valuation of long-term investment securities in accordance With SKAS
unrealized loss on valuation of long-term investment securities for adoption of SKAS
At the sale, everyone came out to play, including three important buyers who did not purchase a yearling at Deauville last year - Sheikh Mohammed, Nathan Tinkler, and certain members of the Saudi royal family, whose nom de plume is SKAS
Buyers from middle-eastern oil-producing countries, namely Sheikh Mohammed and his brother Hamdan Al Maktoum, along with SKAS
(Stables King Abdullah & Sons) from Saudi Arabia, accounted for a third of the two-day aggregate when buying a combined 27 lots for a total of EUR9,540,000.
A new player in the Arqana sales arena was Prince Mitaab Bin Abdullah Bin Abdul Aziz Al Saud, the son of King Abdullah of Saudi Arabia, who purchased three lots under the name of SKAS
, including a Rock Of Gibraltar half-sister to Red Rocks for EUR650,000.