Jack Milner: Figures from the 2020 Cape Premier Yearling Sale result in a large drop in the aggregate, average and median.
While there were still some silver linings giving hope for the future, the average price per lot was down 25% on last year while the aggerate fell 32.4%. While last year some 17 lots sold for R1-million or more, this year just five passed the magic million mark.
“Considering the economic climate, both macro and micro, we came into the sale with limited expectations,” said Wehaan Smith, chief executive officer of Cape Thoroughbred Sales. “But all said and done, it’s still a significant amount of money (sales totaled R56,490,000) and we still see a R3-million colt and a R2.2-million colt and two fillies over R1 million in trying times as positive.
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