National 2yo Sale ends on a high note
The 2013 Emperors Palace National 2yo Sale ended on Friday evening, with handsome increases in aggregate, median and averages.
The 2013 aggregate rose 28% from last year’s total (R20 455 000) to R26 260 000. The median increase was even more remarkable – as it jumped 50% on last year’s price from R69 105 to R60 000 in 2013.
Averages were up 21%, and reached just a shade under R100 000 (R98 352). The lots not sold remained comparable with last year – 32 lots not finding homes (33 failed to sell in 2012).
Remarkably, the Gary Player Stud Farm consigned both the top priced cold and filly. It was, thus, no surprise to see that farm head the vendors list by total aggregate. They sold 14 of their 15 lots for a total of R2 555 000, ahead of Highlands Farm Stud, Klipdrif (As Agent), Ascot Stud and the Ambiance Stud.
Leading vendors, by average, was Varsfontein Stud (as agent), who sold four lots for R1 240 000 at an average price of R310 000.
Leading buyers were Misty Meadows, who purchased 10 lots for a gross total of R2 155 000. Their purchases included a Sail From Seattle colt, who cost R400 000, and a R450 000 Jet Master colt.
Champion sire Silvano was the sale’s leading sire both by aggregate and average. His eight lots to sell grossed R3 495 000, and averaged R436 875.
Silvano was the only sire represented by a R1 000 000 lot. His son, an unnamed colt from the family of Kings Gambit, was knocked down to Dennis Drier for an even million. In total Silvano was represented by four lots to make R400 000 plus.
Behind Silvano on the sires log, by aggregate, came Judpot, Antonius Pius, Dynasty and Sail From Seattle.
While a Silvano son was the sales’ top priced colt, a daughter of the great stayer Yeats was the most expensive filly sold at this year’s sale. Consigned by the Gary Player Stud Farm, the unnamed filly was knocked down to Ken Truter for R450 000.
CEO Tom Callaghan was thrilled by the outcome of the two day sale, which has a long history of producing high-class racehorses at affordable prices.
Callaghan said at the conclusion of the sale, “,” Wow! The National 2yo sale has never been this strong. There was money in the ring for the right horses, and overall a 50% increase in the median price is fantastic for our market. Breeders should take a very positive message out of this sale that the market is improving. However, the right horse for the right sale strategy has never been more evident than this sale. Buyers still got great value at this sale, and it will continue to be a sale that offers superior value. This sale was a very positive one for our industry, and I am absolutely ecstatic about the results. The passion and dedication that all of our patrons have for finding that champion that changes their lives is very humbling, and we appreciate every person’s support, be it breeders, buyers or underbidders.”