SA’s first online auction of rhino horn concluded on Friday amid outrage from conservationists, but no details of the sale were immediately available. "There is definitely no feedback today," a representative of the auctioneers said, adding that a statement would be issued on Monday. The Private Rhino Owners Association, which supported the auction, said it expected to hear from the auction’s organiser possibly at the weekend. "They have to do an analysis of the various bids and get average prices," the association’s chairman Pelham Jones said. The auctioneers did not set an opening price for bids, but bidders paid R100,000 ($7,626) to register and only registered bidders had access to the bidding process. John Hume, the owner of the world’s largest rhino farm, organised the controversial three-day sell-off, which ended shortly after 12pm GMT. The auction was delayed for two days after a legal challenge and protests from conservation groups that argued the sale would fuel poaching a...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.