2020 Fasig Tipton September Yearling Sale

[Squeaky]

Hip 400 an American Pharoah colt out of Swingit by Victory Gallop went for 1.25 million to Speedway Stables.

This one's price surprised me. I didn't have time earlier to really look into the pedigree but you have to go to the 4th dam to find a GSW, with the 4th dam, Carnauaba, being the only G1SW on the page. His half brother Neolithic was a MG1Spw but its a sparse page to bring 1.25m. He was attractive though.

This horses’s half sister, Travel Column, won impressively recently at SAR for Brad Cox-too recent to make catalog- this may have pushed the price upward.

[Squeaky]

I have a question for those in the business re: RNA’s and buy backs. It seems when you offer a horse for sale with a reserve , if there is an RNA then the owner needs to buy the horse back with the highest bid. I have watched some classic car auctions and it seems like if your reserve is not met you are given the option of removing the reserve, or just not selling at the price and taking the car back, but you don’t have to buy it back again. Are horse auctions different in this regard, and if so, why? Thanks!

[Flanders]

I have a question for those in the business re: RNA’s and buy backs. It seems when you offer a horse for sale with a reserve , if there is an RNA then the owner needs to buy the horse back with the highest bid. I have watched some classic car auctions and it seems like if your reserve is not met you are given the option of removing the reserve, or just not selling at the price and taking the car back, but you don’t have to buy it back again. Are horse auctions different in this regard, and if so, why? Thanks!

These are Keeneland's rules, I'd assume Fasig Tipton is the same.
They say "buyback" but it doesn't mean buyback. It just means the seller has to pay 2.5% commission on the last RNA bid, while if the horse actually sold the commission is 5%. They can also do Private Sales after the horse RNAs in the ring but they have to be reported. Then there is a $1,000 entry fee.

[Squeaky]

I have a question for those in the business re: RNA’s and buy backs. It seems when you offer a horse for sale with a reserve , if there is an RNA then the owner needs to buy the horse back with the highest bid. I have watched some classic car auctions and it seems like if your reserve is not met you are given the option of removing the reserve, or just not selling at the price and taking the car back, but you don’t have to buy it back again. Are horse auctions different in this regard, and if so, why? Thanks!

These are Keeneland's rules, I'd assume Fasig Tipton is the same.
They say "buyback" but it doesn't mean buyback. It just means the seller has to pay 2.5% commission on the last RNA bid, while if the horse actually sold the commission is 5%. They can also do Private Sales after the horse RNAs in the ring but they have to be reported. Then there is a $1,000 entry fee.

Thanks -that makes more sense. An article I read said there was a 1.4 M buyback for a Curlin filly and that seemed like a huge amount of money just to get the horse back! 35k while still alot, is a bit more reasonable to get the horse back.

Is there a commission to the sales company for private sales that occur after the sale but on the sale grounds?

[Flanders]

I have a question for those in the business re: RNA’s and buy backs. It seems when you offer a horse for sale with a reserve , if there is an RNA then the owner needs to buy the horse back with the highest bid. I have watched some classic car auctions and it seems like if your reserve is not met you are given the option of removing the reserve, or just not selling at the price and taking the car back, but you don’t have to buy it back again. Are horse auctions different in this regard, and if so, why? Thanks!

These are Keeneland's rules, I'd assume Fasig Tipton is the same.
They say "buyback" but it doesn't mean buyback. It just means the seller has to pay 2.5% commission on the last RNA bid, while if the horse actually sold the commission is 5%. They can also do Private Sales after the horse RNAs in the ring but they have to be reported. Then there is a $1,000 entry fee.

Thanks -that makes more sense. An article I read said there was a 1.4 M buyback for a Curlin filly and that seemed like a huge amount of money just to get the horse back! 35k while still alot, is a bit more reasonable to get the horse back.

Is there a commission to the sales company for private sales that occur after the sale but on the sale grounds?

Yes its 5% like a normal sale. There is also a rule that a horse can't change hands within X days after the auction if it RNAs or the sales company still receives commission on the sale. But there are just so many rules for these auctions that I'm having trouble finding the exact wording.