Tasmanian Magic Millions average rises 44%

Hobart based owner Paul Geard purchased the top two priced lots at the 2010 Tasmanian Magic Millions in Launceston on Tuesday.

Geard paid $80,000 for a Clangalang colt (Lot 153) offered by Armidale Stud from Tasmanian One Thousand Guineas (LR) winner Genuine Blonde.  The mare has already foaled recent Elwick 2YO Stakes (LR) winner Radha Rani (Delago Brom).

Clangalang stands at Eliza Park and is the sire of the Geard’s recent Tasmanian Derby winner Geegees Blackflash.  “We’ve had some good success in recent weeks with progeny by the sire and this colt was a really nice youngster,” Geard said.  “He’s very athletic and will go to John (Luttrell) who trained the Derby winner for us.”

Geard his wife Elizabeth also paid $67,500 for a Dash for Cash half brother to recent Flemington stakes winner Silver Bullion.

There were healthy increases across at all levels at the sale with the average price of $14,193 up 44% on last year’s auction.  Turnover of $1.49 million was up 66% and the clearance rate increased 7 points to 70%.

Magic Millions Managing Director David Chester was more than happy with the final results.  “Things were tough early,” Chester said.  “But the bidding got stronger as the sale went and the nice horses in the sale certainly had plenty of admirers.”

There was a large group of buyers from the mainland at the sale and they included Denise Martin (Star Thoroughbreds), Darren Weir, John McArdle (Redgun Racing), Bruce and Jean Purcell, Ken Keys and Bryan Muschialli.