Resetable brought Aust$160,000 ($171,400 in U.S. funds) June 8 to top the Magic Millions national racehorse sale in Australia. The auction firm reported that “records were broken across all levels” during the sale.
The gross for the 85 horses that were sold was Aust$1,164,750 ($1,247,740), which was up 206.5% from a year ago. The average of Aust$13,703 ($14,005) rose 77.8%.
The clearance rate increased from 87% in 2010 to 90.4% this year.
"It was a really solid day's selling," said Magic Millions managing director Vin Cox. "There was a good crowd of buyers on hand from around Australia and it was good to see great competition on some quality racing prospects.
"The national racehorse sale is one of the fastest growing in the Southern Hemisphere and we are sure graduates from this sale will help see this growth continue into the future."
A 4-year-old gelded son of Zabeel, Resetable has won two of his four career races. His dam, Assertiveness (by Danehill), is a half sister to Australian champion Assertive Lad (by Zeditave) and Australian group I winner Assertive Lass (by Zeditave).
Victorian trainer Eric Musgrove purchased Resetable from Hudson Conway Racing.
"He's a lightly raced and highly promising young galloper who has already won in Melbourne from just four starts," Musgrove said. "He has a lovely pedigree and he's a nice horse to go on with."