john magnier

BREEDERS’ CUP AND THE IMPORTANCE OF PARANOIA

By Ray Paulick “I’m often credited with the motto, ‘Only the paranoid survive.’ I have no idea when I first said this, but the fact remains that, when it comes to business, I believe in the value of paranoia.” – Andrew Groves, founder and former chairman, Intel Corporation. “Just because I’m paranoid doesn’t mean […]

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WORLD’S BEST HORSES OF 2008

By Ray Paulick There are a number of ways to look at the just-released World Thoroughbred Rankings, which were compiled by racing officials/handicappers from around the globe and published by the International Federation of Horseracing Authorities. Which country had the highest representation? What about the stallions that produced the highest number of world-class runers and […]

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KEENELAND: CAN THE ELEPHANT LEARN TO DANCE?

By Ray Paulick Two years ago, leading buyer John Ferguson bought 25 yearlings during the two select sessions of the Keeneland September yearling sale for $56,885,000, an average price of $2,275,400. This year, Sheikh Mohammed’s chief bloodstock adviser signed tickets for 19 yearlings, but only spent $15,655,000, an average price of $823,947. Sheikh Mohammed’s commitment […]

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SUMMER OF SLUMP

By Ray Paulick Thoroughbred breeders are on pins and needles in the days leading up to the bellwether sale that determines the state of the commercial market and the financial well-being of thousands of people engaged in the business of breeding, raising and selling racehorses. There is always an air of uncertainty as […]

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QUESTIONS FOR SALE

By Ray Paulick   Ten questions about the Fasig-Tipton sale of select yearlings that begins tonight at the Humphrey S. Finney Sales Pavilion in Saratoga Springs, N.Y.?   Question 1: Now that Fasig-Tipton is owned by an associate of Sheikh Mohammed of Dubai, will the sheikh’s chief bloodstock agent, John Ferguson, be more active than he […]

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SARATOGA SALE HOLDS ITS OWN

By Ray Paulick In the face of volatile financial markets, a gloomy world economy and a multitude of publicity problems in the American racing industry, business at Fasig-Tipton’s two-night select yearling sale in Saratoga Springs, N.Y., performed extremely well in its first year under new ownership, with the average up slightly from 2007 and the median price […]

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NEW ERA FOR FASIG-TIPTON

Consignors and buyers attending Fasig-Tipton yearling sales in Lexington, Ky., and Saratoga Springs, N.Y., in July and August may be a little disappointed if they are looking for a sudden transformation of the 110-year-old Thoroughbred auction company under the new ownership of Dubai-based Synergy Investments. The sale, announced in April, closed May 30. […]

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