A record breaking clearance rate told the story at a successful 2012 edition of the Magic Millions Tasmanian Yearling Sale in Launceston today.
Almost 80 per cent of the 111 lots offered today were sold – headlined by a filly by Musket topping the day for $60,000.
Offered for auction by Alva Stud, as agent for breeder Geoff Hillier, the filly was snapped up by local outfit Semba Pty Ltd.
She is first living foal of the Tasmanian Guineas winner Di’s Angel – a daughter of Racer’s Edge who earned over $177,000 during her racetrack career.
Another first season sire, Belong to Me’s Group One winning son Bon Hoffa, provided the day’s second top seller – the filly from Antonia’s Gold.
Star Thoroughbreds’ Denise Martin, bidding on the phone through David Chester, struck and snapped up the chestnut filly from the Brooklyn Lodge draft for $55,000.
All up today over $1 million was traded on 88 lots sold. The average price rounded out at $11,642.
“The success of a sale can be seen through the clearance rate,” Magic Millions Managing Director Vin Cox reported.
“It was an extremely good day’s selling and for the clearance to rise from under 64 per cent to almost 80 is phenomenal.”
“Traditionally this sale has returned lower selling rates – but today it was different with a healthy buying bench from around Tasmania and the mainland competing for some top racetrack prospects.”
“The breeders and vendors did a great job presenting the yearlings on offer and there was spirited bidding on a number of lots.”
“Credit must go to the Tasbreeders – in particular Angela Armstrong who was representing that organisation for the first time.”
“The Magic Millions team headed by Tim Brown and Tony Williams and auctioneers David Chester and Grant Burns also should be congratulated.”
“All in all it’s been a great day’s selling and everyone who played their part should be duly recognised and thanked,” Cox said.
Cox said the company was looking forward to upcoming yearling sales in Adelaide and at the Gold Coast in March.
“Both of those sales are renowned for producing high quality racehorses at value prices and we look forward to offering some high quality lots at both auctions,” Cox added.
(2011 in brackets)
Lots Catalogued: 115 (160)
Sale Gross: $1,024,500 ($1,243,250)
Average Price: $11,642 ($12,558)
Median Price: $7,000 ($10,000)
Top Price: $60,000 ($62,000)
Lots Sold: 88 (99)
Lots Withdrawn: 4 (5)
Lots Passed In: 23 (56)
Sold %: 79.3% (63.9%)
SALE TOP SELLERS
$60,000 – Musket-Di’s Angel filly
Vendor: Alva Stud (As Agent for GM Hillier) / Buyer: Semba Pty Ltd (Tas)
$55,000 – Bon Hoffa-Antonia’s Gold filly
Brooklyn Park / Star Thoroughbreds (NSW)
$37,500 – Statue of Liberty-Grandchildrenslove filly
Aceland Stud Farm / Jim Mason (Vic)
$32,000 – Shinzig-Angelika colt
Macleay Thoroughbred Stud / Tony Seymour (Tas)
$30,000 – Bel Esprit-Miss Guided filly
Reibey Lodge / John Blacker (Tas)