Thursday, 30 May 2013

Rhinos sell for £17500 each at South Africa game auction – Prices down 50%

Rhinos prices crash due to poaching epidemic
May 2013. At the annual game auction in South Africa run by Ezemvelo Wildlife, the wildlife and conservation body of KwaZulu-Natal, 40 white rhinos were sold for about 10 million rand (£700,000), or an average of about 250,000 Rand (£17500). In 2008 a single adult white rhino bull was sold for 640,000 Rand.

Price crash due to poaching
The price of rhinos at auction has plummeted over recent years as rhino poaching has reached record levels and farmers have tried to offload their rhino stock. 313 rhinos had been killed by 16th May this year, compared with 668 across South Africa in the whole of 2012. 

Around 1500 animals of many different species were sold for a total of 13.6 million rand; The animals included black wildebeest, blue wildebeest, giraffe, hyrax, red hartebeest, impala, kudu, nyala, warthog, zebra, blesbuck, springbuck and 4 hippos (Hippos sold for £2400 each).

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