Book One of the Magic Millions sale has ended with a record gross and sale average for the four days at the Gold Coast.
There were 10 million dollar plus yearlings sold in the first three days with a Redoute’s Choice colt fetching $900,000 at the final session on Saturday night.
The $900,000 colt confirmed Arrowfield Stud as the leading vendor with their 54 lots selling for almost $16 million.
Arrowfield produced the sale-topper, a Deep Impact colt from stakes winner Honesty Prevails who sold for $1.9 million.
The auction also raised $1.1 million for bushfire relief from various activities including $500 from all vendors who sold yearlings.
Across the four days the gross was 177,407,000 for 709 lots sold at an average of $250,221. The clearance rate sits at over 87 per cent.
“It’s been an amazing sale really,” Magic Millions managing director Barry Bowditch said.
“It’s just a fantastic result. For the first time ever to have a quarter of a million average at this sale, given the sale has 888 lots in it, it’s an awesome result.”
“Leading into the sale, a lot of the buyers were very positive about the catalogue.”
Book Two begins on Sunday.
STATISTICS:
(2019 in brackets)
Lots Catalogued: 888 (888)
Lots Sold: 709 (707)
Lots Passed In: 102 (99)
Lots Withdrawn: 77 (82)
Top Price: $1,900,000 ($1,700,000)
Sale Gross: $177,407,000 ($169,545,000)
Average Price: $250,221 ($239,809)
Median Price: $180,000 ($170,000)
Sold %: 87.4 (87.7)
