CTS Sales Wrap

CTS Sales Wrap

November 26, 2018 / 20 days ago

CTS Sales Wrap cover image

The 2018 CTS Ready To Run Sale held at Durbanville on Friday turned over R20,32-million from only 109 lots sold. The average was R205 253 per two-year-old that passed through the ring.

The top price of R1,1-million was paid by Brett Crawford for Lot  9 (photo) an unnamed colt  by Camelot Consigned by Soetendal Estate (on behalf of Klawervlei stud). He is the first foal of Irish mare Saldanha Bay.

Near the end of the sale, lots 107 and 112 provided some spirited bidding and fetched R900,000 apiece. Both were purchased by Gary Woods’ El Bloodstock, who secured eight in total for just over R3 million.

EIB was the second-highest buyer at the sale following Chris van Niekerk’s Rainbow Beach Trading, who bought 16 lots for R3,9-million.

Soetendal topped the vendor’s list with 35 lots sold for a total of R9-million, while Querari emerged as the leading stallion at the auction.

Wéhann Smith, CEO of CTS, said that he was satisfied with the results, overall. He commented: “The figures are down on last year, when he had a bigger catalogue and, importantly, the landscape was completely different.

“Many things have changed since last November and I am proud of the CTS team for having achieved this kind of turnover after a restructure and the testing year we’ve had to endure.

“We enjoyed a broad buyer’s bench, which was encouraging. Nobody dominated the sale, and we had a strong new international buyer in EIB. Our thanks to them, the top buyer Rainbow Beach Trading and every other buyer and vendor that contributed to what was a good week for us, well attended by a colourful and positive group of people.

“We will focus fully, next, on the 2019 Cape Premier Yearling Sale, just two months away. The catalogue will be online later this week, a list of high-quality yearlings we look forward to offering buyers on 23 January.”