BLOODSTOCK South Africa has expressed their gratitude and appreciation to all loyal vendors and buyers for their support of the various yearling sales conducted during the course of the year.
A statement read:
Although 2018 has been a difficult period for our economy, and even more so for our industry, Bloodstock South Africa’s sales have held up remarkably well.
The total aggregate for all BSA 2018 yearling sales grew by an impressive 20%. The standout sale as far as the aggregate increase is concerned, would have to be the Emperors Palace National Yearling Sales where a staggering 25% increase was achieved. The KZN Yearling Sale and the Emperors Palace National Two Year Old Sale also posted
significant increases in their aggregates achieved, both posting double digit growth. As a result, Bloodstock South Africa grew their percentage of the market share by 38%. The average price achieved over all yearling sales run by BSA improved by a healthy 20%.
This year also marked the introduction of a new initiative at the Emperors Palace National Yearling Sale of a two-tiered sale. This proved to be an enormous success. Horses sold on session 1 had an increased minimum bid of R100 000 whilst session 2 remained at R50 000. It is worth noting that only 17% of the horses over the entire sale failed to reach the R100 000 minimum bid for session 1 (8% in session 1 and 9% in session 2). The results speak for themselves: average price achieved on session 1 was R582 000 whilst session 2 achieved R188 000.
It is interesting to note that at the Emperors Palace National Yearling Sale the number of horses sold between the R500 000 to R1 000 000 and R300 000 to R500 000 grew by 42% and 34% respectively.
When reviewing statistics the two statistics that are often overlooked are the sales median and clearance rate. Bloodstock South Africa is proud that the median price achieved increased at every sale held in 2018 and the clearance rate was a very pleasing 82%.
International Buying Bench
The most positive effect on the South African Thoroughbred Industry in 2018 has been the very active international market for both yearlings and proven race horses. International participation at the 2018 Emperors Palace National Yearling Sale was significant. From purchasing 29 horses and spending what equated to 16% of the Bloodstock South Africa’s turnover in 2017, international buying increased to 54 horses this year, and their participation saw the overseas spend equate to no less than 34% of BSA’s turnover at the 2018 sale.
Bloodstock South Africa would like to wish breeders a successful foaling season and all owners and trainers a wonderful 2018/19 racing season.
Photo: Candiese Marnewick.