Wow, this is beautiful, I love the steampunk/victorian style you use, you have a very unique style in the way you draw your ponies, and I truly admire it. Your ink on paper drawings are so wonderfully done, the way you are able to make a still image flow and seem alive is very impressive, the expressions and body motions in this and all your other pictures are spot on!
I absolutely love the use of lines for shading here. Gives it a certain... I dunno, old-timey feeling. Something like steampunk, even with no steampunk elements present. Some nice emotion here, too. Not defined, but decidedly strong. And also, them hoof-sleeves and that large collar with the tie are sweet. Well done!