Magic Millions has concluded its National Broodmare Sale on the Gold Coast with turnover exceeding $66 million, describing the overall result as a “satisfactory market”.
The two-day sale saw consistent demand for breeding stock, with three mares selling for more than $1 million during the final session, including two in foal to sought-after sire Extreme Choice.
The in-foal section of the sale proved particularly resilient, outperforming expectations in what was anticipated to be a more volatile segment of the market.
Managing director Barry Bowditch said he was pleased with the strength and consistency of the results.
“I’m extremely satisfied, to be honest. Coming into today I was wondering where we would land with the mares-in-foal. I thought that could have been more volatile than what it was,” Bowditch said.
“I thought it was a genuine market again, clearing 80 per cent overall and averaging $220,000 at a gross of $66 million, with the median of $105,000 was up on last year, it felt that they were really solid numbers.
“It was pleasing that there was thirst all the way through to the end for the mares-in-foal.”
Bowditch noted that breeders continue to favour in-foal mares due to the perceived lower risk compared to stock already exposed to the racetrack, helping underpin demand throughout the session.
The result provides a positive indicator for the broader bloodstock market heading into the remaining Magic Millions sales on the calendar.
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