Fasig-Tipton To Offer Cryptocurrency Payment, Rewards Services At Saratoga Sale

Fasig-Tipton, North America's oldest Thoroughbred auction house, will become the first Thoroughbred auction company to accept cryptocurrency as payment for equine purchases.

The company will offer the service at its upcoming 100th Saratoga Sale of selected yearlings, scheduled for August 9 and 10 in Saratoga Springs, New York.

To facilitate the payment of horses with cryptocurrency, Fasig-Tipton has partnered with Crypto.com, the world's fastest growing crypto app. Crypto.com Pay – the company's cryptocurrency payment solution for merchants – provides a secure payment platform for the world's estimated 220+ million crypto users.

Those that pay for yearlings with cryptocurrency at Saratoga will receive cryptocurrency rewards, courtesy of Swapp Protocol, the official Cryptocurrency rewards partner of the Saratoga Sale. The buyer of the most expensive horse paid for with cryptocurrency at the Saratoga Sale will receive 1 million SWAPP tokens, which are exchangeable for various fiat and cryptocurrencies.

Boyd Browning, President and Chief Executive Officer at Fasig-Tipton commented: “As Fasig-Tipton approaches its 100th Saratoga Sale, we are excited to partner with Crypto.com and Swapp to offer cryptocurrency payment and rewards services at our flagship yearling sale. Crypto.com has established itself as a flagbearer of security and privacy in the crypto world and Swapp is a forward-thinking company making innovations in the world of data security and monetization.

“Fasig-Tipton aims to be a forward-thinking member of the Thoroughbred industry and we are proud to be the first Thoroughbred auction company in the world to embrace cryptocurrency. Through these partnerships we will introduce individuals and parties that participate in the crypto space to the exhilarating world of horse racing for the very first time, and growing our sport is a priority of the utmost importance at Fasig-Tipton.”

Kris Marszalek, Co-Founder and CEO of Crypto.com said, “We feel very fortunate to have the support of Fasig-Tipton, one of the oldest and most respected brands in the horse auction industry. Our mission is to accelerate the world's transition to cryptocurrency, and we are excited to play a part in pioneering payment innovations in a century-old industry. Together with Fasig-Tipton, we have just taken a major step forward towards reaching our goal.

Tural Bayev, Founder and CEO of Swapp commented: ”Swapp is proud to be a part of the Saratoga Sale, which will bring together champions of the horse racing world with the future champions of data security and monetization. We at Swapp believe the road to mass adoption and inclusiveness in the crypto space starts with education, privacy and safety. Swapp is gaining mass adoption by displacing the bloated middlemen who are currently profiting off of your data and giving it back to the people.”

Founded in 2016, Crypto.com today serves over 10 million customers with the world's fastest growing crypto app, along with the Crypto.com Visa Card — the world's largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports.

Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.

Swapp Protocol is a revolutionary blockchain-based DeFi platform leading a movement to democratize the $1.2 trillion/year data industry by enabling consumers to start getting paid for their online data.

At the core of the Swapp business model is the smartphone app built for iOS and Android. The app enables users to, “install, authenticate and earn”, which allows 100 percent of the data monetization profits to flow back to the users.

Join the movement as Swapp levels the playing field of retail data by empowering consumers to truly “own” their data and enhance user privacy. As the AdTech industry shifts into a cookieless world, Swapp plays a pivotal role in providing the solution. Finally, the consumer will start being compensated for the data they are unknowingly giving away.

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Catalog Released For 100th Saratoga Sale

A total of 210 yearlings by many of the world's top stallions have been cataloged for the 100th renewal of the Fasig-Tipton Saratoga Sale, to be held Monday and Tuesday, Aug. 9 and 10, in Saratoga Springs, NY. Evening sessions begin each night at 6:30 p.m.

The Saratoga Sale is the first major North American yearling sale to be held as many as 100 times. The boutique event was canceled last summer owing to the COVID-19 outbreak, marking the first time since World War II that the sale had not been held.

