How much does a racehorse cost?

The average sale price of a racehorse is $75,000 to $100,000. However, the price can range drastically, with some horses only costing a few thousand to others costing over $300,000. There are several factors that can contribute to this cost including age, pedigree, training, record, and conformation of the horse.

Why do racehorses cost so much?

A horse that is race-ready or has shown promise in training can fetch a higher price. Racing Potential: The perceived potential of a horse to succeed in racing based on its physical attributes, health, and temperament is a significant price determinant. It’s important to note that the actual price of Thoroughbred racehorses varies widely.

How much does it cost to care for a racehorse?

Routine veterinary care is also necessary, costing between $500 to $800. Further, insurance for racehorses can range between $840 to $1,500 per month. Additional costs, which are often essential for maintaining a racehorse, add approximately another $500 monthly.