NEWS
Magic Millions Adelaide yearling sale up 20.9% in average
Posted: Wednesday, March 10, 2010 6:49 PM
The Magic Millions Adelaide yearling sale finished on Wednesday with a 20.9% increase in average price to $18,802 ($20,522 Australian) in Morphettville, Australia.
Shortened from three days in 2009 to two in ’10, the sale closed with 251 yearlings reported as sold from 330 offered for total sales of $4,719,280 ($5,151,000 Australian). Although the total was down 8.6%, 113 fewer horses went through the ring.
The buy-back rate was 23.9%, compared with 25.1% last year.
The sale topper was a filly by freshman sire Stratum out of the Barathea (Ire) mare Show No Restraint. Trainer Lloyd Kennewell purchased her for $136,132 ($150,000 Australian) from Baramul Stud on Tuesday.
Wednesday’s session saw 114 yearlings sold for a total of $1,356,415 and an average of $11,899 ($12,987 Australian).
“The buyers were out in force today at Morphettville and got some great value,” Magic Millions Managing Director David Chester said. “Quality individuals were well sought out and were the subject of spirited bidding.
“The Adelaide sale has a proud history and is regarded as one of the best value sales in the Southern Hemisphere. It is the sale where buyers can come and buy themselves a racetrack star for a price much lower than elsewhere around the country. South Australian-bred horses have a proud history of winning feature races around the country and world, and this is bound to continue into the future.”
For full sale results, click here.
