When there are horse races being held, people come to the venue and see them. They even bet on which horse is going to win as per the judgement and all the predictions that they make depending on the type of horse it is, like what breed is it and the age of the horse as well for that matter. Now the time comes when the people, or the auction company sets out catalogue of all the horses that they are intending to put up on sale and get it be live. Being live people who want to pursue the catalogue, get it and decide on the basis of the characteristics that the horses have and on the basis of that they categorize them and list their names and numbers down so that they know which ones of all of them they have shortlisted for that matter as well.
This continuously happens for weeks until they are just one week away from the auction. Just one week before the auction, the horses are forced to run of almost one eighth of a mile and a video is made of the running of each of the horses and then set up live for all the people who are interested in having these horses bought for sale to be there and see them so that they know the live health of the horses that they have chosen or maybe we can also say that of all the horses that they have shortlisted to be bought in the end. After that on the day of auction, all the people who are there are taken to the barn and shown their horses live so that they can all point out any of the flaws that they think their horses have and respectively decide if they still want to bet on them for that reality as well then.
After all of this the actual auction begins for real. People present there start their bidding and say money in numbers. It is very intense as mostly the prices that are put up by the people are out of the range of many people out there because the rich people have no issues getting these horses for some million dollars for real. The people get on with it and the person whose bid no one interrupts, gets the horse. Mostly the breed of the horses that is sold at an auction is the thoroughbred horses and that is because this breed is regarded as the best breed of horses among all of those that are present in the world. And they are the ones that are continuously trained and fed for the bug races coming up because they are just the best among all. Check this website to find out more details.