The auctioneer said, I'm not through yet
Here's a horse the likes of which you've never seen
And the straw hats in the sun, with a face beneath each one
Shown doubtful and the auctioneer got mean

Do you think that you can find a horse like this every day?
I don't think there's any better on this earth
And the more you pay, the more it's worth

Then out she came, a snow white mare
Prancin' and a-dancin' in the silver sun
They watched her from behind as she did her bump and grind
Walkin' naked, sad and graceful for their fun

Oh how I wished I could afford that lady painted white
A queen with high nobility of birth
But the more you pay, the more it's worth

My pockets hung with empty blues
Silent heels were standin' on my growin' pains
My bid was not too bad, two bits was all I had
And the stable boy just handed me the reins

Well, the gallery went wild, and the auctioneer half-smiled
What we don't sell we shoot or give away
'Cause the more you pay, the more it's worth
And where was the boy, who rode on her back
With his arms holding tight 'round her neck
How tightly he clung, when they both were young
And fate had not let this poor girl be so
Disgraced