To commemorate the 100th Saratoga Sale, this year's catalogue includes a fold out timeline that outlines major events in the sale's history, as well as a gallery of the sale's most prominent graduates through the years.

“We are returning to Saratoga in style this year, as we celebrate the sale of a century, the 100th Saratoga Sale,” said Fasig-Tipton President and CEO Boyd Browning, Jr. “For 100 years, Saratoga has produced breed-shapers, champions, classic winners, and international stars.  This year's catalogue is outstanding, offering the type of quality that has drawn buyers to Saratoga in search of the sport's very best for a century.”

Those buyers, who will take a break from racing across Union Avenue, will have the cream of the crop of established stallions from which to choose. The irrepressible Into Mischief has 19 cataloged, including a colt out of of 2016 GI Test S. heroine Paola Queen (Flatter). Among 15 in the catalog for the outstanding Uncle Mo is a May-foaled son of GISW Dame Dorothy (Bernardini), the dam of 'TDN Rising Star' Spice Is Nice (Curlin), while a half-dozen by perennial leading sire Tapit includes a half-sister to the undefeated and stakes-bound Carribean Caper (Speightstown). Other top stallions with yearlings on offer include the young progeny of American Pharoah, Candy Ride (Arg), Curlin, Distorted Humor, Ghostzapper, leading freshman sire Gun Runner, Medaglia d'Oro, Munnings, Nyquist, Practical Joke, Quality Road, Street Sense and War Front.

Approximately a quarter of the Saratoga catalog is comprised of freshman yearling sires, many of which performed well during the New Sire Showcase at the Fasig-Tipton Kentucky July Sale in Lexington July 13. Triple Crown hero Justify (Scat Daddy) has 14 cataloged, including siblings to fellow freshman sire Tapwrit (Tapit) and 'Rising Star' and recently GSP Inject (Frosted), GI Kentucky Oaks winner Princess of Sylmar (Majestic Warrior), as well as a New York-bred son of GI Breeders' Cup Filly & Mare Sprint upsetter Bar of Gold (Medaglia d'Oro). Bolt d'Oro (Medaglia d'Oro) has a baker's dozen set to go through the ring, while other freshmen include Army Mule (Friesan Fire); City of Light (Quality Road); Good Magic (Curlin); Mendelssohn (Scat Daddy); Oscar Performance (Kitten's Joy); and West Coast (Flatter).

“Recent graduates like Grade I winners Known Agenda, Valnaince, Flagstaff and current undefeated 3-year-old colt ['TDN Rising Star'] First Captain are carrying on the century long tradition of Saratoga Sale quality,” continued Browning. “We look forward to welcoming buyers and sellers back to our historic sales grounds this August as we offer the next generation of racing's stars.”

The catalog is now online and may be viewed by clicking here and will also be available in the Equineline sales app. Print catalogs are also available.

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Catalog For 100th Fasig-Tipton Saratoga Sale Now Available

Fasig-Tipton has cataloged 210 selected yearlings for the 100th Saratoga Sale, to be held on Monday and Tuesday, Aug. 9 and 10, in Saratoga Springs, N.Y. Sessions will begin each evening at 6:30 p.m. in the Humphrey S. Finney Sales Pavilion.

“We are returning to Saratoga in style this year, as we celebrate the sale of a century, the 100th Saratoga Sale,” said Fasig-Tipton president Boyd Browning. “For 100 years, Saratoga has produced breed-shapers, champions, classic winners, and international stars. This year's catalog is outstanding, offering the type of quality that has drawn buyers to Saratoga in search of the sport's very best for a century.”

Saratoga is the first major North American yearling sale to reach the milestone of 100 renewals. The sale returns this year after being cancelled in 2020 due to COVID-19, the first time the sale had not been held since World War II.

To commemorate the 100th Saratoga Sale, this year's catalog includes a fold out timeline that outlines major events in the sale's history, as well as a gallery of the sale's most prominent graduates through the years.

In statistics recently released by The BloodHorse MarketWatch, Saratoga once again ranks at the top of all major North American yearling sales in numerous performance categories. Most notably, the sale is ranked first by percentage of Grade 1 winners and graded stakes winners produced from yearlings sold.

