Media Centre

Economic slump catches
up at Magic Millions

THE predicted retreat arrived on day two of the Magic Millions Yearling Sale on the Queensland Gold Coast on Thursday with prices sliding in line with worldwide trends.

On a day when none of the 141 yearlings offered fetched seven figures, it was left to one of the legends of Australian racing and one of the country's brightest young trainers to set the standard.

Comparative figures: magic millions sessions 1-2
YEAR CAT OFFERED SOLD % SOLD AGG AV
2009 390 352 274 78 37,716,000 137,650
2008 375 348 286 82 43,020,000 150,420


Colt from family of Last Tycoon tops day two

Top price for the day was paid by Newcastle-based trainer Kris Lees who halted the bidding on Lot 262, a bay colt by Redoute's Choice out of the Irish-bred daughter of Warning, Bal Des Sirenes, at A$620,000 (€320,000 /£288,836).


Lees, who trains Australia's champion three-year-old filly Samantha Miss, has been one of the sales' high-rollers, giving so far A$1.35 million (€696,928 / £628,688) for three yearlings.

His top-priced purchase is a three-quarters sister to the outstanding Danehill colt Britt's Best and is from the family of Breeders' Cup Mile winner and successful stallion LastTycoon, the high-class Australian galloper Zipping and Poule d'Essai des Pouliche winner Valentine Waltz.  Britt's Best was trained by Lees' late father Max.

"He's a very athletic colt," said Lees. "He's got a real chance. I don't think it was a lot of money to buy him - he's an exciting prospect."

Figures for two sessions fall from 2008
As suggested on Wednesday by Magic Millions managing director David Chester, the sale average slipped on day two due largely to the majority of high-priced lots being offerings on day one.

Despite opening the session's average finishing on a par with the results from 2008, after the first two sessions, during which 274 horses were offered, the average has dropped from the A$150,420 (€77,734 / £70, 046) acheived in 2008 to A$137,650 (€71,118 / £64,000), a fall of eight per cent. However, so far the market isstill faring better than some of the 2008 yearling sales in Europe.

Read more in Friday's Racing Post....

 

 

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TOP TEN

STALLION £ TOTAL PRIZE
King's Theatre £2,661,564
Presenting £2,439,909
Kayf Tara £2,394,918
Oscar £2,038,582
Milan £2,012,469
Flemensfirth £1,803,284
Beneficial £1,506,871
Midnight Legend £1,490,227
Westerner £1,309,297
Shantou £966,801