Ahead of the Cape Thoroughbred Sale (CTS) in the Cape on Thursday and Friday, the company’s CEO, Wehann Smith, says "the increase in overseas buyers is a wonderful sign for our industry". "At our premier sale in January, overseas buyers were responsible for 30% of total turnover. That’s a big number compared with previous years." A total of 343 yearlings — representing 53 sires — will come under the hammer of auctioneers John O’Kelly and Andrew Miller and Smith is confident of a successful sale. "I believe it offers something for everyone. There will be horses sold for big figures and some for R20,000." In 2017, Smith said he believed "the markedly reduced number of sales in 2018 will be a huge positive and enable us to better retain the attention of buyers. The fact we are now having a premier auction in April will certainly provide breeders with the opportunity to sell their later developing yearlings in Cape Town. "We also believe we will be able to attract international buyers t...
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