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Magic Millions Mares Day-1: Average Down 17.1%

Monday, 30th May 2011

Overall on Day-1 at the Magic Millions National Broodmare Sale, 171 lots sold for $7,397,350 (down 23% on last year’s 184 sold for $9,604,000). The average of $43,259 was down 17.1% (last year $52,196) & the clearance rate was 77% (last year 85%). Magic Millions managing director Vin Cox commented: “Most vendors met the market & the clearance rate of over 77% was encouraging. There was spirited bidding on many lots & the buyers were delighted with their purchases with great value on offer. It was nice to see the market accept the star mares Sister Madly & Military Rose with strong prices - mares of their quality are rarely offered at auction.”

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