More Joyous: triple Group 1 winner is a half-sister to Friday's A$1.15 million Magic Millions session-topping son of Redoute's ChoicePICTURE: Getty Images
Million dollar barrier broken at Magic Millions
THE seven figure barrier was finally broken at the Magic Millions Gold Coast Yearling Sale in Australia on Friday when Melbourne trainer Peter Moody paid A$1.15 million (£716,461/€851,130) for a son of Redoute's Choice.
Peter Moody: purchaser of the top two lots at Magic MillionsPICTURE: Edward Whitaker (racingpost.com.photos)
The colt owns a pedigree out of the top drawer as a half-brother to current Group 1 winner More Joyous and son of Australian Oaks heroine Sunday Joy. In turn, the daughter of Sunday Silence is a half-sister to multiple Group 1 winner Tuesday Joy and out of Queensland Oaks winner Joie Denise. He was sold by Strawberry Hill Stud.
"I've been able to buy the two nicest colts of the sale so I'm very happy," said Moody, alluding to his first day purchase of a A$850,000 brother to Stratum, also by Redoute's Choice.
"I probably spent a fraction more than I wanted for them but that's what you have to do to buy the nicest horses.
"He's a really lovely colt this bloke. He's got a top pedigree and I was impressed when I first saw him. He is a big, strong, running sort of horse and I would be surprised if he didn't run as a two-year-old."
His sale further extended the domination at Magic Millions of Redoute's Choice, who is responsible for each of the four yearlings to surpass the A$500,000 mark.
Despite the emergence of a million dollar lot, the sale continues fall behind the 2010 renewal. The day's trading pushed the cumulative sale aggregate to $52,551,000 for 420 lots sold, down seven per cent from the corresponding point last year. The averageis running three per cent behind last year's figure at A$125,121 (£77,379/€92,958) while the median is down five per cent at A$90,000 (£56,065/€66,606).
However, the clearance rate has steadily grown to over 80 per cent.
"The strong selling has continued in good style," said Stephen Silk, managing director of Magic Millions.
"One of the most pleasing things is to see the overall clearance rate pass 80 per cent. This is most pleasing for our vendors and also our buyers.
"It was also great to see the million dollar barrier broken today with the sale of the Redoute's Choice-Sunday Joy colt.
"Peter Moody is one of the country's leading trainers and we look forward to following his progress when he hits the track."
It was a big drop down to the second dearest yearling of the day, a son of Encosta De Lago who was sold by Widden Stud for A$360,000 (£224,261/€266,417) to the Hong Kong Jockey Club.
British-based agent Stephen Hillen was active, paying A$70,000 for a colt by Shamardal, while Dermot Farrington spent a total of A$280,000 on yearlings by Encosta De Lago and Good Journey.