The "buy-back" family receives a plaque and gets the honor of naming the pony. This years winning bid on a "buyback" pony went to Molly Dailey and Virginia Sappington.
This year, for the second time, the Hospice of the Eastern Shore will receive the proceeds from the "buyback" pony purchase. Hospice is a nonprofit organization that serves the needs of patients and family that are faced with life-threatening illnesses.
85th Annual Chincoteague Pony Auction. Members from Hospice of the Eastern Shore pose with the "buyback" pony and the pony's bidders.