The Magic Millions national weanling sale got off to a rousing start in Australia May 26. The gross during the first session was up 93% from a year ago, and the average price rose 50.5%. The clearance rate was 89%, an increase from 80% in 2009.
Magic Millions managing director David Chester was delighted with the proceedings of the first session and was looking forward to the May 27 second session.
"We had some lovely weanlings go under the hammer today and they attracted plenty of bids,” said Chester. "To have the clearance rate at almost 90% in this climate is pretty extraordinary. So many of the weanlings on offer exceeded their reserves by large amounts."
The 209 horses that sold grossed Aust$7,743,500 ($6,310,050 in U.S. funds). The average was Aust$37,050 ($30,191).
An Encosta de Lago colt out of 2004 Light Fingers Stakes (Aust-II) winner Sharp (by Danzero) brought the top price of Aust$300,000 ($244,465) from Magic Millions, as agent. Bylong Park Thoroughbreds consigned the brown weanling.
"He's by a champion sire and from a former top class mare trained by John Hawkes," said Bylong Park general manager David Burke. "He is probably the horse of the sale. He's a beautiful mover who is going to make up well later on."
Nineteen weanlings in the Stratheden Stud dispersal sold for a gross of Aust$950,250 ($774,343). The average was Aust$50,013 ($40,755).
A Fastnet Rock–Tivoli Dancer colt brought the second highest price of $170,000 ($138,530). Curraghmore Stud of New Zealand purchased him.