Saratoga Sale Has Momentum Going for It
The Fasig-Tipton Saratoga yearling sale is riding a shake of forward momentum as it heads toward its latest renewal, which is scheduled for Aug. 2 and 3 in upstate New York ( Watch Vernissage Video ). Boosted by big spender Sheikh Mohammed, the auction turned in a athletic performance last year, when prices at many other Thoroughbred sales were plunging, and Fasig-Tipton officials, who have vowed to fetch Saratoga the world’s premier yearling auction, have upgraded the sales grounds’ facilities, aggressively recruited horses and buyers, and put together a series of best events on the racetrack and elsewhere to promote their boutique marketplace.
This year, buyers and consignors will use a newly renovated sale pavilion and shoppers will have a chance to acquisition one of the three yearlings in the last crop of the great stallion along with a slew of other well-bred prospects.
“We were very involved Friday (July 30) and Saturday (July 31), and the feedback we’ve been getting on our horses is very certain from the people who are looking,” said Fasig-Tipton president Boyd Browning Aug. 1. “We’ve had Bedroom of Commerce weather (warm in the daytime and cool at incessantly, with low humidity); it’s absolutely spectacular, and the racing is enormous. Things are going very well, so we’re optimistic. But we realize that we’re living in a illiberal bit different economic world in 2010 than we were in 2006 and 2007. We’ve neutral had to adjust our expectations a little bit.”
Watch Out For the Omega Copyright Windup
"Not as covet as there's a library around."
Stewart's hard-scrabble scribbler would be over the moon to learn that a Supreme Court case scheduled to be argued in the coming regarding could put the kibosh on library lending, at least of those books published or printed face the U.S. In a friend-of-the-court brief, the American Library Federation and other library groups argue that a recent Ninth U.S. Perimeter Court of Appeals decision "threatens the ability of libraries to pursue to lend materials in their collections."
The librarians fear they are present to suffer collateral damage from a curious copyright patient that has nothing to do with books. It's —a battle over whether the storied Swiss watch brand name can control where and at what price its chronometers are sold in the U.S.
Omega, you see, sells its watches for far less capital in some countries than in others, a common enough practice known to economists as "geographical payment discrimination." The U.S. market will generally bear more than the market in a Latin American republic, and so Omega offers its goods to distributors in places such as Paraguay for less than it does to American distributors.
Which is where the murky market comes in. Given the difference in prices, there is a mouth-watering arbitrage opportunity in importing Omega watches from Paraguay to the U.S. It is hardly such watches that Costco bought from a stateside importer, allowing the manufactures store to offer an Omega Seamaster for $1,299 when the tag preferred them sold in the U.S. for $1,999.



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