National Yearling Sales to be broadcast live over internet

Sale suffered because of competition with inaugural Cape Sale.

Number 1, there is only so much money available.

Number 2, the Cape sale was expensively promoted.

Number 3, if most foreigners are like me, they cannot come to 2 yearlings sales a few months apart.

When asked what I thought about the idea of the Cape sale last year, I said I didn't like it, because I want to come once, see as many yearlings as possible, make my buys, and go home.

Selfishly, I would like the SA yearlings all to be sold in one sale, no matter where it is, and no matter how many days it lasts. Keeneland sells thousands of yearling over 2 weeks with only 2 days off. It is the most successful yearling sale in America.

The 2011 Emperors Palace National Yearling Sale ended on a high today, when lot 599, the penultimate lot on sale, was knocked for R1.2 million to John Freeman. The chestnut colt, consigned by Varsfontein Stud, is named True Master. A son of Jet Master, he is out of G3 winner Bushra.

Overall, the sale posted an aggregate of R115 310 000. Of the 600 yearlings catalogued, 557 went through the ring, and just 65 failed to find homes.

The sale’s average price was R244 301, down slightly from last year’s average of R324 557. No fewer than 16 yearlings made R1 million plus. The top priced yearling to sell was Heart’s Content, lot 196. The filly, consigned by Varsfontein, is by champion sire Jet Master out of the stakes winning mare, Jalberry.

Varsfontein Stud enjoyed a fantastic sale, and ended up as the leading vendors by aggregate. Their 17 lots to sell made R7.055 million, and averaged R415 000.

Leading vendor, by average, was Varsfontein Stud (As Agent), they sold seven yearlings for an average price of R 706 429.

Form Bloodstock were the most prolific buyers, and purchased 20 yearlings for an aggregate of R10.2 million.

Champion sire, Jet Master, enjoyed a truly phenomenal sire. The great horse sold 35 of his 37 yearlings on offer, for an aggregate of R21 325 000, making him the leading stallion by aggregate. He averaged R609 286, which made him the leading sire by average, with five or more sold.

TBA’s CEO, Jan Naude, was resigned about the sale,” These prices are a realistic reflection of the economy. There was plenty of good money for the top horses, but the middle market struggled.”

Down slightly? 80k is a massive drop

On the subject of buy backs, just a question?

If a seller has as reserve on a runner, lets say R100,000 and the highest bid was R90,000 it gets taken out as "not sold"

So what would be the reason for the same seller to go R100,000 and buy back his own horse and pay commision?

Only thought would be to keep the avearage price of the sire high?

This is more a question than a statement, maybe one of the experts could help.

Was Charles Laird absent in teh buying market or was it done under MAYFAIR SPECULATORS????

Mayfair is Jooste - most of the time. Laird was absent.

scotia Wrote:

---

> On the subject of buy backs, just a question?
>
> If a seller has as reserve on a runner, lets say
> R100,000 and the highest bid was R90,000 it gets
> taken out as "not sold"
>
> So what would be the reason for the same seller to
> go R100,000 and buy back his own horse and pay
> commision?

SOMETIMES A SELLER WILL USE THE RESERVE TO PUSH THE BIDDING AND THEN BID LIVE AFTER THE 90,000 IN ORDER TO SNARE ANOTHER BID. HAPPENS ALL THE TIME.
>
> Only thought would be to keep the avearage price
> of the sire high?

YOUR CONCERN WITH BUYBACKS AND THE AVERAGE IS KIND OF ODD. DO YOU THINK THERE IS SOME SORT OF CONSPIRACY ON THE PART OF THE SALES COMPANY TO BOOST THE SALE AVERAGE BY MANIPULATING RESULTS? IF ANY MANIPULATION TAKES PLACE, AND IT DOES, IT IS ON THE PART OF SELLERS, NOT THE SALES COMPANY.
>
> This is more a question than a statement, maybe
> one of the experts could help.

"SOMETIMES A SELLER WILL USE THE RESERVE TO PUSH THE BIDDING AND THEN BID LIVE AFTER THE 90,000 IN ORDER TO SNARE ANOTHER BID. HAPPENS ALL THE TIME.


YOUR CONCERN WITH BUYBACKS AND THE AVERAGE IS KIND OF ODD. DO YOU THINK THERE IS SOME SORT OF CONSPIRACY ON THE PART OF THE SALES COMPANY TO BOOST THE SALE AVERAGE BY MANIPULATING RESULTS? IF ANY MANIPULATION TAKES PLACE, AND IT DOES, IT IS ON THE PART OF SELLERS, NOT THE SALES COMPANY".

Thanks for reply Barry

I understand that some times the "seller" when trying to push the bid "gets caught" and left with the horse, not suggesting any manipulation, just could not understand the reasoning for buying back your own horse and paying commission, but I guess the first reply answers both.

I am sure its in the interest of the (owner)? of the sire to boost the figures via a buyback and keep a high average for his/her stallion?

What are your thoughts?

Average price down 30%..significant and very welcome

When a seller bids on his own horse and buys it back it is recorded on the sales figures.for example the horse is knocked down for 200k to him.....that 200k is added on to the total overall sales figure?
But he doesn't pay 200k to the TBA?He only pays the comm on the 200k?
If that is the case then my point is why is the 200k added onto the overall figure?
Various people in the know say it is definitely added back on to the overall figure.The 3,2 mill horse was knocked down to the owner......so he only pays the comm yet the 3.2 is recorded as the sales topper and added on to the overall sales total?????
I hope my assumptions and information received is correct.......

Being a novice in this area, it does not make sense to me that anyone would be willing to pay commission on something that is already his (quite a hefty chunk of money on a figure like R3,2 million), but I gather this is common practise - so there must be something that I am missing? Could it be (as suggested in this thread) that the seller/buyer is prepared to pay the commision just to increase the average/aggregate for the breeding operation and/or stallion?