at Magic Millions
SESSION five of the Magic Millions Yearling Sale on Australia's Gold Coast produced some spirited bidding onSunday that led to across-the-board increases.
All told, 83 per cent (159) of those yearlings offered sold for a total of A$6,719,000 (£3,876,628/€4,311,894). The average rose ten per cent to A$42,258 (£24,381/€27,118) while the median increased 31 per cent to A$34,000 (£19,616/€21,819).
A filly from the second crop of Break the Vault - a Redoute's Choice half-brother to Zabeel - headed the fifth session when knocked down for A$200,000 (£115,393/€128,349) to Magic Millions on behalf of a Queensland-based client. The filly is a half-sister to the Listed-placed Temple Of Boom.
A colt by Fastnet Rock also proved popular, selling for A$160,000 (£92,314/€102,649) to Patrick Lee of Macau.
"I couldn't be much happier with the results achieved today," said David Chester, managing director of Magic Millions. "To have the average increase over ten per cent on last year's figure is fantastic.
"Also very pleasing was the clearance rate of over 83 per cent. A high clearance rate shows the right balance between vendors and buyers and to have five days of selling with a clearance of 83 per cent is wonderful."