Keeneland is returning its sale commission to the industry standard of 5%, 10 years after reducing it to 4.5%. The change will take effect with this year's September yearling auction in Lexington.
2-year-olds most profitable market in 2010
The Keeneland April sale of 2-year-olds in training generated figures that were close to last year's results, providing more evidence that the Thoroughbred marketplace is in the process of stabilizing.
The Keeneland sale of 2-year-olds in training April 11 in Lexington will close out this year's select juvenile selling season, which has produced mixed results.
The estate of the late Edward P. (Ned) Evans will disperse its Thoroughbred yearlings, weanlings, broodmares, and racing stock at Keeneland's September yearling and November breeding stock sales.
Keeneland Association officials have made several adjustments to the format for its 2011 September yearling sale.
Walt Robertson enjoyed his first day at a Keeneland auction in his new role as the Lexington company's vice president of sales.
Keeneland will introduce a new member of its management team and a new technological innovation designed to aid buyers during its January horses of all ages sale, which begins its five-day run in Lexington Jan. 10.
Walt Robertson, who retired from Fasig-Tipton in November, will be going to work for that auction company's biggest rival, Keeneland, in the newly created position of vice president of sales.
Walt Robertson's retirement from the Thoroughbred auction business didn't last long. He'll go back to work Jan. 5 at Keeneland after leaving its biggest rival, Fasig-Tipton, in November.
Grey Goose Breeders' Cup Juvenile Fillies (gr. I) winner Awesome Feather is the Kentucky auction's top seller, bringing $2.3 million.
The Fasig-Tipton Kentucky fall yearling sale, which ended its three-day run Oct. 27 in Lexington, generated results that were "totally expected," according to the auction firm's chairman Walt Robertson.
Median price declines 35.5% and the buy-back rate increases.
It's good news (I think) that Fasig-Tipton is moving its Florida sale of 2-year-olds in training to Palm Meadows, but it's bad news that Walt Robertson is retiring. I'll miss him. Read Blog
Walt Robertson, a fixture in the auction stand at Fasig-Tipton sales for more than 30 years, will retire at the end of November.
Retired trainer Hal Wiggins will serve as the honorary chairperson for Blue Grass Farms Charities' annual fundraiser at Fasig-Tipton Co. in Lexington on Oct. 22.
Gross, average, and median rise slightly; buy-back rate drops for New York-breds during first of two sessions Aug. 7 in Saratoga Springs, N.Y.
"I think tonight reality has set back in," said consignor Mark Toothaker of Legacy Bloodstock after the average declined 13.8% from a year ago during the first session of the Fasig-Tipton Saratoga select yearling sale.
Fasig-Tipton president Boyd Browning calls the Kentucky select auction a "solid" start to the yearling selling season.
The Fasig-Tipton Kentucky July select yearling auction generated results in the opening session that indicated the market for young Thoroughbreds hadn't changed much since last year, according to the sale company.
The auction firm's officials are pleased with the quality of the horses and have heard there are a number of horsemen interested in buying.
The auction has attracted a large group of domestic and foreign buyers.
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.
Fasig-Tipton has cataloged 670 horses for its Midlantic Eastern fall yearling sale, which will be held in Timonium, Md., Oct. 5 and 6. The number is down 28% from 2008, when 930 horses were in the book and the auction was three days in length.
"I've never seen anything like this," said Holly Bandoroff of Denali Stud of a bizarre incident that involved a well-bred dark bay or brown filly, a bald man in a plaid shirt, at least three Fasig-Tipton officials, and several policemen during the second and final session of the Fasig-Tipton Saratoga select yearling sale in New York Aug. 11.
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.
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.
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.
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.
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 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:
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.
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.
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 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.
Continuing the trend with the season's previous yearling sales, the 2008 Fasig-Tipton Midlantic Eastern Fall yearling sale ended its three-day run at the Maryland State Fairgrounds in Timonium, Md., Oct. 1 with downturns across the board and an increase in the buy-back rate.
The opening session of the 2008 Fasig-Tipton Eastern Fall yearling sale, Sept. 29 at the Maryland State Fairgrounds in Timonium, Md., took hits in key statistical areas, with gross and average falling, but the median remained steady.
Dan Pride, the new executive vice president and chief operating officer of Fasig-Tipton, is going back to his auction roots in the Thoroughbred industry.
Officials of Barretts, Fasig-Tipton, Keeneland, and the Ocala Breeders' Sales Co. (OBS) announced in early September that they were banding together to make major changes in the under tack shows for their sales of 2-year-olds in training. Beginning in 2009, they said they would strictly regulate the use of whips by riders during workouts and would prohibit the use of front toe grabs on horses.
When Dubai-based Synergy Investments purchased Fasig-Tipton earlier this year, the auction company's officials vowed that one of their goals would be to improve customer service. And Fasig-Tipton already has begun delivering on that promise.
Fasig-Tipton has restructured its senior management team, it was announced Sept. 2. The changes include the addition of one of Sheikh Mohammed's key employees in America, Dan Pride, to the auction firm's executive ranks.
The Fasig-Tipton New York-bred preferred sale opened with mixed results Aug. 9. The average rose 19.4% and the median jumped 40%, but more than half the horses offered went unsold.
Boosted by an impressive-looking son of Storm Cat, which fetched a final bid of $2 million, the Fasig-Tipton Saratoga select yearling sale ended its two-night run in New York Aug. 5 with an increase in average price. The median price held steady whle the gross revenue dipped slightly compared to last year's figures.
The Fasig-Tipton Saratoga select yearling sale, a small boutique auction that offers quality horses, got off to what the company's chairman, D.G. Van Clief Jr., termed "a solid start " Aug. 4 in New York.
If the close of the opening session of the 2008 Fasig-Tipton Saratoga select yearling sale is any indication, the upper level of the Thoroughbred marketplace is alive and well.
Despite registering across the board declines, the results of the 2008 Fasig-Tipton Kentucky July yearling sale, held July 14-15 at the sale company's Newtown Paddocks near Lexington, did not overly disappoint sale company officials.
Fasig-Tipton has cataloged 195 horses for its Saratoga select yearling sale, which will be conducted Aug. 4 and 5 in New York.
Fasig-Tipton has cataloged 568 yearlings for its 2008 Kentucky July yearling sale to be held July 14-15 at the sale company's Newtown Paddocks near Lexington. Catalogs will be available from all Fasig-Tipton offices after June 16.
Participants discuss the Fasig-Tipton select juvenile auction, which suffered downturns.
The Fasig-Tipton select juvenile auction has lost momentum following a glorious run that peaked with a series of world records in 2006 and 2007.
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