Chincoteague Pony Auction Raises $40,500 Towards the purchase of the Beebe Ranch

After all the bids were in, the pony auction to benefit the Museum of Chincoteague’s purchase of the Beebe Ranch ended Wednesday with a bid of $40,500.  The  buy back auction was sponsored by the Chincoteague Vol. Fire Company.

The highest bidder in the auction will reportedly now be given the honor of officially naming foal #29 and will receive a Registration Certificate stating that they are a participating donor in the Chincoteague Wild Pony Buy-Back to the Island Program. As a buyback, the foal will remain on Assateague  in the care of the Fire Company.

According to the Chincoteague Museum, the total raised now is very close to the $600,000 needed to close the purchase.  As of now the closing is scheduled  for June 30.