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Rises across-the-board at Millions racehorse sale

MELBOURNE winner Resetable was the star turn of the Magic Millions National Racehorse Sale on the Gold Coast in Australia on Thursday, selling for A$160,000 (£103,216/€115,948).

Victorian trainer Eric Musgrove secured the four-year-old son of Zabeel, who was sold by Hudson Conway Racing as the winner oftwo of his four starts.

"He's a lightly raced and highly promising young galloper who has already won in Melbourne from just four starts," said Musgrove.

"He has a lovely pedigree and he's a nice horse to go on with."

Musgrove also purchased the only other horse of the day to surpass six figures, the stakes-placed Weighted. Musgrove had to go to A$125,000 (£80,620/€90,572) for the son of Encosta de Lago, who was also offered by Hudson Conway Racing.

"He's in a similar mould to Resetable," said Musgrove. "He is lightly raced and is already a black-type galloper."

"He looks to have a really nicefuture and he's a promising stayer of the future."

A 53 per cent increase in the number of horses sold contributed to a massive 300 per cent increase in gross to A$1,164,700 from 2010. The average price rose 45 per cent to A$13,703 while the median increased by 50 per cent to A$4,000.

"It was a really solid day's selling," said Vin Cox, managing director of Magic Millions. "There was a good crowd of buyers on hand from around Australia and it was good to see great competition on some quality racing prospects."

 

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