Fasig-Tipton press release:
Fasig-Tipton will capitalize on the technological strides made by the Thoroughbred industry in a new horses-of-racing-age sale it will hold at its Lexington paddocks on Monday, July 15. The single-session sale, with a separate identity and catalogue, will follow the July Sale, the company’s selected summer yearling venue.
From the company’s Lexington headquarters, company president Boyd Browning noted –“In the Thoroughbred world, this auction will feature many changes in the way active racehorses are marketed. To now, selling a racehorse has been dominated by private negotiation. Sellers have been at a distinct disadvantage because this process limits competitive bidding. We are looking to change that.”
The traditional, printed catalogue will be available only on the sales grounds, just prior to the sale, which means entries can be accepted up to a week or so of the actual sales date. Entries, pedigrees, race-records, race-videos and work-out information will be published in an interactive part of the company’s website. E-mail and alerts will be sent to potential buyers with additions to the catalogue and updated race and training information. Current digital radiographs will be provided for all entries.
“For a horse coming off a good race or showing good form, the mid-summer timing of the sale is ideal,” added Browning, “and we’re confident that a broader buying base, especially encouraging trainers to come to Lexington, will have a positive impact on both the yearling and the racehorse sale. “We are excited to bring the auction process to this active segment of the market. We will be looking for horses with meaningful racing potential and will offer potential buyers the comfort level and safeguards provided by a public auction.”