Online bidding to be offered at future Fasig-Tipton sales
Hip 150, a son of Jump Start, brought a top bid of $130,000 at the 2019 Fasig-Tipton Midlantic Fall Yearling sale. Photo by The Racing Biz.
Fasig-Tipton will offer online bidding at all its future live auctions, the company announced today. The platform will be available for Fasig-Tipton’s next scheduled auction, the Midlantic Two-Year-Olds in Training Sale, to be held June 29-30 in Timonium, Maryland.
“The addition of online bidding to our live auctions is a service we are pleased to offer,” said Fasig-Tipton President Boyd Browning. “At no other time has this service been more crucial or needed. As we all work to conduct business in the current COVID-19 environment of adjusted social norms, online bidding ensures the best possible marketplace for our buyers and sellers in 2020. Looking beyond 2020, we envision this service being an integral component of all future auctions.”
As an additional service to buyers, the company will also further expand its long-established phone bidding program for the remainder of 2020. The service allows prospective buyers – who are not on site at an auction – to bid on horses through a member of Fasig-Tipton’s staff.
Fasig-Tipton will also launch a timed, online only auction platform at a future date, when appropriate. The platform will complement the company’s live auction lineup, offering buyers and sellers additional transaction opportunities that fall outside of the traditional live auction calendar.
“In the world that we live in, companies need to be flexible and willing to adapt,” continued Browning. “Fasig-Tipton will always seek to be innovative and ready to adjust our sales models to best serve the marketplace.”
LATEST BUSINESS NEWS
Off to the Races Radio returns September 19 with legendary handicapper and speed figure innovator Andrew Beyer, plus Derby Bill and more.
Entries are open for the Joe Kelly Unsung Hero Award, a pricey PA-bred, and a Preakness possible, and more, in the week in social media.
The Jockey Club has made several rule book changes, among them changes to policies and practices relating to digital foal certificates.
The federal Horseracing Integrity and Safety Act introduced by Sen. Mitch McConnell handles raceday Lasix in a complicated fashion likely to end in a ban.
The Thoroughbred Aftercare Alliance, which makes grants to regional aftercare groups, is the official aftercare partner of the Breeders’ Cup.
The Maryland Jockey Club will once again offer $100,000 in trainer bonuses over Preakness weekend at PImlico in October.