solid gold tiara that had the GS logo carved into its peak to set off her hair and compliment the gold in her harness. The harness served her up nicely, forcing her breasts into prominence, splaying her nether lips to show off her bejeweled clitty and holding her cheeks well apart in the back to accent her thick ponytail. Mandy had inadvertently added enhancing accents of her own by getting into trouble yesterday – somehow she couldn’t seem to do anything right when they were rehearsing, and her bottom told the story in livid red welts and bruises that everyone could see had been laid very recently across her bottom. To her, it was a mess and terribly painful.

To the ponygirl community, it showed that she was well disciplined, especially considering how nicely she performed, and her stance went up because of the atrocious condition of her generous cheeks.

Obedience trials required that a ponygirl be absolutely obedient to her handler as she was put through her paces – all while maintaining proper ponygirl posture of head up, eyes forward, breasts out. She was required to stop and start again and again, walked and trotted around the ring with everyone staring at her bouncing, jingling boobies. Mandy’s bounced even more so than the others because Aaron and Ted had decided to further accent them by placing stretchy purple bindings at the base that flared out around them like a silk flower, just for show time. They were released every time she came out of the ring, because the competitions could get long.

She surprised the both of them, pleasantly, in obedience, and didn’t make one error. She took second place, and the men were beside themselves. The sulky competition went even better, despite her dislike of the bearing rein which was always used in show – she took first, with her beautiful mane flowing and billowing behind her, and amethysts dripping all over her body as she tinkled her way around the ring from the chimes they’d attached to her harness. Aaron was never so proud of a beast he owned in his life as when he and Ted went up with Mandy to accept the cup.

Mandy also took the top prize in conformation. Aaron put her into the sulky rig, with that blasted bearing rein holding her head back abnormally and making her jut her breasts out lewdly in front of her, driving her about the ring at a walk and a trot, then lead her to stand next to Ted and himself to await the next part of the judging. She knew that Aaron and Ted were holding their breath as the judge ran his hands over her scalp, felt her high cheekbones, opened her mouth and checked her teeth, looked at the alignment of her collarbones as well as the symmetry of her breasts, then squeezed them very hard and hefted them, as if he was trying to pick a grapefruit at a summer market. He felt her pussy from the front and all the way down her legs, noting the purple polish on her toenails, then put her into “bend and display” so that he could feel her up between the legs as she was so gloriously displayed. He also noted that the indications of discipline were extremely recent and must’ve been very painful, but they hadn’t kept her from doing a beautiful job of it. He tugged her tail to make sure it was well seated – and it should have been – it was a size up from where they had started her – then he held it to the side and cupped her with his hand, pressing a finger onto her clitty and rubbing it gently, then checking between her legs. He was amazed to find that she had creamed on him. If the judge – who was extremely distinguished in his profession – hadn’t heard some rumors about this little filly in particular, he’d’ve been suspicions. As it was, he called for a slide, which made somewhat of a sensation so early in the inspection. Of course it was proven to be true female lubrication, and Mandy was declared the winner, earning her championship title in only one show. Aaron couldn’t stop smiling or congratulating himself or Ted, and petting his wonderful pony. Mandy couldn’t smile through her bit, but she danced around in her pony hooves and her eyes sparkled that she had pleased them so.

Aaron stood directly in front of her and said, “Open your mouth and close your eyes.”

Remembering what this had meant to Merry, Mandy complied eagerly, and was rewarded in the same fashion – a chocolate kiss was placed on her tongue. She savored it as it swirled around in her mouth even over the bit.

“You have four more you’ve earned because of your fantastic performance today. Would you like to eat them now or save some for later?” Mandy shook her head and closed her mouth, which Aaron took for saving some for later. As he tucked them into the equipment bag he’d brought for her things, a short, stout man tapped him on the shoulder.

“Excuse me, Mr. Johnson, but I would like to discuss something with you if I could.”

Aaron turned to the man as he and Ted stood in front of him. The man looked askance at Ted as if dismissing him from the conversation. “I understand you are the owner of this fine establishment. Some say it is the premier stables for ponygirls in the world.”

