Mick Goss (pic: hamishNIVENPhotography)
The bare numbers from Sunday’s Emperors Palace Ready To Run Sale were a mirror image of the state of the local economy, with a strong upper end, a muddled middle, and a tough lower end.
Like racehorse sales the world over, the wealthy are impervious to the vagaries of financial meltdowns, and our old adage of “one rich man doing what he has to do to beat another” was in excellent health on Sunday; four of our lots made in the vicinity of a million plus, with our top lot at R2million.
There were some spectacular sales at the upper end, and some very solid returns in the R400,000 to R700,000 bracket, if you had the right horse.
The Visionaires were especially strong in this department, while all of Brave Tin Soldier, Golden Sword and A.P. Arrow posted sales around the half-million-rand mark. Especially encouraging is the on-going appreciation of the market for the first crop of Golden Sword, who was firm in the R150,000 to R475,000 bracket.
