Fasig-Tipton

[2] The Fasig-Tipton Company, Inc. is an auction house for Thoroughbred horses founded in 1898 by William B. Fasig and Edward A. Tipton.

Its first headquarters were in Madison Square Garden in New York, and Fasig-Tipton initially sold high-class road and carriage horses in addition to Thoroughbred and Standardbred racing stock.

Held annually in late November or early December, the Old Glory sale offered a "Grand Aggregation of Thoroughbred Stallions, Mares, Racehorses, Yearlings, and Weanlings,"[4] as well as Standardbreds.

Tranter's also made dramatic changes to the format of the sales catalogue: originally, the page for each horse offered might list up to 30 generations of pedigree with limited or no produce record, as well as subjective descriptions written by the individual consignors.

[5] Due to cargo limitations imposed on breeders during World War II, the Saratoga Sale was suspended from 1943 through 1945.

[citation needed] In 1968, the Humphrey S. Finney Sales Pavilion was built, named after an individual who worked for the company from the 1930s through the 1960s.

The balcony area contains more seating and a press box, around which is an art exhibition put on by the Cross Gate Gallery, which is not affiliated with Fasig-Tipton.

The Florida Sale produced the most expensive Thoroughbred ever to sell at public auction, a colt which sold for $16,000,000 in 2006,[12] later named The Green Monkey.

[14] In 2008, Fasig-Tipton was purchased by Synergy Investments Ltd., a Dubai-based company headed by Abdulla Al Habbai.

In addition, Fasig-Tipton modernized its sales facilities in Lexington, Saratoga, and Timonium, as well as made considerable technological upgrades.