Day 1 QTIS Sale – Clearance collapses to 62%

A Charge Forward colt made history when selling for $170,000 at the Magic Millions QTIS Sale on Sunday.

It’s the highest ever achieved at a QTIS Yearling Sale.  Bred and sold by Highgrove Stud, he is a half brother to Melbourne stakes winning juvenile Excitable Boy.

Bidding kicked off at $20,000 and climbed quickly toward $100,000 before Magic Millions’ Barry Bowditch outbid clients of the Tony Sears stable to buy the colt for $170,000.

Queensland grazier Ian McCauley secured the session-topper and he will stay in the Sunshine State.  “I have horses with Ben Mason and Stewart McKinnon in Queensland and Patrick Payne in Victoria.

“Ben and Stewart looked at the yearlings with me and this colt really stood out and both thought he was the pick of the sale.  I might have to toss a coin to decide who trains him!”

Day 1 trade reached $3.13 million and the average increased 6% to $24,081.  On the flip-side, Magic Millions reported the clearance rate dropped 8 points to 62%.

“The clearance rate is a measure of any sale and 62%  is extremely disappointing,” Magic Millions Managing Director Vin Cox said.  “Vendors need to evaluate where they are on horses that have a chink in their armour.

“There’s no getting away from the fact it was a tough day and that’s surprising given the direction Queensland Racing has taken particularly around the QTIS scheme.”

There were two other six-figure lots apart from the Charge Forward colt – a Real Saga – Myffa colt made $120,000 and a Denman – O’Jessie filly went for $100,000.

Day 2 of the QTIS Sale continues from 11am (Qld time) on Monday.