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The tokenization of racehorses, does it really make sense?
Racehorses are an expensive vocational pursuit. But it is also a pretty good business for all those involved, such as the owners, the trainers, the jockeys/riders, the breeders and the various sportive federations.
Successful racehorses not only make a lot of money in prize wins — Winx an Australian thoroughbred was the highest all time earner with over US$ 14.5 million in 43 races — but they are even bigger money-machines after they retire.
The stallion named Storm Cat was paid a US$ 500.000 stud fee to cover on average 120 mares per year. That´s an astronomical US$ 60 million per year only for mating.
But if Storm Cat was the “Ronaldo” of stallions, stud fees of tens of thousands of dollars are fairly normal for good and fairly successful thoroughbreds.
No wonder that when it comes to selling one of those highly valuable assets prices can hit tens of millions of dollars. Fusaichi Pegasus set the record at US$ 64 million in 2000 while…
