Horse auctions are events where horses are bought and sold. A bidding process, which can occur as physical or online auctions, is involved. Its nature can be private or public, while some horse auctions are aligned with specific purposes, such as charity events or providing the base for racing horse auctions.
Most horse auctions are open to the general public, with local bids starting in the region of $1,000 – $2,000 for horse auctions in the USA. The sky is the limit, with Fusaichi Pegasus setting the bar high at $70,000 million. The stallion with the mythical name recently passed away at the age of 26 after a highly successful racing career and left an extensive progeny of prize winners.
While some may find the concept of horse auctioning frowned upon, it provides a transparent platform for most to buy and sell animals, frequently involving animal welfare principles and terms of responsibility. There are, unfortunately, horse auctions where killer buyers attempt to buy animals for the lowest possible price and sell them for meat.
It’s essential to retain that horse auctions are business platforms. While most involved have a deep passion for the animals and what they represent, there will always be a downside where commercial transactions are involved.