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MMGC Yearling Sale Rolling Average $249,032

Friday, 10th January 2020

After the first two days of selling, the 2020 Magic Millions Gold Coast Yearling Sale gross grew to over $104 million with an average price of $249,032 for 419 lots sold. The clearance rate has now grown to over 86 per cent. "I think today was one of the strongest selling days we have had here at Magic Millions in the history of the sale," Managing Director Barry Bowditch said. "There's great depth to the market and there's plenty of phenomenal results out there. I think the results as they stand now set us up for a great last two days of Book 1.” Meanwhile, those attending Friday’s session will be able to bid for seven amazing items in a silent auction as part of the Magic Millions Bushfire Appeal. The silent auction, with items collectively valued at over $65,000, is located at the back of the auditorium and bidding will end at the close of today’s auction. Key statistics thus far are below (2019 days 1-2 in brackets):

  • Lots Catalogued: 524 (530)
  • Lots Sold: 419 (412)
  • Lots Passed In: 66 (72)
  • Lots Withdrawn: 38 (46)
  • Sale Gross: $104,344,500 ($103,650,000)
  • Top Price: $1,900,000 ($1,600,000)
  • Average Price: $249,032 ($251,578)
  • Median Price: $180,000 ($180,000)
  • Sold %: 86 (85)
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