Day 2 Gold Coast Magic Millions – Clearance rate soars to 88%

The clearance rate soared as demand for quality continued on Day 2 of the Gold Coast Magic Millions.

A filly by Fastnet Rock and a colt by Exceed and Excel shared top billing on Thursday when they were both knocked down for $400,000.

Magic Millions Managing Director Vin Cox said he couldn’t have been happier with how the session unfolded.  “The clearance rate of 88.5% is astounding,” Cox said.  “Our job is to get as many good horse as we can in the sale and then sell them as best we can and then hope the vendors and buyers are equally happy.

“Full credit to our team in the Bloodstock Department.  It’s a very even bunch of horses and the market is telling us that.”

New Zealand based bloodstock agent Glen Harvey topped Day 2 when he joined forces with renowned horsemen Paul and Mike Moroney to buy a Fastnet Rock – Awesome Planet filly for $400,000.  She was offered by WA based Gold Front Thoroughbreds through Newgate Farm.

Paul Moroney said he was thrilled to join with Harvey and buy the filly.  “We absolutely loved her,” he said.  “I thought she was probably the best filly of the sale on pedigree and type.

“She’s a lovely athlete who stood over ground.  Whatever she looks like now, in another twelve months she’s going to be a big, strong filly.”

The other yearling to share top spot was Burnewang North Pastoral’s Exceed and Excel – Dubai Dream colt who sold to Sun Bloodstock for $400,000.  He will be trained by Gai Waterhouse .

“He’s an extremely precocious horse, very fluid when he walks and is very nicely put together,” Waterhouse said.  “It’s a very strong sale, but there’s great value.”

Newgate Farm also sold the third top priced yearling of the day when accepting $390,000 for the Fastnet Rock – Black Minx filly.  She was purchased by Segenhoe Stud.

The demand for youngsters by Yarraman Park’s leading first season sire I Am Invincible continued and he leads the sire table for three or more sold with an average price of $254,000 – a hefty price considering they were conceived off an $11,000 service fee.

The formidable Gai Waterhouse/James Harron partnership heads the buyers list with a total spend so far of $3.98 million on 22 lots.