MM National Yearling Sale Finishes Strongly

The average price is up 25.1% from last year, and a Viscount colt sets a record.

A Viscount colt topped the third and final session of the Magic Millions national yearling sale, bringing Aust$110,000 ($118,093 in U.S. funds) June 7 in Australia as the auction ended on a strong note. The colt was offered by Kolora Lodge and was snapped up by a South African client of Magic Millions for Aust$110,000, an all-time high price for the general session of the yearling sale.

Produced from the unraced Magic Of Money mare Magic Number, the record-setting yearling is a half brother to the winners Magic Digit (by Lord Dane) and Magic Eight (by Danetime). Magic Number is a full sister to Australian stakes winner Vizard.

The results for the final session included a gross of Aust$620,500 ($666,150) for the 112 yearlings that were sold. The average price was Aust$5,540 ($5,948). Compared to last year, when 72 horses were sold, the gross rose 94.4% while the average increased 25.1%.

The clearance rate rose from 66.1% in 2010 to 69.1% this year.

There were buyers at the last session from countries including South Africa, New Zealand, Korea, Macau, and the Philippines. And there were successful bidders from New South Wales, Tasmania, South Australia, and Victoria as well as from around Queensland.