Word: fasig
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...high-priced, slow-footed dreams deferred that will retire without a single trip to the post. But if the pie is quite high in the sky, the tax shelters are very down to earth, so the wealthy gather every July in Keeneland and Lexington for the Keeneland and Fasig-Tipton Select Summer Yearling Sales. Dripping jewels and dropping the names of noble bloodlines-both human and equine-they have spent nearly $35 million this year on 623 unnamed, untried colts and fillies...
...closed-circuit television inside and out. Still, the sales at Saratoga -American racing's most traditional and posh resort-are essentially unchanged since that evening in 1918 when Samuel Riddle bid up to $5,000 for a handsome chestnut colt. They named him Man O' War, and Fasig-Tipton -the company that conducts the auction for 5% of the gross-has been packing them in ever since. The rising price scales remain unaffected by recession, famine, or even an epidemic of Venezuelan equine encephalomyelitis. This year special spice was added to the proceedings by the memory...
...fourth day of the annual yearling auction at Saratoga Springs, N.Y., the horse-trading Fasig-Tipton Co. set a new world's record: a Keswick Stables chestnut filly sired by Swaps, 1955 Kentucky Derby winner, went to Paul Mel-Ion's Rokeby Stable for $83,000-highest price ever paid for a yearling filly at public auction...
...Horseflesh. Bringing buyer and seller together is the job of white-haired Humphrey Finney, 58. who rules Fasig-Tipton Co., an $8,500,000-a-year horse-trading enterprise that extends from Saratoga to stud farms in England. France, Australia and South America. After 24 years as an auctioneer and "pitchman." British-born Finney knows as much as any man about the cash value of good horseflesh-and about the strange habits of the bidder. Finney scornfully tolerates parvenus whose extravagantly high offers make no horse sense, pointedly admonishes bidders when he thinks the offers...
Auctioning horses requires as much know-how as bringing them home in front. The minute a horse is put up for sale, Fasig-Tipton's pedigree department gets busy compiling a dope sheet for prospective buyers on the horse's genealogy and racing record...