Daily News Archive
Daily News Subscription
MM National Yearling Sale Day-2: Prices Soar On The Gold Coast
An incredible buying bench was on hand to return record figures across the board at yesterday's final session of the 2016 Magic Millions National Yearling Sale on the Gold Coast with over $13.3 million traded for the entire sale. The leading buyer for Book One was leading South African based owner Adriaan Van Vuuren with a spend of $487,500 on 11 yearlings. Van Vuuren, who was accompanied to the sale by trainer Mike Azzie, has tasted great success and along with wife Rika race South African Triple Crown champion Abashiri. New Zealand buyers Go Racing and Wexford Stables filled second and third positions on the leading buyers table on total spend. Book One of the auction boasted an impressive average price of $48,045 for 254 lots sold at an outstanding clearance rate of 86 per cent - up significantly on last year's auction. "The sale powered on for Day Two of the National Yearling Sale and in fact got stronger and stronger as the day went on," Magic Millions Managing Director Vin Cox said. "This sale has enormous potential and the credibility of the buying bench will encourage breeders to consider this sale as a premium selling option." Cox added: "If you had have told me that we will average over $48,000 and clear at 86 per cent I would have told you that you were dreaming. The depth and the strength of the sale was truly spectacular." The 2016 Magic Millions National Racehorse Sale will be held from 10am today.