When American Pharoah crossed the finish line at the Kentucky Derby, he earned more than the most coveted title in horse racing, he earned another couple million to his name. As he continues chasing a Triple Crown victory after his win at Preakness on Saturday, his earning potential can only go up from here.
Even before American Pharoah ran at Churchill Downs—and before he'd run even a single race—he sold for $300,000 at the Fasig-Tipton yearling sale in Saratoga Springs, New York, in August 2013.
Owner Ahmed Zayat of Zayat Stables had put the horse up on the auction block, only to end up purchasing him back after going head-to-head with another bidder. Zayat suffered from seller's remorse for the 1-year-old colt he bred in Kentucky, and decided to bring him back home.
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"The market didn't value him as much at the time, so we bought him back; you could say it was a good save," David Ingordo, the bloodstock agent who bid on behalf of Zayat, told CNBC.
Over the next year and a half, the champion began racing and making a name for himself on the track, winning five of six races.
With those victories, top bloodstock agents in the thoroughbred world estimate that American Pharoah's value was nearly $10 million before he won the biggest race in America. In the most exciting two minutes in sports, a horse's value can jump more than 50 percent.