“Recent graduates like Grade 1 winners Known Agenda, Valiance, and current undefeated 3-year-old colt First Captain are carrying on the century long tradition of Saratoga Sale quality,” continued Browning. “We look forward to welcoming buyers and sellers back to our historic sales grounds this August as we offer the next generation of racing's stars.”

The catalog may now be viewed online, and will also be available in the equineline sales catalogue app.  Print catalogs are also now available.

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‘Craftily Placed’ Into Mischief Filly Tops Fasig-Tipton July Yearling Sale

The summer yearling sales season kicked off Tuesday at Newtown Paddocks in Lexington, Ky., with a resurgent edition of Fasig-Tipton's July Sale of selected yearlings. The sale's average and median were well-placed historically, and the highest since the benchmarks set in 2007.

“It was a strong start to the 2021 yearling sales season,” said Fasig-Tipton president Boyd Browning. “We were very encouraged when we went to the farms to inspect yearlings by the quality of horses we were seeing, and certainly the two-year-old sales were encouraging, so we had a lot of optimism. I don't think any of us [hoped] to surpass the 2019 numbers… so to be over 2019 is very, very, very encouraging.”

Eclipse Thoroughbred Partners and LNJ Foxwoods joined forces to take home the top-priced yearling of the sale, an $800,000 daughter of Into Mischief offered as Hip 123 by Burleson Farms, agent.

Current leading sire and two-time champion sire Into Mischief is represented by a pair of Eclipse Award Champion Female Sprinters in Gamine, who captured the Breeders' Cup Filly & Mare Sprint in 2020, and LNJ Foxwoods's own Covfefe, who took that race and her division's championship in 2019.

“She was very craftily placed, that's for sure,” said Aron Wellman of Eclipse Thoroughbred Partners. “From a pedigree perspective and a physical perspective, she certainly stood out. I think all the heavyweights were on her, and I think we were right in that neighborhood of where we thought she was going to be. Maybe a bump or two more than that, but for this kind of filly, they're hard to get your hands on. Alex (Solis, bloodstock adviser for LNJ Foxwoods) and I just thought this was the right one to take a swing for the fences.”

Bred in Kentucky by McKenzie Bloodstock, Hip 123 is out of the unraced Indian Charlie mare Cashing Tickets, a full-sister to multiple graded stakes winner Conveyance. Cashing Tickets is the dam of three winners from as many to race, including multiple stakes winning filly Leggs Galore (Bayern), recently second in the Grade 3 Wilshire Stakes at Santa Anita to increase earnings to $342,709.

“When the stud fees go up, there's much more pressure to get to auction, because if they don't like them, they don't care what you gave for the stud fee, they just walk away,” said consignor Lyn Burleson. “This was a special filly, and she's got a big update. I think they got a great horse, and they're going to have a great broodmare prospect down the road.”

The bay filly is from the immediate family of multiple Grade 1 winning millionaire Plum Pretty.

“He's an amazing stallion,” Browning said of Into Mischief, who sired three of the top four yearlings sold. “He is always at the top of the boards. He produces colts, fillies, Derby winners, Classic winners, grass, dirt, short, long. He is the consummate professional as a stallion and there is a high demand for [his offspring], as there should be because of the potential reward on the track.”

The sale's top colt came in the form of Hip 111, a son of Candy Ride (ARG), which sold for $350,000 to James Bernhard from the consignment of Taylor Made Sales Agency, agent (video).

The bay colt  is the second foal out of the Uncle Mo mare Beyond Grace, a full sister to multiple stakes placed winner Mighty Mo. The colt hails from the immediate family of Group 1 winner Moriarty. Hip 111 was bred in Kentucky by OXO Equine.

Also sold for $350,000 was a daughter of Into Mischief purchased by Mike G. Rutherford from the consignment of Four Star Sales, agent for Spendthrift Farm (video).

