Search
where the horse is always the hero
Article Item
Posted 2018-04-16 10:58:24  
JOOSTE FACTOR AFFECTS YEARLING SALE

The Markus Jooste factor – or rather lack of it – had a devastating effect on last week’s CTS April yearling sale and vendors are now bracing themselves for a difficult time at next week’s 526-lot National Yearling Sale.

The Durbanville sale was billed as a combination of last year’s Emperor’s Palace Select and the Cape Town March which together resulted in 332 sold for an average of R173 328 and a R57.5 million total. Last Thursday and Friday only 208 out of 289 horses on offer were sold and the average slumped by 43% to R97 764 while the aggregate was only just over R20 million.

At last year’s Emperor’s Palace nine yearlings went for R1 million or more (by no means all of them for Jooste partnerships) whereas last week the highest price was R700 000.

Sales company CEO Wehann Smith said: “We are all aware of the effect that Steinhoff and Mayfair Speculators have had but even so the results were a little bit down on what we expected. On the positive side one has to believe that this is an abnormal year and hopefully it is just a blip on the radar. But it is certainly very tough on the breeders.”

Seemingly not all of them were as stunned as the bare results would suggest and Cape Breeders chairman Vaughan Koster said yesterday that he was not all that surprised.

He explained: “For starters we were on a hiding to nothing having two sales within little more than ten days of each.

“Secondly the liquidation of Mayfair Speculators is having a huge effect on the industry. What Markus used to put into it each year is no longer coming in and on top of that all his horses have been up for sale. I don’t want to sound all doom and gloom but we have to be realistic – there just isn’t the same money around.

“I think we have to expect a reduction at Nationals although I believe the sale will still be relatively strong. It’s the regional sales that are going to be difficult. Everybody in the industry is going to have to tighten their belts and cut costs for a couple of years when I believe the market will turn around again.”

Koster expects the anticipated re-opening of the export protocols to act as the catalyst and believes that breeders have a part to play in expediting this, saying: “We need to push hard to ensure that this goes ahead because it will make a big difference.”

Michael Clower for Gold Circle

 

Rate:
Email link to a friend | Printable Version
  • South Africa
    Displaying 10 ResultsSee All
    cherry tops nationals day 110 hours ago

    Jessica Slack's Mauritzfontein Stud sold the top lot on day 1 of Nationals 2018. It also proved to b...

    View | Add Comment
    nother russia another world4 days ago

    Nother Russia swept to the front under a perfect ride in the Princess Charlene Empress Club Stakes G...

    View | Add Comment
    vodacom durban july 1st entries6 days ago

    The 2018 Vodacom Durban July has attracted a smart group of 69 entries for the country's greatest ho...

    View | Add Comment
    lloyd back to break july duck7 days ago

    Big news breaking on Tuesday is that KUDA Insurance are to bring six time SA Champion jockey Jeff Ll...

    View | Add Comment
    world rated stars entered for fillies guineas 2018-04-16

    The Kzn Winter Champions Season is set for a cracking start as the top fillies in the land have been...

    View | Add Comment
    scottsville abandoned, jockeys protest2018-04-15

    Today’s Scottsville race meeting was abandoned after the running of the barrier trial and the ...

    View | Add Comment
    legal eagle ready for the challenge2018-04-12

    Legal Eagle, 4-10 when he won the HF Oppenheimer Horse Chestnut Stakes last Saturday, is 2-1 favouri...

    View | Add Comment
    spinal injury for delpech 2018-04-10

    Anthony Delpech has suffered a spinal injury in his fall at Turffontein in Saturday.  This new...

    View | Add Comment
    the eagle landed at turffontein once again2018-04-08

    The classic mile encounter between the best horse in the country and the best female miler played ou...

    View | Add Comment
    muzi's grade 1 crown whilst triple tiara is on2018-04-07

    Muzi Yeni onboard outsider Lobo’s Legend (20-1), trained by Joe Soma won the R2-million SA Cla...

    View | Add Comment