HORSE RACING
Top-quality yearlings can boost prices at Cape sale
A year ago — after the Markus Jooste saga hit the headlines — one report hit the nail on the head for racing and bloodstock sales. "The whole industry is quaking in their boots; the actions of one man could affect everyone." This viewpoint was particularly relevant to vendors with yearlings entered on the Cape Premier Yearling Sale in mid-January. They will have raised their glasses at New Year with considerable trepidation. Fin24 reported Jooste’s "outsized role" in the industry was likely to cause a sharp decline in horse sale prices. It did concede he had been "a massive contributor for many years". The champagne corks had been popping after the 2017 Cape Premier Sale, with an average of R699,212 — up nearly 17% on 2016. Some expressed the opinion that the prices had been inflated to make CTS the biggest sale company in the country. This, in turn, would attract more overseas buyers. The outcome of the 2018 sale — at the time as hard to predict as today’s oil price — sent a wave o...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.