The strong buying trend at the 2010 Magic Millions Gold Coast Yearling Sale continued today with increases across the board for the Session Five sale.
A Break the Vault half sister to classy young gallopers Temple of Boom and Spirit of Boom brought the highest price of the day when knocked down to a Queensland based client of Magic Millions for $200,000.
A number of other yearlings sold for over $100,000 and helped the sale gross over $6.7 million and average $42,258. The clearance rate was over 83 per cent.
Magic Millions Managing Director David Chester said today’s sale was one of the strongest for the company in recent years.
“I couldn’t be much happier with the results achieved today,” Chester commented. “There was spirited bidding throughout the sale.”
“To have the average increase over 10 per cent on last year’s figure is fantastic – there was a great buying bench on hand and they competed for some top racetrack prospects.”
“Also very pleasing was the clearance rate of over 83 per cent. A high clearance rate shows the right balance between vendors and buyers and to have five days of selling with a clearance of 83 per cent is wonderful.”
A number of interstate and international clients attended today’s Session Five sale and were actively bidding on lots that interested them.
Interstate trainers among buyers included Paul Perry, Barbara Joseph, Matthew Dale, Robert Smerdon, John Sadler, Gabrielle Englebrecht, Pat Webster, Matthew Smith and John Hawkes.
Leading syndicators Star Thoroughbreds, Slade Bloodstock, Prime Thoroughbreds, Blue Sky Thoroughbreds, Racenet Bloodstock and Darby Bloodstock were also among the successful buyers.
On Thursday the Bundall sales complex will play host to the sixth session sale and then on Friday the Summer Carnival Thoroughbred Sale will be held.