It is no surprise that horses are among the most expensive animals to buy. From the show rings of prestigious events to the race tracks of the world’s most iconic races, horses are highly sought after for their beauty, athleticism, and potential to bring fame and fortune to their owners. But even among the most expensive horses in the world, there is one that stands out as the record holder for the most expensive horse ever sold.
The horse in question is a stallion named Fusaichi Pegasus, who was purchased by an American businessman in 2000 for an eye-watering $70 million. He was a Japanese-bred racehorse who went on to win the Kentucky Derby and become one of the most successful American Thoroughbreds of all time.
This article will explore the story of Fusaichi Pegasus and examine why he was so expensive. It will also look at some of the other contenders for the title of most expensive horse ever sold, as well as exploring the wider market for horse sales.
II. Fusaichi Pegasus
Fusaichi Pegasus was born in 1997. He was a bay colt with white markings, sired by the Japanese stallion Sunday Silence out of the mare Angel Fever. He was bred in Japan and trained by Neil Drysdale, who also trained Sunday Silence.
At the time of his purchase, Fusaichi Pegasus had already shown promise on the race track. He had won two of his three starts in Japan, and had been bought by American businessman Fusao Sekiguchi for $4 million. Sekiguchi then decided to send the horse to the United States to compete in the prestigious Kentucky Derby.
III. The Kentucky Derby
The Kentucky Derby is a Grade I stakes race for three-year-old Thoroughbreds, held annually in Louisville, Kentucky. The race is part of the Triple Crown series, which also includes the Preakness Stakes and the Belmont Stakes.
Fusaichi Pegasus ran in the 2000 Kentucky Derby, where he was ridden by jockey Kent Desormeaux. He won the race by a length and a half, becoming the first Japanese-bred horse to win the Kentucky Derby. His victory made him an instant celebrity and increased his value dramatically.
IV. The Sale
After Fusaichi Pegasus’ Kentucky Derby victory, Sekiguchi put him up for sale. The bidding was fierce, and at the end of the auction, he was purchased by American businessman Mike Pegram for a record $70 million.
Pegram planned to race the horse in the United States, but unfortunately his career was cut short after he suffered a tendon injury in his third start. He was retired to stud and stood at stud for several years before being sold again in 2007 for an undisclosed price.
V. Other Contenders for Most Expensive Horse Ever Sold
Fusaichi Pegasus is widely considered to be the most expensive horse ever sold, but there are other contenders for the title. In 2006, an unnamed Saudi Arabian buyer purchased a horse for $100 million. The horse in question was an unnamed three-year-old stallion, and the unnamed buyer reportedly paid the price in order to prevent the horse from entering a race in Saudi Arabia.
Other contenders for the title of most expensive horse ever sold include a horse named The Green Monkey, who was sold for $16 million in 2006, and a mare named Shareefa, who was sold for $9.7 million in 2008.
VI. The Cost of Horses
The prices paid for horses vary greatly, depending on the horse’s age, sex, pedigree, and performance record. High-end horses can cost millions of dollars, while more average horses can be purchased for a few thousand dollars.
The most expensive horses tend to be those who have won prestigious races and have the potential to win more. Horses with a good pedigree are also highly sought after, as are those who have a proven track record of producing successful offspring.
VII. The Market for Horse Sales
The market for horse sales is extremely competitive, and there are various ways for buyers and sellers to conduct business. Auction houses are one of the most popular ways to buy and sell horses, with prestigious sales such as the Keeneland September Yearling Sale and the Tattersalls December Foal Sale attracting buyers from all over the world.
Other popular methods of buying and selling horses include private sales, whereby buyers and sellers negotiate a price directly, and online auctions, which allow buyers and sellers to bid on horses from all over the world.
VIII. The Benefits of Owning a Horse
Owning a horse is an incredibly rewarding experience, and there are many benefits to be gained from it. Horses require a lot of care and attention, so owning one can be a great way to learn responsibility and develop a bond with an animal.
Horses also provide great exercise, with riding being one of the best forms of physical activity. They can also be used in a variety of equestrian sports, ranging from show jumping and dressage to polo and eventing.
IX. The Risks of Owning a Horse
It is important to remember that owning a horse is not without its risks. Horses require a significant amount of money to keep, with costs such as feed, bedding, and vet bills all adding up.
Horses can also be unpredictable, and owners must take the necessary precautions to ensure their safety and the safety of those around them. Injuries can occur even when the horse is being handled correctly, so horse owners must be prepared for the possibility of costly vet bills.
Fusaichi Pegasus is widely considered to be the most expensive horse ever sold, with an American businessman paying an eye-watering $70 million for the Japanese-bred racehorse. He went on to win the Kentucky Derby and become one of the most successful American Thoroughbreds of all time.
The market for horse sales is highly competitive, and there are various ways for buyers and sellers to conduct business. The cost of horses can vary greatly, with high-end horses costing millions of dollars and more average horses being purchased for a few thousand dollars.
Owning a horse can be a rewarding experience, but it is important to remember that it is not without its risks. Horse owners must be prepared for the possibility of costly vet bills, as well as the time and effort that is required to care for a horse.