Beginning with the upcoming March Digital Sale, Fasig-Tipton is raising the upset price for all of the company's live and digital auctions from $1,000 to $2,500. The upset price, or the minimum bid that can be made for a Thoroughbred offered at Fasig-Tipton auctions, has been in place since 2000.
“The $1,000 upset price was instituted 25 years ago, and the time has come for it to be raised in support of our industry's long-term commitment to Thoroughbred welfare,” said Fasig-Tipton President Boyd Browning. “The value of the dollar has certainly increased over time, and by raising our upset price we are better ensuring responsible horse ownership for years to come.”
Fasig-Tipton has tentatively scheduled 11 live and eight digital auctions for 2025. Following digital auctions set for April and early May, the company will conducts its next live event, the Midlantic Sale of 2-Year-Olds in Training, at the Maryland State Fairgrounds in Timonium May 19 and 20.
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