v
Candiese Lenferna
Team Normandy are looking sharp and natty at Sunday's sale
80 IS THE NEW 50
Sunday’s BSA Cape Yearling Sale showed handy increases in both average and median prices over the 2022 sale.
Normandy’s Oscar Foulkes writes that the jump in those measures from 2021 to 2022 was dramatic, effectively getting the sale onto a new plane from where it was before. Have a look at the full table of aggregated 43 | 1 MARCH 2023
results - please click here
I always prefer looking at medians rather than averages, because a few top-end prices can distort the averages. This year’s median (of R130k) is below production cost, but it’s double where we were in 2021, and more than treble 2020. On this measure alone, the
industry is heading into healthier territory.
After the sale, I jokingly said to someone that 80 is the new 50, because of an observation that the band of horses that may have gone for R50k in the past, was now going for R80k. So, I took a look under the hood to see what that translated into for vendors.