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Magic Millions National Sale: Final Gross Up 41.2%
Meanwhile the Magic Millions National Sale (with separate sections for weanlings, broodmares, yearlings & finally racehorses) concluded on the Queensland Gold Coast yesterday with gross receipts of $48,751,300 - up 41.2% on last year's $34,524,100. Magic Millions managing director David Chester declared: "That is a great result. The sale came at a time when the stock market had taken a hit & the proposed mining tax was announced by Kevin Rudd. Similar lead-up style sales around Australasia had been very tough & we were expecting plenty of tough times. But it is great to see the sale has exceeded the expectations of many - including mine."