Snaafi Dancer is an Thoroughbred

Thoroughbred

The Thoroughbred is a horse breed best known for its use in horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed...

 racehorse

Horse racing

Horse racing is an equestrian sport that has a long history. Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt. Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC...

 who was the first yearling

Yearling (horse)

A yearling is a young horse of either sex that is between one and two years old. Yearlings are comparable in development to a very early adolescent, they are not fully mature physically, and while they may be in the earliest stages of sexual maturity, they are considered too young to be breeding...

 to sell for more than $

United States dollar

The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....

10 million. http://www.thoroughbredtimes.com/weekly-feature-articles/2006/March/06/News-of-16-million-colt-travels-fast-to-Germany.aspx Bred by Donald T. Johnson under the name of his Crescent Farm, he was out of the mare My Bupers and sired by Northern Dancer

Northern Dancer

Northern Dancer was a Canadian-bred Thoroughbred racehorse and the most successful sire of the 20th Century. The National Thoroughbred Racing Association calls him "one of the most influential sires in Thoroughbred history"....

 whom the National Thoroughbred Racing Association

National Thoroughbred Racing Association

The National Thoroughbred Racing Association is a broad-based coalition of horse racing interests consisting of leading thoroughbred racetracks, owners, breeders, trainers and affiliated horse racing associations, charged with increasing the popularity of horse racing and improving economic...

 calls "one of the most influential sires in Thoroughbred history." http://www.ntra.com/stats_bios.aspx?id=3407.

Sent to the 1983 Keeneland Select Sale

Keeneland Sales

The Keeneland Sales is an American Thoroughbred auction house in Lexington, Kentucky founded in 1935 as a nonprofit racing/auction entity on 147 acres of farmland west of Lexington, which had been owned by Jack O. Keene...

, forty-five seconds after the $1 million opening bid, a new record price was reached of $4.5 million but did not stop there. In the end, the unnamed yearling sold for an unheard of $10.2 million to Sheikh Mohammed's

Mohammed bin Rashid Al Maktoum

Mohammed bin Rashid Al Maktoum , also Sheikh Mohammed, , is the Prime Minister and Vice President of the United Arab Emirates , and absolute monarch of Dubai.-Personal life and education:...

 Aston Upthorpe Stud. Looking for a Northern Dancer horse that could be a foundation stallion for his breeding operations as had happened with chiel rival Coolmore Stud

Coolmore Stud

Coolmore Stud, in Fethard, South Tipperary in Ireland, is the world's largest breeding operation of thoroughbred racehorses. It was established in 1975....

, Sheikh Mohammed not only paid the highest price ever for a yearling, but the highest price for any Thoroughbred ever sold at auction. http://www.thoroughbredchampions.com/biographies/northernd.htm

Snaafi Dancer never raced and was retired to stud

Stud (animal)

A stud animal is a registered animal retained for breeding. The terms for the male of a given animal species usually imply that the animal is entire—that is, not castrated—and therefore capable of siring offspring...

 duty where he was discovered to have fertility

Fertility

Fertility is the natural capability of producing offsprings. As a measure, "fertility rate" is the number of children born per couple, person or population. Fertility differs from fecundity, which is defined as the potential for reproduction...

 problems. From two years of breeding, he sired only four foals, three of which raced with very limited success. Retired, Snaafi Dancer was last reported as being at a farm in Florida

Florida

Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...

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http://www.guardian.co.uk/sport/2005/oct/02/horseracing.comment http://www.thoroughbredtimes.com/weekly-feature-articles/2006/March/06/News-of-16-million-colt-travels-fast-to-Germany.aspx