Danehill Colt Tops Final Session of Record Magic Millions Sale

Edited from Conrad Jupiters releases
A number of records were shattered Sunday when the Conrad Jupiters Magic Millions Yearling Sale came to a close on the Gold Coast of Australia.

The sales company reported an average price of $110,063 (about US$85,519), which was up 19.5% from last year. The gross receipts for the sale passed $60 million for the first time, rising 23.9% to $62,075,500 ($48,232,664).

A total of 564 yearlings were sold during the four sessions, for a clearance rate of 85.45.

"This is an absolutely tremendous result for Magic Millions," managing director David Chester said. "We were hoping to crack the $100,000 average level, but never dreamed of getting over $110,000."

Chester said an improved catalogue and a strong representation from international buyers contributed to the record numbers.

"Our catalogue this year was superior to any we have assembled in Magic Millions history," Chester said. "But I'm sure one of the main reasons behind the healthy increases is the fact buyers are realizing this sale is number one for results on the track. Graduates of past Gold Coast Yearling Sales have excelled on the track in recent times."

A Danehill colt from Marigot Bay became the second highest priced yearling to be sold on the Gold Coast when purchased by Mark Pilkington for $1,050,000 (US$850,815) to top Sunday's session.