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MM National Weanling Sale: Over $10.5 Million Turnover

Friday, 26th May 2017

During yesterday’s opening day's action over $10.5 million was traded on 194 lots sold at an average price of $54,307 and clearance rate of 79 per cent. "It's been a very good start to the sale," Magic Millions Managing Director Vin Cox said. "It was a very even, balanced market." Cox noted, "You wouldn't say it's been an over heated market and it hasn't been a disappointing market on the other side as well. It's a good market where people can operate and trade. Those (lots) that stuck out sold extremely well - it was a very strong market." With Day-2 of the 2017 Magic Millions National Weanling Sale to commence at 10am AET today, key stats for Day-1, with 2016 in parenthesis, were:

  • Lots Catalogued: 290 (200)
  • Lots Sold: 194 (152)
  • Lots Passed In: 51 (29)
  • Lots Withdrawn: 45 (19)
  • Sale Gross: $10,535,500 ($8,303,000)
  • Top Price: $525,000 ($400,000)
  • Average Price: $54,307 ($54,625)
  • Median Price: $30,000 ($30,000)
  • Sold %: 79 (84)
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