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Magic Millions Mares Day-1: Average Down 14.5%

Monday, 31st May 2010

Overall on Day-1 at the Magic Millions National Broodmare Sale, 184 lots sold for $9,604,000 (down 6.3% on last year's 77 sold for $10,250,500 which included $3 million for Princess Coup). The average of $52,196 was down 14.5% (last year $61,015) but the clearance rate jumped to 86% (last year 77%). Magic Millions managing director David Chester commented: "It was a solid day's selling at the Gold Coast. To have the clearance rate at 86% is outstanding. A lot of other similar sales throughout Australasia this year have struggled with their clearance rates - so we're very happy so far."

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