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.

The post Fasig-Tipton To Offer Cryptocurrency Payment, Rewards Services At Saratoga Sale appeared first on Horse Racing News | Paulick Report.

Source of original post

Mendelssohn’s Popularity Passes On to First Yearlings

When regally-bred Grade I winner Mendelssohn (Scat Daddy-Leslie's Lady, by Tricky Creek) joined the stallion roster at Ashford Stud in 2019, his half-brother Into Mischief had just received a bump in stud fee from $100,000 to $150,000 at nearby Spendthrift Farm. The next year, as Mendelssohn's first foals were hitting the ground, Into Mischief was represented by GI Kentucky Derby hero and eventual Horse of the Year Authentic. Today, as Into Mischief is now widely regarded as the leading stallion in the world, Mendelssohn awaits the day when his first crop reaches the starting gate to find out if he can replicate the same extraordinary success as his older brother.

“I think there's no doubt that Into Mischief is the best stallion in the world now that Galileo (Ire) has unfortunately passed away,” Coolmore's Adrian Wallace said. “Every single Saturday he's represented across the country and around the world by graded stakes horses. It will be very fitting if his half-brother by the late, great Scat Daddy could be somewhat as good.”

The breeders strongly agreed with this hypothesis, sending close to 500 mares to the Grade I winner in his first two years at stud off a $35,000 stud fee.

“We're lucky at Ashford to have stood some very popular stallions, but none have ever been as popular as Mendelssohn,” Wallace explained. “He really captured the imagination. It was no surprise that everyone was after him given the fact that he's a brother to Beholder (Henny Hughes) and Into Mischief, given his physique and that he was able to transform that on the racetrack. He became a really, really hot commodity. If he were able to cover 400 mares a year, the demand would have been there.”

A $3 million yearling purchase, Mendelssohn had all the physical appeal to attract the Coolmore buying group at the Keeneland September Sale in 2016 as well as potential breeders a few years later.

“He's an absolute picture,” Wallace said. “He's one of the best-looking horses we've ever had and we've had the privilege to have had some beautiful horses here. But he also has great balance and a wonderful temperament. He was able to get on a plane seven different times to come to the U.S. and run with credit each time.”

Trained in Europe by Aidan O'Brien, Mendelssohn was runner-up to U.S. Navy Flag (War Front) in the G1 Darley Dewhurst S. before taking the GI Breeders' Cup Juvenile Turf. He returned as a sophomore with a win in the Patton S. at Dundalk in March followed by a track record-breaking score in the G2 UAE Derby.  Raced exclusively over the main track from then on, the bay placed third in the GIII Dwyer S., second to Catholic Boy (More Than Ready) in the GI Runhappy Travers S. and third in the GI Jockey Gold Cup S. before retiring with earnings of over $2.5 million.

“It's been a long time since we've had a Grade I winner on dirt in this country that was trained in Europe,” Wallace said. “I think Johannesburg was the last to do it in the Breeders' Cup Juvenile. Mendelssohn mixed with the best 3-year-olds of his generation, both in Europe and here. His most emblematic victory was in the UAE Derby when he won by 18 ½ lengths. He broke very, very well, went to the lead and pretty much galloped out in front of the TV.”

Wallace explained the trends he has seen in Mendelssohn's first few crops.

“They're very athletic, well-conformed horses,” he said. “They've got immense quality and they're very good movers. If you watch him walk, he moves like a cat. He's got a long, fluid walk and I think he's passing that on. They're generally very well-built, well put-together horses.”

The first crop from the son of Scat Daddy made a splash in the sales ring last year as weanlings, with 28 of 36 sold to average $82,589 and name their sire as one of the top three first-crop weanling sires.

Mendelssohn colt out of Tessie Flip sells as Hip 6 at the Fasig-Tipton Saratoga Sale.

Two colts brought $300,000 as weanlings. A son of MSW American Sugar (Harlan's Holiday) sold to Amerman Racing LLC at the Fasig-Tipton November Sale and a colt out of Abuntia (Olmodavor) went to Oxo Equine LLC at Keeneland November.

At the first major yearling sale this summer, the Fasig-Tipton July Sale, two Mendelssohn yearlings brought $185,000 and a third sold for $85,000.

“It's very early days, but the fact that two of his yearlings have gone through the sales ring already and sold for $185,000 a piece is a very good start,” Wallace said. “But there's a lot of  very nice ones to come, both in Saratoga and at Keeneland September.”

Mendelssohn will be represented by seven yearlings at the fast-approaching Fasig-Tipton Saratoga Select Sale, with an additional nine hips cataloged for the New York-bred sale the following week.

A colt out of the winning Grand Slam mare Tessie Flip will sell as Hip 6 at the select sale with the Paramount Sales consignment. The April-foaled bay is a closely-related brother to stakes winner and GIIISP Jo Jo Air (Scat Daddy) and his dam is a half-sister to two-time Grade I winner Switch (Quiet American).

