Falcon’s auction value rise from 25K to 500K
The article highlights the falcon market in the Kingdom of Saudi Arabia, where the value of falcons occasionally exceeds hundreds of thousands of riyals. Prices are determined based on factors such as breed, appearance, weight, and racing performance. The cost of raising a falcon ranges around 4,000 riyals annually, but its value can reach hundreds of thousands when considering rare traits and achievements in competitions. In international auctions held in Riyadh, some of the early sales have reached 540,000 riyals, with certain birds sold for more than 300,000 riyals—particularly rare breeds associated with strong records of accomplishments. Prizes from races further increase the value of high-quality birds. This shift reflects the transformation of the falcon from a traditional creature into an investment asset, with its worth linked to reputation, achievements, and physical and genetic qualities. The commercial reputation of the breeding farm and its success in races greatly influence the final price.
Notice: This Is an AI-Generated Summary
Comments (0)