Average Rises in MM Sale's Fifth Session

(Edited Magic Millions press release)

The average price rose 17.9% from a year ago while the gross revenue remained about the same during the fifth session of the Conrad Jupiters Magic Millions yearling sale Jan. 11 on Australia’s Gold Cost.

While happy with the results, Magic Millions Managing director David Chester said: “I’m still adamant this auction is very much in the buyers’ favor.

“There was a top quality lineup of buyers at the sale today,” he continued, “and we were particularly pleased with the number of horses again sold to overseas clients – from Singapore, Hong Kong, South Africa, Ireland, and Malaysia.”

The 143 yearlings that sold grossed Aust$5,439,000 (approximately $3,827,968 in U.S. funds) and averaged Aust$38,035 ($26,769).  The clearance rate was 82%. Durin 2008’s comparable session, the 171 horses that sold grossed Aust$5,518,000 and averaged Aust$32,269. The clearance rate was 78%.

An Oratorio – Miss Sharapova filly topped the session, bringing Aust$165,000 ($116,127) from Ireland-based Deburgh Equine Ltd. Southern Cross Breeders consigned the yearling.

In other news, Anthony Cummings said Jan. 11 he had purchased a Redoute’s Choice – Sister Declan colt for Aust$500,000 ($351,900). The yearling, consigned by Reavill Farm, had been passed in during the Jan. 7 session.
 

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