3 minute read

Median and average rise from 2019 figures.

During the Book 1 session of the Magic Millions Perth Yearling Sale, 124 of the 170 lots offered were sold for $8,841,500 at an average of $71,302 and median of $55,000. During Book 1 last year 111 lots were sold for $7,178,000 at an average of $64,667 and median of $52,500. Monday's figures represented a 10.3 per cent increase in the average and 4.7 per cent increase in median. 

Adam Durrant Racing was the leading buyer having spent $1,016,000 on 15 lots whilst Neville Parnham Racing spent $637,500 on seven lots. Western Breeders Alliance (Darling View Stud, Einoncliff Park and Westbury Park) finished the day as the leading vendor having sold 15 of the 22 lots they offered for $1,095,000 at an average of $73,000 whilst Yarradale Stud finished the day as the leading vendor by average (with three or more lots sold) with ten of the 13 lots they offered having been sold for $1,025,000 at an average of $102,500. 

WA-based buyer were most dominant, spending $5,739,000 on 89 lots, accounting for 65 per cent of the market. Buyers from New Zealand, Singapore and Hong Kong were also active. 

"It was a really solid day's trade today," Magic Millions Managing Director Barry Bowditch said. 

"The huge average of over $71,000 is well up on last year and the gross of over $8.8 million is impressive considering we grossed $2 million less last year.

"It's a disappointing clearance rate, which will improve over the next 24 hours.

"As the results indicate everyone was playing a part - from the locals to our interstate and international visitors.

"It was a great result today for one of the state's most celebrated breeders in Ellie Giles. We couldn't be more thrilled for her to top the sale.

"Tomorrow's (Tuesday's) sale will present so many opportunities to buyers considering the healthy prizemoney and incentives around the state," Bowditch added.

Book 2, the second and final day of the sale, will be held on Tuesday.