CPYS Day One Review

CPYS Day One Review

January 21, 2016 / 3 years ago

“Everybody here is chasing a dream, and trying to catch lightning in a tea cup.” opined pedigree guru, Charles Faull. Undaunted by such a challenge, and motivated by million dollar incentive races conceived by CTS, buyers splurged at the 2016 Cape Premier Yearling Sale held at the Cape Town International Convention Centre on Thursday evening.

When the numbers were collated after 111 sales, an aggregate sum of R71 530 000 had been attained at an average of R656 239 with a median price of R425 000. These are exceptionally robust figures, even taking rand weakness into account, and included new South African records for both fillies and colts sold at auction in this country.

Lot 37, Silver Coin, a most handsome colt by former champion Silvano out of National Banker, was the subject of a spirited bidding duel between Mayfair Speculators and Lady Christine Laidlaw. They chased the figure past the previous highest mark of R5,2 million (for a Dynasty colt) sold at auction in South Africa, which was realised at last year’s CPYS sale. Mayfair Speculators eventually prevailed as the half brother to Grade 1 performer Halve the Deficit was knocked down for a whopping R6 million.

More sensational action unfolded later on when Lot 81, Best Kept Secret entered the ring. The Captain Al filly by top class Secret of Victoria is from an exceptional female line featuring Equus champion All Is Secret, so was always going to attract serious attention. Few anticipated the drama that took place, however. Consigned by Klawervlei Stud, as agent on behalf of passionate racing man Garth Miller, an ebullient local pharmacist, she was eventually knocked down to Tina Rau Bloodstock/MV Mangier for R5,25 million – the highest sum paid for a filly at a SA auction.

Nine yearlings fetched over a million on the night. Buyers responded enthusiastically to the premium quality catalogue and when the big players honed in on the same prospect, bidding accelerated sharply. In early trading, Mary Liley went to R1,1 million to secure Lotsa Silver, a Silvano colt whilst Alesh Naidoo signed at a similar amount for Seraphic, an Oratorio filly consigned by Avontuur Stud. The same breeders also sold Var filly Rumbavar shortly afterwards to Singapore based bloodstock company, the China Horse Club for R1,9 million.

Wonderous Climber, the half brother to boom three year old filly Fillies Guineas winner, Silver Mountain was bought by Rainbow Beach Trading for R1 million, who also went up to R2 million to snaffle Lot 44 an unnamed Silvano colt inbred to legendary Nijinsky.

Amongst other big ticket deals, Wayne Kieswetter’s Ridgemont Stud got stuck in when buying Ariana Grande (by Silvano) for R2,25 million, and renowned trainer Charles Laird secured Lot 59, an imported Bernardini filly for R2,4 million. In one of the final sales of the night, astute bloodstock agent Jehan Malherbe signed at R2,7 million for Hear Him Roar. The colt will be trained by Dean Kannemeyer, who was responsible for sire Dynasty’s stellar racing career. “I trained the dam who was a speed filly and really tough. This is a quality colt,” he commented.

The big name vendors marked their familiar territory at the top of the breeders’ log. Klawervlei Stud achieved an impressive R19,4 million aggregate from 19 lots at a very healthy average of just over R1 million, with Drakenstein Stud totalling R11,5 million from just six yearling, which translates to a sterling average close to R2 million. They were followed by Highlands Stud, Maine Chance Farms and Avontuur Thoroughbred Farm who averaged R950 000 for the four youngsters they sold.

Progeny of Silvano and Dynasty were again highly sought- after. The German ace sold 13 yearlings at an average of R1,4 million, with the latter’s average also exceeding a million rand. Other sires to fare well were Captain Al, Var, Trippi and Twice Over. Champion speedster, What A Winter who is new to the breeding sheds, and internationally proven Grade 1 producer, Oratorio also had committed supporters. The follow up performances of their progeny in this country will be watched with interest, whilst the sole representative of confirmed great sire Western Winter fetched R1 million.

Trainer Joey Soma gave his view, saying, “This was a very strong sale, but I’m happy with the one horse I got, and have my eye on a few more tomorrow.”  Fellow conditioner Garth Puller commented, “Obviously if the powerful buyers are all going for the same horses then big prices will be reached, but I still look at all horses, even those that may be out of range, as there are lucky surprises to be found in the lower-middle market.”

Gavin van Zyl was also well-pleased after buying six yearlings for around R1,3 at an eminently reasonable average of R225 000, “ We did very well – this was a great sale for us,” he exclaimed after buying yearlings by Querari, Var and Oratorio, together with a couple by Pathfork, a stallion he rates as a good prospect.

The action continues on Friday night as lots 129 – 256 come under the hammer. The strong trend at the top end of the market is expected to continue, which is pleasing to breeders of quality stock. On the other hand, “bargain hunters” are looking on keenly and hoping that some rare thoroughbred gems might sneak through undetected by the high rollers.