Case study: Ramiro Restrepo and Fasig-Tipton

How Latin Americans are playing a role in U.S. Thoroughbred sales

Ramiro Restrepo, Latin American Market Representative for Fasig-Tipton, focused on his work at the 2016 Saratoga Select Yearling Sale. Linzay Marks photo

Ramiro Restrepo refers to his base in Miami, Florida as being like “Latin America part 2,” emphasizing the high-volume Latin American influence in the city – from decision makers, government and civic leaders, real estate, media and entertainment, and Latin American natives with second homes in the United States.

Restrepo was based at Gulfstream Park a few years back when he connected with Fasig-Tipton, the oldest Thoroughbred auction company in North America (“History”). The company then met with him to discuss their upcoming project: hosting the 2015 Florida 2-year-olds in Training Sale at Gulfstream Park for the first time. Several attributes made Restrepo an obvious candidate for a position that did not yet exist at Fasig-Tipton: a market representative for Latin America. Restrepo called the creation of his position a “connect the dots thing,” due to the recent impact of Latin Americans at Fasig-Tipton sales, and described the initial meeting during an interview before the 2016 Saratoga Sale of Selected Yearlings in Saratoga Springs, New York: Continue reading