|
It’s been a tough start to the Magic Millions National Sales on the Gold Coast, with disappointing results at the weanling sale.
Over the two days of the “select sessions” , 281 weanlings changed hands at a sale gross of $7,355,000 at an average price of $26,274 and clearance rate of over 70 per cent.
That’s down on last year’s average price of $37,563 and 85% clearance rate.
Magic Millions Managing Director Vin Cox said the absence of a number of regular buyers due to the high Australian dollar was having an impact on prices across the board.
“The most significant impact on the sale has been the reduced participation from traditional supporters – mainly New Zealand buyers.”
Day 3 figures weren’t as disappointing. That sale grossed $442,200 on 91 lots at an average price of $4,859 – over 20 per cent higher than last year’s figure. At the Broodmare sale which was held from Sunday to Tuesday, the clearance rate was 77%, compared to 85% last year.
On day one, almost $7.4 million was traded on 171 fillies and mares at an average price of $43,259. Last year’s average was $52,196.
Today’s results were slightly better with the average price $48,269 compared to $$54,697 last year with a 76.1% clearance rate, slightly down on the 78% of 2010.
Tomorrow wraps up the Broodmare section with bidding underway from 10am.
Buyers chasing a bargain look set to find one at the National Yearling sale with 673 lots to go under the hammer from June 5-7.
|
