The 2018 CTS Cape Premier Yearling Sale yielded an overall aggregate of R110,95-million after the completion of Day Two at CTICC in Cape Town. The average price was R506,621 and the median came to R300,000.
According to Avontuur GM Pippa Mickleburgh, the Sale was solid and it was great to see the international support for our horses, for which we are very grateful. Purchases of our fillies by other breeders were a huge boost and we can only thank everyone who showed their trust in our quality. “Let’s hope this is the beginning of a good 2018, and we believe it will improve as the year goes on,” she said.
While the turnover was markedly down on previous Premier Sales, the diversity of the buyers’ bench was impressive, featuring a host of newcomers. Owners and bloodstock consultants from the US, UK, Hong Kong, Ireland, Argentina, Australia and elsewhere came to support the sale and this was undoubtedly the most encouraging aspect to take forward.
There were critics who expected the sale to collapse, but there was an excellent general turnout over the weekend. “Our sale stood up very well despite the negatives and we can say with pride that we can look to the future positively. The Hong Kong Jockey Club, for example, bought from us for the first time, they were the third biggest buyer spending over R6-million.”
Team Valor’s Barry Irwin made a welcome return too, buying seven lots for R3,2-million, while Angus Gold of Shadwell invested R3,4-million buying three lots.
The Avontuur team is now starting to prepare for the National Yearling Sale in Gauteng in April and with a spectacular crop waiting to be presented to the buyers, we believe it will just continue to improve!
Editorial courtesy of Turf Talk