When the Phipps family decided to sell all their yearling colts at the 2019 Keeneland September auction, it wasn’t because they were intending to leave the business they had been involved in for nearly a century.
The decision to sell came three years after Ogden Mills “Dinny” Phipps had passed and his children Daisy Phipps-Pulito and Ogden Phipps were certainly planning to keep the stable going.
“This was just one of the ways we can sort of spread our risk a little bit,” Phipps-Pulito said.