Could Virtual Thoroughbred Auctions Work In The U.S.?

The experience of a live auction is nearly impossible to replicate, but faced with the challenge of holding a national-level sale in the midst of the COVID-19 pandemic, Australia’s Inglis Easter Yearling Sale got generally high marks for its virtual edition last week.

A story by BloodHorse looked back on the victories and challenges posed by the virtual Inglis sale, and whether a similar auction could be plausible in the U.S.

Ned Toffey, general manager of Spendthrift Farm, said the idea would likely work best in the broodmare sector, where physical inspections are not as nit-picky as with racing prospects. Spendthrift has an operation in Australia, and Toffey said the farm has purchased “relatively expensive” broodmares through Australia’s online sales.

Mark Taylor of leading North American consignor Taylor Made Sales Agency, said he did not expect such measures to be taken by the time the Keeneland September Yearling Sale rolls around, but the idea of hosting a virtual auction in a marketplace so large could plausibly be done, cutting buyer attendance down to the agents inspecting the horses.

BloodHorse also polled management for North America’s three major auction houses – Keeneland, Fasig-Tipton, and Ocala Breeders’ Sales Co. – who each said they watched the Inglis sale with interest. Online auctions had been discussed within all three companies, but none revealed immediate plans to roll out a virtual sale.

Read more at BloodHorse.

The post Could Virtual Thoroughbred Auctions Work In The U.S.? appeared first on Horse Racing News | Paulick Report.

DYFD Winter - 300x90

Comments are closed.