Business & Tech
$500K Horses Auctioned at Fasig-Tipton
North America's oldest thoroughbred auction company, founded in 1898, held its tri-annual sale in Timonium.
Timonium saw more than $16 million change hands at the over the last two days at Fasig-Tipton’s Mid-Atlantic horse sale auction, according to the Daily Racing Forum’s online report.
Three hundred thirteen two-year-old horses with famous pedigrees and shiny futures were auctioned for as high as $575,000. Running an eighth of a mile in 10.2 seconds is apparently the speed that makes a young horse expensive – that was the clocked speed for both the highest priced colt and filly.
The second-highest priced colt ran the eighth-mile in 11 seconds. He was auctioned for $470,000, while the filly, which ran faster, was auctioned for $450,000.
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Read more about the Fasig-Tipton here and the Daily Racing Forum’s report on the tri-annual Timonium auctions here.
For a different perspective on horse racing, read Patch’s story of a Timonium teacher who rescues thoroughbreds when their .