Fasig-Tipton

Midlantic Fall Yearlings Sale

  • September 29, 2014 10:00 a.m. Hips 1-450

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Expectations High For Saratoga Yearling Sale

The nation's economy may be on the skids, but the mood in the Thoroughbred marketplace is upbeat. After stronger than expected results at Kentucky's July auctions, the action moves to Saratoga, where Fasig-Tipton will conduct the 81st edition of its select yearling sale beginning Tuesday night.

Stone Farm To Offer Its First Saratoga Consignment

Arthur B. Hancock III's Stone Farm will offer its first consignment ever at Fasig-Tipton's Saratoga select yearling sale, which is scheduled to begin on Aug. 7 . It will be only the second time that a farm owned by the Hancock family has consigned horses to the auction since the early 1940s.

Half-Sister To Aly's Alley Tops Fasig-Tipton Midlantic Sale

Capricha, a half-sister to grade III winner Aly's Alley, brought the top price of $240,000 at the Fasig-Tipton Midlantic sale of 2-year-olds in training and older horses of racing age on Tuesday in Timonium, Md. Produced from the unraced Alydar mare Aly Capri, the Pleasant Colony filly was purchased by Eaglestone Farm from Bill Reightler, agent.

Keeneland Files Suit Against Sykes

Keeneland has taken legal action against Bernice Givens Sykes, who never paid for the 59 horses that she purchased for $267,700 at last November's breeding stock sale. A lawsuit was filed in early April in the Fayette Circuit Court in Lexington, claiming that Sykes still owes Keeneland $232,740.81. Keeneland recovered some of the amount owed by repossessing the horses and selling nearly all of them privately.

Harsh Reality: Selectivity at Fasig-Tipton Juvenile Sale

Buyers at the top of the juvenile market may turn out in droves for an auction. They may fill the grandstand to watch under tack shows, and send a small army of veterinarians and agents to look at the horses. But they are just as picky as ever, maybe even more so. That was the harsh reality faced by consignors during the Fasig-Tipton Florida select sale at Calder on Feb. 27.

Fasig-Tipton Drops Derby Week Sale

Fasig-Tipton will not conduct a sale of 2-year-olds in training this spring in Kentucky. The company decided to call off its early May auction at the Churchill Downs Sports Spectrum in Louisville, Ky., because "it never achieved the level of success that we had hoped for," said Boyd Browning, Fasig-Tipton's general manager and executive vice president.

Business Declines At Fasig-Tipton Calder Auction

Excitement was high going into the Fasig-Tipton Florida select sale of 2-year-olds in training at Calder Race Course. The auction had a strong catalogue; the horses worked fast; and virtually every major buyer of juveniles showed up or sent a representative. But when the final figures were calculated Tuesday, business was down across the board from a year ago.

Two Regional Sales Post Declines

Fasig-Tipton Company held regional sales the weekend of Feb. 3-4 and both auctions were down in gross and average from the previous year. Fasig-Tipton Texas held its annual mixed sale at Lone Star Park on Feb. 3. The gross for the 142 horses sold was $568,100 and the average was $4,001. Fasig-Tipton Midlantic held its annual winter mixed sale on Feb. 4 at Timonium, Md. The 145 horses sold grossed $896,800, an average of $6,185.

Strangles Cases Move Time, Site of 'Repo' Horse Sale

"Just when you think it can't get much worse, it got worse," said Boyd Browning, executive vice president and chief operating officer of Fasig-Tipton, on Feb. 5. Browning was discussing complications involving the pending sale of 89 horses repossessed by Fasig-Tipton and Keeneland from the Maryland mystery buyer, Bernice L. Givens Sykes, who signed tickets for nearly $700,000 for 134 horses at the Keeneland November and Fasig-Tipton Midlantic December mixed sale and then failed to pay for them.

Juvenile Consignors' Group Details Progress

A general meeting of the National Association of Two-Year-Old Consignors in Ocala, Fla., Tuesday evening focused on a number of concerns, including medication, perception problems in the media, and buyer confidence. Much of the meeting focused on industry unity and introduction of a slogan that promotes horses coming out of the 2-year-old sales: bid, buy, and race with confidence.

Sale Companies to Repossess Horses Bought By Sykes

Having failed to collect on past due accounts, Keeneland and Fasig-Tipton plan to repossess most of the 134 horses purchased late in 2000 by Bernice L. Givens Sykes and offer them at the Fasig-Tipton Kentucky winter mixed auction Feb. 12. Sykes signed tickets for nearly $700,000 worth of stock. She spent $267,700 for 59 horses at the Keeneland November breeding stock sale in Kentucky, and another $431,100 for 75 head at the Fasig-Tipton Midlantic December mixed sale in Maryland.

Horse Buyer Fails to Pay Keeneland, Farm Owner

One of the most active buyers at last year's Keeneland November breeding stock auction, Bernice L. Givens Sykes, signed sale tickets for 59 horses, which were worth $267,700. But, according to Harvie Wilkinson, Keeneland's director of finance, Sykes hasn't paid for those purchases, the money is past due, and the Central Kentucky auction firm is exploring legal action.

Record Setting Fasig-Tipton Sale Concludes

Sale records were established for the number of horses sold, gross revenue, and average price at the Fasig-Tipton Midlantic Eastern fall yearling auction, which ended on Wednesday. In addition, more horses were sold for six-figure prices than ever before.

Fasig-Tipton Midatlantic Starts Strong

The Fasig-Tipton Midlantic Eastern fall yearling sale got off to a solid start on Monday, with 10 horses bringing individual prices of $100,000 or more. The opening session of the three-day auction also registered slight increases in average and median from a year ago and a significant upswing in gross revenue.

NTRA Makes Gains on Auction Contributions

A pledge to spend money raised through the Thoroughbred auction process on political action endeavors apparently has led to an increase in contributions to the National Thoroughbred Racing Association. It could be timely given the fact the Internet Gambling Prohibition Act could come up for consideration in Washington, D.C., in late September.

Hennessy Colt Tops Day 1 at FT Texas

A colt by Hennessy attracted a record bid of $150,000 from Tom Durant to highlight the opening day of the Fasig-Tipton Texas Yearling Sale Monday at Lone Star Park at Grand Prairie near Dallas.

Consignors Work to Improve Image of Auctions

Consignors of 2-year-olds in training banded together in Florida Aug. 24 and formed an organization designed to improve the image of juvenile auctions. In addition, they discussed various issues such as drug testing, the use of whips, and pre-sale workout formats.

Juvenile Sale Changes Possible

Officials of the four major auction firms that sell 2-year-olds in training—Barretts, Fasig-Tipton, Keeneland, and Ocala Breeders' Sales Company (OBS)—all are considering changes in their formats for under tack shows.

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