“This colt has great balance, is very athletic and has a great walk,” Paramount's Gabriel Duignan said. “I think he's an extremely nice colt. What makes him stand apart from his older siblings is that they were also very good looking and very fast, but he's got more size, strength and scope I think. So he's a bigger model than they were, but has all the good qualitites that they do. He's an extremely fast-looking horse with a huge hip on him.”

Another Mendelssohn youngster heading to Saratoga is a filly out of SP Simply Confection (Candy Ride {Arg}). Selling as Hip 195, the Indian Creek-consigned yearling is from the family of GIIISP Inflexibility (Scat Daddy), champion Ashado (Saint Ballado) and GISW Sunriver (Saint Ballado).

Hip 195, a filly out of stakes-placed mare Simply Confection, sells with the Indian Creek consignment.

“We've had the filly here on the farm and are very excited to take her up to the sale,” said Indian Creek's Sarah Sutherland. “She's a very elegant, strong, confident and intelligent filly and a beautiful mover. She's very efficient and covers the ground with no wasted action. She has handled the prep and everything coming in just as well as we could have hoped.”

Both Duignan and Sutherland spoke highly of the Mendelssohn progeny they have worked with already.

“I'm a huge fan of Mendelssohn and have been into him all along,” Duignan said. “I'm seeing the trend that a lot of the Mendelssohns I have [look like] the best the mare has thrown. He was an extremely good racehorse and we all know about his pedigree, which couldn't be better. So I think he's got a huge shot.”

“We had a couple clients breed to him last year and have several very nice weanlings on the ground,” Sutherland said. “They're predominantly out of turf mares and we're very excited about them. They have great size, natural scope and substance, and are all very correct, nice-moving horses.”

Of the five other Mendelssohn yearlings cataloged for the upcoming Saratoga Sale, the list includes a filly out of SP Auction (Ire) (Mr. Greeley), a son of GIIISW Dogwood Trail (Awesome of Course), a colt out of SP Ghost Flower (Ghostzapper), a filly hailing from the extended family of Grade/Group I winner and producer Chimes of Freedom (Private Account) and a filly out of SW Singing Kitty (Ministers Wild Cat). View the full pedigrees here.

“I think [the fact that] there are seven nominated to Fasig-Tipton's sale in Saratoga is indicative of the quality of mares he bred and the look they have,” Wallace said. “He covered a stellar book of mares in the last three years. A horse with his pedigree, look and race record deserves that support, so now the rest is up to them.”

The post Mendelssohn’s Popularity Passes On to First Yearlings appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Saturday’s Insights: $1.5M Curlin Colt Debuts at Belmont

1st-BEL, $90K, Msw, 3yo, 7f, 1:00p.m.
Trainer Shug McGaughey unveils West Point, Siena Farm, Bobby Flay and Woodford Racing's FIRST CAPTAIN (Curlin), a $1.5 million purchase at the Fasig-Tipton's Saratoga Select sale last summer. The colt is the first foal out of GSW & GISP America (A.P. Indy), a homebred for the Iron Chef. The 3-year-old sports a bullet four-furlong work in :48 1/5 at Payson Apr. 10, and most recently, registered a :48 4/5 (28/63) for the same distance at Belmont Apr. 17. Also suiting up for the first time is Shadwell's MAHAAMEL (Into Mischief). A $700,000 KEESEP buy, the Todd Pletcher trainee is out of Grade III winner Hot Stones (Bustin Stones), a half to Hot Mist (Tonalist), who won on debut last season. TJCIS PPs

7th-SA, $61K, Msw, 3yo/up, 6f, 7:12p.m.
Hronis Racing, Siena Farm, Summer Wind Equine and West Point's FLIGHTLINE (Tapit) takes off for John Sadler Saturday. Bred by Summer Wind, the colt realized a $1-million final bid at last summer's Fasig-Tipton Saratoga sale. Out of Grade III winner Feathered (Indian Charlie), who also hit the board in the GI Frizette S., GI Starlet S. and GI American Oaks, the bay posted a sharp five-furlong work Apr. 18, stopping the watch in 1:00 2/5. Feathered, a $300,000 OBSMAR buy, was purchased by Summer Wind–in foal to War Front–for $2.35 million at KEENOV in 2016. MONEY MIKE (Into Mischief), a KEESEP graduate, makes his first start for the partnership of SF Racing, Starlight Racing, Madaket Racing and Stonestreet Stables. The $600,000 yearling purchase is the first foal out of MGSW Ahh Chocolate (Candy Ride {Arg}) and comes into this off several speedy works, including the latest a five-furlong move in 1:00 1/5 at Santa Anita Apr. 17. Simon Callaghan sends out SECRET WEAPON (Candy Ride {Arg}), a $650,000 KEESEP purchase. Campaigned by Qatar Racing and his breeder Peter Blum, the chestnut gets the services of Umberto Rispoli for this unveiling. TJCIS PPs

The post Saturday’s Insights: $1.5M Curlin Colt Debuts at Belmont appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Joseph Derby Dreamin’

A Triple Crown winner in his native Barbados, Saffie Joseph Jr. took his first shot at America's Classics in 2020 with GISP Ny Traffic (Cross Traffic), who failed to hit the board in both the GI Kentucky Derby and GI Preakness S. last fall before heading to the sidelines for the remainder of the season. Fast forward to 2021, Joseph returns to the Triple Crown trail with another exciting prospect in Three Chimneys Farm and eFive Racing's Collaborate (Into Mischief), who is slated to contest Saturday's GI Curlin Florida Derby at Gulfstream Park. The colt debuted with a fifth as the favorite going six panels in the Gulfstream slop Feb. 6 before rebounding to a TDN Rising Star garnering performance when winning by an eye-catching 12 1/2-length margin  stretching to a mile at the Hallandale oval Feb. 27.

