I've Got The Horse Right Here

Sales of Thoroughbreds are booming, thanks to an injection of new money

Out front at the famous Keeneland auction, valets in pine-green polo shirts are whisking away a steady stream of gleaming Mercedes, Jaguars, and BMWs. Indoors, though, all eyes are on an older form of transportation. A 16-month-old bay colt is snorting and pawing a constantly swept floor in a small center ring. At the sound of the auctioneer's sing-song patter, bids begin. Less than 90 seconds later, the colt sells for $57,000 and is rushed off. After all, there are nearly 300 more Thoroughbreds to go.

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