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The Platinum Rhino project near Klerksdorp is set to host an auction featuring white rhinos. There are two subspecies of white rhino: The southern and the virtually extinct northern variety.

Not only will the world’s biggest concentration of white rhinos be on auction, but a ranch as well. The reserve price has been set at R182 million.

It’s believed that the cost for a rhino equates to about R91,000 per animal based on the information that there are around 2 000 of the endangered species at the venue.

The owner of the farm, John Hume, has been living on the farm. He failed in his attempt to legalise the trade in rhino horns and then the project turned too costly to keep it running.

The trade of rhino horns is banned. It’s believed rhino horn is used in East Asia to cure cancer and boost virility.

News24 reports that South Africa is home to most of the world’s white rhinos and some black rhinos. The country has been battling poachers for more than a decade and lost more than 1 000 of the animals to criminals every year from 2013 until 2017.

Image credit: News24

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