A Thoroughbred auction is a public sale where racehorses, specifically Thoroughbreds, are sold to buyers. These auctions typically feature horses that are bred for racing, and they attract trainers, owners, and investors looking to purchase promising equine athletes. The horses are often evaluated based on their pedigree, conformation, and performance history. During the auction, potential buyers can inspect the horses and place bids. The highest bidder wins the horse, and the sale price can vary widely depending on the horse's lineage and potential. These auctions play a crucial role in the horse racing industry, helping to determine the future stars of the track.