The Pony Auction. takes place the day after the Pony Swim, beginning at 8 am at back of Carnival Grounds.
The auction fulfills two objectives.
In order to restore the herd, a repurchase pony is auctioned with the condition that it will be given back to the Fire Company and returned to Assateague Island. The majority of the young horses are sold at the auction to maintain a manageable size for the entire herd. Approximately 60 foals are born on Assateague Island, VA annually. The auction assists in regulating the herd’s overall population, preventing it from becoming excessively large. Some specific foals are assigned as ‘buybacks’.
The Chincoteague Volunteer Fire Company uses a portion of the funds raised during the auction to offer veterinary services for the ponies throughout the year. Additionally, the auction serves as a means of fundraising for the fire company.
The Chincoteague Volunteer Fire Company will provide auction winners with a certificate indicating their purchase of a Chincoteague Pony.