MM Broodmare Sale Gross Rises 18.1%

But the average price declines 7.5% from a year ago.

The opening section of the 2010 Magic Millions national broodmare sale ended its three-session run June 1 with a gross that was up 18.1% from a year ago, but the average price declined 7.5%.

"Selling was tough again today,” Magic Millions managing director David Chester said in a statement. “The clearance rate slipped from the first session when it was 86%, but all in all, to finish up with the figures we have, we're pretty happy.

"Similar sales have been very tough around the region in recent times, but thankfully we worked hard attracting clients who helped compete for those lots that were less commercial to locals," he continued. "It was great to have clients from New Zealand, Hong Kong, South Africa, and the Philippines back at the Gold Coast and also to have clients from Libya for the first time."

The final results showed a gross of Aust$22,970,000 ($19,422,700 in U.S. funds) for the 442 horses that sold. The average price was Aust$51,968 ($43,942).

The clearance rate of 76.1% was down from 77.4% in 2009.

The winning Flying Spur mare Star Mystic, who finished third in the 2006 Surround Stakes (Aust-II), brought the third session’s top price of Aust$290,000 ($245,214). A full sister to Australian group I winner Alverta, Star Mystic was purchased by Vin Cox Bloodstock from Yarraman Park Stud, agent. Star Mystic is in foal to Choisir.