What is the latest on Sibaya sales?

Can anybody comment on what happened at the Sibaya sales,were theire any bargains or is the horse industry flat,due to the economic depression?

Kahal colt fetches R240 000 on first day of Sibaya Sale

CHAD Cooke’s Intercontinental Bloodstock paid the top price of R240,000 for a son of Kahal on the first day of the 2009 Sibaya Yearling Sale being held at the Sibaya Casino and Entertainment Kingdom near Umhlanga Rocks.
The grey colt, named Frappe, is the first produce of the Salaadim mare Absolut Star and his new owner, John Finlayson, plans to rename him “Shaken Not Stirred”.
The Johannesburg-based businessman was excited to secure this lot and said: “Dean Alexander picked him, I really liked him and Dr John McVeigh also gave us the thumbs up, so we’re happy all round. There is a connection to vodka in the name of his dam and I like mine shaken, hence the name change!”
Alexander commented: “This colt has classic features, he has presence and quality and I believe this was a good price.”
There were indeed plenty of value buys scattered across the first 180 lots with several sold at the floor price of R10,000. “In the present economic climate it was good to see that many breeders were willing to let their stock go instead of hanging on,” said BloodStock SA’s CEO, Jan Naudè.
There were 18 more lots unsold than in 2008 which contributed to the 22% drop in aggregate from R9.435-million to R7.355-million. The average price of R57,913 was down only 10% from R64,623 recorded last year and Naudè commented: “The decline in turnover was in line with the one recorded at the Emperors Palace National Yearling Sale so it’s fair to say we’re holding our own.”

I doubt very much that the TBA's press release is accurate when suggesting that 'Chad Cooke's Intercontinental Bloodstock' was the purchaser. Cooke does not own it according to a recent magazine article .Intercontinental Bloodstock is the trading name of French Bloodstock agent Xavier Bozo and wife Nathalie.

The Bozo family breeding operation is Elevage de la Source based in Normandy France.
They purchased a Fantastic Light filly at the NYS last year in Jhb.

I hope the TBA sorts out who is signing for the buyer's card!!!!

Well done Oscar "Shaken not Stirred", I like it.

The sale does not reflect the true nature of the industry as this was not your regular Sabiya sale (far stronger catalogue and those that bought here got top horses at fair prices)

Was playing blackjack missed the bloody auction. will try again next year.