Last September, wealthy horse buyers, breeders and trainers from around the world descended on Lexington, Ky., to spend more than $377 million at the most important annual sale in the global thoroughbred industry. The 13-day Keeneland September Yearling Sale yielded a record average price of $129,331 for the 1-to-2-year-old horses on auction, with a few bids topping $2 million. Representatives for celebrity chef Bobby Flay and a group tied to billionaire investor George Soros’s Soros Fund Management LLC were on hand, as was...

Source: Wall Street Journal March 22, 2019 12:01 UTC