Preparations for the Emperors Palace National Yearling Sales
(Photo : Grant Norval)
“Extract from the Summerhill Stud Client Newsletter”
Raging bushfires in Australia, icy conditions in Europe and the financial melt-down all add up to a lot of tough stuff, yet if you were sitting here and weren’t reading the papers or watching TV, you’d be wondering what all the fuss was about.
We’ve just completed a record Ready To Run Sale, the local economy is still growing, albeit it slowly, our cricketers are on fire, and the Cape Yearling Sale was up almost 10% on average, very much against the international trend. While the chill wind is obviously still going to blow, it seems as if South Africa is sitting a little prettier than most. There are those who might lament the Rand’s 30% depreciation in October, but for exporters and our foreign customers, its music to the ears.
Besides, Imbongi and Art Of War have both ran crackers, the latter victorious by 8,5 lengths on Thursday in Dubai. You never know, but we’re always cogniscent that the Dubai Duty Free (& others) are worth US$5 million each!
So what’s up at the ranch? We’re in the process of weaning one of the best crops of foals we’ve seen, at the same time attending to their micro-chipping (for id purposes). It’s business plan and budget time too, and with our broad management structure, we have every divisional head beavering away at their plans for the year and their departmental sums.
Land preparation for the autumn and winter pastures has just started, and we’re a month into the preparation of a terrific bunch of yearlings for the Emperors Palace National Yearling Sales.
Interestingly, we’ve sold a number of horses in training and mares off the farm in recent weeks, and there’s been good international interest from Hong Kong, Pakistan (of all places) and Mauritius, alongside solid domestic demand. It seems people are still buying racehorses (either for the revenue or the “fun” dividend) in preference to motor cars, because that segment of the economy has really gone quiet. I should add, the horses are making their money, so there’ve been no giveaways.
Hartford House is “pumping” at the moment, and there’s hardly place at the inn on a weekend well into May, so this is the “early warning” system reminding our friends that the July weekend, our Stallion Day and the KZN Broodmare sale (Thursday 2-8 July) are likely to be swallowed up very soon. I would recommend, if you’re keen to attend the races, Stallion Day, or the Broodmare and Yearling sale that you book soon.
This note comes, as always, with our best wishes from everyone at Summerhill.