Tough going at final Magic Millions session
THE final and fourth session of the Magic Millions Yearling Sale in Perth, Australia, ended on a tough note on Sunday with 64 per cent of those offered listed as changing hands.
A colt by promising young Fusaichi Pegasus stallion Flying Pegasus, who received a timely endorsement on Saturday when first-crop daughter Western Fever won the $250,000 Magic Millions Perth 2yo Classic, topped the session when selling for A$30,000 (£18,794/€22,287) to agent John Chalmers.
Consigned by Touchstone Farm, the colt is the first foal out of the Canny Lad mare Akkachar.
Although the aggregate rose marginally to A$903,700, the average dropped by five per cent to A$6,898 (£4,321/€5,124) and clearance rate slid from 75 per cent to 64 per cent.
"It was a real buyers market at Belmont today," said Magic Millions acting managing director David Chester.
"Obviously again the clearance rate was lower than we would have liked - but this has been the case at similar sessions across Australasia over the past 12 months.
"Overall we've finished up with pleasing results for the entire four day sale."