If Arabian horse racing were followed by the financial experts on CNBC, the term they would be using to describe the industry today is undervalued. Average purses, handles, races and marketplace exposure are at their all-time highs. The current U.S. market for buying Arabian racehorses is disproportionately low by a wide margin. If ever there was a time to get into Arabian horse racing, it is now.
All indicators show prices are only going to go up.
No one knows this better than the Tex-Tenn partnership. Recently, Cheryl and Kinsman Wright, of Tennessee, partnered with Michelle and Mickey Morgan, of Texas, to buy one of the finest herds of racing Arabians ever sold. The herd came from the renowned Town and Country Farm and consisted of more than 60 head. The herd represented some of the most important American racing bloodlines of today, including Wiking crossed on some of the best French racing bloodlines. Let's start with the figures.