Word: tipton
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...highs; Harry Warner paid $200,000 for Stepfather and $135,000 for Honeymoon. In that and four subsequent sales, the Mayer horses were sold for $4,500,000, the biggest sum ever racked up by Finney' as announcer (i.e., sale manager) for New York's Fasig-Tipton...
Last week Mayer's predictions came true. As control of Fasig-Tipton Co., the biggest private auctioneer in the horse business, passed to new owners,* Humphrey Finney became executive vice president and general manager. He will continue as announcer (an official who works with an auctioneer at horse sales...
Corralling the Market. Fasig-Tipton was started 50 years ago by William B. Fasig, who later took in Edward Tipton. They were horse traders who for years ran the sales of trotters and pacers in Manhattan's old Madison Square Garden. The company corralled the running-horse market in 1917, when it signed an agreement with most of the nation's leading breeders giving it sole rights to sell their horses. In return, Fasig-Tipton built stalls, sales paddocks and other installations at Saratoga Springs, N.Y., thereby making the yearling sales at the spa the most famed...
...past 35 years, Fasig-Tipton has auctioned stock for everyone in the horsy set from the Vanderbilts to the Aga Khan, at an average fee of about 5% of the sale price. Among the biggest prizewinners it has handled: Battlefield, which went for $4,500 and has already earned $430,000; Alsab, which sold for a paltry $700 and earned Owner Mrs. Albert Sabath $350,000; and Man o' War, the equine immortal which went for $5,000 and racked up a gross track income...
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...