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Magic Millions GC Days 3 & 4: Average Finishes Well Up

Monday, 14th January 2013

Some big buys on Friday (Day-3) & Saturday evening (Day-4) ensured that the 2013 renewal of the Magic Millions Gold Coast Premier Yearling Sale finished with a 7 percent increase in average ($136,172 v $127,175). The median stayed pretty much the same throughout the 4 days of selling, settling at $105,000, up 5 percent over 2012, while the gross grew 8 percent to $67,677,500. Gai Waterhouse & James Harron were the leading buyers, contributing 10 percent of the sale's turnover. "It's been an extremely strong sale," Magic Millions managing director Vin Cox commented. "It was pleasing to see the clearance rate climb again. Tonight's session was very strong and from a catalogue of just 90 lots, for the average to rise again from yesterday is terrific. It was great to see the support of many newer players - both as vendors and buyers..." The positive result creates a clear lead for the rest of the year's major sales yet to come, including next weekend's Inglis Classic Summer Sale, and NZB's National Sale at Karaka a week later.

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