100 Years of Fasig-Tipton Sales in Saratoga

“One of the chief subjects of discussion in the paddock was the sale of yearlings at the Fasig-Tipton company mart last night…”  The Daily Saratogian, Aug. 11, 1917 That time-honored Saratoga tradition began 100 years ago this month, when Fasig-Tipton held its first Thoroughbred sale in Saratoga. Established in 1898 to sell riding and driving…

Thoroughbred Sales, 2014: Broken Records, Tax Incentives, & Aftercare Donations

Buyers of Thoroughbred racehorses in 2014 got an early Christmas present when H.R. 5771, the Tax Increase Prevention Act of 2014, became law earlier this month.  Retroactive through this past year, a provision of the law renews the three-year tax depreciation for racehorses, which allows taxpayers to depreciate racehorses 24 months of age and younger…