Which is the costliest Racing horse in the world now? Who owns it?

Answer 1

As Havoc indicated, The Green Monkey, sold at last year's Fasig-Tipton Calder sale for $16 million, is the most expensive two-year-old in training to go through the sales ring. (The name comes from a golf course in Barbados: http://www.sandylane.com/golf/green_monkey_golf.html. The Coolmore partners who bought the colt were involved in the development of the course.)

It's hard to say for sure if The Green Monkey is the costliest racehorse ever, because not all deals on racehorses are transacted at public auction and not all deals are straightforward in the way they are structured. As an example, when Smarty Jones became a "hot horse" after he won the Kentucky Derby, he was sold by his owners to a syndicate of breeders for a reported $48 million, with the avowed intention of racing him at least through the end of his 3-year-old season and possibly at 4. However, not long after the deal was struck, the horse suffered a minor leg injury, of which the vets who treated him said "horses come back from this [kind of injury] and race again all the time." But Smarty never raced again, because the manager of the syndicate said that the risk to the horse was too great.

Once a horse is syndicated for stallion duty, even if the deal calls for the horse to continue racing for some period of time, there are huge pressures on the owners not to race him. The insurance premium on a racehorse for mortality insurance is typically in the 20-25% of value range; which means that the yearly mortality premium on The Green Monkey, if Coolmore chooses to insure him, will be on the order of $4 million/year. Even if a horse has a very successful year, the chances are that he is not going to make money for the owners from the purses he earns because of the cost of the insurance.

Even more important, any defeats the horse suffers can impact his value. If you are a member of a group that has just bought a horse for tens of millions of dollars, you don't want to have the deal look foolish by seeing the horse get beaten.

These factors are what effectively limit the amount of money a racing horse can be sold for. Once you get to a certain price, there is no up-side, financially, to racing him. The risks are too high and the possible rewards too limited. The real value is as a breeding animal, where stud fees of the most successful or most popular stallions run from $100,000 on up to the $500,000 that Storm Cat commands.

This is why the most valuable Thoroughbreds on earth aren't running on racetracks anywhere. They are living on farms, mostly in central Kentucky, breeding from 100-200 mares per year and siring the runners of the future. Giant's Causeway, probably the most valuable young stallion in Kentucky today, stands for a fee of $300,000 and is bred to more than 150 mares per year by Coolmore. That's a revenue stream on the order of $45,000,000 per year generated by this horse. It's arguable that there is no more valuable animal on earth than a successful, popular, highly fertile young Thoroughbred stallion.

Answer 2

The horse who cost the most is The Green Monkey $16 mil. The race horse worth the most is Discreet Cat interestingly by the same sire Forestry (who I think is extremly over rated for a horse who throws them pretty damn unsound). Discreet Cat I would say has the most value of any horse out there right now, although Sheik Mo would never sell him, but he's probably in the $25-30 mil range, and that could skyrocket if he wins the Dubai World Cup on the 31st.

Karin: you should look into a better insurance broker if you're paying 20-25% for Race horse insurance. The most I pay for a gelding is 6.5% colts are from 5-5.5%and 5% for any filly or mare, and that's Lloyds of London through a broker.

Answer 3

artwork out your guy or woman structures. the user-friendly rule is: small stakes and the opportunity of massive returns. One threat is that this straight forward device (designed for uk racing): a million) seem for a horse it is interior the outstanding 3 of the respectable rankings (OR) for each horse interior the race (notice: some races have horses without an OR score, each and every so often simply by fact they have not raced sufficient yet to get an OR, wherein case steer away from the race). 2) It could be experienced by using a outstanding coach, or it could have a outstanding jockey on board. 3) could be a minimum of 15/a million (examine value on Oddschecker) 4) If greater advantageous than one qualifier in race, back 'em all. Now 'paper commerce' the device, and notice the way it does over some days.

Answer 4

A $16M colt sold at auction in 2006.

Sire: Forestry
Dam:Magical Masquerade (Unbridled)

Bought by Coolmore Stud.

His name is The Green Monkey (what kind of name is that?)

Being trained by Todd Pletcher.

This is his 3yr old year. He had an injury last summer. He has no recent works on file on DRF.

Answer 5

The Green Monkey.

On consignment.

Answer 6

its owned by the poonawalas.forget his name,smart horse.