The Fasig-Tipton Florida select sale of 2-year-olds in training, held March 3 at Calder Race Course, suffered downturns of 25.5% in gross revenue, 31.5% in average price, and 34.8% in median price. The number of horses sold rose 8.8% while the buy-back rate dropped to 35.5% from 40.4% a year ago. Read what people at the auction had to say about the market:
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%.
Cup o' Joe, a handsome Medaglia d'Oro colt, became the highest priced horse sold so far at the Fasig-Tipton Florida select sale of 2-year-olds in training when he brought $1.6 million from Sheikh Mohammed's bloodstock manager John Ferguson.
A strapping Unbridled's Song colt named Cornerstone broke through the seven-figure price barrier a little more than two hours into the Fasig-Tipton Florida select sale of 2-year-olds in training March 3 at Calder Race Course. Sheikh Mohammed's bloodstock manager John Ferguson paid $1.1 million for the gray or roan juvenile.
Fasig-Tipton will report private sales in addition to horses sold in the auction ring during its Florida select sale of 2-year-olds in training March 3 at Calder Race Course. The juveniles sold privately will be designated on the sale summary sheet as (PS), which stands for private sale. The private sales will be included in the auction's final statistics.
The fanciest juvenile sale in the world faces off against the biggest financial crisis since the Great Depression March 3 at Calder Race Course, and based on the results of other recent Thoroughbred auctions, prices probably will be down considerably.
Here is a list of juveniles that buyers and consignors at Calder Race Course were talking about the most one day before the March 3 Fasig Tipton Florida select sale of 2-year-olds in training.
These 2-year-olds stand out because of their workout times, yearling purchase prices, and pedigrees.
When Dubai-based Synergy Investments purchased Fasig-Tipton last year, Sheikh Mohammed's bloodstock manager, John Ferguson, vowed the Kentucky-based auction firm would strive to offer higher levels of customer service. According to shoppers at Fasig-Tipton's Florida select sale of 2-year-olds in training, the company is fulfilling that promise.
The fastest times were slower than they were a year ago during the under tack show for the Fasig-Tipton Florida select sale of 2-year-olds in training. But the auction firm's officials and consignors said they weren't surprised or disappointed for a couple of reasons.
If the recent Ocala Breeders' Sales Co. (OBS) February select sale of 2-year-olds in training was any indication, it's going to be a tough year for yearling-to-juvenile pinhookers. The rate of return (ROR) on their investment, 30.7%, ranked among their worst ever based on figures that date back to 1990. It was the weakest since the ROR dropped to its lowest point during the 20-year period of 17.1% in 1993.
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.
Prices tumbled at the the Fasig-Tipton Kentucky winter mixed sale Feb. 9 in Lexington, following the downward trends that have been seen at other recent auctions. The average price dropped 42.8% while the median price fell 28.6%. A much smaller sale catalog than in 2008 contributed to the 62.9% decline in the gross revenue.
The 2008 Fasig-Tipton Kentucky winter mixed auction posted an 18.9% gain in average price. The gross revenue rose 1.9% while the median price remained the same as in 2007. But this year's edition of the sale, scheduled for Feb. 9 in Lexington, isn't expected to perform as strongly.
DataTrack International, a company that that quantifies speed, stride length, and motion analysis at juvenile auctions, recently announced the results of a study of sale 2-year-olds that looked at the types of surfaces over which the horses were breezed during under tack shows and then followed how they performed in races over synthetic and dirt tracks.
Leprechaun Racing's Mike Mulligan, chairman of the National Association of Two-Year-Old Consignors, discusses the uniform sale policies for medication, prohibited practices, riding crops and horseshoes.
Fasig-Tipton is teaming with Gulfstream Park to sponsor the $250,000 Fountain of Youth Stakes (gr. II). The 63rd running of the race, which will called the "Fasig-Tipton Fountain of Youth Stakes," is scheduled for Feb. 28 in South Florida. The Fasig-Tipton Florida select sale of 2-year-olds in training will be held March 3.
The four major U.S. sale companies - Barretts, Fasig-Tipton, Keeneland, and the Ocala Breeders' Sales - have issued a set of uniform policies that will govern medication, prohibited practices, riding crops, and horseshoes, effective with the Feb. 17 OBS selected sale of 2-year-olds in training.
Fasig-Tipton will catalog 272 horses for its Florida select sale of 2-year-olds in training, according to the company's chairman, Walt Robertson. The number is about the same as in 2008, when 270 horses were in the book.
Fasig-Tipton has catalogued 306 horses for the Kentucky winter mixed sale, which will be held in Lexington Feb. 9. The auction will begin at 10 a.m. (EST).
The National Museum of Racing's Hall of Fame ceremony in Saratoga Springs, N.Y., which for a number of years has taken place on a Monday in early to mid August, will be moved to Friday, Aug. 14 this year.
Construction is under way on a new office building at Fasig-Tipton's Newtown Paddocks property near Lexington. The structure, which will be located in front of the sale pavilion, will have three levels (two above ground and a basement). A walkway will connect the second above ground level of the office building with the second story of the sale pavilion.
Despite the global economic slump, Thoroughbred Charities of America was able to raise a gross of $1.3 million dollars at its annual Stallion Season and Art Auction Dec. 5.
The Fasig-Tipton Texas December mixed sale, which was the last major Thoroughbred auction of the year in this country, followed the downward trend that has plagued the equine marketplace in recent months. The gross revenue plummeted 46.7% Dec. 14 compared to a year ago, while the average price dropped 36%. The median declined 14.3%.
