Magic Millions Adelaide Sale enjoyed increases across the board
At the close of trade on Tuesday, Magic Millions reported 164 lots sold at a clearance of 84 per cent, compared with last year where 180 lots sold at clearance of 76 per cent. The aggregate was $9,149,500, a 25 per cent rise on $7,313,000 12 months ago with nine per cent fewer horses sold this year. The average was up a massive 46 per cent, sitting at $55,790 compared with the $38,070 for Book 1 last year, while the median was $40,000 up 33 per cent on $30,000 recorded at Book 1 12 months ago.
In terms of deciles, the single largest growth was experienced in the top decile for fillies - in 2020 the average price was $93,542 which this year grew a massive 121.83 per cent to $207,500 this year. There were also gains on top end for colts which grew 43.43 per cent from last year’s average of $123,750 and stood at $177,500 at the close of trade on Tuesday. Increases were seen in all deciles.
Magic Millions managing director Barry Bowditch said he was pleased with the day's trade and described it as ‘fantastic day for South Australia’.
“We are absolutely delighted,” Magic Millions Managing Director Barry Bowditch said. “Today was a fantastic day for South Australia on the back of what the team at Racing SA is doing with Racing Rewards and turning racing around in the state.
“It’s a huge confidence booster and we’ve seen the local trainers get right behind the sale and pushing hard on these very good horses and I think that gives the breeders in South Australia a lot of confidence to reinvest and to continue on and support this sale more heavily in the years to come.
“The Magic Millions team has done a good job selecting the catalogue this year. I know a lot of buyers have got long lists and that gives me confidence that the selection for the catalogue is very good.
“The three big sales for the day were from Goldin Farms and Willow Grove Stud and all their yearlings are at this sale. They’ve sold their best here.
“I’m thrilled for Pan Sutong and Jeff Gordon (Goldin Farms) who made the call to sell an outstanding Fastnet Rock colt here in Adelaide and they got rewarded and justifiably so.
“Ralph Satchell is a fantastic supporter of Magic Millions Adelaide and the industry in South Australia in general, so for him to get a result like his was pretty surreal for him at the time, I am thrilled.
“These are two hard-working groups who are investing and bringing their horses here, for them to get a result is exactly what we’ve been striving for a while now.
“Tomorrow we have got some great horses in Book 1 and there’s a really solid group of Book 2 horses. The market’s set now, it’s strong and you’d think the key figures would stay in line with where they are now,” Bowditch added.
Goldin Farms finished the day as the leading vendor by both aggregate and average (with three or more lots sold) having sold seven yearlings for $1,199,000 at an average of $171,286.
The leading sire by aggregate was the Cornerstone Stud-based shuttler Sir Prancelot (Tamayuz), who had 11 yearlings sell for an aggregate of $554,500 at an average of $50,409, while the leading sire by average (with three or more lots sold) was the Sun Stud-based sire Palentino (Teofilo), who had three yearlings sells for an aggregate of $445,000 at an average of $148,333.
The sale’s leading buyer was Tony Fung Investments and Annabel Neasham Racing spending a record-breaking $525,000 on a colt by Fastnet Rock (Danehill), while Kavanagh Racing was the next on the leading buyers sheet, outlying $466,000 on nine yearlings.
