With such strong numbers generated in avid sales markets this year, value has become an increasingly declining product on the buyer side of the coin. However, the two-day Magic Millions March Gold Coast sale on March 21 has quickly established itself as a reliable source of profit in recent years, with figures quickly proving that point of view.
“We’re doing the recent stats and if you go back, don’t include last year, but the previous five years, if you buy each horse at the sale in each year, all the horses Those horses add up to more prize money than what was spent on them in the ring, which is amazing,” said Magic Millions blood type manager Dane Robinson.
Much of the lucrative return on investment is due to the strength of the QTIS bounty program in Queensland, which saw cane owners race for nearly AU$79,450 (US$58,889) and ponies. AU$67,200 (US$49,809) in the Saturday urban competition for 2 and 3 year olds, while the growing supply of livestock and stallions in the state has led to to a premium product presented at the sale.
The results from the QTIS Jewel race on March 19 on the Gold Coast are representative of both, as Eureka Stud’s Spirit Of Boom claimed each AUS $500,000 feature prize on the card.
Group of 2 winners Prince Of Boom won the TAB QTIS Jewel 3YO, while She’sgottheboom coached by Steve O’Dea and Matthew Hoystead scored in the AQUIS QTIS Jewel 2YO, with four runners-up all being sent home by stallion Lyndhurst Stud Better to be ready.
Since 2018, the Queensland-based duo accounted for nearly 40% of total sales at the March QTIS sale.
“Some of the stallions are also doing very well,” says Robinson.
“Names like Spirit Of Boom and Better Than Ready are really making an impact and Brave hero is really starting to make an impact with his first season.
“So I think there’s a little bit more to be encouraged about taking the lead over the next few days in that regard.
“But the prize money is exceptional. The fillings are racing for almost AU$80,000 ($59,296) on Saturday right now and when you compare that to what you’re paying for the cubs. This horse, averaging around AU$40,000 ($29,648), it’s really a no-brainer to buy here.”
Both Prince of Boom and She’sgottheboom hit sales respectively, with Eureka graduate Prince Of Boom being sold separately after the appearance of his ring for AU$20,000 ($14,824), while She’ sgottheboom is kept for racing.
Spirit Of Boom and Better Than Ready will once again be strong in this year’s portfolio of 427 lots — all QTIS eligible — with Better Than Ready having 42 crosses cataloged, while the horse The Eureka Spirit Of Boom breed has 26 chicks listed.
For Eureka Stud’s Harry McAlpine, the success of both Prince Of Boom and She’sgottheboom is indicative of the kind of opportunity presented in this sale, an opportunity that Spirit Of Boom itself has taken since 2009. .
“Prince Of Boom passed away and we sold him after that and he made just over half a million,” McAlpine said.
“She passed and they couldn’t get AU$50,000 (US$37,060) so they cut her off with friends and friends and I think there were about 40 of them in the organization so It was a big thrill for them.
“(That’s her size and immaturity) why didn’t she reserve last year. Her mare is a big horse but a 2 year old city winner herself. It has Probably not one of the best pedigree mares has come to Spirit Of Boom but they have been rewarded.
“This trade probably produced some of the better Spirit Of Booms, and they didn’t make a lot of money. Horses like it. Boomsara who earns only AU$40,000 ($34,790) and Champagne Boom out of this sale, so here’s good value. ”
Male Toowoomba will also introduce 14 batches according to the first season male EncodeTheir firsts have averaged AU$120,000 ($88,945) to date.
“They’ve been selling really well and we’re really pleased with how the market has accepted them, especially interstate. Not a lot of people have stayed in Queensland so far, so this sale presents an opportunity.” great for local buyers to come in and buy a few Coding,” says McAlpine.
“Local buyers I think so far can’t get a lot of horses, so they seem to be saving their dollars to go and buy QTIS-eligible local horses that they can pick up. again.”
The total spiked to more than AU$14 million (US$10,376,940) in last year’s QTIS sale, nearly double the total of AU$7.78 million (US$5,766,614) ) according to the COVID-19 cloud in 2020, with 2021 sales eclipsing 2018’s ‘Boom’ sales, in which Boom’s 37-year-old Spirit Of TV series sold earnings. for more than A$6 million (US$4,447,260).
One feature of this year’s sales to look forward to, however, is a moderate increase. The recent Magic Millions Adelaide Yearling sale saw a 19% increase in that division, an increase that shows the strength of many players in the market, and Robinson sees that trend continuing here today. Now, with local buyers taking the time for this revenue.
“Last year was phenomenal, so if we can get close to that this year, we’ll be really happy,” Robinson said.
“Averages have skyrocketed across the board. Usually you’ll hit sales when the average is up but the average is down, but the average shows things are up at all levels of the market.
“It really encourages people to look around when looking at these horses. They are locally bred, not perfect specimens, but there are some lovely specimens among them and you must have one of them. You can look through a few things to find that quality.”
In addition to the local stallions, there are many provided by Capitalistand Russian revolutionwhile there are many singles provided by Extreme choice and Shalaa .
Lot 1, a filly by Pour beanswill enter the ring at 10 a.m. local time.
