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Magic Millions 2YOs Final Average Up 11.4%

Friday, 29th October 2010

Overall during the Magic Millions sale, 216 2YOs sold for $8,314,500 (up 9.8% on last year). The average of $38,493 was up 11.4% & the clearance rate was 71.3% (last year 72%). Magic Millions managing director Stephen Silk commented: "We had a strong buying bench from around Australia & overseas & there's no doubt they have snapped up some great value purchases. This sale has great attraction to our Asian clients; thus to have finished the sale with an increased gross & a higher average price is a great result considering the high Australian dollar."

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