The 2021 Magic Millions Yearling Sales are off to a flying start on the Gold Coast, with a whopping $35 million splashed on horses on the opening day.
Organisers of the event are hoping for another big day when the sales continue this morning, after one horse was auctioned for a record breaking $1.9 million on Tuesday.
The colt, consigned by Widden Stud, was purchased by Coolmore’s Tom Magnier after an entertaining bidding battle.
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“He’s a really nice horse… I think all the top people were on him and we’ve got a great group of people to race him with,” Magnier said.
All up across the opening day, 142 lots sold for an average price of over $248,000, with the clearance rate of 85 per cent bettering last year’s opening day figure of 83 per cent.
Magic Millions Managing Director Barry Bowditch said it was an amazing start, given current COVID border restrictions.
“It was a really solid day’s trade,” Mr Bowditch said.
“We went in with a bit of trepidation with the internationals not here and a lot of Sydney not able to be here.
“But under the circumstances it was a huge day. Vendors have met the market – they’re here to sell their horses and that’s instilled confidence in the buyers to bid.”
Mr Bowditch said the average price is up on last year’s opening day, but reiterated that “it’s the clearance rate that is the real highlight at about 85 per cent”.
NRL legend and Magic Millions ambassador Billy Slater is among those heading to the auction today, with his colt (Lot 402) set to go under the hammer.
Day Two will commence at 10am this morning.