It's a little more than $50 but it seems to be of good quality and I like the fact that it has a belly flap, particularly since it's for a pony who has a bad reaction to fly bites. It also doesn't seem to be too hot as it was in the 90s today and the pony didn't sweat underneath it. She is though good about staying in the shed and out of the sun during the day.
My daughter likes the color too though she would have preferred the pink one. Unfortunately it was not available in her pony's size.