A time for buyers to drive bargains

A time for buyers to drive bargains

April 13, 2018 / 6 months ago

A time for buyers to drive bargains cover image
Lot 47, Silvano colt, top-priced yearling on Day One

“We’re in a true buyers’ market,” said CTS CEO Wéhann Smith after the Select Session of the April Yearling Sale at Durbanville turned over R13,22-million on Thursday – admittedly disappointing for some of the vendors, but with any number of bonuses to smaller investors.

“The going was tough, but one has to look at both sides of the spectrum.  Traditionally this is a sale that produces excellent thoroughbreds and for once the smaller buyers had many opportunities to secure beautifully-bred yearlings at very decent prices.

“We saw the top of the market hold strong, with 12 lots fetching R300,000 or more and four getting above the R500,000 mark with a highest price of R700,00. There were several bargain buys in the middle and lower market between R50,000 and R200,000 and the traditionally smaller buyers were active and smiling. They’ll be cashing in on their investments, in the near future.”

Silvano colt from the Listed-winning Captain Al mare, Sting Operation, sold to trainer Vaughan Marshall by Klawervlei Stud.

Jacques Chowles was happy with his R525,000 paid for a grey Captain Al filly from Pepperdine and Adam Marcus snapped up an Exchange Rate colt for R500,000, both also raised at Klawervlei.

The second session of the sale starts at 11am today and Smith commented: “We had a good time in a wonderful and vibey atmosphere yesterday and the CTS hospitality will continue today. The sale average is likely to drop in Sessions 2 and 3 and once again this will be favouring buyers.”