Horse auctions are events where horses are sold to the highest bidder. These auctions can take place in person or online, allowing buyers to inspect the horses before making a purchase. Horses are often categorized by breed, age, and training level, which helps potential buyers find the right match for their needs. At a horse auction, sellers present their horses, providing details about their health, training, and performance history. Bidders can ask questions and sometimes even test ride the horses. The auctioneer facilitates the bidding process, and once the highest bid is reached, the horse is sold to that bidder, completing the transaction.