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Book One of the Magic Millions sale has ended with a record gross and sale average

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Lots Withdrawn: 77 (82)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)

 
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