Fasig-Tipton's New Sale Gains Momentum
Fasig-Tipton's new horses of all ages sale that is utilizing new technology in the way horses are cataloged and information is disseminated is gaining momentum. A dozen horses have been added over the past week for the July 15 event.
Also, some of those consigned to the sale added to their potential value with solid recent performances.
The new sale, which will follow Fasig-Tipton Kentucky's summer yearling sale at the Newtown Paddocks in Lexington, now has more than 80 entries, including grade I winners Jaycito and Teaks North, grade II winner Flashpoint, and undefeated 3-year-old Eastwood, the latter two among the latest horses added to the sale.
Because horses can be added much closer to the sale date than is traditionally done, the print edition of the catalog will be available only on the sale grounds. The entries, pedigrees, race records, race videos, and workout information for the sale horses are published in an interactive part of the company's website. E-mails and other interactive alerts are being sent to potential buyers with additions to the catalog and updated race and training information, according to the release. In addition, current digital radiographs will be provided for all entries.
In conceiving the new sale, Fasig-Tipton management was seeking to provide a market for proven or developing racehorses that previously would have changed hands in private transactions.
A look at some of the horses cataloged for the sale shows that Fasig-Tipton achieved its goal.
Millionaire Teaks North, consigned by Kingswood Farm, agent, won the 2011 Gulfstream Park Turf Handicap (gr. IT) and is going into the Fasig-Tipton sale off a second-place finish in the United Nations Stakes (gr. IT) at Monmouth Park July 6. The 6-year-old has also won two stakes this year and finished second in a grade II stakes.
Flashpoint, consigned by Taylor Made Sales Agency, agent, won the 2011 Hutcheson Stakes (gr. II) and this year accounted for the Sam Houston Sprint Cup Stakes. Jaycito, the 2010 Norfolk Stakes (gr. I) winner also consigned by Taylor Made, finished fifth in allowance company at Betfair Hollywood Park July 7.
Eastwood, a son of Speightstown who has won both of his career starts this year after being unraced at age 2, is also expected to draw attention from buyers. Consigned by Baccari Bloodstock, agent, Eastwood broke his maiden in impressive fashion against 12 rivals in his debut at Belmont Park May 27 and followed with a victory over older horses June 29.
"This new sale at Fasig-Tipton provides the perfect opportunity to showcase an outstanding racing prospect like Eastwood," Chris Baccari of Baccari Bloodstock said in a release from Fasig-Tipton. "He is training very well and provides exciting stakes options. Both the Amsterdam (gr. II) at Saratoga Race Course at six furlongs and the King's Bishop (gr. I) at seven furlongs were options for us there, but he will compete at the highest levels wherever a buyer would like him to run."
"Eastwood is a great addition to our catalog," Fasig-Tipton president Boyd Browning said in the release. "In his last start, Eastwood ran a 5 on the Ragozin sheets and earned a Beyer Speed Figure of 93. These numbers are sure to attract the attention of the professionals in our industry and hint at the potential for this talented colt."
Browning said July 9 that the sales company will continue to add horses to the sale if they are deemed the types of individuals that would be attractive to buyers. In addition to the main print catalog that will be available on the sales grounds, there will also be a supplemental catalog to accommodate late entrants.
"It's been very well received," Browning said of the new sale. "It's good for buyers and sellers."
Browning said putting together the horses of racing age sale has been a learning curve and it remains to be seen for which types of sales the company would consider using the same concept in the future.
While Fasig-Tipton is pleased with the response from consignors and the interest level from potential buyers, Browning said the bottom line is that "we still have to get them sold."
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