NEW YORK (TheStreet) -- UPDATED: To Include Results Of 2014 Belmont Stakes.
Owning a horse is an expensive undertaking. Whether you are a pleasure rider, an Olympian, or own race horses, purchasing one of these majestic animals might just be one of the most expensive decisions you'll ever make.
Recently, the horse racing world wondered if California Chrome, a horse purchased for less than $10,000, would win The Triple Crown and become the 12th horse in history to do so.
Fans were disappointed on June 7 when California Chrome finished the last leg of the Belmont Stakes tied for fourth, with the victory going to a horse named Tonalist.
Although he will not wear the crown, California Chrome can continue his racing career, and will likely make his owners a fortune in stud fees.
When buying a racehorse or a pleasure horse there are a number of factors to consider, including board fees, vet bills, training costs, lessons, and more, but the rewards of owning your own horse far outweigh the costs.
Pleasure riders will tell you that they enjoy nothing more than heading out onto the trails with their special buddy.
Professional riders will tell you there is nothing more exciting than climbing on the back of a horse and taking off at full speed in an attempt to win an Olympic medal or a stakes race.
While all horses are expensive, some of the most expensive are race horses. These creatures are bred to meet strict specifications and also carry great bloodlines, all adding to their value.
The following is- based on data from 2013- a list of the most expensive race horses ever sold...
10. Mr. Sekiguchi
Sold in 2004 for $8 million to Fusao Sekuguchi, a Japanese businessman and chairman of the Board at Venture Safe Net Inc.
This thoroughbred was sired by Storm Cat and its dam was Welcome Surprise
9. Imperial Falcon
Sold in 1984 for $8.25 million, this horse comes from a famous bloodline sired by Northern Dancer, one of history's most influential sires, and its dam was Ballade.
In 1984 Imperial Falcon was sold to British businessman Robert Sangster who went on to establish the Coolmore Stud in Ireland, one of the "major powers" in the world of horse bloodlines, therichest.com reports.Must Read: The 10 Drunkest States in America ...and... The 10 Dumbest States in America
Sold in 2006 for $9.2 million to Godolphin Racing, which is owned by Sheikh Mohammed bin Rashid al Maktoum, the Emir of Dubai and prime minister of the United Arab Emirates.Must Read: The 10 Drunkest States in America ...and... The 10 Dumbest States in America
Sold in 2005 for $9.7 million to Godolphin Racing, Jalil made his racing debut in 2006 and finished in sixth place.
Later he would make a comeback winning the 2008 Maktoum Challenge Stakes.
The thoroughbred retired that same year having won a total of $327,324.Must Read: The 10 Drunkest States in America ...and... The 10 Dumbest States in America
6. Snaafi Dancer
Sold in 1983 for $10.2 million. At the time of his sale this horse was the most expensive ever sold at auction.
He was sold as a one-year-old to Aston Upthorpe Stud, which was owned by the Emir of Dubai at the time.Must Read: The 10 Drunkest States in America ...and... The 10 Dumbest States in America
5. Meydan City
This horse was sold in 2006 for $11.7 million to the Emir of Dubai. The thoroughbred was sired by Kingmambo and his dam was Crown of Crimson.Must Read: The 10 Drunkest States in America ...and... The 10 Dumbest States in America
4. Seattle Dancer
Sold in 1985 for $13.1 million, he was sired by Nijinsky, the 1971 British Triple Crown winner. Interested parties in the horse included the Emir of Dubai and noted horse breeder Allen Paulson. Their interest caused the thoroughbred's price to increase.
Seattle Dancer had a modest racing career and would sire 37 stakes race winners.Must Read: The 10 Drunkest States in America ...and... The 10 Dumbest States in America
3. The Green Monkey
Sold in 2006 for $16 million as a two-year-old, this thoroughbred was sired by Forestry and his dam was Magical Masquerade.
At the time of his sale, The Green Monkey was the most expensive horse ever sold at auction.
However, his racing career was a flop after having competed in only three races with only one third place finish.Must Read: The 10 Drunkest States in America ...and... The 10 Dumbest States in America
2. Shareef Dancer
Sold in 1983 for $40 million, this stallion was sired by Northern Dancer and owned by the Emir of Dubai.
He competed in five races, winning three of them and coming in second in a fourth.
He won a total of $250,000 before being sold for $40 million and going on to have a successful siring career.Must Read: The 10 Drunkest States in America ...and... The 10 Dumbest States in America