• Home
• Services
• Nominations
• Shares
• Staff
• Contact
• Enquiries
• Associates

Magic Millions National Sale Purchases 27 June 2004

The 2004 Magic Millions National Sale moved up another notch this year and is clearly the fastest growing sale in Australia. The overall gross of $28.6 million nearly doubled that of the previous year, boosted by the various stud dispersals, which added greatly to the depth of quality on offer.

The opening session of yearlings proved patchy as you would expect of a yearling sale at this time of year, but the market for weanlings and quality broodmares was as strong as we have seen.

While Magic Millions may not be making a great deal of money from the sale this year (thanks to their innovative decision to waive commission on lots which make over $100,000), they have undoubtedly found a surefire way to capture a large slice of the top end of the market.

Inglis HTBA Scone Yearling Sale 27 May 2004

The 2004 Scone Yearling Sale achieved solid results all round, with the average price climbing to a respectable $15,230. It is traditionally a “type” sale and the fancied horses were making excellent money given their largely modest pedigrees. My three purchases were all racy athletic colts and if the trio can measure up to expectation will be heading to Asia to further their racing careers.

Inglis Select Weanling Purchases 19 May 2004

The market for quality commercial weanlings was exceptionally strong at this sale (clearance of 83%) and buyers were quick to pounce on the nice types with some pedigree. Pinhooking can be a tricky business but there have been some notable successes achieved with youngsters purchased from this sale. Thorn Park is the obvious example, a $60,000 weanling resold for $200,000 at Easter.

Inglis Australian Select Broodmare Sale Purchases 27 April 2004

Following hot on the heels of a record breaking Easter, the better class mares at the Inglis Select Broodmare Sale were always going to be the subject of keen competition. Despite the overall lack of quality, anything remotely above average sold through the roof and I can’t help but wonder if there is better value to be found by purchasing privately at this point in time rather than through the ring.

The re-instatement of a pass in commission at this sale had the desired effect and the clearance rate soared back to 84% after a disappointing number of mares were led away unsold from last year’s sale.

Apart from the filly Career Start (which I specked), the list of purchases below were made for a private client with the intention of trading these pregnancies into the weanling market next year.

Inglis Easter Purchases 22 April 2004

The 2004 Inglis Australian Easter Yearling Sale was a resounding success both for the Inglis company and for the Australasian breeding industry in general. The sale represented a real “coming of age” for our industry, with the deeds of horses like Choisir and Silent Witness attracting large numbers of international buyers with a genuine admiration and respect for our product.

Multi million dollar stud deals for stallion prospects such as Choisir, Reset and Exceed and Excel have served to raise the bar on what a buyer is prepared to spend on a yearling colt, hence the booming colts average at Easter of $220,534 with an unprecedented seven youngsters topping the $1million mark.

Colts aside, the market was unbelievably strong across the board, so much so that I had one client with $400,000 to spend who finished empty handed despite my best efforts.

There can be no doubting that the Australian Easter Yearling Sale has joined the ranks of the major leagues and is now widely seen as a global destination for the serious business of purchasing world class young thoroughbreds.

Magic Millions Adelaide Purchases

The team at Magic Millions would have been well pleased by the results achieved in Adelaide, their sale aggregate rising by a whopping 75% and some 23 yearlings fetching $100,000 or better. A clearance rate of just 74% on the opening day of selling was indicative of an uncertain market, however a booming evening session followed on the Wednesday and continued unabated into Thursday, driving the overall clearance to an acceptable 80%.

The catalogue featured some outstanding types and for those with the right horses it was a very good sale indeed, although there was a feeling among buyers that there were rather too many youngsters just making up the numbers and undoubtedly this was reflected in the patchy clearance.

Inglis Premier Purchases

The 2004 Inglis Premier Yearling Sale set new records for average (up 19%) and gross (up 30%) generating turnover of $18.2 million, a figure that would have been unthinkable for a Melbourne sale just a few short years ago. Encosta de Lago can be credited for a good chunk of the sale’s success but it takes more than a sandwich to make a picnic and at this picnic there was something for everyone.

On paper the catalogue always looked to be well above average, however to be perfectly honest some of the horses with the better pedigrees simply didn’t have the required conformation to match their breeding. In saying that, there were still a great number of first class individuals and vendors with the right product certainly got top dollar for their efforts.

Magic Millions Purchases

There is no denying that the 2004 Magic Millions Yearling Sale was an overwhelming success with record figures posted right across the board. Of course the large draft of yearlings by Danehill (USA) were always going to make a huge impact on the overall results, however it was the strength of the middle market which really made it such an outstanding sale for buyers and sellers alike.

The catalogue featured a huge number of well grown and well conformed youngsters by popular sires, with buyers such as myself presented with a wealth of talent to choose from. The market for colts was exceptionally strong as we have come to expect at Magic Millions (438 colts / 272 fillies) and they achieved a clearance of 87% and average of $112,637, compared with the fillies clearance of 82% and average $105,553.

The only criticism of this sale is the deplorable conditions under which it was held. There is no escaping the oppressive heat in that so called “auditorium”, which amounts to little more than a large tin shed. If Magic Millions is to be regarded as a world class bloodstock event, then the time has surely come to upgrade facilities and deliver some basic comforts to the buyers who make it all happen.

Breeding Stock

Updated 12.12.2008

• Mares under $40k
• Mares $40k to $100k
• Mares over $100k
• Mares Overseas
• Stallions
• Weanlings
• Yearlings

Sales

• Sales Results
• Upcoming Sales

Vin Cox Bloodstock Level 1, 5 Jersey Rd Woollahra NSW 2025
p 02 9328 5788 f 02 9328 5255