Cape Thoroughbred Sales to host Million Dollar Sales Race

breaking news:

At a glittering affair in North Korea, South Korea have launched a new housing scheme for 1st time home buyers.



they could not even find a venue in cape town to launch their product......rotflmao

easy may be not so stupid, they need the joburg buyers they have all ready the cape sorted

mr hawaii Wrote:

---

> Party Line Wrote:
>

---

>

---

> > "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."
> >
> > Using CPYS 2013 numbers as a base and the entry
> > fee above......
> >
> > Book 1 had 234 entries and Book 2 had 284
> entries
> > in 2013
> >
> > 234 x 30k = 7 020 000
> > 284 x 20k = 5 680 000
> >
> > So that's R 12 700 000 made up from buyers and
> > vendors money.....for a 10 million race
> .......am
> > I missing something here......?
> >
> > Therefor a big well done to all buyers and
> sellers
> > if they choose to go this route
>
>
> Perhaps I've got it wrong but is it not either
> buyer or vendor that has to pay an entrance for
> the sale?


Both

I make the figures even worse,looks like profiteering,infact one owner could do very well from this...

so much for this being the biggest news in South African racing ever!!!!!!




C.T.S. – 2014



Book 1

Vendor 200 R Nil

Buyer 185 @ R5 000 R0,93m



Book 2

Vendor 240 @ R5 000 R1,20m

Buyer 200 @ R5 000 R1,00m

Total 2014 R3,13m



2015

Book 1

Vendor 200 @ R15 000 R3,00m

Buyer 185 @ R15 000 R2,78m



Book 2

Vendor 300 @ R10 000 R 3,00m

Buyer 250 @ R10 000 R 2,50m

Total 2015 R11,28m



Total 2014 & 2015 R14,41m

Race in Jan 2016 R10,0m

Carry over surplus R 4,41m

hibernia Wrote:

---

> mr hawaii Wrote:
>

---

>

---

> > Party Line Wrote:
> >
>

---

>
> >

---

> > > "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."
> > >
> > > Using CPYS 2013 numbers as a base and the
> entry
> > > fee above......
> > >
> > > Book 1 had 234 entries and Book 2 had 284
> > entries
> > > in 2013
> > >
> > > 234 x 30k = 7 020 000
> > > 284 x 20k = 5 680 000
> > >
> > > So that's R 12 700 000 made up from buyers
> and
> > > vendors money.....for a 10 million race
> > .......am
> > > I missing something here......?
> > >
> > > Therefor a big well done to all buyers and
> > sellers
> > > if they choose to go this route
> >
> >
> > Perhaps I've got it wrong but is it not either
> > buyer or vendor that has to pay an entrance for
> > the sale?
>
>
> Both
>
> I make the figures even worse,looks like
> profiteering,infact one owner could do very well
> from this...
>
> so much for this being the biggest news in South
> African racing ever!!!!!!
>
>
>
>
> C.T.S. – 2014
>
>
>
> Book 1
>
> Vendor 200
> R Nil
>
> Buyer 185 @ R5 000 R0,93m
>
>
>
> Book 2
>
> Vendor 240 @ R5 000 R1,20m
>
> Buyer 200 @ R5 000 R1,00m
>
> Total 2014 R3,13m
>
>
>
> 2015
>
> Book 1
>
> Vendor 200 @ R15 000 R3,00m
>
> Buyer 185 @ R15 000 R2,78m
>
>
>
> Book 2
>
> Vendor 300 @ R10 000 R 3,00m
>
>
> Buyer 250 @ R10 000 R 2,50m
>
> Total 2015 R11,28m
>
>
>
> Total 2014 & 2015 R14,41m
>
> Race in Jan 2016 R10,0m
>
> Carry over surplus R 4,41m

you forget that horses sold in 2015 will then race in 2017 so actually htey are then -R6 mil