Bloodstock South Africa has launched its digital online sales platform, with the inaugural monthly BSA digital sale slated to begin June 5 and continue through noon, June 11. Entries opened yesterday (May 28) and close at noon, June 1. The sale will be held on a monthly basis: the first Friday of each month, and will close on the following Thursday at midday. The sessions will vary from weanlings, yearlings, which will qualify for BSA's Value Added Stakes Incentive, and broodmares, in addition to unraced and horses-in-training.
Included in the financial framework of the new online sale:
- Entry Fee – R500 (excl. VAT)
- Sales Commission – 5% (excl. VAT)
- Reserve Commission – 0%
- Roll-over fee to next sale – R250 (excl. VAT)
- Minimum Floor Price – R5000
“We believe that in this day and age, there is a need for a convenient and user-friendly platform that allows breeders, owners and trainers to readily trade their stock as their dynamic needs dictate,” said BSA CEO Michael Holmes. “It also enhances the attraction of the liquid commodity aspect of the thoroughbred, and potentially opens the bloodstock market to a wider range of investors.”
For more information, visit www.bsa.co.za
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