Cape Thoroughbred Sales to host Million Dollar Sales Race

Cape Thoroughbred Sales to host Million Dollar Sales Race

On Wednesday evening, at a glittering media function at Taboo in Sandton, Johannesburg, the Cape Thoroughbred Sales company (CTS) stunned the South African thoroughbred horse racing and breeding industry with the announcement that it will be hosting the first Million Dollar race in Africa!

Known for its out-of-the-box thinking, CTS, who annually hosts the innovative inner city sale, the Cape Premier Yearling Sale, has taken another quantum leap in announcing Africa’s richest race for graduates of the 2014 Cape Premier Yearling Sale and the 2014 CTS March Yearling Sale.

With a staggering value of $1 000 000, the race far surpasses the current richest race in Africa, the R3.5 million, Vodacom Durban July. CTS Chairman Chris van Niekerk announced that the prize money will be split over the first five places, with the winner receiving $500 000, 2nd place $200 000, 3rd $150 000, 4th $100 000 and with $40 000 to the 5th placed horse. The vendor of the winning horse will receive $10 000 as well.

In what must be the biggest return on investment ever seen, Van Niekerk went on to explain that for the 2014 Cape Premier Yearling Sale, the buy-in would be a mere R5 000 per horse for the buyer, with no cost to the vendor and for the 2014 CTS March Yearling Sale, the buy-in would be R5 000 per horse for the buyer and R5 000 for the vendor. From 2015 onwards, the buy-in for both buyer and vendor at the Cape Premier Yearling Sale will be R15 000 each per horse, while the buy-in at the CTS March Yearling Sale will be R10 000 per horse for both buyer and vendor.

The first Million Dollar race in the history of South African racing is scheduled to be run over 1400m at Kenilworth Racecourse in January 2016 and will only be open to graduates from the 2014 Cape Premier Yearling Sale and the 2014 CTS March Yearling Sale.

CTS has certainly taken the South African thoroughbred industry by storm. Innovative and always trying to find new ways to improve, it is certainly not afraid of challenging the status quo. In the two years since the Company’s inception, CTS has completely rewritten the rulebook on thoroughbred sales, and if the latest announcement is anything to go by, there will be plenty more to look forward to.

Wow! This company is amazing, and proving a very hard act to follow! Very satisfying to have people like Mr van Niekerk influencing our future in this game.

Well thats the sale to buy on!

oscar Wrote:

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> Well thats the sale to buy on!


r10m plus,what if the Rand collapses again?

hibernia Wrote:

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> oscar Wrote:
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> > Well thats the sale to buy on!
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> r10m plus,what if the Rand collapses again?


How much will the CTS be putting in over the amount raised through entries? I wonder why Dollars as I don't think International breeders will send a horse to that sale - Perhaps they are hoping forex will flow in from International Buyers

Let's start saving boys to buy at the 2014 sale

Dollar race.... International stature ? Must be a good reason

?......nothing but a money spinning racket ......I for one was always in favour of the RTR concept as horses are sold later in the year and are schooled and broken in and one can spot a bad mover and avoid the obvious....
?....well with the bigger purse offered for graduates of this sale the quality seems to be on a downward spiral
?.....past gems Pierre Jourdan and Igugu who went on not only to feature in the actual race but went on to bigger things.....more recent winners and close up placed horses would be lucky to participate in a graduation plate.....in other words the eye on the prize has pushed up the sales value of very mediocre sorts just to participate in an ordinary race...

?.....now take this concept to an earlier time in the year where horses have hardly been weaned ....have not yet grown .......have not had time in the open fields where they were born.....already shoved on the trucks bundled into boxes in the big city .......all so they can qualify to run in Africa's richest race .....brilliant keep the eyes on the prize.....and the average sales price is bound to rise.....have them come early and never race again.....just what we need to breed ......horses with shorter racing careers only to get the big tom when they are young.....turnover more horses .....no turnover more tom......:

bad company Wrote:

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> Let's start saving boys to buy at the 2014 sale


like it...

so the stake for one race held at kenilworth is the equal to the total stakes increase for gold circle natal for the whole year:)o

will the cape breeders still want the sales stakes removed from the log? ()

Just wondering what 'steroid free' yearlings might look like in January 2014? Lol.

Well done CTS - not only will owners be paying plenty for their yearlings but they are also funding their own races in advance!