Magic Millions, the low commission pioneers of thoroughbred sales in Australasia, are delighted to announce reduced commissions for the 2011 National Weanling and Broodmare Sale.
The sale, scheduled to be held from May 23 on the Gold Coast, annually presents an outstanding line up of weanlings, yearlings, race fillies, broodmares, stallions and race horses.
Attractive new commission rates for the National Weanling and Broodmare Sale prove extremely attractive to Magic Millions’ loyal clients.
Lots who sell for prices under $150,000 will be the subject of a 6.6% commission rate – that rate drops to 3.3% for sales of $150,000 or more.
There is no commission on lots passed in at the National Weanling and Broodmare Sale.
Paul Knight, Magic Millions’ Bloodstock Manager, said the reduced commission rates would be welcomed by breeders and vendors.
“We know it’s a tough time for breeders and we have duly responded by announcing the best rates available,” Knight said.
“Magic Millions are the low commission pioneers in this region and we think we’ve found rates that will prove attractive to our clients.”
“The National Weanling and Broodmare Sale is the best of its type in the region – popular with sellers and buyers alike.”
“Already we’ve had strong interest from vendors and with these reduced commission rates announced we’re sure that interest will grow,” Knight added.
Anyone wanting more information on the new commission rates should contact the Bloodstock Department of Magic Millions.
Details of the reduced commission rates and entry fees follows:
COMMISSION RATES
2011 National Weanling & Broodmare Sale
6.6% below $150,000
3.3% from $150,000 and above
0.55% on all lots sold for Inward Buyers’ Levy (Promotion Fee)
0.385% on all lots sold for TBA Levy
No passed-in commission
Nomination Fees:
National Broodmare Sale
$1,650 – Select Session
$550 – General Session
National Weanling Sale
$1,100 – Select Session
$550 – General Session
To access online entry forms for each section of the 2011 Magic Millions National Sale click the appropriate link:
National Weanling Sale
National Broodmare Sale
National Yearling Sale
Entries for all sales close on March 4.
