Fasig-Tipton
Encyclopedia
The Fasig-Tipton Company, Inc. is an auction
house for Thoroughbred
horses founded in 1898 by William B. Fasig and Edward A. Tipton. It is the oldest auction company of its kind in North America
.
The company has offices in Lexington, Kentucky
, Elkton, Maryland
, Grand Prairie, Texas
, Saratoga Springs, New York
, and Ocala, Florida
. It was recently acquired by company based in Dubai.
The Fasig-Tipton auctions in Saratoga are typically held in early August. There are two nights of "Preferred Sales", where one can only sit inside the pavilion if a reservation is made in advance. The public is allowed on the grounds and inside the pavilion to view the horses and artwork inside, but cannot sit unless prior arrangements are made. During the "Select Sales", typically the New York bred horses are shown, and the public is invited to sit where they wish. During the "Open Sales", the public is also invited to sit inside of the pavilion, making the event more friendly to the local population.
Auction
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder...
house for Thoroughbred
Thoroughbred
The Thoroughbred is a horse breed best known for its use in horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed...
horses founded in 1898 by William B. Fasig and Edward A. Tipton. It is the oldest auction company of its kind in North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
.
The company has offices in Lexington, Kentucky
Lexington, Kentucky
Lexington is the second-largest city in Kentucky and the 63rd largest in the US. Known as the "Thoroughbred City" and the "Horse Capital of the World", it is located in the heart of Kentucky's Bluegrass region...
, Elkton, Maryland
Elkton, Maryland
The town of Elkton is the county seat of Cecil County, Maryland, United States. The population was 11,893 as of the 2000 census and 14,842 according to current July 2008 census estimates. It is the county seat of Cecil County...
, Grand Prairie, Texas
Grand Prairie, Texas
Grand Prairie is a city in Dallas, Ellis, and Tarrant counties in the U.S. state of Texas and is a part of the Mid-Cities region in the Dallas–Fort Worth metroplex. Grand Prairie is a suburb of both Dallas and Fort Worth and had a population of 175,396 at the 2010 census.- History :The city of...
, Saratoga Springs, New York
Saratoga Springs, New York
Saratoga Springs, also known as simply Saratoga, is a city in Saratoga County, New York, United States. The population was 26,586 at the 2010 census. The name reflects the presence of mineral springs in the area. While the word "Saratoga" is known to be a corruption of a Native American name, ...
, and Ocala, Florida
Ocala, Florida
Ocala is a city in Marion County, Florida. As of 2007, the population recorded by the U.S. Census Bureau was 53,491. It is the county seat of Marion County, and the principal city of the Ocala, Florida Metropolitan Statistical Area, which had an estimated 2007 population of 324,857.-History:Ocala...
. It was recently acquired by company based in Dubai.
Saratoga Springs, New York
The Saratoga Springs branch of Fasig-Tipton is located at East and Madison Avenues in Saratoga Springs, New York, approximately a quarter of a mile from the Saratoga Racetrack. The Humphrey S. Finney Pavilion, the center of the sales during the month of August, is a small auditorium with seating on the bottom in front of an oblong walking ring, where the horses are shown and the auctioneer and spokesperson sit during the sales. The balcony area contains more seating and a press box, around which is an art exhibition which arrives each year from Lexington, Kentucky, at the time of sales. This exhibition is put on by the Cross Gate Gallery, which is not affiliated with Fasig-Tipton. The grounds also hold a restaurant, a snack bar for lighter fare, eight large barns, an office and tool room, and a large walking ring attached to the pavilion for warming up and viewing the horses.The Fasig-Tipton auctions in Saratoga are typically held in early August. There are two nights of "Preferred Sales", where one can only sit inside the pavilion if a reservation is made in advance. The public is allowed on the grounds and inside the pavilion to view the horses and artwork inside, but cannot sit unless prior arrangements are made. During the "Select Sales", typically the New York bred horses are shown, and the public is invited to sit where they wish. During the "Open Sales", the public is also invited to sit inside of the pavilion, making the event more friendly to the local population.