Why are Thoroughbred horses so expensive?

Racehorse prices are relative to the overall economy when times are good, horse prices rise. The money you spend to buy your horse is just the beginning, you have monthly training fees, vet bills, and transportation costs looming.

Are Thoroughbreds a good first horse?

Largely bred for racing, a thoroughbred might turn out to be more horse than most beginners can handle. For the most part, pass on a retired racehorse that is trained to bolt at the crack of a starter pistol. However, non-racing thoroughbreds can be quiet and steady and make great first horses.

How much is the most expensive thoroughbred?

The most expensive horse of all time, a Thoroughbred – Fusaichi Pegasus, sold at a whopping $70 million. Another famous one, the retired British champion – Frankel, was once valued at over $100 million.

How expensive is a thoroughbred?

Championship quality thoroughbreds cost between $100,000 and $300,000 to purchase and about $45,000 a year in expenses. Of course, buying a thoroughbred is competitive and purchase prices can easily exceed $300,000.

Are thoroughbreds expensive?

Thoroughbred Horse Some of the most expensive horses sold are Thoroughbreds. The most expensive horse of all time, a Thoroughbred – Fusaichi Pegasus, sold at a whopping $70 million. Another famous one, the retired British champion – Frankel, was once valued at over $100 million.

How much is a thoroughbred horse?

How much does a thoroughbred foal cost?

“Foals are cute and majestic, but foals will cost you $15,000-20,000 before you even know if they’re an athlete,” Espy says. “If you know the foal will be worth more than $15,000, then great.

How much do ponies cost?

The Cost of Ponies The cost of a good pony can be the same or higher than a horse. Expect prices for suitable first ponies to be about $1,000 and upwards.

How much is a thoroughbred horse cost?

Another Bob Baffert Kentucky Derby winner, Silver Charm, was purchased for $75,000 at auction, the same price as 2013 Kentucky Derby winner, Funny Cide. Funny Cide, the “plucky NY Bred gelding” was owned by Sackatoga Stable, a group of high school buddies who each put up $5,000 initially to take a shot at horse racing.