Graves is the vice president of recruiting and selections; Welker is the vice president of sales.
With three select juvenile sales in the books for 2010, the president of the NATC discusses the marketplace for Thoroughbreds.
Rate of return on investment grows, rising to 91.9% from only 39% for the 2009 edition of the auction.
The first two major select auctions of the juvenile selling season sent mixed messages about the health of the marketplace. Read Blog
The Fasig-Tipton Florida select sale of 2-year-olds in training March 2 was as refreshing as a cool ocean breeze on a hot summer day, providing the recession-battered Thoroughbred auction business with some relief.
Reiley McDonald purchases the bay juvenile for Brushwood Stables.
The Florida auction, which has fancy pedigrees, is scheduled for March 2 at Calder Casino and Race Course.
Other horses expected to bring high prices at the Florida select sale of 2-year-olds in training include the progeny of Sky Mesa, Tapit, Bernardini, and Empire Maker.
Cutting yearling purchase cost is the key, and consignors to the Fasig-Tipton Florida sale are hoping that a similar strategy works there.
The auction has attracted a large group of domestic and foreign buyers.
Christie Bowling,a daughter of Tony Bowling and a granddaughter of Carl Bowling, dies in a car accident.
After reviewing the auction's catalog, here is a list of top prospects based on workout times, pedigrees, and yearling purchase prices.
Four fillies are the quickest at an eighth of a mile during the under tack show for the Fasig-Tipton Florida select juvenile auction.
Fasig-Tipton has 223 entries for its 2010 Texas 2-year-olds in training sale at Lone Star Park March 30. The sale begins at 10:00 a.m. The under-tack show will be held March 28 on the main track at 10 a.m.
Bialy is first horse to carry the club's silver and teal colors.
Median price holds steady during the auction, which was held Feb. 8 in Lexington.
Broodmare prospect is the highest-priced horse sold so far at the Kentucky winter mixed sale.
Sale company officials hopeful the market has stabilized after big downturns in 2009.
Fasig-Tipton is a sale company, but it's going racing in an effort to attract new participants for the Thoroughbred business. It's a good idea, and in the long run, it won't just benefit Fasig-Tipton. Read Blog
Several consignors make predictions about the market's performance.
Company president Boyd Browning says catalog is one of the strongest Fasig-Tipton has ever put together for a juvenile auction.
Auction, which is scheduled for Feb. 8 in Lexington, has 115 yearlings among its offerings.
Fasig-Tipton has made minor adjustments to the timing and format of its 2010 Kentucky July selected yearling sale, which will be held at Newtown Paddocks near Lexington on Tuesday and Wednesday, July 13 and 14.
Fasig-Tipton has ramped up its race sponsorship at Gulfstream Park as the Lexington sales company and Florida racetrack unveiled the new "Fasig-Tipton Filly Festival" to be run during the 2010 meet.
Clutch Player, who broke his maiden last month in his first start and was considered a possible prospect for the Kentucky Derby Presented by Yum! Brands (gr. I), died Jan. 4 of pneumonia, Daily Racing Form reported.
The 35,000-square-foot structure is 2 1/2 stories tall.
Median price increases 38.9% from a year ago while buy-back rate falls. Gross drops 21.7%
A Smarty Jones weanling and six mares have been added to the Fasig-Tipton Texas December mixed sale, which will be held Dec. 14 at Lone Star Park in Grand Prairie, Texas.
The debt crisis in Dubai was being closely monitored Nov. 27 by buyers and sellers of high-end Thoroughbreds, but there was no immediate indication Dubai's ruler would scale back his enormous financial ties to the industry in the United States and elsewhere.
Fasig-Tipton has cataloged 105 horses for the Texas December mixed sale, which will be held at Lone Star Park Dec. 14. The auction will start at noon (CST).
This year, without as much star power, the Fasig-Tipton Kentucky November select mixed sale suffered sharp downturns of 59.4% in gross revenue, 52.7% in average price, and 32% in median price Nov. 10.
Three participants in this year's Breeders' Cup World Championships â€" Diamondrella, Lethal Heat, and Magical Fantasy -- were scheduled to be offered at the Nov. 10 Fasig-Tipton November select mixed sale in Lexington as of Nov. 9. Grade I winner Diamondrella finished 11th in the Breeders' Cup Turf Sprint; grade II winner Lethal Heat was seventh in the Breeders' Cup Ladies Classic (gr. I); and grade I winner Magical Fantasy finished fifth in the Emirates Airline Breeders' Cup Filly & Mare Turf (gr. IT).
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.
The Fasig-Tipton Kentucky fall yearling sale bucked the prevailing negative trends in the Thoroughbred marketplace to post increases of 9.1% in median price and 5.7% in gross revenue during its three-day run that ended Oct. 28 in Lexington.
People listening closely to the announcements from the auction stand during the Fasig-Tipton Kentucky fall yearling sale heard something new during the auction's three-day run (Oct. 26-28) in Lexington. For the first time, Fasig-Tipton told prospective buyers when a horse's stem cells had been collected and stored.
Leonard Lavin's Florida-based Glen Hill Farm was a powerful buying force during the Fasig-Tipton Kentucky fall yearling sale's second session, which generated a median price that was up 25% from a year ago. The average price fell 4.4% while the gross revenue declined 12.3% Oct. 27 in Lexington.
The news wasn't all bad during the opening session of the Fasig-Tipton Kentucky fall yearling sale Oct. 26 in Lexington. The median price increased 20% from 2008 while the buy-back rate was down significantly. The results also included downturns of 11% in gross revenue and 6.4% in average price, but they weren't nearly as severe as those suffered by many other yearling auctions earlier in 2009.
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.
Fasig-Tipton, which introduced its virtual catalog concept last year for its Kentucky November select mixed sale, has made a number of technical enhancements since then. The improvements can be seen in the virtual catalog for this year's edition of the November auction, which appears on the sale company's Web site: www.fasigtipton.com.
The Fasig-Tipton Texas winter mixed sale will be held Dec. 14, a day later than originally planned, at Lone Star Park.
Fasig-Tipton has cataloged 153 horses for its November select mixed sale, which will be held in Lexington Nov. 10, beginning at 5 p.m. The number is down 18.6% from last year's total of 188.
The market was livelier during the second and final session of the Fasig-Tipton Midlantic Eastern fall yearling sale Oct. 6 in Maryland.
A Harlan's Holiday colt became the top-priced horse sold at the Fasig-Tipton Midlantic Eastern fall yearling sale so far when he commanded $300,000 during the auction's second session Oct. 6 in Maryland. Francis Vanlangendonck of the Summerfield sales agency signed the sale ticket on behalf of Florida pinhooker Nick de Meric. Samantha Siegel of Jay Em Ess Stable and Alan Quartucci of North Shore Bloodstock also were in the hunt for the striking bay yearling, which went through the sale ring early in the afternoon.
The Fasig-Tipton Midlantic Eastern fall yearling auction got a new top price just before 1 p.m. (EDT) Oct. 6 when a Not For Love colt sold for $120,000 to Samantha Siegel of Jay Em Ess Stable during the sale's second session in Maryland. The previous high -- $117,000 for a Malibu Moon -- Two Chimneys colt -- came during the opening session Oct. 5.
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%.
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.
Fasig-Tipton has cataloged 972 horses for its Kentucky fall yearling sale, which will be held Oct. 26-28 in Lexington. The total is down 10.8% from last year's total of 1,090.
Fighting Brave, who brought the sale-topping price of $2 million at last year's Fasig-Tipton Saratoga select yearling auction, made his career debut a winning one at Dundalk in Ireland Oct. 4.
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.
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).
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