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How much does a racehorse cost?

Trick question, as the answer is both “a lot” and “not very much.”

There are many ways to acquire a racehorse: You can buy one at a public auction, through a private arrangement with its owner, or even by breeding your own runner. You can also buy fractional shares in a horse through numerous racing partnerships that have blossomed in recent years, sometimes by investing as little as $/£100.

One thing to keep in mind if you decide to try ownership: Spending more does not guarantee success.

The best-known example of this is The Green Monkey, who sold for a world record $/£16 million in a 2-year-olds in training sale. Unfortunately for his owners, the Coolmore Stud connections of Michael Tabor, Susan Magnier and Derrick Smith, the colt only raced three times and managed a single third-place finish before being retired with earnings of $/£10,440.