Aaron shrugged. “At the risk of sounding immodest, I’d have to agree.”

The older man offered his hand. “I am Pierre LeJoux, and I would be interested in purchasing the pony you have behind you there – the one you call Mandy.”

“I’m afraid Mandy isn’t up for sale, Mr. LeJoux.”

“I will give you five hundred thousand dollars for her, Mr. Johnson,” the man replied as if Aaron hadn’t spoken. “She’s the finest piece of horseflesh I’ve seen in a long time.”

Mandy’s heart sank. She’d never considered that she could be sold! Torn from here – a place where she’d finally adjusted to the new life that had been thrust upon her. She didn’t want to leave! But surely Aaron would accept a price such as that!

But he was shaking his head. “I’m sorry, Mr. LeJoux. I meant what I said. Mandy is not for sale.”

“One million.”

Mandy saw Ted’s eyebrows go up, but Aaron was still shaking his head.

The little man’s bidding war with himself had begun to attract attention. People were crowding around Aaron and Pierre, genteely evesdropping.

“No.”

“Two million.”

Aaron chuckled a little. “I’m not trying to drive up the price on her. She’s not for sale.”

“Two and a half million.”

“No.”

The man – who Mandy thought prejudicially looked particularly cruel – gritted his teeth.

“Three million and that’s my final offer. I want that filly for Denoument Stables in Paris.”

Aaron’s eyes narrowed, and Ted flanked him immediately. That stables had a particularly unsavory reputation for how it treated its ponies – and they rode their female ponies, which Aaron never agreed with. He considered that ponygirls were much too delicate, and he knew that riding them – up or on fours – often caused back problems, no matter how light the jockey. He didn’t much even like his studs to be ridden, although he hadn’t outright banned it – yet. Sulkies were all that he would allow his fillies to pull, and with fairly light loads, too. He never allowed them to compete at pulling heavy loads, like some owners did. Aaron didn’t like to put his ponygirls’ bodies under any undue physical stress – he considered pregnancy and labor to be stress enough.

Not that he would ever consider selling Mandy, anyway, but he would never sell any pony to Denoument.

“I’m sorry, Mr. LeJoux,” Aaron said tightly, and Mandy could feel his tenseness as he stood next to her. “That’s my final word on the subject.” He and Ted led Mandy away, wanting to get her comfortable in her stall and down for a rest for the remainder of the afternoon, then back on her schedule from dinner on. She’d certainly earned a very nice rest.

Aaron had all of the congratulatory flowers that he received from the other owners on his victories – other mares of his won in other parts of the competition but none as spectacularly as his Mandy – sent to Mandy’s stall, which he knew she liked because she kept lifting her head and looking at them as he put her down for the night. He teased that if she didn’t settle down and get some sleep he was going to have them taken away, but she began to cry when he said that. Aaron kissed her forehead and caressed a beautiful breast.

“Then you’d best get to sleep like you’re supposed to, hmm, girl?”

From that point on, Mandy was even more Aaron’s favorite, even though he seemed to go out of his way to disprove it. After she won in the ring, he began to breed with her more earnestly, and always took her to the pens now – which she didn’t like – to do it. Mandy hated climaxing in front of the mirrors, where every filly around her was having the same terribly intimate things done to her. What’s worse was that she often came twice now, once with Aaron’s fingers or mouth, and once on the huge pole he still had to press up inside her. She didn’t think she’d ever learn to take him easily, and sometimes his very size made her swell and hold him tight inside her, making his slow and steady advance and retreat drive her right out of her mind. There was little she wanted at those moments than to scream in ecstasy, but that was not allowed. Her explosions were fierce and overwhelming, but oddly quiet as required, somehow as restrained audibly as she was restrained physically. That was another thing she hated about the whole procedure – the position she was kept in – it was so terribly submissive.

Aaron had caught her eyes during one session, and began talking to her as he plunged deeply within her. His

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