First Jeju Horse Auction of the Year Sees Top Price of 70 Million Won

The first Jeju horse auction of the year was held at the Korea Racing Authority's Jeju Ranch and the Korea Horse Breeders Association auction site. The Korea Racing Authority's Jeju Branch announced that a total of 46 horses were listed in this year's first Jeju horse auction, with 12 horses sold, recording a bidding rate of 26.1%. The average selling price was 22.42 million won per horse, with lot number 36 selling for the highest price of 70 million won. Lot number 36 was a two-year-old horse produced by Kkumdream Ranch, the offspring of 'Jinhung Baram' (sire) and 'Halla Queen' (dam). A representative from the Korea Racing Authority's Jeju Branch said, "We recorded a high selling price for the first time since the Jeju ...