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
NTRA launches new safety campaign
The National Thoroughbred Racing Association (NTRA) today announced it had launched a new campaign called “Safety Runs First.”
Joe Clabes named PDJF executive director
The Permanently Disabled Jockeys Fund (PDJF) announced it has named Joe Clabes its new executive director.
Pimlico Plus bill gets General Assembly OK
The Maryland General Assembly gave legislative signoff to the PImlico Plus bill in a busy last day of the session, sending it to Gov. Wes Moore.
“Hot potato” Pimlico Plus bill moving towards passage
An amended version of the Pimlico Plus legislation began a sprint to the finish line, passing quickly through the Senate en route to House consideration.
Abnel Bocachica shifting tack to New York
Apprentice rider Abnel Bocachica, son of Charles Town leading jockey Arnaldo Bocachica, will shift his tack to New York.
Senate panel raises Pimlico Plus bill questions
With just three days until the end of the legislative session, a Senate committee took its first hard look at the PImlico Plus bill and had many questions.