Offered as Hip 339, the dark bay or brown filly is out of the multiple stakes placed winning Henny Hughes mare Anahauc, a half-sister to stakes winners Gangbuster and Dream Call, as well as to stakes placed winner Glorified, who produced stakes winner Anythingyoucando. The immediate family includes Grade 1 winner Diplomat Lady. Hip 339 was bred in Kentucky by Spendthrift Farm.

Tuesday's sale marked the return of the Freshman Sire Showcase, featuring 103 yearlings by first-crop sires, which were offered at the front of the catalog. Colts by Grade 1 winners Army Mule (Hip 8) and Mor Spirit (Hip 44) were the top sellers, fetching $200,000 each.

Maverick Racing sprung early to snap up Hip 8, a colt by undefeated G1 Carter Handicap winner and Fasig-Tipton graduate Army Mule, for $200,000 from the consignment of Gainesway, agent. The bay colt is out of the winning Congaree mare Congarette, from the immediate family of Grade 1 winner Home at Last. Hip 8 was bred in Florida off Army Mule's 2019 stud fee of $10,000.

Woodford Thoroughbreds purchased Hip 44, a bay colt by multiple Grade 1 winner and Fasig-Tipton graduate Mor Spirit, for $200,000 from the consignment of Eaton Sales, agent for Spendthrift Farm.

Out of the Malibu Moon mare Malibu Cove, a full sister to Grade 2 winner Prospective, Hip 44 is a half-brother to Grade 2 winner Kalypso (Brody's Cause), a graduate of this sale in 2019. The colt's dam is also a half-sister to the dam of stakes winner Josie, who fetched $300,000 to lead off yesterday's July Selected Horses of Racing Age sale. Hip 44 was bred in Kentucky by Spendthrift Farm off Mor Spirit's 2019 stud fee of $10,000.

A pair of fillies by Breeders' Cup Juvenile Turf winner Mendelssohn sold for $185,000 each during the opening section, bred off his 2019 stud fee of $35,000.

Hip 15, by Mendelssohn out of Doritza, was purchased by Rebecca Galbraith from the consignment of Machmer Hall Sales, agent for Stoneriggs Farm. Hip 15 was bred in Kentucky by Robert Slack.

Hip 42, by Mendelssohn out of Laquesta, was purchased by Ben Gowans, agent from the consignment of Paramount Sales, agent. The dark bay or brown filly was bred in Kentucky by Rose Hill Farm & John Trumbulovic.

“It's kind of going back to our roots,” Browning said of the return of the Freshman Sire Showcase. “For years, our reputation in July was great physicals. We may be forgiving a little bit on pedigree and sire power, but if you have a good-looking colt or filly that looks precocious, that is what we are about in July. It helps build momentum for the farms as well.”

The most expensive yearling by a first-crop sire sold later in the sale, Selective LLC/Cary Bloodstock, agent purchased a filly by multiple Grade 1 winner for $230,000. Offered as Hip 174 by Bluewater Sales, agent, the filly is out of Grand Sofia, an unraced Giant's Causeway half-sister to track-record setting Grade 1 winner Rail Trip. Hip 174 was bred in Kentucky by Cobra Farm & MRJ Thoroughbreds.

Practical Joke, currently ranked ninth on the freshman sire list by earnings, is responsible for the top-priced second-crop yearling. Scott & Evan Dilworth purchased Hip 159, a filly out of staes winner and stakes-winner producer Fortune Play, for $240,000 from the consignment of Four Star Sales, agent for D.C. Goff. Hip 159 was bred in Kentucky by D.C. Goff.

In total, 208 yearlings changed hands for $21,608,500, up 16 percent from when 202 sold for $18,621,000 in 2019. The average rose to $103,887 from $92,183, a 12.7 percent increase. The median rose 6.7 percent to $80,000 from $75,000 in 2019. The average was the fourth highest all-time for The July Sale, while the median ranked second. The average and median were the highest at The July Sale since 2007, when the records were set in both categories. The RNA rate was 24.9 percent.

“I am proud of the group of horses our inspection team put together for this sale,” Browning added. “Everybody in the marketplace ought to sleep pretty good tonight. It should be a very good yearling market in 2021.”

Full results are available online.

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