“Nothing is normal” For New York-breds And Sales

There’s never a good time for a crisis, but it’s hard to imagine a less convenient time for Covid-19 to have hit the New York racing and breeding industries than mid-March. Mares were foaling and being bred; high-stakes races were on the calendar at Aqueduct; and the popular sales for two-year-olds in training were hitting…

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…

Optimism Going Into New York-Bred Sale

On the heels of a healthy selected yearlings sale earlier this week, optimism is high on the Fasig-Tipton Saratoga grounds as attention shifts to New York-breds for this weekend’s preferred yearling sale Aug. 9-10. New York-breds brought high prices from prominent buyers in the open sale, with Stonestreet Farms, George Bolton, and Darley bloodstock agent…