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A record 25 mares sold for $1 million or more over three days at Magic Millions
At the close of trade on Thursday at the Magic Millions National Broodmare Sale, the auction house reported that over the two days 611 lots sold - including 25 for seven figures or more - for an aggregate of $142,459,000 at a clearance of 87 per cent and Magic Millions managing director Barry Bowditch was delighted with spirited selling over the three days.
“It was a fantastic day’s selling,” Bowditch said. “We had another five million dollar mares today.”
“Newgate had a fantastic day with Volpe Veloce at $1.9 million and two other mares making a million dollars which was a fantastic result for some great supporters of Magic Millions.”
“We are delighted with the sale as a whole. We’ve been holding the best breeding stock sale in the Southern Hemisphere for some years now, but this has taken it to a whole new level.”
With a coronavirus hit last year comparisons are difficult, but the average of $233,157 recorded represented a massive 59.2 per cent increase on the $146,397 recorded during the 2019 edition of the sale. Meanwhile, the median finished on Wednesday at $120,000 up 71 per cent on $70,000 recorded in 2019.
The comparisons are also massively altered due to the Shadwell dispersal which fetched $25,135,000 - over a quarter of the sale’s aggregate on day one of the sale on Tuesday.
Shadwell aside, Newgate Farm finished the day as the leading vendor by both aggregate and average (with three or more lots sold), selling 28 mares for total receipts of $13,205,000 at an average of $471,607.
Mr Zhang’s Written Tycoon Syndicate were crowned the leading buyers, outlying a massive $16,460,000 on 39 mares at an average of $422,051.
Interestingly showing the strength and health of the Victorian breeding industry, buyers from the state equated for 40.69 per cent of the market share, spending $57,960,500 on 192 mares, with New South Wales spending $53,936,000 on 218 mares and being responsible for 37.86 per cent of the market share.
In 2019 statistics paint a very different picture when buyers from Victoria spent $20,091,500 on 156 mares, equating for 19.28 per cent of the market share, while buyers from New South Wales spent $46,792,500 on 263 lots and finished the sale with 44.89 per cent of the market share.
