upset price

Beginning with the upcoming March Digital Sale, Fasig-Tipton is raising the upset price for all of the company's live and digital auctions from $1,000 to $2,500. The upset price, or the minimum bid that can be made for a Thoroughbred offered at Fasig-Tipton auctions, has been in place since 2000. "The $1,000 upset price was instituted 25 years ago, and the time has come for it to be raised in support of our industry's long-term commitment to Thoroughbred welfare," said Fasig-Tipton President Boyd Browning.  "The value of the dollar has...