Analysis on Auction Price and Racing Records of Thoroughbred Horses in Korea
2004
Won, J.H. (Korea Racing Association, Jeju, Republic of Korea), E-mail: dolpa9@empal.com | Kang, T.S. (Cheju National University, Cheju, Republic of Korea), E-mail: kangts@cheju.ac.kr
There has been many trials and errors and yet many things should be improved in horse auction. Using the distribution pattern of auction price during last four years, the relationship between auction price by different auction methods and race records. The differences in sex and dealing methods (auction and individual dealings) were also analyzed. In korea there is no special place for horse auction. If more race courses are constructed and horse demand is extended, there has to be a horse auction market and auction should be evaluated by reasonable criteria.
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