True to its dynamic and progressive nature, the Cape Thoroughbred Sales Company (CTS) has announced a number of enterprising plans for implementation, including a major rationalisation of the sales programme.
Adrian Todd, MD of CTS, said that the company has spent several months considering suggestions for industry progress and less onerous sales schedules from major role players. Discussions in this regard have also been held with BloodStock SA.
Todd explained: “Market sentiment has been that there have simply been too many sales. CTS will be streamlining its 2018 Auction Sales Programme in the interest of rationalising the events calendar as well as enhanced service and convenience to buyers and sellers. Whereas in the past CTS offered six sales for yearlings and two year olds, we have now consolidated them into three sales. The new format provides buyers and vendors with every level of sales platform, from a select offering for later developing horses, to a value session with low costs to buyers and sellers for value buys.”
The restructuring entails:
The Cape Premier Yearling Sale (CPYS) will remain in its attractive January slot.
The CTS March Yearling Sale will be integrated with April’s CTS Emperors Palace Select Yearling Sale to form a single Sale in April 2018. The combined sale will be held in the Cape and will comprise of three sessions:
Select Session 1:
An evening select session, catering for quality later developing horses.
The second session caters for a quality selection of the old CTS March yearling draft. Horses from both of these sessions qualify for the CTS Millions.
A value session that will provide value buys for owners and a solid platform for vendors upon which to enter their value stock, not qualifying for the CTS Millions.
November’s Lanzerac Ready To Run Sale remains in place.