Seven days of trading on the Gold Coast ended late January 16, with more than AU$243 million (US$169,486,911) changing hands and aggregating a new record set for the Magic Millions Yearling Sale in the past seven days. another vote of confidence for the industry purebred Australian breed.
The new benchmark of AU$243.25 million ($169,661,280) for Volumes 1 and 2 also saw a new record average of AU$241,319 ($168,314) achieved after the wave Buyers made the most of the opportunity in yesterday’s two-day second session.
“It’s been an unbelievable best-selling week for us. To hit new record sales for Magic Millions with really good sales for two books – Book 1 is now at almost 90% and Book 2 is now at almost 90%. had a very strong sell-through rate of 81% and an average year-over-year increase and a substantial increase in total sales—an outstanding result,” said Magic Millions chief executive Barry Bowditch, shortly after the final lot. of 1,279 lots sold for AU$17,500 ($12,205) to Gold Coast trainer Les Kelly.
“We have to thank the suppliers who supported us with an outstanding product and the buyers who supported the Magic Million sale like never before and it’s clear that all the cogs in the wheel are gone. do that, whether it’s our team, the transport drivers, the stud staff, and everyone else in between.
“The (Magic Millions) team has been out on the streets, trying their best to get the best chicks they can and I’m delighted that all their efforts have paid off with outstanding results.”
The record for the most expensive perpetual bar sold on the Gold Coast was also broken three times at the 2023 sale: by I am invincible —booking person ponies, Lot 676 sold for AU$2.5 million ($1,743,693); the Zoustar older sister sunlight dirty, Lot 399 sold for AU$2.6 million ($1,813,440) and I’m Invincible—Anaheed colt, Lot 606 sold for $2.7 million ($1,883,188).
The record-setting pony I Am Invincible was deposited as Lot 606 in the ring at Magic Millions
There were 74 1-year-old books bought by internationals, including 26 New Zealanders, last week compared to 41 in 2022 and 58 two years ago.
There were 76 chicks purchased by foreigners in 2020, which was conducted just two months before the COVID-19 pandemic, which closed domestic and international borders in Australia and New Zealand.
While international engagement is building, Bowditch said it will take some time to match pre-pandemic levels.
“It’s going to take a while for all the internationals to get back on the table, but it’s good to see some new faces here and welcome some of the old faces back and I think we’re the envy. of the world when it comes to what we’re selling, and especially our race,” Bowditch said.
“They’re going to continue to be involved here, they’re looking at what we’re doing and our job as a sales company is to continue to invest heavily overseas and find new sources of money to fund.” bring and complement the existing market.”
One of the biggest marketing tools for sales companies is graduate success, and Bowditch is confident buyers will have plenty to cheer for—and Magic Millions will have plenty of horses to ring. dating—from the 2023 sale after they turned 2 and 3 -season five.
“I think this is the strongest category we’ve ever put together, so I’m excited about what these graduates will achieve on the track over the next two to three years,” he said.
“If we continue to do a good job for our suppliers, they will continue to sell the best items available for Gold Coast every January.”
Brett Howard of Randwick Bloodstock, who bought 11 chicks in Book 1 alongside Denise Martin’s Star Thoroughbreds for AU$2.9 million ($2,022,683), said the Magic Millions sale once again shows demand unprecedented demand from owners and trainers looking to get into the industry.
“Considering everything that’s happened in the world over the last 6 to 12 months with interest rates rising, consumer confidence falling, energy prices, inflation, etc. unchanged, it’s a great reflection of the strength of our industry.”
There were 451 ponies sold in Book 1 with an average price of AU$295,359 ($206,006) while ponies had an average price of $289,636 ($202,014) from 322 lots sold and listings. The symbol is divided into two sexes, each lot has ten seven-figure numbers.
“I think if you have a senior sister, they’re going to be very sought after here,” Bowditch said. “This is the first time I’m confident that we have a significant number of those girls.”
“They are all classy and extremely hard to buy, and I would have thought most sellers would be extremely pleased with what they got from those fillings.
“But the pony market has a lot of depth, it can be AU$300,000 ($209,243) to big numbers — there are a lot of stallion funds and people are trying to buy those ponies. to live the dream and hope they’ll be the next superstar and they’re the next stallion for their farm.”
Meanwhile, Brisbane coach Chris Munce has Ms. Coota in Magic Millions 2YO Classic Jan 19, but on Monday he added another Eureka Stud’s horse explosive spirit arrived at the barn for AU$225,000 (US$156,932), the highest priced lot in the final session of the Book 2 sale.
Consigned by Newhaven Park as Lot 1107, the foal is the third pony among the juvenile winners girouxI am the daughter of an upper-class teenager and the runner-up of Magic Millions 2YO Classic 2009 Paprika .
“Spirit of Boom is a good Queensland stallion; they’re tough, you can get them early and it’s just a nice pony. It has a nice action, a nice body and QTIS (the show). bounty) obviously helps here,” Munce said.
“Most Spirit of Booms do (go early), but he’s going to be broken into, going through the system, we’ll prepare him and hopefully we can get him to the race soon.”
Munce and dealer Arthur Hoyeau signed a contract to buy six chicks in seven days of sale.
“(The Spirit of Boom colt) will probably be in Book 2, which is a fair price for Book 2, but I think he’s worth it.
“He’s a lovely pony and he’s ready to race. We don’t have a bad sale.”
Munce hopes Ms Coota, who won the first two starts with a total of 12 and 3/4 before finishing fifth in the BJ McLachlan Stakes (G3) on Christmas Eve, can join one. Grand race in the Classics.
“She galloped this morning at Eagle Farm and did a fantastic job, so we’ll have to see what happens,” the coach turned champion jockey said yesterday.
“I’ll let Justin (Huxtable) decide how to ride her – he knows how to ride her.”
A person dirty by Alabama ExpressYulong bulls won 1st place of the first crop, sold for US$220,000 ($153,445) on Monday for the Purebred Lucky Clover.
Yulong-consigned dam, four-time winner ProntezzaShe is a half-sister with the champion of group 2 Anaheed whose first pony sold for a Magic Millions record price of AU$2.7 million on Thursday.
Alabama Express daughter (Lot 1215) will be coached on the Gold Coast by Toby and Trent Edmonds.
Toby Edmonds said: “We trained Prontezza, who came to us with some problems, but she was an absolutely good person—and I love buying young from those mares,” said Toby Edmonds. Toby Edmonds said.
“I love buying the first season brood and I just love the walk and everything about it. His mother is a big, fat person and I think, with a little time, the baby is fat. This will be built on her template.
“I hope the combination of speed with More Than Ready and fitness with Alabama Express can be quite good.”
Book 2 sales averaged AU$62,553 (US$43,629), up almost AU$5,000 (US$3,487) year-on-year, while the average was AU$50,000 (US$34,873) USD), which is equal to the sales of both 2022 and 2021. There were 219 horses traded totaling AU$13,699,000 (US$9.554,737) with a payout ratio of AU$13,699,000. 83%.
New Zealand Bloodstock will be hosting its next annual Australian sale, starting January 29, before Inglis kicks off the sale season with a Classic Sale from February 12-14.
Bowditch said: “After the last two days with Book 2, we are looking forward to what the market shows in all of those sales: first Tasmania, then Perth, then Adelaide and back here for another sale. discount in March.
“This sale is really, really solid, very healthy with great depth. There are a lot of buyers and they’re happy from start to finish, so I think that’s a good sign for the buying market. for the next two months.”
