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The aggregate of R12million recorded at Sunday's GrandWest Yearling Sale in Cape Town was down 9percent on last year's R13,217million, but Bloodstock SA's chief executive Jan Naudé was pleased with the sale - considering the present economic climate
"We've seen the turnovers of bloodstock sales elsewhere in the world decline by up to 50percent recently, which means that we can be proud of what was achieved."
"It is important also to keep in mind that this was a smaller auction, 27,8percent smaller than last year, yet the lots sold were only down by 16,8percent on last year.
"It was encouraging too that breeders were willing to let their yearlings go more readily. Our pass-out rate of 84percent was 4percent up on last year and the average price per foal of R78 341 was 9,2percent up on last year's R71 834."
Victor Silvester, a smashing colt by Silvano from Blue Acres, fetched the highest sale price of R450000, sold to Robert Bloomberg and partners who already own his Cape Derby-placed half-brother, Bluemambo.
"He's a very nice specimen," said Bloomberg, who will be entrusting the colt to trainer Patrick Kruyer, who also stables Bluemambo. Victor Silvester will be returning temporarily to Carole and Martyn Doggrell's Netherfield Stud near Greyton.
The Doggrells, formerly from Zimbabwe, also consigned lot 141, Alfie Moon, a R300000 purchase for owner Chris van Niekerk. This took Netherfield Stud to the top of the list of vendors by average.
"There was good competition among buyers for the better-bred horses," said auctioneer Andrew Miller.
Trainer Dominic Zaki won the tussle for the second-highest lot, Avontuur-bred Eversoeasy, a filly by VAR from the potent, so-called "E" family.
VAR topped the list of sires by aggregate with seven yearlings sold for R1,235million at an average of R176 429 a lot.
Trainer Joey Ramsden's Good Hope Racing, always active at the GrandWest Sale, bought seven lots for R955000 and headed the list of buyers by aggregate.
Dean Kannemeyer, who secured five yearlings at R125000 a purchase, said:
"I bought a few on spec in the R100000 to R200000 bracket because this was a sale of decent quality and I considered them bargain buys."
Markus Jooste's Klawervlei Stud was the top vendor by aggregate, selling 13 lots for R1,58million at an average of R121 000 a consigned foal.
BSA sales manager Caroline Simpson concluded: "I am ecstatic not only for the results achieved but for the good spirit among vendor and buyers. We now look forward to the Emperors National Yearling Sale."