Buyers were plentiful but discriminating at the Magic Millions National yearling sale, which saw overall declines in total sales, average and clearance rate at the close of the final of two select sessions June 5.
There were 290 horses sold across two days on the Gold Coast. Total receipts were down 21% from last year's select sale to Aus$10,082,000 ($9,404,411 in U.S. dollars). The average price was off 13% at $34,766 ($32,425). The clearance rate slipped from 73% in 2013 to 70%.
"The market is a discerning judge and will not participate on horses that have a flaw for whatever reason," Magic Millions managing director Vin Cox said. "Having said that, there is $10 million in breeders' pockets from the National yearling sale.
"There was a wide and varied buying bench that participated from as far afield as South Africa, Singapore, Hong Kong, the Phillipines, New Zealand, Korea, and from around the country, and I congratulate them for their spirited bidding on the quality lots."
The highest-priced horse at the final session was an Encosta de Lago filly that sold for $250,000 ($233,135 in United States funds) to New Zealand horseman Graeme Rogerson.
The youngster, a chestnut/gray offered by Baramul Stud, is the first foal out of stakes-placed Rendzina, by Testa Rossa. Rendzina posted a 5-4-4 record from 36 career starts for Rogerson and earned Aus$223,000 racing from ages 2 through 7. The session topper's second dam is the winning Octagonal mare Capto, a half sister to group I winner sprinter Khaptingly.
Arrowfield Stud's filly by Redoute's Choice
out of 2010 Crown Oaks (Aus-I) winner Brazilian Pulse
sold for the day's second-highest price of $170,000 ($158,569) to Blue Sky Bloodstock and trainer Danny O'Brien. The filly is the first foal out of the Captain Rio mare Brazilian Pulse, who earned more than Aus$1.13 million.
The select sale's highest-price horse was Coolmore Stud's filly by Fastnet Rock—Dragon's Tail, by Galileo, that sold opening day June 4 to Akau's David Ellis and Jamie Richards $300,000 ($278,011).
The National yearling sale continues June 6 with a general session.