Magic Millions Sale Ends With Record Gross
(Edited Magic Millions press release)
The record-breaking 2007 Conrad Jupiters Magic Millions yearling sale ended Jan. 19 in Australia on Queensland's Gold Coast. More than $2 million was traded in the final session to push the overall sale catalogue gross to Aust$124,475,450 ($98,360,541).
Magic Millions managing director David Chester said he was thrilled with how the sale continued strong for the entire eight sessions.
"It really has been an outstanding sale," Chester said. "Right from the first lot last Tuesday through the first five sessions and again this week with the sixth, seventh and eight session."
More than 80 per cent of the final session's offerings were sold to push the overall session six to eight clearance rate to an improved 78.32 % (it was 76.5 % with a smaller catalogue last year).
The average price also increased to Aust$17,227 and the final sessions' aggregate leapt a massive 46 % to just shy of Aust$7 million.
Ron Maund, bidding for the O'Brien family's Lauriston Thoroughbred Farm, was the buyer.
This year's 2007 Magic Millions sale was hailed by Chester as one of the finest sales ever conducted in the history of the Australian bloodstock industry.
"To have records across every section of our largest ever catalogue is a remarkable achievement," Chester said. "I'm very much looking forward to our next feature sale at Perth next month. Already the interest has been terrific, and the buyers who do attend will be delighted with the stock that will be on offer.
"It's been a magical couple of weeks, and we'll be doing everything we can for our clients for this to continue through to the end of 2007."
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