The world of thoroughbred racing often leaves a big question mark over the fate of horses once their track days are over. A groundbreaking study, however, is painting a brighter picture for these equine athletes' post-retirement.
Led by experts from Illinois State University, University of Tennessee Institute of Agriculture, and University of Arkansas System Division of Agriculture, the study delved into the market for off-the-track thoroughbreds (OTTBs). They analyzed 170 sales from online auctions spanning 2012 to 2020, offering new insights into the factors influencing these horses' value.
The study revealed a mean price of $2,439.12 for OTTBs, with age, sex, and color being significant price determinants. Interestingly, horses around 9 years old fetched higher prices, with chestnut and gray/roan horses commanding over $1,000 more than other colors. Registered horses with the U.S. Equestrian Federation and similar associations were also more favored.
This research not only provides a guideline for potential buyers and sellers but also highlights the diverse potential of these thoroughbreds beyond the racetrack. From show jumping to trail riding, these horses are proving their versatility and adaptability.