A Redoute's Choice filly sold for $280,000 ($251,580 in United States funds), the highest price from Book 2 on the fifth day of the Magic Millions Gold Coast yearling sale Jan. 12 in Queensland.
Book 2 immediately followed the strong four-day Book 1 sale, which concluded Jan. 11 with all three key financials in positive territory, and buyer demand kept the clearance rate above 80%.
Total receipts for Book 2 were up 28.2% from last year at $9,537,000 ($8,585,288) for 199 horses sold. The average price of $47,924 ($43,142) increased 3%, while the clearance rate improved from 77% last year to 83.3%.
"The momentum of Book 1 rolled into Book 2 and all numbers are up across the board," Magic Millions managing director Vin Cox said.
Offered by Arrowfield Stud, the filly out of the stakes-winning Encosta de Lago mare Flame Of Sydney was knocked down to Joe O'Neill of Prime Thoroughbreds.
A half sister to 2013 Coolmore Stud Stakes (Aus-I) runner-up Not Listenin'Tome, the filly is the fourth foal out of Flame Of Sydney, who was twice group-placed.
"She was a standout filly today who has a lot going for her," O'Neill said. "She has a lovely hindquarter and if she does the right thing on the track, she will develop into an outstanding broodmare of the future."
The 2014 Magic Millions Gold Coast yearling sale and carnival will conclude Jan. 14 with a final smaller yearling session followed by a racehorse sale.