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Magic Millions Adelaide 72% Clearance Rate

Wednesday, 12th March 2008

Overall after 2 days at the Magic Millions Adelaide Sale, 200 lots have sold for a cumulative $5,258,000 at an average $26,290 & a 72% clearance rate. Managing director David Chester noted while figures were down from last year's auction, it was unfair to compare them: "This year's catalogue is obviously much weaker than usual. Equine Influenza created big problems with most interstate vendors not entering yearlings because of travel restrictions, which continued well after the entries closed. A number of the top local yearlings were also interstate at the time of entry & were picked up by sales in other states, including this month's Magic Millions Yearling Sale on the Gold Coast. For the overall clearance rate to jump to 72% was pleasing & that's the barometer in this case."

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