PHOTOS: The 2017 Chincoteague Pony Auction

A man takes a photo in the crowd during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Members of the Chincoteague Pony Drill Team perform in front of an audience during the Chincoteague Pony Auction on Thursday, July 27, 2017.

A member of the Chincoteague Pony Drill Team rides her horse during the National Anthem during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Two men hold the first pony of the auction during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Two men hold a pony as it tries to break free during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Two men hold a pony as it tries to break free during the Chincoteague Pony Auction on Thursday, July 27, 2017.

A pony is tagged just before the Chincoteague Pony Auction on Thursday, July 27, 2017.

Three man attempt to hold a pony in place as it tries to break free during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Two women walk a young pony around the auction grounds during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Two men hold a pony during the Chincoteague Pony Auction on Thursday, July 27, 2017.

A man points to a bidder during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Two men hold a pony in position during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Feather Fund recipient Kensington Nelson, 13, of California, receives a hug after placing the winning bid on a pony during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Kensington Nelson, 13, of California, receives a high five after placing the winning bid on a pony during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Two men hold a pony in place during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Two women hold a pony in place during the Chincoteague Pony Auction on Thursday, July 27, 2017.

A man points to a bidder during the Chincoteague Pony Auction on Thursday, July 27, 2017.

A woman takes a photo during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Feather Fund recipient, Alyssa Jastram, 11, of Maryland, holds her feather in the air to place a bid during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Feather Fund recipient Kensington Nelson, 13, of California, poses for a photo after placing a winning bid on a pony during the Chincoteague Pony Auction on Thursday, July 27, 2017.

Three men hold a pony in position during the Chincoteague Pony Auction on Thursday, July 27, 2017.