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.
A Read the Footnotes--Herat's Goldengirl colt named Jiosa Jazz and a Johannesburg--Kitty Carson colt tied for the fastest quarter-mile work May 14 during the second and final session of the under tack show for the Fasig-Tipton Midlantic sale of 2-year-olds in training. Both juveniles covered the distance in :21 4/5 over the track at the Maryland State Fairgrounds in Timonium, Md.
An Orientate colt worked a quarter mile in :21 2/5, which was the fastest time for the distance, during the May 13 first session of the under tack show for the Fasig-Tipton Midlantic sale of 2-year-olds in training in Timonium, Md.
Meeting people was a big part of Marcia Taylor's job at Fasig-Tipton, and she never got tired of making new acquaintances during her nearly 30 years with the Thoroughbred auction firm.
Paul Saylor said "I nearly fell out of my chair" while watching the May 2 Kentucky Derby Presented By Yum! Brands (gr. I) on television. Like a lot of people, he was surprised by Mine That Bird's huge upset. But what really knocked Saylor for a loop was the realization that a juvenile Yonaguska colt he owned suddenly had become a half-brother to a classic winner.
Graded stakes winner Twilight Meteor has been retired from racing, it was announced May 5 by John Fort of Peachtree Stable.
A Yonaguska half-brother to Kentucky Derby Presented By Yum! Brands (gr. I) winner Mine That Bird has been added to the catalog of the Fasig-Tipton Midlantic sale of 2-year-olds in training. The auction will be held May 18 and 19 at Timonium in Maryland. It starts two days after the running of the May 16 Preakness Stakes (gr. I), in which Mine That Bird is scheduled to compete.
The Fasig-Tipton Kentucky fall yearling sale isn't glamorous. It comes at the end of the yearling selling season, so it generally doesn't attract the best of the available stock. But, in recent years, it has become a prime source of Kentucky Derby Presented By Yum! Brand (gr. I) winners.
Fasig-Tipton has cataloged 500 horses for its Midlantic sale of 2-year-olds in training, which will be held May 18 and 19 at the Maryland State Fairgrounds in Timonium, Md., immediately following Preakness Stakes (gr. I) weekend at Pimlico in nearby Baltimore. The number of offerings is down 23.1% from last year's total of 650, and that is by design, according to Fasig-Tipton's director of marketing, Terence Collier.
The Kentucky fall yearling sale is back on this year's Fasig-Tipton calendar after the auction firm's officials announced in mid-March that it had been canceled.
The performance of the Fasig-Tipton Texas sale of 2-year-olds in training March 31 exceeded expectations when the average price held steady amidst tumbling figures at juvenile auctions across the country. The sale was held at Lone Star Park.
With sale prices unsteady across the country, the juvenile market in the Southwest will be tested for the first time this year during the Fasig-Tipton Texas 2-year-olds in training sale March 31.
Unbridled Classy, a daughter of Be Like Mike, and an Officer filly each covered an eighth of a mile in :10 1/5, turning in the fastest works for the distance at Lone Star Park March 29 during the under-tack show for the Fasig-Tipton Texas sale of 2-year-olds in training.
Even though the market for 2-year-olds in training has been tough, Ciaran and Amy Dunne of Florida-based Wavertree Stables have two big reasons to celebrate. Wavertree-consigned horses topped both the Fasig-Tipton Florida select auction and the Barretts March sale.
When sale company officials, consignors, and buyers analyzed the Thoroughbred marketplace in the past, they often mentioned how well demand for the most expensive horses was holding up. But during the latest economic downturn, which has sparked financial crises around the world, even the top of the market is taking a pounding based on the combined results for the first four major select sales of 2-year-olds in training.
Fasig-Tipton will fine nine consignors because the riders of their horses misused their riding crops during the Feb. 27 under tack show for the Florida select sale of 2-year-olds in training at Calder Race Course.
Fasig-Tipton will not conduct a yearling sale in Kentucky in the fall. The auction had been scheduled for Oct. 26-28 in Lexington.
Fasig-Tipton has cataloged 237 horses for its Texas sale of 2-year-olds in training. The auction is scheduled for March 31 at Lone Star Park. The under tack show will be held at Lone Star March 29.
Uniform policies that restrict use of a riding crop in under tack shows for 2-year-olds in training had a significant effect on riders' actions at the preview for the Fasig-Tipton Florida select juvenile auction, according to Fasig-Tipton director of marketing Terence Collier.
Mike Mulligan, a leading consignor at sales of 2-year-olds in training, was in stable condition, with a head injury, at Memorial Regional Hospital in Hollywood, Fla., March 9. Fasig-Tipton director of marketing Terence Collier reported March 10 that "they (doctors) are changing his medication levels today to raise him to the next level (of consciousness). All vital signs continue to be progressing."
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.
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