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.
A muscular bay son of first-crop sire and champion Bernardini became the first horse to command seven figures Aug. 10 during the opening session of the Fasig-Tipton Saratoga select yearling auction, bringing $1.2 million from Sheikh Mohammed.
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.
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.
Here is a list of horses that buyers and consignors believed could bring high prices during the second session of the Fasig-Tipton Saratoga select yearling sale Aug. 11 in New York.
Here is a list of horses that consignors and buyers thought had the potential to bring high prices during the first session of the Fasig-Tipton Saratoga select yearling auction in New York Aug. 10.
Read what buyers and consignors had to say Aug. 9, the day before the start of the Fasig-Tipton Saratoga select yearling sale in New York.
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?
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 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.
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.
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.
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).
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 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.
"You can call it a midlife crisis or whatever you want, but it's the best thing I've ever done," said pinhooker Murray Smith of her move earlier this year to Southern California from the Ocala area in Central Florida.
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.
Blood-Horse bloodstock sales editor Deirdre Biles recaps the first day of the Fasig-Tipton Kentucky July Select Yearling sale
As the Fasig-Tipton Kentucky July yearling sale drew to a close July 21, a Versailles, Ky.-based farm and racing stable purchased a Medaglia d'Oro filly for $370,000.
BC3 Thoroughbreds, an Australian-based pinhooking operation went to $335,000 to acquire a Speightstown colt during the July 21 final session of the Fasig-Tipton July yearling sale in Lexington.
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 declines were in line with expectations during the opening session of the Fasig-Tipton July select yearling sale. Buyers and consignors had predicted the market would be down significantly, and there were no surprises July 20 in Lexington.
Sheikh Mohammed's agent, John Ferguson, went to $400,000 to acquire a son of Birdstone as the top-priced offering at the opening session of the Fasig-Tipton Kentucky July yearling sale in Lexington July 20.
The action picked up in a big way during the second half of the Fasig-Tipton Kentucky July yearling sale opener July 20 when a Rock Hard Ten filly and a Bernardini colt each brought $350,000.
A colt from the first crop sired by grade II winner War Front was purchased by Steven W. Young for $180,000 as the top-priced offering during the first half of Day 1 at the Fasig-Tipton Kentucky July yearling sale in Lexington.
A filly from the first crop of grade II winner Congrats was purchased by Thomas M. McGreevy, as agent for Rick Porter's Fox Hill Farm, for $150,000 during the opening minutes of the Fasig-Tipton Kentucky July yearling sale in Lexington July 20.
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.
This is a list of horses that consignors and buyers consider to be among the top prospects during the first session of the Fasig-Tipton Kentucky July select yearling sale July 20 in Lexington.
This is a list of horses that buyers and consignors considered to be among the top prospects during the second session of the Fasig-Tipton Kentucky July select yearling sale July 21 in Lexington.
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.
Sandy Stuart is the new director of sales for Bluegrass Thoroughbred Services, and he's finding out what it's like being in charge of a consignment for the first time at the Fasig-Tipton Kentucky July select yearling auction in Lexington.
Read what people have been saying about their expectations for the Fasig-Tipton July select yearling sale, which is scheduled for July 20 and 21 in Lexington.
Thoroughbred Charities of America (TCA) has announced grants of $879,547 have been awarded to 86 Thoroughbred industry-related non-profits.
Just days before its first yearling sale of 2009, Fasig-Tipton announced it has rejoined the National Thoroughbred Racing Association (NTRA).
The Society of International Thoroughbred Auctioneers (SITA) will clarify its policy on aged broodmares during its next meeting, according to a press release issued by the organization on July 10. Based on comments by Fasig-Tipton and Keeneland officials, there was confusion about the portion of the policy that addresses broodmares 18 years of age and older and whether the ban recommended by SITA concerns all broodmares of that age or only broodmares of that age that are not in foal.
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 has cataloged 235 horses for its New York-bred preferred yearling sale, which will be held the evenings of Aug. 15 and 16 in Saratoga Springs, N.Y. The number is up 3.5% from last year's total of 227.
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 will host a five-kilometer (5K) race and a one-mile "fun run" Aug. 15 in Saratoga Springs, N.Y. Both events will start in front of the auction firm's Humphrey S. Finney Pavilion. All proceeds will be divided equally among the New York Racing Association's four charities: The Anna House, Backstretch Employee Service Team, New York Racetrack Chaplaincy, and The Backstretch Education Fund.
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 announced the assignment of the day-to-day management of their wholly-owned subsidiary, Blue Horse Charities, to Thoroughbred Charities of America, an affiliate of Thoroughbred Owners and Breeders Association.
Passage of legislation that would allow video lottery terminals at Kentucky racetracks would provide a boost to the state's yearling auctions later this year, according to Brereton Jones of Airdrie Stud.
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.
The Yonaguska half-brother to Kentucky Derby Presented by Yum! Brands (gr. I) winner Mine That Bird, which brought $485,000 from Dogwood Stable president Cot Campbell at the recent Fasig-Tipton Midlantic sale of 2-year-olds in training, will be raced in partnership by Dogwood and Paul Saylor.
The dispersal of late Jack Dreyfus' Hobeau Farm's horses started at the recent Fasig-Tipton Midlantic sale of 2-year-olds in training in Maryland. Cary Frommer, as agent, sold four of the operation's juveniles for $1,028,000. They included a Tapit colt named Tashop that set a record for a horse sold at public auction in Maryland with his $850,000 price.
Cary Frommer, a Georgia-based pinhooker who is moving to South Carolina soon, was the leading consignor at the recent Fasig-Tipton Midlantic sale of 2-year-olds in training in Maryland. She sold 19 of the 22 horses she offered for $1,850,500.
The Fasig-Tipton Midlantic sale of 2-year-olds in training ended its two-day run May 19 in Timonium, Md., with downturns of 11.6% in average price and 10.7% in median price that weren't nearly as severe as the setbacks experienced by many other juvenile auctions this year. In addition, the buy-back rate declined significantly, from 34.1% in 2008 to 23.1%.
A Yonaguska half-brother to Kentucky Derby Presented by Yum! Brands (gr. I) winner and BlackBerry Preakness Stakes (gr. I) runner-up Mine That Bird brought $485,000 during the opening session of the Fasig-Tipton Midlantic sale of 2-year-olds in training May 18. Dogwood Stable purchased the dark bay or brown colt from Cary Frommer, agent for Paul Saylor.
Tashop, a chestnut colt by Tapit, set a Maryland record for a Thoroughbred sold at public auction when he brought $850,000 May 18 early during the first session of the Fasig-Tipton Midlantic sale of 2-year-olds in training.
Even in the midst of an economic crisis, there is hope for a solid performance from the Fasig-Tipton Midlantic sale of 2-year-olds in training, which is scheduled for May 18 and 19 in Timonium, Md. The bulk of the auction's catalog consists of reasonably-priced, blue-collar stock, and some of the other regional sales, which offered juveniles of the same type, generated results that were better than expected earlier this year.
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