Magic Millions Yearling Sale draws to an end
THE seventh and final session of the Conrad Jupiters Magic Millions Yearling Sale concluded on the Gold Coast of Australia today.
During the session 118 yearlings changed hands for a total of A$1,105,000 (£498,400/€560,000) at an average of A$9,369 (£4,244/€4,753). The clearance rate was a healthy 78 per cent.
Last year's Magic Millions sale consisted of eight sessions, making direct comparison difficult. However, this year's average for the seventh session was 22.3 per cent down on the combined average for sessions seven and eight in 2008.
The top price paid during today's final sesion was $50,000 (£22,667/€25,391), given by local buyer Gavin Duffy for a colt by Jet Spur.
Magic Millions managing director David Chester was pleased withthe sale, which began ten days ago. "It's been a great sale," he said. "We were glad to have such strong figures after a very uncertain outlook leading into the new year.
"We worked extremely hard to attract the best possible buying bench to each day of the sale and we are sure those buyers have been delighted with the value on offer.
"While the prices today in particular were much lower than last week, the beauty of a Magic Millions catalogue is the variety of stock on offer. There's something for everyone. It's not an elitist type sale, we welcome everyone to the Gold Coast and we try to make sure there's a horse for all."