Aussie Weanling Sale Ends With Big Increases

Third session average price soars 71% from a year ago.

The Magic Millions National Weanling Sale ended May 28 in Australia with increases of 66.7% in gross revenue and 71% in average price from a year ago during its third session.

A Sequalo – Porsha colt brought the top price of Aust$30,000 ($25,212 in U.S. funds). J & I Bloodstock of New Zealand purchased him from E.J. and M.A. Nolan.

"Buyers today at the Gold Coast would have been delighted with the value that was on offer," said Magic Millions managing director David Chester. "We had weanlings sell from everywhere between Aust$500 ($420) and Aust$30,000. The attractive youngsters were well sought out by buyers from both Australia and New Zealand."

The third session’s final figures showed a gross of Aust$318,550 ($267,709) for the 77 weanlings that sold. The average price was Aust$4,137 ($3,477).

The clearance rate of 81.9% was up from 80.6% in 2009.