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SAf Sibaya Yearling Sale Slips On Economic Climate
The 2-day Sibaya Yearling Sale (Thursday 3-Friday 4 July) was completed at the Sibaya Casino & Entertainment Kingdom near Umhlanga Rocks (north of Durban) on the eve of the SAf Gr1 Durban July Handicap. A total of 292 lots were sold for an aggregate R15,370 000 (A$2.1 million), 16% down on last year's R18,264,500 (A$2.45 million). The average price of R67,118 (A$9,030) was down 10% on last year's R74,549 (A$10,030). Top price was R410,000 (A$59,000) paid by trainer Kom Naidoo for Boland Stud's Model Nation (Lot 289), a half-sister to the well-performed London Guest, and the 7th produce of Model Guest, a daughter of champion broodmare sire Northern Guest. Caroline Simpson, Sales Manager of BSA, said she was very pleased with the results. "We had an excellent turnout of buyers and considering the economic climate the aggregate was satisfactory. There were some really nice specimens on the sale, all the yearlings with good conformation sold well.” Jan Naude, CEO of BSA, commented: "The lower aggregate reflects a 10% drop in average and a 6% lower volume as fewer hoses were sold this year which is not bad. The sale was a success overall.” Meanwhile, the Sibaya Mare, Weanling and Horses-In-Training Sale takes place today.