The Fasig-Tipton December mixed sale, this country's last major Thoroughbred auction of the year, will be held Dec. 14 at Lone Star Park in Grand Prairie. There are 221 horses listed in the catalog: 142 broodmares or broodmare prospects, 44 weanlings, and 35 yearlings or horses of racing age.
Jerry McMahon discussed his decision to leave Barretts, the health of the Thoroughbred auction business in California, his plans for the future, and other topics with The Blood-Horse Dec. 9.
The Fasig-Tipton Midlantic December mixed sale, like many other auctions lately, suffered significant downturns in business. Compared to 2007, the gross plunged 43.1% Dec. 8 in Timonium, Md. However, the average price and median price experienced less severe losses, dropping 12.3% and 14.3%, respectively.
Jim and Treasa Donnan and Terry Bailey's unbeaten Ocala Breeders' Sales Co. (OBS) auction graduate Trinity Magic has been a blessing for Blessed Trinity Catholic Church in Ocala, Fla., since the 2-year-old colt was pinhooked out of a yearling sale in 2007, and the stakes are going up if he gets to the starting gate in the $1-million Delta Jackpot Stakes (gr. III) Dec.7.
Fasig-Tipton has formed an advisory board of directors to assist the company's management in its auction ventures and other related initiatives in the Thoroughbred industry. Fasig-Tipton chairman Walt Robertson is chairing the advisory board, and Fasig-Tipton chairman emeritus D. G. Van Clief Jr. is a board member.
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.
The Texas division of Fasig-Tipton has cataloged 221 horses for its mixed sale at Lone Star Park in Grand Prairie Dec. 14. There are 142 in-foal mares or broodmare prospects, 44 weanlings, and 35 yearlings or horses of racing age listed in the book.
The Sales Integrity Program managed by the Thoroughbred Owners and Breeders Association released data compiling the number of exogenous anabolic steroid tests and ownership registry submissions for the Fasig-Tipton, Keeneland, and Ocala Breeders' Sales Co. summer and fall yearling sales.
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.
Stardom Bound, winner of the Bessemer Trust Breeders' Cup Juvenile Fillies (gr. I) and the probable champion 2-year-old filly, brought $5.7 million from IEAH Stables, which is headed by Michael Iavarone and Richard Schiavo, late in the afternoon of Nov. 2 at the Fasig-Tipton Kentucky November select mixed sale. Her new trainer will be Rick Dutrow, who conditioned recently retired Kentucky Derby Presented By Yum! Brands (gr. I) and Preakness Stakes (gr. I) winner Big Brown for IEAH and partners.
Grade I winner Madcap Escapade, in foal to A.P. Indy, sold for $3.1 million Nov. 2 to kick off the Fasig-Tipton Kentucky November select mixed auction in Lexington. Cataloged as Hip No. 2, Madcap Escapade was the first horse in the sale ring because Hip No. 1, grade I winner Great Hunter, was scratched.
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.
With the economy struggling and the buy-back/no bid rates at Thoroughbred auctions rising, the issue of unwanted horses is a growing concern. Antony Beck, president of Gainesway Farm in Lexington, decided to try to do something about by sponsoring an adoption service on the Web site of The Blood-Horse's sister publication, The Horse (www.TheHorse.com).
Amongst all the equine sapphires and emeralds selling at the 2008 Fasig-Tipton Kentucky November select mixed sale, breeders are also going to be offered the chance to buy the equine equivalent of the Hope Diamond.
HRTV's coverage of the sale will be interspersed throughout the network's live airing of the final races from both Churchill Downs and Aqueduct, which begin earlier in the afternoon.
Fasig-Tipton has cataloged 389 entries for its Midlantic December mixed sale in Timonium, Md. Previously scheduled for two days, the sale now will be conducted in a single session on Monday, Dec. 8.
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.
Charles Cono's Stardom Bound, winner of the Bessemer Trust Breeders' Cup Juvenile Fillies (gr. I), will be offered as planned at the Fasig-Tipton Kentucky November select mixed sale Nov. 2, said her trainer, Christoper Paasch Oct. 29.
A number of female runners that competed in the Breeders' Cup World Championships at Santa Anita Park are entered in the upcoming Fasig-Tipton November select mixed and Keeneland November breeding stock sales in Lexington. By far the most successful was Stardom Bound, who scored in the Bessemer Trust Juvenile Fillies (gr. I) as the favorite. She is Hip No. 65 in the Fasig-Tipton auction, which is scheduled for Nov. 2.
The 2008 Fasig-Tipton Kentucky fall yearling sale suffered across the board declines in its opening session Oct. 20 at the sale company's Newtown Paddocks near Lexington.
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.
Ariege, winner of this year's Santa Anita Oaks (gr. I), will be offered at the Fasig-Tipton Kentucky November select mixed sale. She will be consigned by Hidden Brook and will be Hip No. 157A in the auction, which will be held Nov. 2 in Central Kentucky.
The sale pavilion where Fasig-Tipton's Midlantic division conducts its auctions will undergo "positive cosmetic changes" during a renovation that will begin following the winter mixed sale in December, according to Fasig-Tipton's director of marketing,
Fasig-Tipton has launched a full online version of its November select mixed sale catalog, featuring 188 offerings. The technology includes race videos of graded winners and a unique "book-like" interface that allows the user to turn virtual pages.
Tony Bowling is "All In" for the 2009 2-year-old in training sale season. The Ocala, Fla.-based pinhooker has left long-time partner Bobby Dodd and has formed All In Sales agency.
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