Cape Thoroughbred Sales (CTS) announced today that the popular CTS Farm Sale Race will be staged in three centres in 2023. The stake for each race will be between R225,000 and R250,000.
Grant Knowles, MD of CTS, said that spreading the stake between three centres was a decisionmade on request, and that it will enable buyers from upcountry to participate with theirrunners in their respective home centres. “Three races will give everyone an equal chance of areturn on their investments and more enjoyment from their purchases.”
He added: “Travel restrictions and costs involved are hampering factors for owners with farm sale graduates outside of Cape Town and staging a sales race in three centres is fair to all. Thethree races will be scheduled for June 2023, around the time of the 2023 Sale.”
This year’s CTS Farm Yearling Sale will be held on 19 June at De Grendel Estate and graduates will qualify for the sales races. Entries are open to all stud farms and the closing date is 21 March. There is a non-refundable entry fee of R1,750 plus VAT payable per entry, with an acceptance fee of R2,000 plus VAT due for each lot catalogued – the latter to be deducted from vendor proceeds.
Knowles said: “For every five entries, vendors will receive an additional entry and acceptance at no charge, so, for example, if 12 horses are entered, they will only pay for 10.”
A minimum bid of R15,000 per yearling will be accepted in the sales ring.
For more information, contact:
Grant Knowles, email@example.com or mobile 082 882 9774