No smoke and mirrors at horse sale
Rathmor Stud were the surprise top buyers outlaying R6.7m on 13 lots as average price is down from the 2018 Cape Premier Yearling Sale
With 18 yearlings fetching R1m or more, it is understandable Cape Thoroughbred Sales (CTS) CEO Wehann Smith’s view that last week’s trade at their Cape Premier Yearling Sale was “a real sale with no smoke and mirrors” is the right assessment. Smith told Turftalk: “We had plenty of buyers from all over the country and overseas.” These included Anthony Shroud, Amanda Skiffington, Mick Flanagan and Peter and Ross Doyle, but the anticipated Hong Kong involvement failed to materialise and Coolmore’s John Magnier also appeared to give the sale a miss. With 192 of the 217 yearlings that went through the ring sold for R84,2m, the average for this eighth year of this particular sale was R43,6450. “If there was to be a negative, it is that our average price was down from last year’s R699,000 to R436,000,” said Smith. He is actually doing himself a disservice because the 2018 average at this sale was R504,411 so the decline was not that marked. The 2017 average was R699,000. Anthony Shroud had...
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