“Every time we worked him before he ran, he impressed really me,” he said. “He did everything so effortlessly and nothing seemed to phase him. So, when he got beat first time out it was a big disappointment because he had touted himself so much leading up to that. I just didn't think he'd get beat. But that day, he got valuable experience. It was a relief second time out because we always knew he had that kind of talent.”

Joseph's first Grade I victory was recorded by Math Wizard (Algorithms), a one-time $25,000 claimer who went on to annex the 2019 Pennsylvania Derby. And it was the development of lesser pedigreed horses into top-rung winners that earned Joseph Jr. the street-cred needed to usher in flashier stock. Case in point, purchased for the healthy sum of $600,000 at the Fasig-Tipton Saratoga Select Yearling sale, Collaborate represents the highest priced sales purchase for the young trainer.

“He's definitely the most talented horse I've ever had,” affirmed Joseph Jr. “He has a lot of ability. We're a little behind schedule, so we're asking him to do things that might be a tall task. But he seems like he as the ability to overcome it. Getting beat the first time, in hind sight, was a blessing because he got a lot of education from that. He got more tired first time out than in his second start. We just hope we can build on that and show up again and run a similar race [in the Florida derby]. If he does, we think we have a horse that is very capable.”

Regarding tactics for the nine-furlong contest, he added, “He's very versatile. I think that's one of his advantages. He has that high-cruising speed and he stays pretty strong late. I think he will be on or near the lead, where he is comfortable. Ideally, he will be in a forward position and can run his race.”

Tyler Gaffalione reunites with the colt Saturday.

Joseph will also be represented by additional Triple Crown hopefuls–Moonlite Strike (Liam's Map) and Awesome Gerry (Liam's Map)–at Turfway Park Saturday in the GIII Jeff Ruby Steaks, which offers 100 Derby points to the winner. The former won second out going seven-eighths at GP West before adding another tally while adding a furlong in a Dec. 10 optional claimer. Fourth in Oaklawn's Smarty Jones S. Jan. 22, he was an improved third last time in the Mar. 6 GII Lambholm South Tampa Bay Derby.

“In the Tampa Derby, he kind of jumped up and ran above his odds and actually surprised us,” admitted Joseph Jr. “He was third and picked up 10 points and he had one more from his previous race at Oaklawn. [Sonata Stables] wants to give him a chance to continue on and see if he can pick up some more points.”

John Fanelli, Cash Is King, LC Racing, Paul Braverman and Timot Pinch's Awesome Gerry won two of four starts in Southern Florida at two in addition to finishing runner up in the Jean Lafitte S. at Delta last November. Third in Gulfstream's Mucho Macho Man S. in January, the grey finished seventh and sixth, respectively, in the Jan. 30 GIII Holy Bull S. and most recently in the Tampa Bay Derby.

“We feel like if Moonlite Strike finishes one-two-three he can earn a spot and it would be nice for the owner to have a Derby runner,” he said. “We thought the Jeff Ruby was the best opportunity to pick up some points. He has a turf pedigree, so we figured he might light the Tapeta and that might help move him up a little bit. And we hope the Tapeta could also help Awesome Gerry move up, too.”

While having already earned Derby points when winning the Jan. 30 GIII Swale S., Slam Dunk Racing, Madaket Stables, Wonder Stables and Michael Nentwig's Drain the Clock is unlikely to pursue a berth the First Saturday in May. He most recently finished runner up behind Florida Derby early favorite Greatest Honour (Tapit) in the Feb. 27 GII Fasig-Tipton GII Fountain of Youth S.

“Drain the Clock picked up 20 points in the Fountain of Youth S. and it was probably easy to pick up a few more points to get him to the Derby, but that ownership group they don't want to go to the Derby if they can't win it,” he confirmed.

Instead, the chestnut will be redirected to shorter distances, beginning with the Apr. 3 GIII Bay Shore S. at Aqueduct. Irad Ortiz Jr. will have the mount.

Although Joseph had spent many of his early years as a trainer dreaming about having a horse good enough to make it into the starting gate on Derby day, his initial attempt during a COVID- plagued season proved anything but usual. So, heading toward this year's race, what was his chief takeaway after tackling the 2020 renewal?

“Last year was the first time, so you obviously learn something,” he said. “Even without a crowd, in the walk over our horse got a bit keyed up. If we get back there this year, we'd probably use earplugs on the horse. But as far as training, you just hope the horses stays healthy enough to get into the race.”

The post Joseph Derby Dreamin’ appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Verified by MonsterInsights