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Posted 2018-03-13 17:41:22  
Mayfair Horses on Sale

Twenty-three Mayfair Speculators horses including Silver Coin will be sold at a new Horses In Training Sale organised by Grant Knowles in the Kenilworth parade ring on Thursday week (March 22).

Silver Coin set a South African record when bought for R6 million at the 2016 Cape Premier Yearling Sale and was raced by Mayfair in partnership with Sue Magnier, Diane Nagle and D.M. Graham.

CTS boss Wehann Smith reckons there is money to be made at the Ready To Run Sale in November, pointing out that the top 20 pinhooks at last year’s sale made an average gross profit of R380 000.

He added: “The allure of pinhooking for seasoned buyers is the untapped earning potential and the excitement of the unknown. It can also act as a stepping-stone for those new to the industry… potentially profiting from the process.”

Prices seem sure to be lower this year after the savage knock taken by the market in the first few sales of the post-Markus Jooste era but the profits should still be there as most of those purchased for resale will have been bought after the Mayfair crisis erupted.

By Michael Clower Gold Circle

Image Silver Coin by Wayne Marks 

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