Fasig-Tipton Showcase Yearlings

by Jessica Martini, Brian DiDonato & Christie DeBernardis LEXINGTON, KY--Fasig-Tipton's two-day Selected Yearlings Showcase concluded Thursday with solid enough trade--especially on flashier offerings--given the global uncertainty leading up to the first major yearling sale in the year of COVID-19. The auction, necessitated by the cancellation of the July, Saratoga and New York-bred sales, featured 348 transactions for gross receipts of $61,765,000 at an average of $177,486 and median of $120,000. The buy-back rate was 33.7%. The sale topper came on Wednesday when Robbie Medina, bidding on behalf of Joe Allen,...

Everyone in the bloodstock industry can see the bump in the road ahead. It's just a case of getting across without causing lasting damage to the engine. As such, European horsemen Tuesday applauded the dovetailing of North America's premier yearling sales as the type of wholesome collaboration required to tackle a crisis that transcends borders and oceans, never mind commercial rivalries. True, one or two quibbles could be heard on the other side of the pond. On the whole, however, Monday's announcement by Fasig-Tipton—positioning a two-day sale in Lexington, as...