The Fasig-Tipton Company, Inc. is an auction house for Thoroughbred horses founded in 1898 by William B. Fasig and Edward A. Tipton. It is the oldest auction company of its kind in North America.
The company has offices in Lexington, Kentucky, Elkton, Maryland, Grand Prairie, Texas, Saratoga Springs, New York, and Ocala, Florida. It was recently acquired by company based in Dubai.
Saratoga Springs, New York
The Saratoga Springs branch of Fasig-Tipton is located at East and Madison Avenues in Saratoga Springs, New York, approximately a quarter of a mile from the Saratoga Racetrack. The Humphrey S. Finney Pavilion, the center of the sales during the month of August, is a small auditorium with seating on the bottom in front of an oblong walking ring, where the horses are shown and the auctioneer and spokesperson sit during the sales. The balcony area contains more seating and a press box, around which is an art exhibition which arrives each year from Lexington, Kentucky, at the time of sales. This exhibition is put on by the Cross Gate Gallery, which is not affiliated with Fasig-Tipton. The grounds also hold a restaurant, a snack bar for lighter fare, eight large barns, an office and tool room, and a large walking ring attached to the pavilion for warming up and viewing the horses.
The Fasig-Tipton auctions in Saratoga are typically held in early August. There are two nights of "Preferred Sales", where one can only sit inside the pavilion if a reservation is made in advance. The public is allowed on the grounds and inside the pavilion to view the horses and artwork inside, but cannot sit unless prior arrangements are made. During the "Select Sales", typically the New York bred horses are shown, and the public is invited to sit where they wish. During the "Open Sales", the public is also invited to sit inside of the pavilion, making the event more friendly to the local population.
In May of 2008, Fasig-Tipton was purchased by the Dubai based company Synergy Investments Ltd. They are now spending millions of dollars in renovations which they hope to have completed by August 2009 in time for the yearling auctions. (Sources, the Albany Times Union, Saturday, Jan 10th, front page)
-  Kentucky.com News]