Chincoteague Island is famous for many reasons, but the most famous of all is the book Misty of Chincoteague by Marguerite Henry. This book is the touching story about a wild pony and two children who want to purchase this pony at the yearly wild pony auction. On the last week of July each year, since 1927, the Chincoteague Volunteer Firemen (known as the Saltwater Cowboys) herd and swim the ponies across the Assateague Channel to Chincoteague. The “Cowboys” then parade the ponies through the streets of Chincoteague and down to the auction grounds on Main Street. Beautifully written and enjoyed by all age groups, Misty of Chincoteague is the best selling horse book (after Black Beauty) in America. In 1955 Misty of Chincoteague was made into a movie on the island staring David Ladd.