Legend has it the famous original Chincoteague ponies escaped a shipwreck in the 17th century and swam ashore onto Assateague Island where they have lived ever since. Since the 1830s, the ponies have made an annual swim to the Virginia mainland, where they are rounded up for auction. The event has turned into a popular one for tourists to witness, perhaps in part thanks to Marguerite Henry, who authored the Misty of Chincoteague book series. The event usually occurs on the last Wednesday of July, and as of 2010, it regularly draws over 50,000 spectators.
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