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While breeding is one major influence in the sale price of a horse, athletic ability, intelligence and drive, as well as the overall state of the economy, all play a role. [9] Prices can vary a great deal depending on market conditions. The highest-selling barrel racing horse sold at a public auction in 2009 sold for $68,000. [10]
The RHBAA was founded in April 1971 in Decatur, Alabama, [1] [2] and was recognized as an association by the USDA in May of the same year. [3] It was organized by a group of horsemen who were interested in promoting a gaited horse that could be shown without the large action devices used on other breeds such as the Tennessee Walking Horse.
For example, at the 2007 Fall Yearling sale at Keeneland, 3,799 young horses sold for a total of $385,018,600, for an average of $101,347 per horse. [2] However, that average sales price reflected a variation that included at least 19 horses that sold for only $1,000 each and 34 that sold for over $1,000,000 apiece.
Keeneland Sales is an American Thoroughbred auction house in Lexington, Kentucky founded in 1935 as a nonprofit racing/auction entity on 147 acres (0.59 km 2) of farmland west of Lexington, which had been owned by Jack O. Keene.
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The Alabama Stakes is an American Thoroughbred horse race open to three-year-old fillies. Inaugurated in 1872, the Grade I race is run over a distance of one and one-quarter miles on the dirt track at Saratoga Race Course. Held in mid August, it currently offers a purse of $600,000. [1]
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The Racking Horse is a light riding horse, standing an average of 15.2 hands (62 inches, 157 cm) high and weighing around 1,000 pounds (450 kg). Overall, the Racking Horse is described as "attractive and gracefully built". [2] The neck is long, the shoulders and croup sloping and the build overall well-muscled.
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