Magic Millions sale suffers downturns
WORLDWIDE economic problems and the distraction of the Queensland floods have taken their toll on the Magic Millions GoldCoast Yearling Sale, with Thursday's second session contributing to a cumulative downturn in figures.
Turnover for the first two day's trading stands at A$34,980,500 (£22,059,994, €26,133638), down eight per cent ontakings from last year. The average price of A$131,179 is down by three per cent, and the median is down by ten per cent to A$90,000.
New bloodstock agent Rick Connolly, who established his agency only three months ago, bought Thursday's top lot, a A$625,000 Redoute's Choice half-brother to Group 1 Chipping Norton Stakes winner Casino Prince, now a stallion at Nathan Tinkler's Patinack Farm.
Connolly oversaw the purchase of Casino Prince during his time as bloodstock manager at Patinack Farm, and Australia's racingandsports.com.au reported that " it is suspected the colt will race for Patinack Farm and be trained by John Thompson".
Nathan Tinkler: owns Casino PrincePICTURE: Getty Images
Redoute's Choice also supplied the second-highest priced lot on Thursday, a filly who is the first foal out of Listed-winning juvenile Mirror Mirror. She was sold to trainer Gai Waterhouse for A$500,000.
The first foal produced by multiple Group 1-winning sprinter and successful King's Stand Stakes raider Miss Andretti, a chestnut colt by Exceed And Excel, was snapped up by the star mare's trainer Lee Freedman for A$460,000.
A half-brother to last season's star sprinter Starspangledbanner by first-crop yearling sire Purrealist, billed by the auctioneer as "one of the colts of the year", failed to reach his reserve at A$240,000.
The Gold Coast sale continues until Sunday, with session six taking place on Wednesday.