Fasig-Tipton has cataloged 405 horses for its Midlantic sale of 2-year-olds in training, which will be held May 17 in Timonium, Md. The number is down 19% from last year’s total of 500 for an auction that ran for two days.
“Experience has shown there are inevitably a significant number of scratches in 2-year-old sales,” said Fasig-Tipton Midlantic sales director Paget Bennett of the change to a one-day format. “By sale day, our numbers will be manageable for a full day of activities on Monday, May 17, getting under way at 10:00 a.m. (EDT). Both buyers and sellers, particularly those from out of town, indicated they would prefer one to two days, and we are happy to be able to accommodate them.”
The sale’s under tack show will be held over two days, May 12 and 13. The workouts will begin at 10 a.m. each day.
The catalog for the auction can be viewed online at www.fasigtipton.com. Copies will be mailed April 14 and will be available at all Fasig-Tipton offices beginning on that date. The cover of the book features a photograph of a 2007 graduate of the auction, champion Informed Decision, who sold for $320,000.
During the 2009 edition of the Fasig-Tipton Midlantic sale, Trappe Shot, a Tapit – Shopping colt set a record for the most expensive horse ever sold at public auction in Maryland when he brought $850,000. But the sale suffered downturns of 31.6% in gross revenue, 12.6% in average price, and 10.7% in median price.