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The High-End Horse Market Has Finally Recovered From the Financial Crisis

  • Record average price set in premier U.S. thoroughbred auction
  • Market had crashed a decade ago amid global financial crisis
Updated on

The bull market that has spread in the U.S. from stocks to junk bonds to real estate has now made its way into a more obscure corner of the financial world: thoroughbreds.

In the Keeneland auction ring in Lexington, Kentucky, demand was so robust this month for the most blue-blooded of young colts and fillies that the half-million-dollar price mark was tripped again and again.