Almost $700,000 was traded on the of the Magic Millions National Sale at the Gold Coast on Tuesday bringing to an end the record breaking event. The final session of the National Yearling Sale grossed over $319,000 on 72 lots sold – while the National Racehorse Sale brought in another $380,000 on 40 sales.
Turnover for the 10 Day auction rounded out at $48.75 million. It was an increase of $14.20 million on last year’s sale.
The top price during the third session of the National Yearling Sale was $25,000 by Matthew Dunn for a cracking Half Hennessy colt from Caminha.
As expected international Group One performer Dao Dao topped the National Racehorse Sale when selling to Melbourne bloodstock agent David O’Callaghan for $90,000.
Other lots popular during the Racehorse Sale included Sequalo Revenge ($37,000 to Edward O’Dwyer) and Mazuka ($36,000 to Tom Hedley).
“The total gross for the sale is up over 41% – that is a great result,” Magic Million CEO David Chester reported. “The sale came at a time when the stock market had taken a hit and the proposed mining tax was announced by Kevin Rudd.”
“Similar lead up style sales around Australasia had been very tough and we were expecting plenty of tough times. But it is great to see the sale has exceeded the expectations of many – including mine.”