In all during the fourth session, 149 horses were sold for a gross of $12,731,500 and an average of $85,446. Through four sessions, 521 horses have been sold for a gross of $44,298,000 and an average price of $85,025, which compares with an average of $87,610 last year (down by approx. 3%). The clearance rate also fell by 4% to 83%.
Magic Millions managing director Don Hancock said "Given the world circumstance of the latter part of last year, we considered it business wise to expect a sizeable fall in results and we astutely budgeted accordingly".
"Obviously we did not want to see a drop in the clearance rate, because it means more yearlings did not sell, but we did catalogue 47 more lots than last year", Hancock said. "It is pleasing though that the average price has held up so well and overall the sale was solid enough".
"We did see too many yearlings come to the sale backward in development, and some vendors had unrealistic reserves".During the auction's third session on Saturday, a Zabeel--Warning Express colt and a Timber Country--Valourina filly each brought $310,000. In all, 85 horses were sold during the third session for a gross of $3,536,641, an average of $41,489.