Average Rises 42.7% as Perth Sale Ends

The gross for the Magic Millions auction, held in Australia, declines 5.7%.

(Edited Magic Millions press release)

The fourth and final session of the Magic Millions Perth yearling sale posted a 42.7% increase in average price from a year ago Jan. 31 in Australia. With fewer horses being sold, the gross revenue declined 5.7%.

A Hartley’s Spirit–Iron Queen colt and an Untouchable–Warshawsky colt each brought Aust$34,000 ($30,021 in U.S. funds) to top the session. Brent Larsson purchased the Hartley’s Spirit colt from Bellbridge Park. K.L. Chong, a leading Malaysian trainer, bought the Untouchable colt from Mungrup Stud, agent.

The session’s results included a gross of Aust$836,500 ($738,596) for the 115 yearlings that sold. The average price was Aust$7,274 ($6,423). In 2009, the 174 horses that sold grossed Aust$887,050 and averaged Aust$5,098.

The clearance rate rose from 60.6% last year to 74.7% this year.