Magic Millions sale
drops down a gear
TRADE through the fourth and shortest session of the Magic Millions Sale Yearling Sale, held on Saturday on the Gold Coast, was conducted at a far lower level than earlier in the week.
There had been no stopping sires Redoute's Choice and Encosta de Lago through the first three sessions but, for once, the pair had to stand to one side as a colt by young sire Charge Forward topped the day's proceedings. He was purchased by the legendary Bart Cummings for A$420,000 (€220,000 / £194,000), easily the lowest top price of the four sessions.
Offered by Corumbene Stud, the bay colt is a half-brother to the 2008 two-year-old More Than Ready colt Sebring, winner of the Group 1 Golden Slipper, the Group 1 AJC Sires produce Stakes and runner-up in the Group 1 Champagne Stakes.
Charge Forward stands at Arrowfield alongside Redoute's Choice and is marketed by his stud as the fastest winner in Golden Slipper history. He is by Red Ransom and is currently lying in second place on the leading first-season sire's list inAustralia and New Zealand.
Statistics for sessions 1-4
The aggregate for the four sessions finished just above A$66.2 million (€34 million / £30 million), a decline of 40 per cent from an aggregate of A$107 million (€56 million / £49 million) achieved in 2008. Much of of this fall can be explained by the 200-lot smaller catalogue.
The average price of A$131,632 (€68,000 / £60,000) was a fall by 16 per cent from 2008's A$157,321 (€82,000 / £72,000) . The clearance rate improved over the four sessions to 80 per cent.
Waterhouse: a busy lady
Gai Waterhouse, the trainer of Sebring, was by far the busiest buyer taking home 28 lots for a total spend of over A$7 million (€3.6 million / £3.2 million).
However, a number of other yearlings from the sale are bound for her Randwick stables as the syndicate Star Thoroughbreds, which has horses with Waterhouse, signed for 16 youngsters for A$1.87 million (€983,000 /£867,000) .
Hong Kong Jockey Club and Anthony Cummings both bought 19 horses each for A$3,410,000 (€1.7 million / £1.5 million)and A$2,670,000 (€1.4 million / £1.2 million) respectively, with leading European buyer being BBA Ireland buying five lots for $1,870,000 (€983,000 / £867,000).
Former Newmarket-based trainer Mark Wallace who has recently relocated Australia bought two lots: an Encosta de Lago filly bought in association with BlueSky Thoroughbreds for A$180,000 (€94,000 / £83,000) and a Fastnet Rock filly bought for A$170,000 (€89,000 / £78,000) with the help of BBA Ireland.
Coolmore did not sign for any lots while Darley only bought one colt, a yearling by Redoute's Choice for which the organisation paid A$600,000 (€315,000 / £278,000)
Redoute's clear leading sire by average
As expected Redoute's Choice finished the sale as the leading sire by average: 15 lots soldby him averaged A$500,000 (€262,000 / £231,000) . Progeny by Encosta de Lago, who had 28 lots sold, averaged A$309,821 (€162,000 / £143,000), while Zabeel had three lots sell (a 100 per cent clearance rate) for an average of A$200,000 (€105,000 / £92,000) . The leading shuttle stallion was Danehill Dancer whose 14 lots sold at an average of A$197,500 (€103,000 / £91,000).