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Snow Fairy (yellow) - So You Think - Irish Champion Stakes - Leopardstown - Sept 2011

So You Think: set to cover Monday's Magic Millions National Broodmare session-topper Melito later this year

  PICTURE: Patrick McCann (racingpost.com/photos)  

Coolmore snaps up top mare Melito at Millions

GROUP One winner Melito was the star lot on the first day of the Magic Millions National Broodmare Sale at the Gold Coast in Australia on Monday.

The last lot in the supplementary catalogue for the first session, Melito attracted bids from four different parties before Coolmore Stud's Tom Magnier trumped the others with a final bid of A$1.65 million (£1,034,683/ €1,294,000).

 

Offered by Reavill Farm, Melito is a multiple Group One winner and was presented in foal to champion Coolmore sire Encosta de Lago.

Magnier, the biggest spender on day one, was delighted to snare the prized mare.

"Obviously she is a serious mare," Magnier said.

"She's a lovely looking individual with a great pedigree.

"She had great speed and a great deal of quality. Mares like her don't come up for sale very often and we're delighted to be able to buy her.

"She will be served this spring by So You Think and I can't wait to see the resultant progeny."

The price is the fourth highest paid in the history of the Gold Coast sale and the second most expensive for a mare in foal.

Magnier purchased four of the six top priced lots of the sale - the others being More Valour for A$400,000, Sevruga for A$360,000 and Graceful Anna for A$250,000.

Other top lots included Miss Keepsake (A$400,000 to Ireland's Dermot Farrington) and Born To Rock (A$300,000 to Queensland's Bowcock Bloodstock).

Over A$8 million was traded on 144 lots sold at an average price of A$56,102 (£35,180/€44,007), up 30 per cent on last year's session one average of A$43,259.

"It was a very selective market today," Magic Millions Managing Director Vin Cox reported.

"Buyers were prepared to pay for the right product.

"The disappointing aspect to the sale was that some vendors haven't come to terms with the reality of the market.

"The 68.3 per cent clearance rate is disappointing."

The second session of the sale follows on Tuesday before the first session of the National Weanling Sale on Wednesday.

 

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