Horsemen form sales company in Maryland

April 28, 1993|By Ross Peddicord | Ross Peddicord,Staff Writer

LOUISVILLE, Ky. -- Despite the sagging horse industry, several prominent thoroughbred owners and auctioneering personnel announced yesterday they have formed a horse sales company in Maryland called Horsemen's Bloodstock Services.

The company plans to hold its first auction, a select yearling sale, at the paddock at Laurel Race Course in September and follow that up with a mixed sale at the Timonium Fairgrounds later in the year.

Milton J. "Laddie" Dance, an auctioneer with the Fasig-Tipton Co. for 43 years, is the firm's chief executive officer, and Josh Taylor, a former Fasig-Tipton Midlantic executive, is general manager.

The company has leased office space at The Greens near Laurel Race Course.

Company backers include Jeanne Vance of Sparks; Florida real estate auctioneer Robert K. Smith; John M. S. Finney of Lexington, Ky., and Joseph S. Keelty of Baltimore.

During the past five years, two horse sales companies, the Maryland Sales Agency and Equivest Breeders' Sales Co., filed for bankruptcy protection and went out of business.

But despite the failure of those companies, Finney said yesterday that by updating market techniques and re-packaging the way local horses are sold he thinks there is a niche in Maryland for the new firm.

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