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Magic Millions Yearlings Record Gross Up 6.8%

Tuesday, 27th March 2007

Overall during the Magic Millions Premier Sale, 310 yearlings sold for a record $5,409,500 (up 6.8% on last year's 287 sold for $5,064,250). However the $17,450 average was down 1.1% (last year $17,645) while the 79% clearance rate remained the same. Managing director David Chester summed up: "Quality yearlings were well sought out by buyers & attracted strong bidding. We had large groups from both Cairns & Rockhampton at the sale & they were very active bidding on a number of yearlings. Magic Millions' decision to run a $100,000 race in Rockhampton & the announcement of a $50,000 bonus to the Far North Queensland's best juvenile in a series of races for eligible graduates, has obviously proven popular."

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