Fitness & Sports

What Is Meant By Race Horse Auctions?

When we search for the best kind of the horses or we must say the best breed of the horses that has a huge demand all over the world because they can be trained to become the best horse racers, having the best of genes they would be able to pull that off and win the race nonetheless. The first name that comes up is the thoroughbred horse. A thoroughbred horse is the best breed of horses and according to google and Wikipedia, they are very expensive, to be honest, 9,124 horses which were sold at an auction were worth a total value of $814,401,000. That is a huge amount of money and roughly that would estimate one of the thoroughbred horses to be at least the worth of $89,259.

There is a proper way in which these race auctions actually work is that one month before the auction, the auction company or the company that actually hosts the auctions sends out a catalogue with the information about all the horses, all the details of each of the horse that would be there at the auction. The people then see the catalogue and rate and rank all the horses according to the characteristics and so they decide which horse they are going to set their bet on for that matter then. Everyone who gets the catalogue then lists down the name and number of the horses and all the information they might need at the day of sale and they go about it in this way then. This keeps on happening for weeks before the auction.

Then one week before the auction, the horses are made to run and the videos are shared with the people interested so that they can look at their listed horses’ capabilities and on the day of the auction, the people are allowed to see their horses in the barns so that if they think they have a flaw, they might just reconsider their decisions for that matter then. As soon as the auction starts people start to bid money on the horses that they would like to buy and to no one’s surprise in the end there are only a few people who can afford the range on which the horses are finally sold. This is because the price that is the end price is such that it is in millions of dollars and not everyone can afford that kind of money as a matter of fact. So here it is, all about the race horse auctions and that the breed of thoroughbred is the best one among all that have been seen by the people of this world up till now, we are not sure about the future but it is what it is. Check this link http://ken-kingthoroughbreds.com.au/ to find out more details.

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