How Much Do The Kentucky Derby Horses Cost?
- Michael Paul
Saturday, September 5 is the date of the Kentucky Derby. The purchase price of a thoroughbred racing horse can range anywhere from $500,000 to $2.4 million. These are the tycoons who have horses competing in this year’s Kentucky Derby, and they range from Gary Barber, a former executive at MGM, to oilman John C.
Oxley. For further news, please see the homepage of Business Insider. The Kentucky Derby has long been a sports event for the upper class, and this can be seen in everything from the pink polo shirts to the floppy hats to the mint juleps. And no wonder. The purchase price of a thoroughbred race horse can reach up to $2.4 million.
They may also bring in significant profits; for example, Justify, the winner of the Triple Crown in 2018, was purchased as a yearling for $500,000 and is now worth $75 million. Bob Elliston, vice president of racing and sales at Keeneland Racing in Lexington, Kentucky, the world’s horse capital, previously told Business Insider that owning Thoroughbred horses is “the closest thing can be involved with in owning a sports franchise as there is.” “There’s so much excitement in owning Thoroughbred horses a€” it’s the closest thing can be involved with in owning a sports franchise as there is, Elliston said.
Who on earth can pay such exorbitant prices? Using the racing database Equibase, Business Insider conducted an investigation into the horse owners. On Saturday, September 5, the 146th running of the Kentucky Derby will take place, and the following horse tycoons will be competing for the gold cup at Churchill Downs.
The total prize pool of $3 million will be split among the five winners, with the winner of first place receiving $1.86 million for their efforts. All odds were obtained using Vegas Insider, A previous iteration of this page included Alyson Penn’s contributions as well.
What is the least expensive horse?
Our readers help keep us going. There is a possibility that this post will include affiliate links. We receive compensation for certain purchases. Find Out More There is no denying the fact that horses can be rather pricey, with some horses going for more than a million dollars each when they are put up for sale.
How much does a Clydesdale cost?
Can you ride Clydesdales? – Yes! The vast majority of tack manufacturers now produce saddles, bits, and bridles in sizes appropriate for draft horses. Clydesdales are well-liked in the show ring because to their remarkable flair and the ease with which they can be trained.
- Because of their laid-back demeanor, they make for excellent riding horses on trails.
- The cost of Clydesdales can range widely because to the many different aspects involved.
- Prices are determined by a number of factors, including bloodlines, quality, size, age, color and markings, as well as level of training.
Some Clydesdales may sell for as cheap as one thousand dollars, but the majority of them go for anywhere between two and five thousand dollars. The very best horses might bring costs that are comparable to those of high-end vehicles.
How much does the owner of the horse that wins the Kentucky Derby get?
What was the total amount of money that Rich Strike won at the Kentucky Derby in 2022? As the winner of the Kentucky Derby, Rich Strike was awarded $1,860,000.00 of the total prize pool of $3,000,000.00. Rich Strike had only earned a total of $111,289 in his career prior to winning the first leg of the Triple Crown.
- Not bad for a horse who just qualified for the Derby the day before when Ethereal Road was forced to withdraw, and who was claimed by owner Rick Dawson of RED TR-Racing following a $30,000 maiden-claiming event at Churchill Downs.
- Rich Strike: At the 2022 Kentucky Derby, owner Rick Dawson was successful with his wagers on Eric Reed and Rich Strike.
“On what planet are we now?” Dawson spoke on his performance after the race on Saturday. “I feel like I have been catapulted someplace. I’m not sure. This defies all logic and reason. I went up on stage and spoke to my coach, and I asked him, “Are you sure this isn’t a dream?” Because there is no way that could be true.’ He gave me his word that everything is genuine.
How much does it cost to buy a race horse?
In conclusion, racehorses are investments that need a significant amount of capital. The cost of acquiring one will run you an average of $75,000, despite the fact that some sell for several million dollars and others may be acquired for as little as a few thousand dollars.
Regardless of the amount that you spent originally, you should anticipate spending several thousand dollars extra each month for maintenance and instruction. For the vast majority of people, investing in horseracing does not turn out to be a lucrative venture; nevertheless, if you are really fortunate, that horse may wind up earning you a few million dollars through race victories and much more as a stud.
SEE ALSO: Ideas for Sleek and Swift Horses, Including Over a Hundred Racehorse Names Featured Image obtained from Pixabay.
How much are race horses worth?
|Horse type||Average price|
|Fillies and colts||$5,000 to $6,000|
|Yearling||$40,000 to $65,000|
|Stallions||$400,000 to $990,000|
|Well-trained stallions with a good track record||$75,000 to $10 million|
|Fusaichi Pegasus, the most expensive racehorse ever||$64 million|
|Green Monkey, the most expensive failure||$16 million|
To put it another way, the price of an ordinary racehorse that is one or two years old is much less than $20,000, and it almost never rises higher than that. On the other hand, a champion racehorse might get anything from $75,000 to $10 million at auction, depending on the history of its victories and the pedigree it comes from.