08/04/2014 12:47PM

Sales sector increases support for TAA


The Thoroughbred Aftercare Alliance (TAA) reports that it has received significantly increased support from buyers and consignors at North American Thoroughbred auctions, with voluntary contributions totaling more than a quarter million dollars.

While participation varies from sale to sale, comparing 2013 to 2014, the average buyer participation at all sales has increased by 6 percent, from 49.5 percent participation to 52.4 percent.  Consignor participation at all sales grew 7 percent over the last year, from 72.5 percent to 77.8 percent.  From January through the end of June 2014, buyers have contributed $61,996.04, consignors have contributed $81,789.95, and sales companies have invested $106,625.45 in TAA’s mission to ensure industry-wide funding for accredited organizations that care for retired Thoroughbreds.

As of the end of June 2014, this has meant another $250,411.44 for TAA’s accredited aftercare partners thus far; billing can continue up to 90 days.

Sales revenue is one element of TAA’s goal to establish a broad-based, automatic funding mechanism at every touch point in a Thoroughbred's life. Last year, the TAA began benefiting from a joint decision made by competing sales companies to come together for a common cause.  Buyers and consignors at Fasig-Tipton, Keeneland, the Ocala Breeders' Sales Company, and Barretts Equine Limited have the opportunity to automatically contribute 50 cents for every $1,000 transaction, or $25 to TAA for every $50,000 Thoroughbred that is bought or sold.  Additionally, sales companies donate another half a percentage point of gross sales to TAA.

“Taylor Made, Eaton Sales, Summerfield Sales Agency and many other sale participants have told me how proud they are to be a critical part of what TAA is doing to raise the industry standard for aftercare,” TAA Executive Director James Hastie said. “We are grateful to see a growing number of buyers and consignors equally invested in promoting and supporting our mission.”