The Magic Millions Adelaide Yearling Sale's second session Tuesday kept apace with Monday's strong opening session, once again posting increases across the board. The cumulative statistics for Book 1 of the sale–the first two days–showed 237 yearlings sold for A$10,279,500, up from the A$6,645,500 paid for 205 youngsters a year ago. The buyback rate dropped to 15.7% from 20.2%, while the average was up 34.2% to A$43,737 and the median climbed 36% to A$34,000. A total of 20 lots made six figures over the first two days–a record for the sale.
“It's just been a really good result for a lot of people,” Magic Millions Managing Director Vin Cox said. “The average is up 33% and the turnover is up 54%. The thing that was so positive was the depth of the market and the consistency of the market. A lot of people had some very, very exciting results and it's tremendously rewarding from a Magic Millions point of view to see such emotion running around the sale ring.”
“It's not about now and today and how well we've done,” Cox continued. “It's about what we can do with this sale and where we can take it and I think that is the exciting thing. It's probably the best venue in Australia to sell horses–it's nice and tight–it's a great complex and Adelaide is a great place to have a sale. Everyone has a lot of fun over here. We can really build on this and take it somewhere.”
The session's top-priced lot was lot 216, a Hard Spun colt from Glenelg Park hammered down to John McArdle's Redgum Racing Stable for A$160,000. The bay is out of Miss Chard (Aus) (Al Samer {Aus}), an unraced full-sister to Group 3 winner Mr Chard (Aus). McArdle likened the colt to a pair of others in his stable by the same sire.
“He's a good athletic, strong, running-style colt, and having Beau Rada and Power Trip by the same sire at home, this bloke was another nice horse to take home,” the trainer said. “There's his good female family as well. His half-brother has done the job as a 2-year-old so we'll take this bloke home, break him in and see how we go.”
South Australia's Mill Park Stud enjoyed a strong start to the sale when selling three six-figure yearlings on day one, and that operation produced lot 207, an All Too Hard (Aus) half-brother to its flagbearer Happy Trails (Aus) (Good Journey). That colt sold to Rosehill-based trainer Gary Moore for Asian clients for A$150,000.
“I thought he was a beautifully balanced colt and I'm sure he's going to do very well for the stable back in Sydney,” Moore said.
The sale's one-day Session 2 takes place Wednesday.
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