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Magic Millions HIT Final Average Up 7%

Friday, 21st October 2011

Overall the Magic Millions Horses-In-Training Sale saw 175 lots sold for $7,211,000 (down 13.3% on last year’s 216 sold for $8,314,500 in a much larger catalogue). But the record average of $41,206 was up 7% (last year $38,493) & the final clearance rate was 74% (up from 71% last year). Magic Millions managing director Vin Cox commented: “It has been a fantastic sale from an international participation perspective - 107 of the 175 lots sold were purchased by overseas clients.” These included Singapore (36 lots), Philippines (16), Korea (14), Malaysia (14), Hong Kong (12), Macau (10) & South Africa (5).

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