T July Sale

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.

BC3 Pinhookers Taking Global Approach

BC3 Thoroughbreds, the yearling-to-juvenile pinhooking venture that is best known for selling grade I winner Brother Derek, has broadened its horizons. Started by Utah horsemen John Brocklebank and Shane Chipman, BC3 has an ambitious plan to buy and resell young horses in this country, Australia, and Asia.

F-T July Drops, But 'Medaglia' Fillies Shine

F-T July Drops, But 'Medaglia' Fillies Shine

Fasig-Tipton's July select yearling sale ended with a bang instead of a whimper in Lexington, getting a boost from the progeny of the hot stallion Medaglia d'Oro. Even though the key business figures were down from the previous year, the final day produced the auction's highest price and results that were stronger than the opening day's statistics.

Fasig-Tipton Sale: Day One Recap (Video)

Fasig-Tipton Sale: Day One Recap (Video)

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.

F-T Auction Kicks Off Yearling Selling Season

F-T Auction Kicks Off Yearling Selling Season

Even though the stock market has been enjoying a recent rally, buyers and sellers of young horses aren't expecting a similar rebound in yearling prices. Heading into the Fasig-Tipton Kentucky July select auction, which kicks off the 2009 yearling selling season, some people were predicting further downturns of 30% or more in key business figures, mainly because the health of the overall economy, here and abroad, remains weak.

New F-T Consignors Eager for Challenge

New F-T Consignors Eager for Challenge

Launching a new business venture in the midst of a global financial crisis would be a daunting task for most people, but the connections of several new consignments at the Fasig-Tipton Kentucky select yearling auction seemed eager to take on the challenge the weekend before the sale's July 20 start.

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