Cape opener sees gains in average, clearance rate
THE first day of the Cape Premier Yearling Sale closed last night with a small increase in average but an improved clearance rate.
Thursday saw 145 yearlings offered, with 122 selling at a clearance rate of 81 per cent. Last year's inaugural city centre auction saw 137 yearlings offered and 111 sold, a clearance rate of 74 per cent.
The average increased to R407,582 (£33,230/€39,810) from R401,937 and with 11 more yearlings sold turnover was up to R49,725,000 (£4,051,841/€4,861,323) from R44,615,000.
The organisers' attempts to attract international buyers showed signs of progress with agents Peter Doyle, Tom Goff, Anthony Stroud, Mick Flanagan of Farrington Bloodstock and Tina Rau all active, although Goff and Stroud in particular have established South African clients. Sheikh Hamdan's Shadwell South Africa operation paid R1 million for a colt by Silvano consigned by Wilgerbosdrift Stud.
Last year's top price of R2.3 million was never under threat, with a R1.7 million £138,693/€166,060) son of Florida import Trippi, consigned by Highlands Stud as agent, heading the sale. One of nine seven-figure yearlings on the first day, he is likely to race for Mike de Kock.